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201206703
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8/14/2012 9:29:08 AM
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201206703
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2 0120670� <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 proceeds aze 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 inspections of the Property. If it has reasonable <br />ca.use, Lender may insp�t the interior of the improvements on the Property. Lender shall give Borrower <br />notice at the time of or prior to such an irnerior inspection specifying such reasonable cause. <br />8. Barrower`s Loare Appl'rcation. Borrower shall be in default if, during the Loan applicarion process, <br />Borrower or any persons or e�ities acting at the direction of Borrower or with Bonower's knowledge or <br />consent gave materially fatse, misle.ading, or inaccurate informa.tion or statements to Lender (or failed to <br />provide Lender with material information) in connection with the Loan. Material representarions include, but <br />are not limit�. to, regreseatatioffi concerning Borrower's occupancy af the Property as Bonower's principal <br />residence. <br />9. Protection of lender's Interest in the Property ar►d Rights Uwder tF►is S�curity Instrument. If (a) <br />Borrowea fails to gerform the covenants azcd agreements contained in this Security Instrument, (b) there is a <br />legal pro�ding that ffiiglit sigxrif�c�atly affect Lender's interest in the Property and/or rights under this <br />Se�urity Instrument (su� as a proceeding ia banla�ptcy, probate, for condemnaiion or forfeitUre, for <br />eaforcement of a lien which may at�aia priority over this Security Instn�meat or to enforce Iaws or <br />reg�ilatioffi), or (c) Borrewer Fras atiandoned the Property, ttren �.ender may do and pay for v�+hatever is <br />rea�IIable or appropriat� to protec� I.ender's intere.st in the Praperry and rights under this Security <br />Instrumern, including Ppmot�ting and/ar assessucg the value of the Properly, and s�uring and/or repairing <br />the Property. I.ender's adions can include, but are not Iimited to: (a) pa.ying any sums �urad by a lien <br />which has priority over this Secutity Iastrument; (b) appearing in court; and (c) paying reasonable attomeys' <br />fees ta protect its interest itt the Fraperiy a�/or rights under this Security �►strument, including its s�ured <br />position i� a bankruptcy proceeding_ �curing the Property includes, hut is not limited t�, e�tering the <br />Properiy to make repairs, cha�ge l�ks, replace or boazd up doors and windows, drain water from pipes, <br />eliminate building os otlter co�e �riolations ar dangerous canditions, and have utilities tumed on or off. <br />Although Lender may take actioa under this Section 9, L�nder does not have to do so and is not under any <br />duty or obligarion to do so. �t is agreed that Lender incurs no liability for not taking any or atl acrions <br />authorizect under this Sectioa 9. <br />A� amouIIts disbursed by F.ender under this Secrion 9 shall become additionaI debt of Borrower secured by <br />this 5ecurity Instrument. �hese amounts sball bear interest at the Note rate from the date of disbursement <br />and shall be payab2e, with sucb interest, upon notice from Lender to Borrower requesting payment. <br />If this Security Instrument is on a leasehoId, Bonower shall comply with atl the provisions of the lease. If <br />Borrower acquires fee ride to the Property, the leasehold and the fee title shall not merge unless Lender <br />agrces tQ the merger in wriring. <br />10. Mortgage Msurance. 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 Borrower 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 substanrially equivalent Mortgage Insurance coverage is not available, Borrower shall <br />IVEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />VMP � <br />Wolters Kluwer Financial Services <br />Form 3028 1l01 <br />VMP6(NE) (1105) <br />Page 8 of 17 <br />n . <br />
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