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20120538v <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 />Borrower is not relieved of Bonower's obligarion 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 sha11 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. Bonower shall be in default if, during the Loan application process, <br />Bonower or any persons or enrities 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 limite� to, representarions concerning Bonower'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 />Borrower fails to perform the covenants and agreements contained in this Security Instrument, (b) there is a <br />legal proceeding that rnight significantly affect Lender's interest in the Property and/or rights under this <br />Security Instrumen� (such as a proceeding in baniQUptcy, probate, for condemnarion or forfeiture, for <br />enforcement of a Iien which may attain priority over tlus Security Instrument or to enforce laws or <br />regulations), or (c} Borrower has abanc�oned the Property, then Lender may do and pay for whatever is <br />reasanable or appropriate to protect Lender's interest in the Properly and rights under this Security <br />Instrume�t, including protecting and/or ac�.�;ng the value of the Pro�rly, and securing and/or repairing <br />t�e Praperty. Lender's actio� can include, but are not limited to: (a) gaying any sums secured by a Iien <br />which has priority over t3�is Security Instru.me�t; (b) appearing in «�urt; and (c) paying reasonable attomeys' <br />fees to protect its iaterest ia tt�e Praperty an�/or rights under this Secnrity Instrument, including its se.cured <br />position in a banla.uptcy proce�diug. Securing the Property includes, but is not lim'sted to, enteriag the <br />Property to n7ake repaias, change locks, replace or board up daors and windows, drain water from pipes, <br />eliminate building or other code violations or dangerous conditio�s, anc� have utilities turned on or off. <br />Although Lender may take acrion under this Section 9, Lender does not have to do so and is not under any <br />duty or obligation to do so. It is agree�i that Lender incurs no liability for not taking any or all actions <br />authoriaed under t�is Section 9. <br />.4ny amau,nts disburs�i by Z.encter under this Section 9 shall become addirional debt of Borrower secured by <br />this Security Instru�ent. These amounts shall bear interest at the Note rate from the date of disbursement <br />and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment. <br />If this Security Inst�ument is on a leasehold, Bonower shall comply with all the provisions of the lease. If <br />Borrower acquires fee tide to the Property, the leasehold and the f� title shall not merge unless Lender <br />agrees to the merger in writing. <br />10. Mortgage Insurance. If Lender rec}uired Mortgage Insurance as a condirion 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 />toward the premiums for Mortgage Insurance, Bonower shall pay the premiums required to obtain coverage <br />substanrially equivalent to the Mortgage Insurance previously in eff�t, at a cost substanrially 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-FanNe Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/07 <br />VMP Q VMP6INE) (1105) <br />Wolters Kluwer Flnancial Services Page 8 of 17 <br />