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201207198
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Last modified
9/10/2012 2:54:46 PM
Creation date
8/29/2012 9:10:06 AM
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DEEDS
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201207198
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20120719� <br />for the repairs and restorarion 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 />Bonower 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 inspecrions of the Progerty. If it has reasonable <br />cause, Lender may inspect the interior of the improvements on the Property. Lender shatl give Bonower <br />norice at the time of or prior to such an interior inspe,ction specifying such reasonable cause. <br />8. Borrower's Loan Application. Bonower shall be in default if, during the Loan application process, <br />Bonower or any persons or entities acting at the direction of Bonower or with Bonower'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 information) in connection with the Loan. Material representarions include, but <br />are not limited to, representarions concerning Bonower's occupancy of the Progerty as Bonower's principal <br />residence. - <br />9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. If (a) <br />Bonower fails to perform the covenants and agreements contained in this Security Instrument, (b) there is a <br />legal p�ing tUat might signif�cautly affect L,ender's interest in the Property aaid/or rights un�er this <br />Security �ment (s�ch as a proceeding in banlQUptcy, probate, fos cQgdemnari�n ar forfeiture, for <br />enfarcemeIIt of a lien which may attain priority over this Securiry Ins�t or to e�force l�w�s or <br />regtr�a�ions}, or (c} Borrower has abandoned the Property, then L,ender may do and gay for whatever is <br />reasonable or aggropriate to pmte.ct Lender's interest in the Pro�rty arni rights under this Security <br />Instr�B, iaclu�€ing grotecting and/or assessiag the vaiue a£ tke PrQp�rty, �cd �g anc�/or regairuig <br />the Praper�y. �der's actions c.an incl�ufie, but are not Iimzted tcr: f a) Pa}ri�g aacy sum.s s�ured by a lien <br />�vhicl� h� gsiQrity �ver thf.s Security Instrument; (b) aP�aTing in coittt; and (c) PaY�B reasomable attomeys' <br />fees w proteet its iaterest in the Progerty aad/or rights vnder this Se�curity Instrument, including its secured <br />�sition imm a tra�ptcy proceediitg. �g the Property includes, �ut is IIat limited to, enteriag the <br />PmpesCy w�:ke repairs, change Yocks, replace or board up doors a� wi,ndows, drain water from giges <br />eliminate buiIding or other code violations or dangerous condirions, aac� have utilities turned on or off. <br />Although Le�der may take action under this Section 9, Lender does aot ha.�e to do so azcd is not un�er any <br />duty or obiigation to do so. It is agrced that Lender incurs no liability for not taking any or all acrions <br />authorized under this Section 9. <br />Any amou� disbursed by I.ender under this SecCion 9 shall become additio�I debt of Borrower secured by <br />this Securit�r Instrument. These amounts shall beaz interest at the Note rate from the date of disbursement <br />and sTialt be payable, with such interest, ugon notice from Len�er to �orrower requesting payment. <br />If this Seeurity Instrument is on a leasehold, Borrower sha11 comply with alI the provisions of the lease. If <br />Borrower acquires fee ritle to the Property, the leasehold and the fee ritle shall not merge unless Lender <br />agrees to the merger in writing. <br />10. Mortgage Insurance. If Lender required Mortgage Insurance as a condirion of making the Loan, Bonower <br />shatl 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 �nc�,rance and Bonower was required to make separately designated payments <br />towazd the premiums for Mortgage Insurance, Borrower shall pay the premiums required to obtain coverage <br />substanrially 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 effe,ct, from an altemate mortgage insurer <br />selected by Lender. If substantially equivalent Mortgage Insurance coverage is not available, Bonower shall <br />NEBRASKA-Single Family-Fannie MaelFreddie Mac UNIFORM INSTRUMENT <br />VMP � <br />Wolters Kluwer Ftnancial Services <br />Form 3028 1 /01 <br />VMPB(NE) (1105) <br />Page 8 of 17 <br />
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