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201204087
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5/23/2012 11:10:24 AM
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5/23/2012 11:10:22 AM
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DEEDS
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201204087
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2012040�i <br />for the repairs and restoration in a single payment or in a series of progress payments as the work is <br />completed. If the insurance or condemnation proceeds aze not sufficient to repair or restore the Property, <br />Bonower is not relieved of Bonower'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 may inspect the interior of the improvements on the Property. Lender shall give Bonower <br />notice at the time of or prior to such an interior inspection specifying such reasonable cause. <br />8. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, <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 Property 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 />Bonower fails to perform the covenants and agreements contained in this Security Instrument, (b) there is a <br />legal proceeding that might significantly affect Lender's interest in the Property and/or rights under this <br />Security Instrument (such as a proceeding in bankruptcy, probate, for condemnarion or forfeiture, for <br />enforceme� of a lien wl�ich may attain priority over this Security Incrmmer� or to enforce Iaws or <br />regulations), or (c} Borrower has abandoned the Property, then Lender may do and pay for whatever is <br />r�soHable or approgriate to protect Lender's interest in the Property aud rights under tiiis Security <br />Itts�ent, irecludisg prot�ting and/or assessing the value of the Property, and securing andlor repairiIIg <br />the Properiy. �ender's actions ca� iacFude, but are not limit�t to: (a) paying any sums se,cured by a lien <br />which has priority ov� tfiis Security Instrument; (b) appearing in court; and (c) paying reasoa�able attomeys' <br />f�s to protect its interest in the Pro�rty and/or rights under this Security Instrum�ent, including its s�ured <br />positioa in a bankrc�ptcy proce�ing. Securing the Property includes, but is not limited to, entering the <br />Property to m�ke regasrs, c,hange laelcs, reglace or board up doors and windows, drain water from pipes, <br />eliminate buiiding or ather c�ie violations or dangerous condirions, and have utilities turned on or off. <br />Although Lender may take action under this S�tion 9, Lencter does not have to do so and is not uncfier any <br />duty or obligation to da so. It is agre.ed that Lender incurs no liability for not taldng any or all acrions <br />authorized u�der this Section 9. <br />Auy amounts disb� by L�nder under this Section 9 sha11 become actditionai debt of Borrower s�ured by <br />this Se�urity Instre�ment. These amounts shall bear interest at the Note rate from the date of disbursement <br />and shall be payable, with such interest, upon norice from Lender to Borrower requesting payment. <br />If this Security Instrument is on a leasehold, Bonower shall comply with all the provisions of the lease. If <br />Bonower acquires fee tide to the Property, the leasehold and the fee title shall not merge unless Lender <br />agr�s to the merger in writing. <br />10. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan, Borrower <br />shall pay the premiums required to maintain the Mortgage Insurance in effect. If, for any reason, the <br />Mortgage Insurance covera.ge required by Lender ceases to be available from the mortgage insuzer that <br />previously provided such insurance and Borrower was required to make separately designated payments <br />towazd 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 Bonower of the Mortgage Insurance previously in effect, from an alternate mortgage insurer <br />selected by Lender. If substantially equivalent Mortgage Insurance coverage is not available, Borrower shall <br />NEBRASKA-Single Family-Fannie Mae/Freddle Mec UNIFORM INSTRUMENT Form 3028 1l01 <br />VMP Q VMP6�NE) (1105) <br />Wolters Kluwer Financial Sarv(ces Page 8 of 17 <br />�. e <br />
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