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201207974
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Last modified
9/25/2012 3:08:17 PM
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9/25/2012 3:08:16 PM
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DEEDS
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201207974
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�0120797� <br />for lhe repain end restordtiun in a single payrnent or in n series i�f Prcigress Pa}nnents as the wc�rk is <br />cocnpleted. If tlie insurance or condemliation proceeds are not sufticieiat to rcpair or restore tlie Property, <br />Borrower is not relieved of Borrower's obligation for the couiplekion of such repair or restoration. <br />Lender or its agent may make reasanable entries upon dnd inspectians c�f the Property. If it has reasonable <br />cause, Lender may inspect the interior of the improvements on thc Property. Lender shall give Borrawer <br />notice at the time of or prior to such an interior insp�tion specifying such r�asonable cause.. <br />8. Borrower'sLoanApplieation.Borrower sh�ll lx; in delault if, during rhe Loan application process, <br />Borrower or any persons or entities acting at the direction of Borrower or with Bc>rrower knowledge or <br />consent gave materially false, misleading, or inaccurate information or statcments to Lender (or failed to <br />provi�e Lender with material informationj in connection with the Loan. Material representations include, but <br />are not limiteci to, representations conceming Borrower's occupancy oF the Property as Borrower's principal <br />residence. <br />9. Protectionof Lender'slnterest in the Propertyand RightsUnderthis Security Instrument. If (a) <br />Bortower fails to perform the covenants and a�eements contained in this Security Instrument, (b) there is a <br />legal proceeding that might significaatly affect Lender's interest in the Property and/or rights under this <br />Security lnstrument (such zts a proceeding in bankruptcy, probate, for condenmation or forfeiture, for <br />enforcement of a lien which may attain priority over this Security Instrument or to enforce laws or <br />regulations), or (c) Borrower has abandoned the Property, then Lender may do and pay for whatever is <br />reasonabte or appropriate to protect Lender's interest in the Property and ri�hts under this Security <br />Instrument, including protecting and/or assessing the value of the Property, and sccuring and!or repairing <br />the Property. Lender's acti�ns can include, biit are not limited to: (a) paying any sums secured by a li�n <br />which has priority over this Security instniment; (b) appearing in court; and (c) paying masonable attomeys' <br />' fees to protec:t its interest in the Property and!or rig(�ts under this Security Instrument, including its securecl <br />position in a bankruptcy proceeding. Securing the Property includes, bui is noi limited to, entering the <br />Properly to make repairs, change l�icks, rc;placr ur hndrd up �lu�irs and winduws, dr�in a�alrr Crenn pipes, <br />eliminate building ar other code violatians or dangerous oonditions, a»il l�ave utilities turned an or off. <br />Although Lender may take action under this Section 9, Lender does not have ta do so and is not under any <br />duty or abligation to do so. It is agreed that Lender incur; no liabi(ity tbr not taking any or all actions <br />authorized under this Section 9. <br />Any amounts disbursed by Lender undcr this Section ) shall become additicmal debt c>f Borrower secured by <br />this Security In�trument. These amounts shall bear interest at the Note rate from the date of disbursement <br />and shall be payable, with such interest, upon notice &om Lendcr to Borrowcr r�uestin� payment. <br />If this Security Instnunent is on a leasehold, Bonower shall comply with all the provisions of the lease. If <br />Borrower acquires fee title to the Property, the leasehold and the f'ee title shall not inerge unless Lender <br />agrees to the mer�er in writing. <br />10. Moltgage Insu1'anCe.If Lender required Mortgage Insurance as a cnndition of making the Lnan, Borrower <br />shall pay the prerniums required to maintain the Mo�tgage Insurance in ePfect. If for any reasoa, the <br />Mortgage Insurance coverage required by Lender ce�ases to be available from the mortgage insumx that <br />previously provided snch insurance and Borrower was required to make separately designated payments <br />leiward Lhe Pre;miumti fnr Mcirtgage insur�nce;, Borruw�r shall Pay Ihe premiumti reyuired to nhlain cc>verdge <br />substantially eyuivalent to the Mortgage Iiisurance previously in eFfect, at a cost substautially equivaleut to <br />the cost tc� E3orrower of the Mortgagc Insurancc previously in effect, fi•om an alternate mot1gage insurer <br />selectecl by Len�er. If substantially equivalent Mortgage Insurance coveragc is not available, I3onower shat( <br />NEBRASKA-Single Famiy-Fannie filaelFraddie Mac UN�FORM INSTRUMENT <br />VMP � <br />Wolters Kluwer Financial Services <br />Form 30281/0� <br />VA1P8(NE) ('1105).00 <br />Paae 8 of 17 <br />�l�" . <br />
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