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201401342
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Last modified
7/20/2017 10:27:43 AM
Creation date
3/11/2014 9:07:35 AM
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DEEDS
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201401342
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. • 201401342 <br /> 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, <br /> damage or impairthe Property, allowthe Property to deteriorate or commitwaste on the Property. Whether or not <br /> Borrower is residing in the Properiy, Borrower shall maintain the Property in order to prevent the Properiy from <br /> deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that repair <br /> or restoration is not economically feasible, Borrower shall promptly repair the Properiy if damaged to avoid <br /> further deterioration or damage. If insurance or condemnation proceeds are paid in connection with damage to, <br /> or the taking of,ihe Property, Borrower shall be responsible for repairing or restoring the Property only if Lender <br /> has released proceeds for such purposes. Lender may disburse proceeds for the repairs and restoration in a <br /> single payment or in a series of progress payments as the work is completed. If the insurance or condemnation <br /> proceeds are not sufficient to repair or restore the Property, Borrower is not relieved of Borrower's obligation for <br /> 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 notice at <br /> the time of or prior to such an interior inspection specifying such reasonable cause. <br /> 8. Borrower's Loan AppliCation. Borrower shall be in default if,during the Loan application process, Borrower <br /> or any persons or entities acting at the direction of Bo�rower or with Borrower's knowledge or consent gave <br /> materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with <br /> material information) in connection with the Loan.Material representations include, but are not limited to, <br /> representations concerning Borrower's occupancy of the Property as Borrower's principal 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 covenants and agreements contained in this Security Instrument, (b)there is a legal <br /> proceeding that might significantly affect Lender's interest in the Property and/or rights under this Security <br /> Instrument (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for enforcement of a <br /> lien which may attain prioriTy over this Security Instrument or to enforce laws or regulations), or(c)Borrower has <br /> abandoned the Property, then Lender may do and pay for whatever is reasonable or appropriate to protect <br /> Lender's interest in the Property and rights under this Security Instrument, including protecting and/or assessing <br /> the value of the Properiy, and securing and/or repairing the Property. Lender's actions can include, but are not <br /> limited to: (a)paying any sums secured by a lien which has priority over this Security Instrument; (b)appearing <br /> in court; and (c)paying reasonable attorneys' fees to protect its interest in the Property and/or rights under this <br /> Security Instrument, including its secured position in a bankruptcy proceeding. Securing the Property includes, <br /> but is not limited to, entering the Property to make repairs, change locks, replace or board up doors and <br /> windows, drain water from pipes, eliminate building or other code violations or dangerous conditions, and have <br /> utilities turned on or off.Although Lender may take action under this Section 9,Lender does not have to do so <br /> and is not under any duty or obligation to do so. It is agreed that Lender incurs no liability for not taking any or <br /> all actions 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 tl�e Note rate fi•om the date of disbursement and <br /> 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 all the provisions of the lease. If <br /> Borrower acquires fee title to the Property, the leasehold and the fee title shall not merge unless Lender agrees to <br /> the merger in writing. <br /> NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/Ot <br /> �p� VMP6(N� (1302).00 <br /> Wolters Kluwer Financial Services Page 7 of 15 <br /> I IIIIII IIIII IIIII IIIII IIIIIII IIII IIII�IIII IIIII IIIII IIIII IIIII IIIII IIII IIII <br /> OOOONE9894786 <br />
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