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201206639
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8/10/2012 3:58:21 PM
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8/10/2012 3:58:21 PM
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201206639
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20120663� <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 condemnarion proc,eeds are not sufficient to repair or restore the Property, <br />Bonower is not relieved of Borrower's obligation for the completion of such repair or restoration. <br />Lender or its agent may make reasonable entries upon and inspe.crions 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 />notice at the time of or prior to such an interior inspection spe,cifying such reasonable cause. <br />8. Borrower's Loan Applicafion. Bonower shall be in default if, during the Loan applicarion process, <br />Borrower or any persons or entities acting at the dir�rion of Borrower or with Borrower's lrnowledge or <br />consent gave materially false, misleading, or inaccurate informarion 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 Bonower's occupancy of the Property as Borrower's principal <br />residence. <br />9. Protecfion of Lender's tnterest in the Property and Rights Under this Secur'rty Instrument. If (a) <br />Borrower fails to petform the covenants and agreements contained in this Security Instrument, (b) there is a <br />Iegal groce.�ding that r�ught significantty affect Lender's iaterest in the Froperty and/or rights under this <br />�ty �ns� (s�ch as a prc�dir�g in baukru.ptcy, pmbate, for candemnation or forfeiture, for <br />enforceme�ct of a�iera v�rhich may attaia priority over tlus Security Instruriser�i or to enforce Iaws or <br />regu��atious), or (c) �rrawer has abandoaed the Property, tlien Lenc�er may do and pay for whatever is <br />re.asonaS�le or appmpriatte to protect �.ender's interest in the Property an�. rights un�er this Security <br />instn�ment, including protecting aud/or asse.ssisg the value of the Pmperty, and se�curing and/or repairing <br />the Progerty. Lencter's actions can inr.�ude, but are �t limite,c� tc�: (a) gay�ia� aay sums s�ured by a lien <br />wfiich, fias priarit�r over this SecuritY ��tn�meat; (b) aPF�ing it� eourt; ancfi (c) payiag reasoaab�e attorneys' <br />fees ta gsot�t its i.�rtere,s� in ti�e Property �cdle�r zights under tYsis �it�r Ynstr�ent, including its secured <br />positio� ia a b�gtcy Pr�i�g. �g tfie Froperty includes, b�t is not I�itect to, entering the <br />Froperiy to �I� repairs, chaittge Iocks, repIace or baard up d�rs and vFtin�ows, drain water from pipes, <br />�lim?n�rP buildiag ar other code violatians or dangerous conditions, and have utiliries turned on or off. <br />Although I.ender may take aetion imder this Section 9, Lender doe.s not have to do so and is not under any <br />duty or obligation to do so. It is agreec� that Lender incurs no liability for not taking any or all actions <br />authorizec� under tbis Section 9. <br />Any �mounts disburse� by �,ender undei tl�is Section 9 shalI become additionaI debt of Borrower secured by <br />this Security Inst�ent. These amounts shall bear interest at the Note rate from the date of disbursement <br />and shalt be payalTle, with such irnerest, upon notice from Lender to Borrov�+er requesting payment. <br />If this Security Instmment is on a leasehold, Borrower shall co�ly with all the provisions of the lease. If <br />Borrower acquires f� title to the Property, the Ieasehold and the fce title shall not merge unless Lender <br />agrees to the merger in writing. <br />'td. Mortgage 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 Bonower was required to make sepazately designated payments <br />toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to obtain coverage <br />substantially equivalent to the Mortgage Insurance previously in effect, at a cost substantially 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 Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/Ot <br />VMP � VMP6(NE) (1105) <br />Wolters Kluwer Financial Servic� Page 8 of 17 <br />
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