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201504548
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Last modified
7/21/2017 2:55:53 AM
Creation date
7/7/2015 2:25:06 PM
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DEEDS
Inst Number
201504548
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r <br /> _ ��15�4545 <br /> . . <br /> or not Borrower is residing in the Pr�perty, Borrower sha11 maintain the Praperiy in ord�r tv prevent the Praperty <br /> from deteriarating �r decreasing in �alue due to its canditi�n. Un�ess it is determined pursuant to 5ection 5 that <br /> repair ar restoratian is not e�onomically feasible, Bvrrower shall promptly repair the Property if damaged to a�vid <br /> fi.�rther d�terioration or damage. If insurance ar condernna�ion proceeds are paid in connection with darnage to, or <br /> the taking af,the Praperty,Borrower shall be resp�nsible f�r repairing or rest�ring the Property on�y if Lender has <br /> released proceeds for such purposes. Lend�r may disburse pro�eeds for the repairs and restarati�n in a si.ngle <br /> payment or in a series of pragress payments as the w�rk is completed. If the insuranc�or condemnation proceeds <br /> are not suff cient �a repair or r�stare the Property, Barr�wer is not relieved of Barrower's ohligation for the <br /> compl�tion of such repair or restaration. <br /> Lender or its agent may make reasonabl�entries upon and�nspectians of the Property. �f it has reasonahle <br /> cause,Lender may inspect th�inter�ar of the irnpro��men�s on the Fraperty. Lcnder shall gi�e Borrower notice at <br /> the time of or prior to such an interior inspection specifying such reasona�le cause. <br /> S. Barrower's Lvan Appti�ation. Borr�w�r sha11 b�in default if,during the Loan application process, <br /> Barrower or any persons or entities acting at the direction af B�rrower ar with Borrower's knowledge or consent <br /> ga�e materially false, rnisleading, or inaccurate informatian ar statements #� Lender �or failed ta provide L�nder ' <br /> with rnaterial informativn� in connection with the Loan. Materia� representations include,but are not limited t�, <br /> repres�ntatians��nc�rning Borrower's o�cupan�y of the Property as Borrawer's principal residenc�. <br /> 9. Prnteetion of Lender's Interest in the Prnper#y and R�ghts Under this 5ecurity Instrumeat, If <br /> �a�Borrower fails tv perform the co�enants and agreements contained in this 5ecurity Instrument,�b�there is a legal <br /> proceeding that might �ignificantly a�'ect L�nder's interest in #he Property andlor rights under this S�curity <br /> Instrument(such a.s a praceedin� in bar�kruptcy,pr�hate, for candemnation or f�rfeiture, for enforcement of a lien <br /> which may attain priority a�er this S�curity Instrument or to enfurce laws vr regulations}, or ���Borrower has <br /> aband�n�d the Praperty,then I�ender may dv arid pay f�r whatever is reasonable or appmpriate t�protect Lender's <br /> interest in the Praperty and ri�hts under this Secwrity Instrument, including protecting andlor ass�ssing the�alu�af <br /> the Praperty, and securing an�lor repairing the Property. Lender's actions can include, but are nat �imited to: <br /> �a�paying any sums secured hy a Iien which has priority a�er this S�Gurity Instn�ment;�}appearing Yn caurt;and <br /> {c}paying reasonabte attorn�ys' fees ta protect its interest in the Property andlor rights under this Secwrity <br /> Instrument, including its secured pasitivn in a barikruptcy praceeding. Securing the Fmperty inctudes,but is n�t <br /> limited to,enterin�the Property to make repairs,ch�nge Io�ks,rep�ace or�vard up doors and windows,drain water <br /> fram pipes,eli.minate building�r other cade vi�lations or dangeraus conditi�ns,and ha�e utiiities tumed on or off. ' <br /> Al�hough Lender may take action under ihis Section 9,L�nd�r does not have tv do 5o and is not under any duty or <br /> obligatian to d❑sv. It is agr�ed that L�nder incurs no�ia�ility for not taking any ar all actions authorized under this <br /> 5ecti�n 9. <br /> Any am�unts disbursed hy Lender under this 5ectian 9 shall bec�me additianal debt of Borrower secur�d <br /> �y this 5ecurity Instrument. These amaunts shall bear interest at the Nate rate frorn the date of disbwrsement and <br /> shali be payable,with such interest,upvn notice from Lender to Borr�wer requ�sting payment. <br /> If this Security Instrumen�is on a leas�h�td,Borrawer sha11 camply with all the pr��isions�f the lease. If <br /> Barrower a�quires fee title to the Property,the leaseho�d and the fee title sha�l nat merge unless Lender agrees to the <br /> merger in writtng. <br /> lU. Mar#gage In5Lir'dI1CC. If Lender required Martgage Insurance as a condition of making the Loan, <br /> Barrower shall pay the premiums requir�d t� main�ain #he M�rtgag� �n5uran�e ix� effect. If, fur any reason, the <br /> Mortgage Insurance coverage requir�d by Lender c�ases ta b�a�ailable from the mortgage insurer that pre�iausly <br /> pro�ided such insurance and Barrower was required to make separately designated payments toward the premiums <br /> for Mortgag��nsurance}Borrower sha1l pay the premiurns re�uired to obtain co��rage�uhstantiatly equivalent t�the <br /> M�rtgage Insurance pre�iously in effect,at a cost substantially equi�alent to th�cast to Barrower of the Mortgage <br /> Inswance pre�iausly in effect, from an altemate mortgage insurer 5elected b� Lender. �f su�sta.ntially equi�atent <br /> M�rtgage Inswrance caverage is not a�ailable,Borrower sha11 cantinue to pay ta Lender the amount af the separately <br /> designated payments that were due wh�n the insurance coverage ceas�d to be in effect. Lender witl aecept,use and <br /> retain these payments as a non-refundable loss reserye in Iieu of Mortgage Insw-ance. Such lass reserve shall be <br /> Nebrasks De�d�fTrust�tngle FamiZy—Fannie MaelFredd��Mac Un�form Instrurnent F�rm 3U?.S 11�1 <br /> MERS Modified <br /> The Cvmplian�e Souree,Inr. Page 7 af 14 Modifed by Compliance Sourec 1d3�1NE�SI00 Re�.Odll3 <br /> www.�ompIianccsource.com ' ��O�D-2013,Tbe C�mptiaeee Sour�e,Inc. <br /> � 4 2 'i — 2 ❑ ❑ � '1 2 3 � <br /> . <br />
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