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201406166
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Last modified
7/20/2017 8:57:19 PM
Creation date
9/29/2014 9:24:17 AM
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DEEDS
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201406166
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��14��1�� <br /> for th�repairs and r�storatian in a sing�e pa�rnent or�n a series of progress payments as the work is <br /> �ompleted. If the insurance or�ondemnat�on prflceeds are n�t suff�cient to repair�r r�store th�Pr�perty, <br /> Borroti�er is na�re�i�ved of Bflrr�wer's obl�gatzon far the camp�etian of such repair or restora��an. <br /> L�nder or i�s agent may m.ake reasanab�e�n�ries upon and inspections�f�he Prop�rty. If it has reasonable <br /> �ause, Lend�r may i�spect�he�n��r��r of�he�mprovements an�he Proper�y. Lender shall give Borrower <br /> notiGe at�he tim�of or prior to such an �n�er�or�nspecti�n specifying such reasonable cause. <br /> 8. B�rrower's Loan Application. Borrawer shai�b�in defau�t�f, dur�ng�he L�an appli�ati�n prflG�ss, <br /> Borrower�r any pers�ns or entities acting at the directian of Barrawer ar with Barrov�ver's kn�w�edge�r <br /> consent gave ma�er�a��y false, misleading, or inaccurate informatian or statements to L�nder��r fa��ed to <br /> pro�ide Lend�r w�th ma�eria� �nformation� in��nnec�ion with the Loan. Materia� repres�ntati�ns inc�ude, but <br /> ar�not limited to, repr�senta��ons conc�rn�ng Borrower's o�:cupancy of the Praperty as Barr�vver's princ�pal <br /> resid�nce. <br /> 9. Protection of Lender's �nterest in the Prnperty and R�ghts Under th�s S�curity �nstrument. �f�a} <br /> Borrower fai�s to perfflrm the cavenants an�agr�ements contained in th�s Securit� �nstrument, �b�there�s a <br /> �egal proceeding that m�gh�sxgnificant�y affec� L�nder's in��res� in the Praper�y andlar rig�a�s under this <br /> S�curity Instrum�n� �such as a proceed�ng �n bankruptcy, probate, for candemnation or forfeiture, for <br /> �nfor�ement of a�ien�hich may atta�n prior��y over this Secur�ty �ns�rumen�or t��nfarce lau�s or <br /> r�gulations}, or�c} B�rrower has abandoned th�Proper�y, then Lender may do and pay for wha�e�er is <br /> reasanab�e or appr�pr�a�e to prote�t Lender's interest�n��.e Proper�y and r�ghts under this Security <br /> �nstrument, inc�udzng pra�ec��ng andlor assessing the�a�ue of the Propert�r, and securing andlor repa�ring <br /> the Praper�y. Lender's ac��ons can�nc�ude, but are na�Iimited t�: �a}paying any sums secured�y a�zen <br /> whi�h has priority over�h�s Secur�ty�nstrurnen�; �b} appearing in��ur�; and �c}pay�ng reasonabl�att�rn�ys' <br /> fees to protect i�s �nterest in the Prop�r�y andlor rxgh�s under this Secur��y �nstrum�nt, inciuding its secured <br /> posi�i�n�n a�ankruptGy proceeding. Securing �he Praper��r �ne�ud�s, but �s nat��m�ted�o, entering th� <br /> Property to make repairs, �hange Iacks, replace ar board up doars and vv�ndaws, dra�n wa��r fram p�pes, <br /> e�im�nate�u��ding or other code vio�ations or dangerous condi�i�n�, and have util����s turned on�r�ff. <br /> A��hough Lender may take acti�n under this Sectian�, Lender does not have to dfl so and �s n�t under any <br /> duty or�b��gation�o�o so. ��is agreed that L�nder�ncurs no liabili�y for not taking any or all actions <br /> auth�riz��i under this S�ct�on 9. <br /> Any am�un�s disburse�.by Lender und�r this Sec�zon 9 sha�1 become additinna�debt af Borrower secured by <br /> �h�s S�cur�ty �n�trum�n�. Thes�amount� �hali bear �n�er�st at the Note ra�e from the date of d�sbursemen� <br /> an� �ha��be payab�e, wxth such interest, upon natzc�from Lender�o Borrower reques�ing pa�men�. <br /> �f this �ecurity �nstrum�nt �s on a��aseh�id, B�rrou�er shall c�mply with al� the pra�r�szons nf the�ease. �f <br /> Borro�er acquires fee�it�e to the Pr�pert�r, the l�as�h�ld and the fe�title shall nat merge un�ess Lender <br /> agrees�o the merger in wri�ing. <br /> ��. Martgage �nsurance. If Lender required Mor�gage�nsurance as a cond�t�on of mak�ng the Laan, Borrower <br /> shall pay the premiums r�quired ta ma�n�ain the Mortgag��nsurance�n effect. �f, fnr any r�asan, th� <br /> Mor��a�e�nsurance coverag�r�quired by Lender ceases to be available from�he mar�gag��nsurer�ha� <br /> pre��ous��pr�vided such znsurance and Borrow�r u�as requ�red to make�eparate�y designated paymen�s <br /> �award the premiums for N�or�gage�nsurance, Borrawer shal�pa�the premiums required to abtain coverage <br /> substantiall�equi�alent to the Mort�age�nsurance previously in�ffect, at a cos�substantially equival�nt to <br /> the c�st t�Borrower of the Mor�gage�zasuranc�pre��ously zn effect, from an alternate mar�gage insurer <br /> select�d�y L�nder. �f subs�antia�ly�qui�al�nt Mor�gage�nsurance co�rerage�s not ava�lable, Borr�wer sha�� <br /> NEBRASICA-Single Family-�annie Mael�reddie Mac llNI�aRM INSTRUMENT Fqrm 3�28�1�� <br /> VMP Q VMPfitN���1302� <br /> Wolters Kl�wer Financial Ser�ices Page 8 af i 7 <br />
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