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201503350
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Last modified
7/21/2017 2:28:28 AM
Creation date
5/22/2015 1:18:20 PM
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DEEDS
Inst Number
201503350
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��15�335� <br /> for�he repa�rs and restnrat�on xn a��n��e paym�n� or�n a series of progress payments as the work is <br /> comp�eted. �f�he insuran�e or cnndemnatznn proceeds are no�suf�c�ent to repair or restore�he Praper�y, <br /> Borrower �s no�re��e�e� af Borrower's ob�igat�on for the compietion�f such repair flr restorati�n. <br /> Lender or�ts agent may make reasonab�e en�r�es upon and inspections of the Proper�y. If i�has r�asonab�e <br /> cause, Lender may �nspec�th� �nterior af the zrnpro�emen�s on the Pr�perty. Lender shall give B�rro�ver <br /> natice at the t�rne of or priar to such an interiar inspect�nn specifying su�h reasonabl�caus�. <br /> 8. Barr�wer's Laan App��eati�n. Borrower shall be in defau��if, dur�ng the Lnan applxca�ion process, <br /> Borrower flr any persons or en�i�ies acting at the d�rectian of Borrower flr w��h Borr�wer`s knaw�edge Qr <br /> consent gave ma�erza��y fa�se, m�s��a�ing, or inaccurat�information or sta�em�nts to Lender�or faile�to <br /> pr��ide L�nder with materiai infarmation} in connec��on w��h the Loar�. Materia� r�presen�a�ion� �nc�ude, but <br /> are nat limi�ed to, r�pr�s�nta�ions con�erning Borr�wer's occupancy nf the Proper�y as Borrawer's pr�ncxpa� <br /> r�s�dence. <br /> 9. P�otection of Lender's lntereSt in the Pra�erty and Rights Un�er this Security �nstrument. If�a} <br /> Borr�w�r fails�o p�rform the c�venants and agreennents contained �n th�s Secur�ty �nstrun�en�, �b} th�re �s a <br /> �ega� prnc�edxng�hat m�ght sign�f�cant�y affect Lend�r's in�erest in the Property andlor righ�s under this <br /> �ecurity �ns�rument�such as a praceeding in bankruptey, probate, for condemnat�on�r farfei�ure, for <br /> enfarcement of a lien which may atta�n priority av�r�his Securi�y Instrumen�or to enforce laws or <br /> regulations}, ar�c} Borrawer has abandaned the Propert�, then Lender may dn and pay for whatever is <br /> reasonable nr apprapr�ate to prote�t Lender's �n�eres� �n t�.e Proper�y and r�ghts und�r th�s S��ur�ty <br /> �nstrumen�, �nc�ud�ng pro�ect�ng andlflr assessing�he�alue of�he Proper�y, and securing andlor repairing <br /> �he Property. Lend�r's actions can�nclud�, but are not limi��d��: �a}paying an� surns se�ured by a lien <br /> which has priori�y�v�r this Securi�y Instrum�nt; �b} appear�ng �n court; and �c}pay�ng r�asonab�e attorn�ys' <br /> fees tn pr�t�c� its inter�st in the Prnper�y andlQr r�ghts under th�s Securz�� �n�trumen�, inc�uding its secured <br /> pos���on zn a bankrupt��r prn�e�d�ng. 5ecuring�he Property inc�udes, �ut is nat�imited to, entering the <br /> Property t�make repa�r�, change locks, replace ar board up doars and v�indows, drain wa�er from pipes, <br /> e�iminate build�ng�r other code vi�lations or danger�us condi�ians, and ha�e u�ilities turned on or off. <br /> Al�hough Lend�r may�al�e ac�ion under this Section 9, Lender daes not ha�e to d� s� and xs not under any <br /> du�y or�b�igat�on to do so. �t is agreed that Lender�ncurs no��ab��ity for no��ak�ng any or a�l actzans <br /> au�hor�zed under th�s Sec��on 9. <br /> An� amoun�s disburs�d b� Lender und�r this Section 9 sha��b�come additional debt nf Borrawer se�ured by <br /> �his S�curit� �ns�rum�n�. These amounts sha�l bear in�erest at�he No�e ra��from�he date�f di�bursemen� <br /> and shall be pa�ab�e, with such in�erest, up�n n�t�ce frQm Lender�o Bnrro�ver r��uesting pa�men�. <br /> �f th�s 5ecuri�y �nstrumen�is an a�easehold, Borrower sha�i cornp��w�th all �he provisions�f the�eas�. If <br /> Borrawer acquires fee title��the Pr�p�rty, the leaseh�ld and the fee tit1�shall not merge uniess Lender <br /> agrees to�he m�rger in writing. <br /> �4. Mortgage �nsurance. �f Lender requ�r�d Mtirtgage In�urance as a condit�nn of making th�Loan, Borrawer <br /> sha�� pay the premiums required�a maintain�h�N.��rtgage Insuran�e in�ffe�t, If, f�r any reas�n, the <br /> Mortgage Insurance co�erage requ�red by Lender ceases ta be a�a��ab�e from the mar�gage insurer tha� <br /> prev�ous�y provided �uch znsuranc�and Bnrr�wer was requ�red to make separa�e�y designated paymen�s <br /> toward the pr�m�um�s for Mor�gage Insurance, Borrower sha11 pay the premiums required to�btain co�erage <br /> substantia�l�equivalent�o the Mar�gage Insurance prev��usly in�ffe�t, at a cast substan.tially equi�alent to <br /> the cost ta Barrav�er of the M�r�gage�nsurance prev�ously zn effect, from ar�alterna�e mor�gage insurer <br /> selected b�Lender. �f substantia���equi�vatent Mo�gage�nsurance caverage �s no�ava��able, Barrawer sha�I <br /> NEBRASKA-Single�amiiy-Fannie MaeJ�reddie Mac UNIF�RM INSTftUMENT �arm 3a28 11a1 <br /> VMP� VMPfi�NEi 4�3�2) <br /> Walters Kluwer�inancia!Ser�ices Pac�e 8 0�17 <br />
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