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201207936
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Last modified
10/10/2012 10:19:21 AM
Creation date
9/24/2012 3:05:43 PM
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DEEDS
Inst Number
201207936
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�0�20�93� <br />for the repairs and restoration in a single payment or in a series of progress payments as the work is <br />completed, ff the �n�*�nce or condemnation proceeds aze not suff'icient 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, Lender may inspect the interior of the improvements on the Property. Lender shall give Borrower <br />nodce at the time of or prior to such an interior inspection specifying such reasonable cause. <br />8. Borrower's Loan Application. Borrower shall hE in default if, during the Loan applicationprocess, <br />Borrower or any persDns or entities acting at the direction of Borrower or with Borrower's knowledge or <br />consent gave materially false, misleading, or inaccurate informa.tion or sta.tements to Lender (or failed to <br />provide Lender with material information) in connection with the Loan. Material representa.tions include, but <br />are not limited to, representations concerning Borrower's occupancy of the Property as Borrower's principal <br />residence. <br />9. Protection of Lender`s Interest in the Property end Rights Under this Security Instrument. ff(a) <br />Borrower fails to perform the covenants and agreements contained in this Security Instrument, (b) there is a <br />legal proceeding that might significantly affect Lender's interest in the Properiy and/or rights under this <br />Security Instrum.ent (such as a proceeding in banla�uptcy, probate, for wndemnation or forfeiture, for <br />enforcement of a lien which may attain priority over this Security Instrument or to enforce laws or <br />regutations), or (c) Bonower has abandoned the Progerty, then Lender ma.y do and pay for wha.tever is <br />reasnnable or appropriate to protect Lender's interest in the Properiy and rigb.ts under this Security <br />Instrument, including protecting and/or assessing the value of the Property, and securing andlor repairing <br />the Progerty. Lender's actions can include, but are not limited to: (a) paying any sums secured by a Iien <br />which has priority over this Security Instrument; (b) appearing in court; and (c) paying reasonable attorneys' <br />fees to protect its interest in the Property and/or rights under this Secuziry Instrament, including its secured <br />position in a bankruptcy proceeding. Securing the Property includes, but is not limited to, entering the <br />Properry to make repairs, change locks, replace or board up doors and windows, drain water from pipes, <br />eliminate building or other code violations or dangerous conditions, and have utilities turned on or off. <br />Although Lender may take action under this 5ection 9, Lender does not have to do so and is not under any <br />duty or obligation to do so. It is agreed that Lender incurs no liability for not taking any or all actions <br />authorized under this Section 9. <br />Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower secured by <br />this Security Instrument. These amounts shall bear interest at the Note rate from the daxe of disbursement <br />and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment. <br />If this Security Instrument is on a leasehold, Borrower shall comply with a11 the provisions of the lease. If <br />Borrower acquires fee tifle to the Property, the leasehold and the fee tide shall not merge unless Lender <br />agrees to the merger in writing. <br />10. Mortgage Insurance. If Lender required Mortgage Tnm�*�� as a condition of making the Loan, Borrower <br />shall pay the premiums required to maintaiu the Mortgage Insurance in effect, ff, for any reason, the <br />Mortgage Inc„ran�p coyerage 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 />toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to obtain coverage <br />substantially equivalent to the Mortgage Tnc„ran� previously in effect, at a cost substantially equivalent to <br />the cost to Borrowez of the Mortgage Insurance previously in effect, from an alternate mortgage insurer <br />selected by Lender. ff substantially equivalent Mortgage Insurance coverage is not available, Bortower shall <br />NEBRASKA-Singla Family-Fannla Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 <br />VMP � VMP6�NE) (7 7061.00 <br />Woltera Kluwer Financial Servfaea Pega 8 of 17 <br />
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