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201205759
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7/13/2012 4:39:16 PM
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7/13/2012 4:39:16 PM
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DEEDS
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201205759
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201205�5� <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 inspections of the Property. If it has reasonable <br />cause, Lender may inspect the interior of the improvements on the Property. Lender shall 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. Borrower shall be in default if, during the Loan application process, <br />Bonower or any persons or enriries acting at the direction of Borrower or with Bonower's knowledge or <br />consent gave materially faise, misleading, or inaccurate infortnation or statements to Lender (or failed to <br />provide Lender with material information) in connection with the Loan. Material representations include, but <br />aze not limited to, representations concerning Borrower's occupancy of the Property as Bonower's principal <br />residence. <br />9. Protecfion 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 tlus Security Instrument, (b) there is a <br />legai proceeding tha� might significantly affect Lender's interest in the Property and/or rights under this <br />Security lnstr�* (such as a proceeding in banlauptcy, probate, for condemnation or forfeiture, for <br />enforcemeat of a li�n which may attain priority over this Se�urity Instrument or to enforce laws or <br />regulations), or (c) Borrower has abandoned the Property, then Lender may cFo and pay for whatever is <br />rea�nable or appropriate to protect Lender's interest iII the Property and rights under this Se�urity <br />I����..nr, including protecting and/or assessing the value of the Property, anct se,curing and/or repairing <br />the ProperEy. I,ernier's actions can, include, but are not limited to: (a) paying any su�� secured by a lien <br />which has priority over ttris Secvrity Instrument; (6) appearing in court; and (c} paying reasonable attomeys' <br />fees t� gmte.ct its interest ia the PrQperty and/or rights u�der this Security Instivment, including its secured <br />position in a banknxptcy proceeding. 5ecuring the Property inciudes, but is not limited to, entering the <br />Property to m�ke repairs, chaIIge Iocks, repIace or board u� doors and windows, drain water from pipes, <br />eliminate building or other code violations or dangerous conditions, and have utiliries tumed on or off. <br />Although Lender may take action under this S�tion 9, Lender dces not have to do so and is not under any <br />duty or obligation to do so. It is agreed that Lender incurs no liability for aot taldng any or all actions <br />authorized uuder this Section 9. <br />Any amounts disbursed by Lender under this Secrion 9 shall become additional debt of Borrower secured by <br />this Security Instrument. These amouuts shaZl bear interest at the Note rate from the ctate of disbursement <br />and shall be payable, with such interest, upon norice from Lender to Bortower requesting payment. <br />If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease. If <br />Borrower acquires fee title to the Properly, the leasehold and the fee ritle shall not merge unless Lender <br />agrees to the merger in writing. <br />10. Mortgage fnsurance. If Lender required Mortgage Insurance as a condirion of making 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 shall pay the premiwns 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 effect, from an alternate mortgage insurer <br />sele,cted by Lender. If substantially equivalent Mortgage Insurance coverage is not available, Bonower shall <br />NEBRASKA-Single Family-Fannie Mae/Freddte Mac UNIFORM INSTRUMENT <br />VMP � <br />Wokers Kluwer Financial Servicea <br />Form 3028 7/01 <br />VMPBWE) (1105) <br />Page S ot 17 <br />y , . �• <br />
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