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201207005
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8/24/2012 8:33:18 AM
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8/24/2012 8:33:17 AM
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DEEDS
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201207005
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20�2�7005 <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 />Borrower is not relieved of Borrower's obligarion 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 insgect the interior of the improvements on the Property. Lender shall give Borrower <br />norice at the time of or prior to such an interior inspection sp�ifying such reasonable cause. <br />8. Borrower's Loan Application. Borrower shall be in default if, during the Loan applicarion process, <br />Bonower or any persons or entiries acting at the direction of Borrower or with Borrower's lmowledge or <br />consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to <br />provide Lender with material informarion) 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 />resictence. <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 Instrument, (6) there is a <br />Iegat proceeding that might significantly affect Lender's interest in, the Froperty and/or rigkts under this <br />Security inst�vment (such as a proceeding in banlmiptcy, probate, for condemnation or forfeiture, for <br />er�£orcement of a liea which may attain priority over this 5ecurity Tnstrument or to enforce laws or <br />regulations), or (c} Borrower has abandoned tfie Property, then E.ender may do and pay for whatever is <br />reasonable or approgriate to prote.ct Lender's iuterest in the Property anct rights uuder this Security <br />Tnstn�ment, iaclud'ang prote,cring and/or ass�siIIg the value of the Praperty, and securing and/or repairing <br />tt�e Froperty. Lenc�i's actions caa include, but are not Iimited to: (a} p�ying any sutns secured by a lien <br />vvhich bas priority over t�iis Security instrument; (tN) aPP�ring in eovrt; aad (c) paying reasonable attarneys' <br />fees to groteet its interest in the Praperiy and/or rights uader tIus Security Instrument, including its s�urect <br />position in a bankrupEcy groc,eeding. �curing the Property includes, but is not Iimited to, entering tT�e <br />Properiy to make repaiss, change Iocks, regTace or boaad up doors aad windows, drain water from pipes, <br />eliminate bu.ilding or other code violationss or dangerous conditions, anc� have utiliries turned on or off. <br />Although Lender may take action under this Section 9, Lender ctoes not have to do so and is not under azry <br />duty or obligation to do so. It is agreed that Lend�r incurs no Iiability for not taking any or all actions <br />authorized under this Section 9. <br />Any amounts disbursed by Lender under ttiis �tion 9 shall become additional debt of Borrower secured by <br />this Security �nstrument. These amounts shall bear interest at ttce Note rate from the date of disbursement <br />aad: 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 lease. If <br />Borrower acquires fee title to the Property, the leasehold and the fe.e ritle 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, Bonower <br />shall pay the premiums required to maintain the Mortgage Insurance in eff�t. 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 Borrower 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-Sfngle Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 7/01 <br />VMP � VMP6(NE) (1105) <br />Wolters Kluwer Financial Services Page 8 of 17 <br />
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