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201207723
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Last modified
7/20/2017 9:51:41 AM
Creation date
9/17/2012 3:11:41 PM
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DEEDS
Inst Number
201207723
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201207723 <br /> consent sh111 no[be unreasonably withhcld, or unlcss cxtcnuating circumstances exist which are beyond 13orrower's <br /> control. <br /> 7. Preservation, Maio[enance and Protec6on uf the Property; InspecNons. Borrower shxll nol destroy, <br /> damage or impair lhe Property, allow the Properry to deteriorate o�commit waste on the Property. Whclher or not <br /> Borrower is residing in [he Property, Borrower shall mxintain the Property in order to prevcnt thc Property from <br /> deteriorating or decreasing io value due to its condi�ion. Unlcss it is determined pursuant to Section 5 lhat repair or <br /> restoration is not economically feasible, F3orrower shall promptly repair the Property if damnged to avoid further <br /> deteriora[ion or da�nage. If insurance or condemnation proceeds are paiA in connection with dxmage to, or the taking <br /> of, the Property, Borrower shall be responsible for repairing or restoring the Property only if Lender has released <br /> proceeds for such purposes. I.ender may disburse proceeds for the repairs and restoralion in a single payment or in <br /> a scries of progress payments as the work is completed. If the insurance or conJcmnalion proceeds are not sutFcient <br /> lo repair or restore the Property, Borrower is not relieved of Rorrower's obligalion for U�e completion of such rcpair <br /> or restoradon. <br /> Lender or its agent may mekc rcasonablc cntrics upon and inspcetions of the Property. If it has rcnsonable cause, <br /> Lender may inspect the interior of�he improvemcnts on thc Property. Lender shall give 6orrowcr nolice at the time <br /> of or prior to such an interior inspection spcuifying such roaso�able cause. <br /> 8. Borrower's Loan Applicxtian. Borrower shall bc in dcfaull if, during tlte Loan applica[iun process, <br /> l3orrower or any persons or enlilics acting af Ihc diroctio�of Borrowcr or with Borrower's knowledgc or consent gave <br /> materially false, misleading, or inaccurate information or �latements to Lender (or failcd tu provide Le��der with <br /> material information) in connection with the Loan. Material representations include, but are not limited [q <br /> rcpresentations concerning Borrower's occupancy of the Property as Borrowcr's principal residence. <br /> 9. Protec[ion of Lender's Interest in the Property and Rights Under this SecuriTy Instrument. IC(a) <br /> l3orrowcr Cails to perform the covenants and agreements contained in lhis Security Inshument, (b) [herc in a legal <br /> proceeding thal might significantly affect Lender's interost in the Property and/or rights under this Secu�ity Instrument <br /> (such as a proceeding in bankruptcy, probalt;, fur condemnation or lorfeiture, for enforcement of a licn which may <br /> attain priority over this Security Inshument or to enforce laws or regulations), or (c) Bormwer has abandoned the <br /> Property, then Lender may do a�d pay for whatever is reasonable or appropriate to prolc;ct Lender's interest in the . <br /> Property and rights under this Security lns[rument, including protecting ancL'or asscssing the value of the Property, <br /> and secm-ing and/or repairing the Property. Lender's actious can include,bu[em not limiled�¢ (a)paying any sums <br /> seourcd by x lien which has priority over this Security Instrument; (b)appenring in court; and(c)paying reaso�ablc <br /> attorneys' fees to protect its interest in the Property and/or righ[s under this Security]nslrument, including its secumd <br /> pusitiun in a 6ankruptcy proceeding. Securing the Property includes, 6ut is nol limited to, entering[he Property to <br /> make repairs, change locks, rcplacc or board up doors and windows, drnin waler from pipes, eliminatc building or <br /> othe�code vioialions or dangerous conditiuns, and have utilities turncvl on or of£ Although Lender may lake action <br /> under this Section 9, Lender does not httvc tu do so and is not under any duty or obligation to do so. It is agreed that <br /> Lender incurs no liability for not laking any or all actions authorized under this Section 9. <br /> Any amoun[s disbursed by Lender under this Section 9 shall become additional dcbl of Borrower secured by[his <br /> Security Instrumcnt These amounts shall bear interest at the Note rxte from lhe date of disbursement and shxl] be <br /> payable, wilh such intcrest, upun notice from Lender to Borrow�r rcqucsling payme��t. <br /> If this Securily Instrumcnt is on a lcnsehold, Borrowcr shull wmply with all the provisions of lhe lease. <br /> Borrower shall nol surrwder the leasehold estate and interests herein com�cyed or terminate or cancel the ground lease. <br /> Borrowcr shall not, without the express written consent of Lender, �Itcr or amend the ground lease. If Borrower <br /> acquims fw titic to the Properry, the leasehold and the fee title shall not merge unless Lender agrees to the merger <br /> in wri[i�g- <br /> 10. Mortgage lnsurance. Ii�Lcndcr rcquircd Mortgngc Insm'ance as a condition of making lhe Loan, Borrower <br /> shall pay the premiums required to maintain the Mortgage Insurance in effect. If, f'or nny reason, the Mortgage <br /> insurance coverage required by Lender ceases to be available from the mnrtgage insiacr that previously providcYl such <br /> insurance and Borrower was required to make separately designated paymcnls toward Ihe premiums for Morlgage <br /> Insurance, Borrowcr shall pay lhe prcmiums required to obt�in coverage substantially equivalcnl lu lhe Mortgage <br /> NEBRASKA—Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT-MERS paMegKF�jR��il6 <br /> Form 3028 1l01 Page 7 of 15 www.dxmagiccom <br />
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