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201204235
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5/30/2012 8:47:49 AM
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5/30/2012 8:47:49 AM
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201204235
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2012042�� <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 are 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 insp�tions of the Property. If it has reasonable <br />cause, Lender may insp�t the interior of the improvements on the Property. Lender shall give Borrower <br />norice at the time of or prior to such an interior inspection spe.cifying such reasonable cause. <br />8. Borrower's Loan Application. Bonower shall be in default if, during the Loan application process, <br />Bonower 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 connecrion 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 lnstrument. If (a) <br />Borrower fails to perform the covenants and agre,ements contained in this Security Instrument, (b) there is a <br />Iegal proce�iag that �ght significantiy affect Lender's interest i.� the Property andlor rights under tfiis <br />Security n,m� (s�ch, as a prc�ceediag in bankruptcy, grobate, for condemnation or forfeitu,re, for <br />en�orcement of a Iie� �a+Iuch may attain priority over this Security Instrument or to enforce laws or <br />regulations), or (c) �oaower has abandoned the Property, thers Lender �y do and pay for whatever is <br />reasonable or a�progriate ta prot�t Lender's iaterest iri the Praperiy aad rights under this Security <br />Tns�t, �Iud:iag Pratecti,ng az�d/or ass�,sing the value of the Froperty, and securing arni/er repairing <br />EFse Progerty. Leades's actions can iIIClude, but are �t limited to: (a} gaying any s�s s�ured by a lien <br />which has priority over this Security Instr�cent; (b) appeari�ng i�s cQUrt; and (c) Paying reasonable attomeys' <br />f�s to gaotect its iaferest ia the Pragerty and/or riglnts under tliis Security Instnunent, including its secured <br />position in a banl�uptcy proceeding. Se�aring the Progerty i.ncludes, but is not Iimited to, entering the <br />Properiy to make repaiss, ebaage locks, replace or board up doors anc�. windows, drain water fram pipes, <br />eliminate building or other code violations or dangerous conditions, and have utiliti� turned on or off. <br />Although Len�er may take action uncter this Section 9, Lender does noE ha.ve to do so and is �t under any <br />duty or obligation to do so. It is agreed that Lender incurs no Iiability for not taking any or alI actions <br />authorized under this Section 9. <br />t�ny amounts dishursed by Lender under this Se.ction 9 shall become additionat debt of �rrower secured by <br />this Security Instr�ment. These amounts shall bear interest at the NQte rate from the date of disbursement <br />and shatl be payable, with such interest, upon notice 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 />�rrower acquires fee title to the Property, the leasehold and the fee ritle sha11 not merge unless Lender <br />agrees to the merger in writing. <br />10. Mortgage {nsurance. If Lender required Mortgage Insurance as a condition of making the I.oan, Borrower <br />shall pay the premiums required to maintain the Mortgage Insurance in effect. If, for any reason, the <br />Mortgage Insurance coverage required by Lender ceases to be available from the mortgage insurer that <br />previously provided such insurance and Borrower was required to make sepazately designated payments <br />toward the premiums for Mortgage Insurance, Bonower 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 Famlly-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />VMP Q <br />Wolters Kluwer Financial Services <br />Form 3028 7/O1 <br />VMP6INE) �11051 <br />Page 8 of 17 <br />
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