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201205217
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6/28/2012 8:39:32 AM
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6/28/2012 8:39:31 AM
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201205217
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201205217 <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 />Bortower 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 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. Borrower shall be in default if, during the Loan applicarion process, <br />Borrower or any persons or entiries acting at the d'uection of Bonower or with Bonower's knowledge 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 Bonower's principal <br />residence. <br />9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. If (a) <br />Bortower fails to perform the covenaats and agreements contained in this Security instr�ment, (b) there is a <br />Iegal proeee�ing that might signific�ntiy affect Lender's iaterest in the Frogerry and/or rights under this <br />Secuaity �SStrument (such as �. pr�ing in bankruptcy, grabate, for coade�mation vr forfeiture, for <br />enforce�c�nt of a liea wliich ma.y att� priority over this Seeurity Znstru�ent or to enforce laws or <br />regutationc), ot (c) �onow+er has abandoued the Progerty, then T.ender may do and p�.y for whatever is <br />re.aso�ble or apgropriate to pmtect Leader's interest in. the Fropert�+ azut rights under this Security <br />�ment, i�ciuding prote.cting �Ior assessing the vat�e of the Progerty, and secucing and/or repairing <br />the Propert�r. F..ender's acti�ffi r� irc�I�ute, but are aot IimiYed to: (�) P�Y�S any s� se,eurec� by a lien <br />whicl2 has priarity over t}ais S�uritY Ynstrvment; f b) aPPearing in court; attd (c) PaYixig reasonable attorneys' <br />fe�s ta gratect its irnerese ia tT�e Froperty andlor rights uader tbss Securitg Instnm�ent, iacludiag its secured <br />positioa ffi a han�tcY groce�ing. Se�u�ing the Progerty includes, hvg is IIot lir�ited to, eIItering the <br />ProPerl:y to make rega;irs, change Iacks, �iace or boarct up doors anc� windows, drain water from pipes, <br />eliminate buildzag or other code vialarioffi or daugerovs conditions, and have utilities turned oII or off. <br />A�.�I011�t LBIItI� ffi� L�C@ 2CLYOII UL1�6L STIS SBCLIOII 9 L.ender does not have to do so aad is not uncier any <br />duty or obligation to do so. It is agreed that Lender incurs no liability for not taking any or aIl actions <br />authorized under this Section 9. <br />�y amouBts disbursec� by Lender under t.�is Section 9 sball become additional ciebt of Borrower s�ured by <br />this S�urity Instrument. These amounts shall bear interest at the Note raEe from the date of dishursement <br />and shall be payable, with such interest, upon norice from Lender to Borrower rec}uesting payment. <br />If this Security Instrument is on a l�sehold, Borrower shall comply with all the provisions of the lease. If <br />Borrower acquires fee ritle to the Property, the leasehold and the fe�e title sha11 not merge unless Lender <br />agrees to the merger in writing. <br />10. Mortgaye 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 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 />towazd the premiums for Mortgage Insurance, Borrower shall pay the premiurns 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 eff�t, from an altemate mortgage insurer <br />sel�ted by Lender. If substantially equivalent Mortgage Insurance coverage is not available, Borrower shall <br />NEBRASKA-Single Famfly-Fann(e Mae/Freddie Mac UNIFORM INSTRUMENT <br />VMP � <br />Wolters Kluwer Financial Services <br />Form 3028 7/01 <br />VMPBWE� (1105) <br />Page S of 77 <br />,r <br />
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