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201207009
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8/24/2012 8:34:20 AM
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8/24/2012 8:34:20 AM
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DEEDS
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201207009
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201207009 <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 aze not sufficient to repair or restore the Property, <br />Borrower is not relieved of Bonower'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 />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 Application. Bonower shall be in default if, during the Loan application process, <br />Bortower or any persons or entiries acting at the d'uection 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 information) in connecrion with the Loan. Material representations include, but <br />are not limited to, representations concerning Borrower's occupancy of the Properiy as Bonower's principal <br />residence. <br />9. Protection of Lender's Interest in the Property and Rights Und�r this Security lnstrument. If (a) <br />Borrower faits to perForm the covenants aud agr�ments contained in this Security Instrument, (b) there is a <br />lega� psoceec�ing thag might signsficantly affect I.encier's interest in the Pro�rty and/or riglits under this <br />Se�u�it� InstrnmeIIt �sucl� as a groceeding in banlcru.ptcy, probate, for co�on or forfeiture, for <br />eafom�E of a�ier� whic� mm�ay attain griority over this Sec�trity I� os to enforce Iaws or <br />regvlatiaffi), or (c) Barrower bas abandoned the Property, then Lender m�y do a�d pay for whatever is <br />reasoaab�;e or ap�trog�iate to pratect �r's iaterest in the Pmperty and rights �der this Security <br />�, iIICi�g gs�g anat/os assessing ti�e va�ue of the Property, � seeurit�g �dlor repairing <br />t�e Prcrgercy. �n�s's acdiar►s �an include, but are aot Iimste.ci to: (a) gayiag aa�,y s�ms � by a Iien <br />�tsc�i has priority e� t�s �rity Iastrument; (b) aPPearin.g in court; aIId (c) payircg reasonable attorneys' <br />fe.es tc� gsotect its ia� un �7ie �rty atc�/or rights under this Security In�rment, including its secured <br />posn�c�mm i� a baal�g�Y Pao�iBg. Sec�,ring the �rroperty includes, but is not Iic►Tited to, entering the <br />Pr,opeaty E� matce re�sa�s, c�iage �c�cks, replacx os board up doors a,� wsndows, drain water from pipes . <br />elimina;te �cting or otiier c�e vioiations or dangerous eo�itions, and have utilities wiaed on or off. <br />Atthough Leader may t�ke actiion under this Section 9, Lenc�er c�Oes aot have to do so aIId is not under any <br />dutar or obligation m do so. It is agrced that Lender incurs no liability for not taking any or all acrions <br />autharized under th.is �eCtioa 9. <br />A�cy amounts disb�us�I by �.ender under ttris Secrion 9 shait become additional debt of Borrower se,cured by <br />vhis Security inctn,�+r, �� �ounts shall bear interest at the Note rate from the date of disbursement <br />aad sha11 he payabte, with such interest, upon notice from I.ender to Borrower requesting payment. <br />I£ this Security Instrument is on a leasehold, Bonower sha11 comply with alI the provisions of the lease. If <br />Borrower acc�uires fee tide to the Property, the leasehold and the fee title shall not merge unless Lender <br />agre�es to the merger in writing. <br />'{0. Mortgac}e Insurance. If Lender required Mortgage Insurance as a condirion of making the Loan, Borrower <br />shalI 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 requir�l to make separately designated payments <br />towazd the premiums for Mortgage Insurance, Bonower 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, Bonower shall <br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/Ot <br />VMP Q VMP6(NE) (1105) <br />Woltera Kluwer Financial Services Page 8 of 17 <br />
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