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201207195
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8/29/2012 9:09:18 AM
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8/29/2012 9:09:17 AM
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DEEDS
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201207195
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20�20� <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 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, Lencter 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. Barrower's Loan Application. Bonower shall be in default if, during the Loan application process, <br />Barrower or any persons or enrities acting at the direction of Borrower or with Borrower's knowledge or <br />consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to <br />provide Lender with material information) in connection with the Loan. Material representations include, but <br />ate aot limited to, representations concerning Borrower's occupancy of the Property as Bonowei's principal <br />residence. <br />9. Protectian of lender's tnterest in the Property and Rigfits Under this Security Instrument. If (a) <br />Borrower faiTs to perforr►� the covenants anc3 agreements contained in. this Security Instrument, (b) there is a <br />tegal Pr�ing that mi,gTst signif�cantiy affe.ct Lender's interest in the Property aud/or rights under this <br />Security IffitrumeIIt (such as a proceeding ia banl�ugtcy, probate, for con�emnation or forfeiture, for <br />eafQrcemeat of a tien which may attain griority over this �urity TalstivmeIIt or to enforce laws or <br />regulaxioas), or (c) �rrower has abandoned the Property, tfien Lender may do and pay for whatever is <br />reasonable or appropriate to pratect Lender's iIIter�st ia the Properiy aac� rights under this Security <br />in5tnf__ inctuding Fmt�iag agd/or assessing the value of the Pao�riy, an� securiag andlor regairing <br />the Property. Z.eIICter's �ions c�a iIICIu�e, b�t are not limitecfi to: (a) F�ying any sums secured by a liea <br />wfiich F�as garoriE�r over tisis Sc,�uEit�r �nstrumeat; (b) a�Pearing in couct; aacfi (c) paying reasonable attomeys' <br />f�s to gr�tee� its int�ere.st � the Pro�rty a�d/ar rights imder this Secvrity I�ent, including its s�urec� <br />�sition i� a ban�ptc� �. �g the Properly includes, but is not Iimited to, entering the <br />Frogeriy tQ �ke regairs, chaz�ge T�ks, repFac� or �ard up doors anc� wigctows, draic� vaater from pipes, <br />eliminate building or otfie� c,�de vioiations or dangerous conditionss, and have utilities turned on or off. <br />AIthough Lender may take acrion under this �ction 9, Lender does not have to do so and is not under atcy <br />duty or obligation to do so. It is agreed that Lender incius no Iiability for not tatdng any or all actions <br />autT�orize.d under tYus Sectian 9. <br />Any amounts disburse� by �.ender under this Section 9 shalt become additional debt of B�rrower secured by <br />tt�is Security I�trument. These amounts shall hear interest at the Note rate from the date of disbursement <br />anc� sfiall be gayabte, with such interest, upan norice from Lender tv Borrovver requesting payment. <br />If this Security Instrument is on a Ie�asehold, Borrower shall comply with all the pmvisions of the lease. If <br />Borrower acquires fe,e title to the Property, the leasehold and the fce title shall not merge unless Lender <br />agrees to the merger in writing. <br />10. Mortgage Insurance. Tf Lender required Mortgage Insurance as a condition of making the Loan, Bonower <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 separately designated payments <br />towazd 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 effe,ct, from an altemate 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 1/01 <br />VMP � VMP6(NE) (1105) <br />Wolters Kiuwer Financial Services Page S of 17 <br />
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