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201202734
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Last modified
4/9/2012 8:49:06 AM
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4/9/2012 8:49:06 AM
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DEEDS
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201202734
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�������J� <br />for the repairs and restoration in a single payment or in a series of progress payments as the work is <br />completed. ff the inc�,�n� or condemnation proceeds aze not sufficient to repair or restore the Property, <br />Borrower is not relieved of Borrower's obligation for the completion of such repair or restoration. <br />Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable <br />cause, Lender ma.y inspect the interior of the improvements on the Property. Lender shall give Barrower <br />notice at the time of or prior to such an interior inspection specifying such reasona,ble cause. <br />8. Borrower's Loan Applicetion. Borrower shall be in default if, during the Loan applicationprocess, <br />Borrower or any persons or entities acting at the direction of Borrower or with Borrower's l�owledge or <br />consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to <br />provide Lender with material information) in connection with the Loan. Material representations include, but <br />are not limited to, representations concerning Borrower's occupancy of the Properiy as Borrower's principal <br />residence. <br />9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. If (a) <br />Borrower fails to perform the covenants and agreements contained in this Security Instrument, (b) there is a <br />legal proceeding that might signif'icantly affect Lender's interest in the Property and/or rights under this <br />Security Instrument (such as a proceeding in banl�uptcy, probate, for condemnation or forfeiture, for <br />enforcement of a lien which may attain priority over this Security Instrument or to enforce laws or <br />regulations), or (c) Borrower has abandoned the Property, then Lender may do and pay for whatever is <br />reasonable or appropria.te to protect Lender's interest in the Properiy and rights under this Security <br />Instrument, including protecting and/or assessing the value of the Property, and securing and/or repairing <br />the Property. Lender's actions can include, but are not limited to: (a) paying any sums secured by a lien <br />which has priority over this Security Instrument; (b) appearing in court; and (c) paying reasonable attorneys' <br />fees to protect its interest in the Progerty and/or rights under this Security Instrument, including its secured <br />position in a bankruptcy proceeding. Securing the Property includes, but is not limited to, entering the <br />Properiy to make repairs, change locks, replace or board up doors and windows, drain water from pipes, <br />eliminate building or other code violations or dangerous conditions, and have utilities turned on or off. <br />Although Lender may take action under this Section 9, Lender does not have to do so and is not under any <br />duty or obligation to do so. It is agreed that Lender incurs no liability for not taking aity or all actions <br />authorized under this Section 9. <br />Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower secured by <br />this Security Insirument. These amounts shall bear interest at the Note rate from the date of disbursement <br />and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment. <br />If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease. If <br />Borrower acquires fee tifle to the Properly, the leasehold and the fee title shall not merge unless Lender <br />agrees to the merger in writing. <br />10. Mortgege Insurence. If Lender required Mortgage Insurance as a condition of making the Loan, Borrower <br />shall pay the premiums required to maintain the Mortgage Tn�,�,�nsp in effect. If, for any reason, the <br />Mortgage Tnc�ran� covera.ge required by Lender ceases to be available from the mortgage insurer that <br />previously pmvided such inc,,,a� � Borrower was required to make separately designated payments <br />toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to obtain coverage <br />substantially equivalent to the Mortgage Insurance previously in effect, at a cost substantially equivalent to <br />the cost to Borrower of the Mortgage Insurance previously in effect, from an alternate mortgage insurer <br />selected by Lender. If substantially equivalent Mortgage Insurance coverage is not availa.ble, Borrower shall <br />NEBRASKA-Single Family-Fanrtie Mae/Fraddie Mac UNIFORM INSTRUMENT Form 3026 1/Ot <br />VMP � VMP81NE) (11061.00 <br />Woltors K�uwar Flrmrxial Servicas Page 8 of-17 <br />
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