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201208396
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201208396
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Last modified
7/20/2017 9:55:40 AM
Creation date
10/10/2012 8:56:53 AM
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DEEDS
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201208396
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201208396 <br /> for the repairs and res[oration in a single payment or in a series of progress payments as the work is <br /> completed. If the insurance or condemnation proceeds aze not sufficient to repair or restore the Property, <br /> Borrower is not relieved of Borrower's obligation for the wmpletion of such repair or res[oration. <br /> Lznder 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 Bonower <br /> notice at the pme of or prior to such an interior inspection specifying such reasonable cause. <br /> 8. Borrower's Laan Application. Borrower shall be in default if, during the Loan application process, <br /> Borrower or any persons or entities acting at the direction of Bonower or with Borrower's lmowledge or <br /> consent gave materially false, misleading, or inaccurate information or sta[ements to Lender(or failed to <br /> provide Lender with material information) in connection with the Loan. Material representa[ions include, but <br /> are not lunited to, represemaTions conceming Borrower's occupancy of the Property as Botrower's principal <br /> residence. <br /> 9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. If(a) <br /> Borrower fails to perform the covenanrs and agreements comained in this Security Instrument, (6)there is a <br /> legal proceeding that migh[ significantly affect I.ender's in[erest in[he Property and/or rights under this <br /> Se�uriry Instrumern(such as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for <br /> enforcement of a lien which may attain priority over[his Securiry Instrument or to enforce laws or <br /> regulations), or(c) Bonower has abandoned the Property, then L,ender may do and pay for whatever is <br /> reasonable or appropriate to protect Lender's interest in the Property and rights under this Security <br /> Instrument, including pro[ecting and/or assessing the value of the Property, and securing and/or repauing <br /> the Property. Lender's actions can include, but are not limited to: (a)paying any sums secwed by a lien <br /> which has prioriry over[his Securiry Instrument; (6)appearing in court; and(c)paying reasonable attorneys' <br /> fces to protect its interest in the Property and/or rights under this Security Instrument, including its secured <br /> position in a banlmiptcy procceding. Securing the Property includes, but is not limited to, entering the <br /> Property to make repairs, change locks, replace or boazd 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 I.ender may take action under this Section 9, Lender does not have to do so and is not under any <br /> dury or obligation to do so. It is agreed thaz Lender incurs no liability for not taking any or all actions <br /> authorized under this Section 9. <br /> Any amoun[s disbursed by Lender under this Section 9 shall become addi[ional debt of Borrower secured by <br /> this Security Instrument. These amounts shall bear in[eres[at the Note rate from the date of disbursement <br /> and shall be payable, with such interest, upon notice from Lender to Bonower requesting payment. <br /> If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease. If <br /> Bonower 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 /> 10. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of malang the Loan, Borrower <br /> shall pay the premiums required to maintain the Mortgage Insurance in effect. If, for any reason, the <br /> Mortgage Insurance eoverage required by L.ender ceases[0 6e available from the mortgage insurer that <br /> previously provided such insurance and Borrower was required[o make sepaza[ely designated paymen[s <br /> toward the premiums for Mortgage Insurance, Bonower shall pay the premiums required to obtain coverage <br /> suhstantially equivalen[[o the Mortgage Insurance previously in efFect, at a cost substantially equivalent to <br /> the cost to Borrower of the Mortgage Insurance previously in effec[, from an altemate mortgage insurer <br /> selected by L.ender. If substantially eq�ivalent Mortgage Insurance coverage is not available, Borrower shall <br /> NEBRASKA-Sinqle Famity-Fannie Mae/Freddie Mac UNIFORM INSTPUMENT Form 3028 1/01 <br /> VMP� VMPB(NE)�11051.00 <br /> Wolters Kluwer Financial Services Page 8 of 1� <br />
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