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201206538
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Last modified
7/20/2017 9:45:25 AM
Creation date
8/8/2012 8:38:51 AM
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DEEDS
Inst Number
201206538
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201206538 <br /> for[he repairs and restorarion in a single payment or in a series of progress payments as the work is <br /> completefl. If the insurance or condemnation proceeds are not sufFicient to repair or restore the Propefty, <br /> Borrower is not relieved of Borrower's o6ligation for the completion of such repair or restoration. <br /> Lender or its agent may make reasonable entries upon and inspections of the Proper[y. If it has reasoaable <br /> cause, Lender may inspect the interior of the impmvemeuts on the Property. Lender shall give Borrower <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 /> Borrower or any persons or ernities acting at the dir�tion of Bottower or with Sorrower's lmowledge or <br /> consem gave materially false, misleading, or inaccurate information or statements to Lender(or failed to <br /> provide Lender with material infocmation) in connecdon with the Loan. Material representations include,but <br /> are not limited to, represen[arions concerning Borrower's occupancy of the Property as Borrower'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 Insmiment, (b)there is a <br /> legal proceediug that roight significantly afF�t I.ender's interest in the Proper[y and/or rights under this <br /> Security Instnunent (such as a proceeding in banl¢uptcy,probaze, for condemnarion or forfeiture, for <br /> enforcement of a lien which may attain prioriry over this Security Instrume�t or to enforce laws or <br /> regulations), or(c) Borrower has abandoned the Property, [hen Lender may do and pay for whatever is <br /> reasonable or appropriate to protect Lender's interest in the Property and rights under this Se�urity <br /> Instrumern, including prot�ting and/or assessing the value of the Property, and securing and/or repairing <br /> the Property. Lender's actions can include, but are not limited to: (a)paying any sums secured_by a lien <br /> which has priority over this Security Instrument; (b)appearing in court; and(c)paying reasonable attorneys' <br /> fees to protect its interest in the Property and/or rights under this Se�uriry Instnunern, including its 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 water from pipes, <br /> eliminate building or other code violations or dangerous conditions, and have utilities tumed on or off. <br /> Although Lender may take action under this Section 9, Lender does not have to do so and is no[under any <br /> duty or obligazion to do so. It is agreed Wat Lender incurs no liability for not taking any or all actions <br /> authorized under this Section 9. <br /> Any amounts disbursed by Lender under this Section 9 shall become addirional de6t of Borrower secur�by <br /> this Security Instniment. These amounts shall6ear interest at the Note rate from the date of disbucsemen[ <br /> and shall be paya6le, with such interest, upon notice from l.ender to Borrower requesting payment. <br /> If this Security Instrument is on a leasehoid, Borrower shall comply with all the provisions of the lease. If <br /> Borrower acquires fee ti[le to the Property, the leasehold and the fee[itle shall not merge unless Lender <br /> agrees to the merger in writing. <br /> 10. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan, Borrower <br /> shall pay the preariums required to maintain[he Mortgage Insurance in effect. If, for any reason, the <br /> Mortgage Insurance coverage required by I,ender ceases to be available from the mortgage insurer that <br /> previously provided such insurance and Borrower was required to make sepazately designated payments <br /> roward the premiums for Mortgage Insurance, Borrower sha(i pay the premiums required to obtain coverage <br /> substantially equivalent ro the Mortgage Insurance previously in effect, at a cost substan[ially equivalent to <br /> the cost to Bonower of the Mortgage[nsurance previously in efFect, from an alterna[e mortgage insurer <br /> selec[ed by Lender. If substantially equivalent Mortgage Insurance covenge is not available, Borrower shall <br /> NEBPASKA-Sirqle Family-Fannie Mae/Freddie Mac UNIFOflM INSTRIIMENT Farm 3029 1/p1 <br /> VMP� VMPBME7111051.00 <br /> Wokars Kluwer Flnanaal Sarvices PeBe 8 of 17 <br />
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