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201507867
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Last modified
7/21/2017 1:51:08 PM
Creation date
11/16/2015 10:07:44 AM
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DEEDS
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201507867
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2� 15�78�7 <br /> for�he repairs and res�oration zn a s�ngle payment or�n a ser�es of pr�gr�ss payments as th�wor�is <br /> comp�eted. �f the insurance or c�nd�mr�.at�on pro�eeds are n�t sufficient to repair or r�s�or��he Prager�y, <br /> Borrovver�s not re�ieved af Borrawer's o���ga��an for th�completian�f such repa�r ar r�storation. <br /> Lender ar its agen�ma�make reasanab�e�ntr�es upon and inspectians of�he Property. �f zt has reasonabl� <br /> caus�, Lend�r may �nspec�the int�rior of th� xmpro�ements on the Prop�rty. L��zder sha�� g�ve Borrower <br /> no��ce at the time of or prior�o such an xnter��r�nsp�ction spe�ify�ng such reasonable cause. <br /> �. Bvrrvwer`s Lnan Applica�i�n. Borr�wer shal�be in d�faul� if, dur�ng the Loan applicat��n pr�cess, <br /> Bnrrow�r�r any pers�ns or entities act�ng a��he d��ection of Barrawer or with Borrower's knowledge�r <br /> cnnsent ga�e ma�er�al�y fa��e, mis�eading, or�naccura�e informat�on ar statements to Lender�ar failed ta <br /> provide Lender with m�at�ria� inf�rmat�on} �n cannec�ifln with the Loan. Ma�erial representa�ions include, but <br /> are not�imi�ed to, represen�a�ions�oncernzng Barr�vver's occupancy of the Proper�y as Barrower's principal <br /> res�dence. <br /> 9. Prote�tian of Lender's Interest in the Property and Rights Under this Secur�ty lnstrum�nt. �f�a} <br /> B�rrower fai�s�o perf�rm the covenan�s and agreements conta�ne�in th�s Security Instrurnent, �b}�here�s a <br /> �ega�proce�d�ng �hat m�ght s�gnificant�y aff�ct Lend�r's �nt�r�st�n th�Pr�perty an�ilar rzghts under thzs <br /> Securit� �ns�ruxnen��suc�a as a proc�eding �n bankruptc�, pr��at�, for c�nd�mnation or forfei�ure, far <br /> enfarcem��n�af a�x�n which may attain priarity o�er this Secur��y�nstrumen�ar�o enf�r�e laws or <br /> r�gulatians}, ar�c} B�rrovver has abandoned the Praper�y, then Lender may do and pay fflr whatever is <br /> reasonab�e�r apprflpriate to prat�c� Lend�r's inter�st�n�he Property and rights under th�s Security <br /> Instrument, includzng prot�cting andlor assessing t�e value of the Prop�rty, and s�cur�ng andl�r repairing <br /> �he Proper��r. Lender's actions can�nc�ude, but are no�limited�a: �a}paying an�sums secured by a�ien <br /> which has pr�arity o�er this S�cur�ty�ns�rumen�; �b} appearing in court; and�c}paying reasonable attorneys' <br /> fees tn protect i�s interes�xn th�Pr�p�rty andlor r�ghts und�r�his 5ecurity Instrument, including its s�cured <br /> pos��zon�n a bankruptcy pro�eeding. Secur�ng the Praper�y�nc�udes, but is not l�mit�d ta, entering the <br /> Proper�y to mal�e repairs, change��cks, r�pla���r�oard up daors and�vind�vcrs, dra�n�va�er from p�pes, <br /> elimina�e bu��d�ng or other cade v�o�a�i�r�s or dangerous cond�t�ons, and ha�e u������es turned on or off. <br /> Alth�ugh Lender may�ake actian und�r�his �ectiar�9, Lender does nflt have t��io so and �s nflt under any <br /> duty�r�bli�a�ion ta do so. I�is agreed that L�nd�r xncurs na 1�ability for not taking any or a�l ac�i�ns <br /> auth�r�zed under this Sec��on 9. <br /> Any amaunts disbur��d by Lender ur�der this Se���on 9 shall�ecom�a�ditional d�b��f B�rrnw�r secured by <br /> this Securi�y �ns�rument. These amounts shall bear inter�s�at the N�te rate from the da��af d�sbursemen� <br /> and shall be pa�a��e, w�th such zn�erest, upon no�ice from L�nder to Bnrraw�r reque�tzng paym�n�. <br /> If this Security Instru.ment is on a��aseh�Id, Borrower shall camply wi�h al�the prflvis�ons�f the�eas�. If <br /> Borrower acquires fee t�t�e ta �he Prop�r�y, the�easehn�d and the fee title shall not merge un.less Lender <br /> agrees to the rnerger in wr���ng. <br /> 14. Mortgage lnsurance. �f Len�er requ�red Mortgage�nsurance as a condition of making the Loan, Borrow�r <br /> sha��pay the premiums requ�red ta main�azn the Mortga�e�nsurance in effect. �f, f�r any reason, the <br /> Mor�gage�nsurance coverage required b� L�nder ceases�o be available from the mortgage insurer�ha� <br /> prev�aus�y prov�ded such in�uranG�and Borrower v�as required to make separa�ely designated payments <br /> toward the premiums fflr Mor�gage Insurance, Borr�w�r sha�i pay�h�premzums required to obtain c�verag� <br /> subs�an��al�y equivalent t��he Mort�ag��nsuran�e pre���us�y in effect, at a cos�substan�ia�l�equival�nt to <br /> the cfls��o Borrower of the Mor�gage�nsuraz�.ce prew�ously zn effect, from an alternate martgage insurer <br /> se�ected b� Lender. If substan�ially equ��a�ent M�r�gage �nsurance caverage is n��ava��ab�e, Borrower shall <br /> NEBRASKA-5ingle�amity-Fannie MaelFrsddie Mac UN[�ORM INSTRiJM�NT �orm�428 11a1 <br /> VMP� VMPfi4NE)�1342f <br /> W�iters Kluwer Financia�Ser�ices Pag�8 of 17 <br />
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