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201208591
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10/16/2012 8:52:57 AM
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10/16/2012 8:52:56 AM
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201208591
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201208591 <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 Borrower's obligation for the completion of such repair or restoration. <br />Lender or its agent may make reasonable enixies upon and inspecrions of the Property. If it has reasonable <br />cause, Lender may inspect the interior of the improvements on the Property. Lender shall give Bortower <br />notice at the time of or prior to such an interior inspection specifying such reasonable cause. <br />8. Borl'owe�'sLoanAppllCatlon.Bonower shall be in default if, during the Loan applicationprocess, <br />Borrower or any persons or entiries acting at the direction of Borrower or with Borrower's l�owledge or <br />consent gave materially false, misleading, or inaccurate informarion or statements to Lender (or failed to <br />provide Lender with material information) in connection with the Loan. Material representations include, but <br />ate not limited to, representations concerning Bortower's occupancy of the Property as Bortower's principal <br />residence. <br />9. Protectionof Lende�slnterest in the Prope�tyand RightsUnderthis Security Instrument.If (a) <br />Bortower 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 Property and/or rights under this <br />Security Inshvment (such as a proceeding in bankntptcy, probate, for condemnation 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 Properiy, then Lender 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 />Inslrument, including protecting and/or assessing the value of the Ptoperty, and securing and/or repairing <br />the Property_ Lender's acrions can include, but are not limited to: (a) paying any sums secuted by a lien <br />which has priority over this Security Instniment; (b) appearing in court; and (c} paying reasonable attorneys' <br />fees to protect its interest in the Property and/or rights under this Security Instrument, including its secured <br />position in a bankruptcy proceeding_ Secuting the Property includes, but is not limited to, entering the <br />Property 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 Secrion 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 acrions <br />authorized under this Secrion 9_ <br />Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower secured by <br />this Secutity Inslrument. These amounts shall bear interest at the Note rate &om the date of disbursement <br />and shall be payable, with such interest, upon notice from Lender to Bortower requesting payment. <br />If this Security Instrument is on a leasehold, Borrower shall compiy with all the provisions of the lease_ If <br />Borrower acquires fee tifle to the Property, the leasehold and the fee tifle shall not merge unless Lender <br />agrees to the merger in writing. <br />10. Moltgage Insu�'dnce.If Lender required Mortgage Insuiance as a condition of making the Loan, Borrower <br />shall pay the premiums required to maintain the Mortgage Insurance in effect. If, for any reason, the <br />Mortgage Insurance coverage required by Lender ceases to be available &om the mortgage insurer that <br />previously provided such insurance and Borrower was required to make sepazately designated payments <br />toward the premiums for Mortgage Insuiance, Borrower shall pay the premiums required to obtain coverage <br />substantially equivalent to the Mortgage Insurance previously in effect, at a cost substantially equivalent to <br />the cost to Bortower of the Mortgage Insurance previously in effect, from an alternate morlgage insurer <br />selected by Lender. If substanrially equivalent Mortgage Insurance coverage is not available, Bortower 3hall <br />NEBRASKASingle Family-Fannie MaelFraddie Mac UNIFORM INSTRUMENT Form 30281f01 <br />VMP � VMPB(NE) (1105).00 <br />Wolters Kluwer Financial Sarvicea Paga 8 of 17 <br />
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