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201205280
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Last modified
6/29/2012 9:32:23 AM
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6/29/2012 9:32:22 AM
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DEEDS
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201205280
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201205280 <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 />Borrowcr is not rclic��cd of Borrowcr's obligation for tlic complction of such rcpair or restoration. <br />Lender or its agent maY make reasonable entries upon and inspections of the Pmpertv. If it has reasonable <br />cause, Lender may inspect Qie inlerior ot the improvements on the Properiy. Lender shall give Borrower <br />notice at the time of or prior to such an interior inspection specifying such reaso��able 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 knowledge or <br />consent gave materiall,y false, misleading, or inaccurate information or statements to Lender (or failed to <br />provide Lender with material inforniation) in connection w�ith the Loan. Material representations include, but <br />arc not limitcd to, rcprescntations conccrning Borrowcr's occupancy of thc Propert,y as Borrowcr's principal <br />residence. <br />9. Protectionof Lender'slnterestinthe PropertyandRightsUnderthisSecuritylnstrument.lr(a) <br />Borrower fails to perform lhe covenants aud agreements contained in ttus Security Instrument, (b) lhere is a <br />legal praceeding that might significantly affect Lender's interest in the Properly and/or rights under this <br />Security Instrument (such as a proceeding in bankruptcy, 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 appropriate to protect Lender's interest in the Property and rights under this Security <br />Instmmcnt, including protccting and/or asscssing thc valuc of thc Property, and sccuring and/or rcpairing <br />the Property. Lender's actions can include, but are not limited to: (a) paying any sums secured by a lien <br />�chich has priority over tlus Securin• lnstrument; (b) appearing in couri; and (c) paying reasonable attorneys' <br />fees lo protect ils interest in lhe Properiy and/or rights under this Security Instrument, including ils secured <br />position in a bankruptcy proceeding. Securing the Property includes, but is not limited to, entering the <br />Property to make repairs, change locks, replace or board up doors and windows, drain w�ater 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 tlus Section 9, Lender does not have to do so and is not under am <br />duty or obligaUon to do so. It is agreed that Lender incurs no liability for not taking atry or all actions <br />authorizcd undcr this Scction 9. <br />Any amounts disbursed b}• Lender under tlus Section 9 shall become additional debt of Borrower secured by <br />this Securitv Instrument. These amounts sliall bear interest at the Note rate from the date of disbursement <br />and shall be pa}�able, with such interest, upon notice from Lender to Borrower reyuesdng payment. <br />If this Security lnstrument is on a leasehald, Borrower shall comply ��ith all the provisions of the lease. If <br />Borrower acquires fee title to the Properiy, the leasehold and lhe fee title shall not merge unless Lender <br />agrees to the merger in writing. <br />10. Mortgage Insurance.If Lcnder rcquircd Mongagc lnsurancc as a condition of making thc Loan, Borrowcr <br />shall pay the premiums required to maintain the Mortgage Insurance in effect. If, for any reason, the <br />Mortgage lnsnrance coverage required b,y Lender ceases to be �vailable from the mortgage insnrer that <br />previously provided such insurance and Borrower was required to make separately designaled paymenls <br />toward the premiums for Mortgage Tnsurance, Borrower shall pay the premiums required to obtain coverage <br />substantially equi�ralent to die Mortgage Insurance previously in effect, at a cost substantially equivalent to <br />the cost to Borro«�er of the Mortgage Insurance previously in effect, from an alternate mortgage insurer <br />selected by Lender. If substantially equivalent Mortgage Insurance coverage is not a��ailable, Borrower shall <br />NEBRASKASingle Family-Fannie Mae/Freddia Mac UNIFORM INSTRUMENT Form 30281f01 <br />VMP � VMPB(N� (110� 00 <br />Wolte�s Kluwrer Financial Services �ge a°f �� <br />
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