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201207499
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Last modified
9/7/2012 3:41:27 PM
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9/7/2012 3:41:27 PM
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DEEDS
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201207499
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2o��Q�4g� <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 condemnarion proceeds are 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, �.ender may inspect the interior of the improvements on the Property. Lender sha11 give Borrower <br />notice at the time of or prior to such a� interior inspection specifying such reasonable cause. <br />8. Borrower's Loan Application. Borrower sYiall be in default if, during the Loan application process, <br />Borrower or any persons or entities acting at the direction of Borrower or with Bonower'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 connection with the Loan. Material representarions include, but <br />are not lunited to, representations concerning Borrower's occupancy of the Properiy as Borrower's principal <br />residence. <br />9. Protection of Lender's Interest in the Property and Rights Under this Security lnstrument. If (a) <br />Borrower fails to perform the covenaats and agreements contained in this Security Insm�ment, (b) there is a <br />legal proceeding that �igbt sign,ificantSy aff�t Lender's interest in the Property and/or rigtits under tius <br />Seciuitg+ Tnsm�*�*�* (sucb as a pr�g in bankmptcy, probate, for condemnatioII or forfeiture, for <br />enforcement of a tien wT�ich may attaia priority over this 3ecurity Tnsixvment or to enforce laws or <br />regutations�, oa (c) Barrov� has abandoIIed tlie ProPertY, then Lender �� c�o and pay for whatever is <br />rea�oaa.b�,e or aggropriate �o protect l�.encter's interest in the Property and riglz�s uQder this Se.curity <br />Insixumenx, i�Iuci�g Prot�g �ttilor assessing the value of the Property, aacd �g �d/or reP�S <br />the Prop�rty. �.eader's actions c�e uiclude, hut are aot limited to: (a) payiag aaey sc�s �ed by a lien <br />v�+� has grierity over this Se�ri�}r In�r�t*r►_�r; �b) aPPe.ari.ag in c�uxt; and (c) Paying reasottable attorneys' <br />fee.s, t� pro�6 its inte� iu tT�e Fts�perEy a�fi/or rig&ts under this Security Instr�ment, inciuding its secured <br />positcon i�a a b�rkcupbc� P�ffig. Secu�g the Progerty includes, but is not Iimited to, entering the <br />Prc�erty te� make se�airs cTa�nge Foc.�, reg�� or boa� up doors and wiadovws, c�rain water fronx gipes, <br />elim�nate Uuiiding or oxfier c�de violations or dangerous conditions, and have utiiiti� turned on or off. <br />At�hough �.ender ma}� ta�e action r�ndes this Section 9, I.eIIder does not have to cfo s� and is not under any <br />duty or obligation to do so. Tt is agreeti that Lender incurs no liability for not talcing any or alI actions <br />811T�flLl� UII{�f T�ItS $f.GtIOII g. <br />An�+ a�toimLs dis�utsed by I.�sder uacfier this Section 9 shall become additionai debt of Bortower secured by <br />this Security �nstrament. These amounts shall hear interest at the Note rate from the date of disbursement <br />and shalI � payable, with such interest, upon norice from Lender to Borrower requesting payment. <br />If this Se�urity Instrument is on a leasehold, Bonower shall comply with all the pmvisions of the lease. If <br />Borrower acquires fee title to the Property, the leasehold and the fee title shall not merge unless Lender <br />agrees to the merger in writing. <br />'f O. Mortgac�e Insur�nce. If Lender required Mortgage Insurance as a condirion of making the Loan, Borrower <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 separately designated payments <br />towazd the premiums for Mortgage Insurance, Bonower sha11 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 effect, from an alternate mortgage insurer <br />sele,cted by Lender. If substantially equivalent Mortgage Insurance coverage is not available, Borrower shall <br />NEBRASKA-Single Famlly-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 <br />VMP � bMP6�NE) (1105) <br />Walters Kluwer Financial Services Page 8 of 17 <br />
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