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201204899
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Last modified
6/28/2012 4:22:29 PM
Creation date
6/19/2012 8:49:41 AM
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DEEDS
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201204899
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20120 <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 Borrower's obligation for the completion of such repair or restorarion. <br />Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable <br />cause, Lender may insp�t the interior of the improvements on the Property. Lender shall give Bonower <br />norice at the time of or prior to such an interior inspection specifying 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 enriries acting at the direcrion of Bonower 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 conn�rion with the Loan. Material representarions include, but <br />are not limit� to, representations concerning Borrower's occupancy of the Property as Bonower's principal <br />residence. <br />9. Protection of Lender's Irtterest in the Properly and Rights Under this Security Instrument. If (a) <br />Borrower fails to perform the covenants and agre,ements contained in this Security Instrument, (b) there is a <br />Iegal proceeding that might sigmficantly affect I.ender's imerest in the Froperty and/or rights under this <br />Security Instrument (sach as a proceeding in baakruptcy, probate, for condemnation or forfeiture, for <br />enfoacement of a lien whicfi may attain priority over this S�eurity Instrument or to enforce laws or <br />regulations), or (c) Borrower has abandoned the Progerty, then Lender may do ancY pay for whatever is <br />�easonable or appropriate to protect L.ender's inter�st in the Property auc� rights under this Security <br />Instrument, including pmtecting andJor assessing the valve of the Fro�rly, and securing and/or repairing <br />the Pragerty. �.endes's actions c�r, include, but are rn>t lirmt+e� to: Fa) paying any swns secured by � lien <br />whictl has priority over this SecuritY ��t; N? aPP�g in co�nt; aacl f c) PaYinS reasonahle attoraeys• <br />fees to protect its interest in the Property and/or rights under this Security Instcvment, including its secured <br />position in a banl�ugtcy proc�eding. Securi�cg �ie Property iucludes, but is not limited to, entering the <br />Propexty to make regairs, change Iocks L'�I� OL b02� iTP �OQIS aIIf$ WIII�OWS, drain water firon� piges, <br />eliminate building or other code violations or dangerous conditions, ane� have utilities turned on or off. <br />Although Lender may take actioII under this Secoion 9, �.ender does not have to do so and is aot unc�er any <br />duty or obligatioII m do so. It is agreal that Lender incurs no liability for not taking any or alI actions <br />authorized unc�er this Section 9. <br />Any amounts disbursed by Lencter under this Seerioa 9 shall be,come additional debt of Borrower secured by <br />this Secuzity Insdrument. These amounts shall bear urterest at the Note rate from the date of disbursement <br />and shall be payable, with such interest, upon notice from Lender to Borrower requ�ting payment. <br />If this S�urity Instrument is on a leasehold, Borrower shall comply with aIl the provisions of the lease. ff <br />Borrower acquires fee title to the Property, the leasehold and the fee tide sha11 not merge unless I.ender <br />agrees to the merger in writing. <br />10. Mortgage Insurance. If Lender required Mortgage Insurance as a condirion of malting the Loan, Bonower <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 Bonower was required to make separately designated payments <br />towazd the premiums for Mortgage Insurance, Bonower sha11 pay the premiums required to obtain coverage <br />substanrially 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 b�+ Lender. If substantially equivalent Mortgage Insurance coverage is not available, Bonower shall <br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 <br />VMP � VMP8INE) (t 105) <br />Wofters Kluwer Financial Services Page 8 ot 17 <br />
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