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201207000
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Last modified
9/10/2012 2:54:09 PM
Creation date
8/24/2012 8:31:29 AM
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DEEDS
Inst Number
201207000
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20��0�000 <br />for ihe repairs and restoration in a single payment or in a series of progress payments as the work is <br />completed. If the inc�ran�p or condemnadon proceeds are not sufficient to repair or restore the Property, <br />Borrower is not relieved of Borrower's obligation for the completion of such repair or restoration. <br />Lender or its agent may make reasonable entries ugon 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 Borrower <br />notice at the time of or prior to such an interior inspection specifying such reasonable cause. <br />8. Borrower's Loan Applicetion. Boaower shall be in default if, during the Loan application process, <br />Borrower or azry persons or entities 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 informadon) in connection with the Loan. Material representations include, but <br />aze not limited to, representations concerning Borrower's occupancy of the Property as Boaower's principal <br />residence. <br />9. Protection of Lender's Interest in the Property end 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 might significantly affect Lender's interest in the Properiy and/or rights under this <br />Securitty Instiument (such as a proceeding in banla�uptcy, probate, for condemnation or forfeiture, for <br />enforcement of a lien which ma.y attain priority over this Security Instrument or to enforce laws or <br />regulations), or (c) Bormwer �as abandoned the Progerty, then Lender may do and pay for whatever is <br />reasonable or appropriate to protect I.ender's interest in the Progerty and rights under this Security <br />Instrument, including protecting andlor assessing the value of the Progeriy, 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 Security Instrument, including its secured <br />position in a banla�uptcy proceeding. Securing the Property includes, but is not limited to, entering the <br />Progerty to make repairs, change locks, replace or board up doors and windows, drain water from piges, <br />eliminate building or other code violations or dangerous condidons, and have utilities turned on or off. <br />Although Lender may take acdon 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 agreed that Lender incurs no liability for not taking any or all actions <br />authorized under this Section 9. <br />Any aacounts disbursed by Lender under this Section 9 shall become additional debt of Borrower secured by <br />this Security Instrument. 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 Instrument is on a leasehold, Borrower shall comply with all the provisions of the lesse. If <br />Borrower acquires fee title to the Property, the leasehold an@ the fee tide shall not merge unless Lender <br />agrees to the merger in writing. <br />10. Mortgege Insurance. If Lender required Mortgage Insurance as a wndition of making the Loan, Borrower <br />shall pay tfie premiums required to maintain the Mortgage Tnc��*as= 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 in��� � gorrower was required to make separately designated payments <br />toward the premiums for Mortgage In�„��, gorrower 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 Borrower of the Mortgage Tnc�ra�p 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•Singla Femily-Fannia Mae/Fraddie Mac UNIFORM INSTRUMENT Farm 3028 1/01 <br />VMP � VMPBINE) 111061.00 <br />Wolters Kluwer Firmncial Sorvicas PaBe 8 of 17 <br />
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