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201508264
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Last modified
7/21/2017 2:07:44 PM
Creation date
12/7/2015 9:45:06 AM
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DEEDS
Inst Number
201508264
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2� 15�82�4 <br /> for the repa�rs and res�oration in a sing��pa�ment or in a ser�es of pr�gress payments a� the work is <br /> �omp�e�ed. �f�he�nsuranc�or c�nd�m�nat�an proc�ed�are n��suff��ient�o repa�r or restor�the Pr�perty, <br /> Borrnwer i�not r�lzev�d af Borraw�r's ob��gatzon for�he�amp�etifln of such repair or r�st�ration. <br /> Lender or�ts ag�n�may ma.ke reasona��e entr�es upon and inspecti�ns af the Propert�. If�t has reas�nable <br /> cause, Lender may �nspect�he interior of�he impravements on�he Pr�per�y. Lender shail give Barrawer <br /> no����a�the time of�r prior to such an interi�r�nspec�ion spe�ifying such reasonab�e cause. <br /> �. Borrower's Laan App��cation. Borrower shall be in default if, dur�ng th�Laan applicat�on process, <br /> Borr�wer or any persans or entities acting at the direction of Barrower or wi�h B�rrow�r's know�edge ar <br /> c�nsent�a�e materially fa�se, mxslead�ng, or�naccurate informa�ion or statements�o Lend�r�or failed�a <br /> pr�v�de Lender w�th rnat�r�ai �nformat��n} �n cannectian with�he Laan. Materia� representations include, but <br /> ar�not �imited to, represen�a�ions�oncerning Borrower's occupancy of the Proper�y as Borrower's principal <br /> residence. <br /> 9. Prate�tion �f Lender's Interest in the Prope�ty and Rights Under this Secur�ty Instrument. �f�a} <br /> B�rrower fa��s to perf�rm the covenants and a�r�ements contained in this S�curity �nstrument, �b} there is a <br /> Iega�proceeding that might signi�can�ly affect Lender's �nteres�in the Proper��r andlor r��hts under�his <br /> Se�uri�y Ins�rumen� �su�h as a procee�ing in bankrup�cy, pro�ate, for condemnation or forfe�tur�, for <br /> enfarcement of a�ien wh��h ma� at�a�n priority o�er�his Security �nstrum�n��r��enforc�laws or <br /> regu�at�ons}, ar�c} Barr�wer has a�andoned the Pr�perty, �h�n Lend�r may�o an�pa� far�vhate��r is <br /> reasonab�e or appropriate ta pro�e�t Lender`� �nterest in the Praperty and rights under�h�s Secur�ty <br /> �nstrumen�, including protecting andlar assessing the�a�ue�f the Pr�perty, and secur�ng a.ndlnr repa�r�ng <br /> t�ae Proper��. Lender's actions�an include, but are not limi�ed�o: �a}pay�ng any sums secured by a I�en <br /> v�hich has priority ov�r this Security Instrumen�; �b} appearing in cour�; and �c}paying rea�anable attorneys' <br /> fee� �a protec� �ts in�er�st�n the Proper�y andlor rights under th�s Secur��y Instrument, inc�uding its secured <br /> posi�ian in a bankrup�cy pr�ceeding. Secur�ng�he Property �ncludes, bu� is n�t l�mited to, en�ering�he <br /> Proper��to make�repa�rs, change�Qcks, rep�ace or board up d�or� and windows, dra�n water fram pipes, <br /> e�zm�na�e bu��d�ng or other eod�vzo�at�ans or dang�rous c�nd�tions, and have uti����es turned on or aff. <br /> A�thaugh Lender may take action und�r�his Sec�i�n 9, Lender daes no�ha�e�o do so and�s not under any <br /> duty or obligation to do sa. It is agr�ed that Lender in�urs no l�ab����y for no��aking ar�y or al� actians <br /> authorized und�r this Se�t�on 9. <br /> Any amounts d��burs�d b� Lender under�h�s S�ctifln 9 shal�be�ome addit�ona� debt of Bnrr�wer s��ur��by <br /> th�s Secur��y �nstrum�en�. T`hese am�unts sha�l bear intere�t a� the N�t�rate fram.th�dat�af disburs�ment <br /> and sha�� be payable, w�th such interes�, up�n natice from L�nder t� Barrower reque�ting payment. <br /> If this Security Instrument is�n a leasehold, BorroWer shall comply w�th all the pro�isions of the lease. If <br /> Borrower acqu�res fe�title�o the Property, the�easeh��d and the fee title shall no�merge uniess Lender <br /> a�rees t�the merger�n urri�ing. <br /> 1�. N�vrtgage �nsurance. If Lender r�quire� M�rtgage Insurance as a conditi�n of making the Loan, Borrow�r <br /> shall pay the premiurns required to maintain th�Mor�gag�Insurance�n e�fect. If, far any reasan, the <br /> M�rtgag� �nsurance co�erage required by L�n��r ceases to be a�ailable�rom�he m�rtgag�insurer�hat <br /> prev�ousl�pro��ded such insurance and Bnrr�wer�vas requ�r�d to make separate�y deszgnated payamen�s <br /> to�vard the prem.iums for Mortga�e�nsurance, Borr�wer shall pay the prem,�um�required to obtain coverage <br /> substant�all� equi�alent ta �he Mor�gage Insurance previously in eff�c�, at a Cost subs�antially equivalent to <br /> the co�t to Borra�ver nf the Martgage Insurance pre�iously in effec�, from an alternate mar�gag�insurer <br /> se�ected by Lender. If substantia��y equ��a�ent Mnrtgage Insurance co�erage is nat a�aiiable, Borrower shall <br /> NEBRASKA-Singl�Family-Fanr�ie Mael�reddi�Ma�UNIFqRM lNSTRUMENT For�n 3428 11Q7 <br /> VMP� VMPS{NEf i�3�2Z <br /> Walters Kiuwer FinanGial 5�r�ices Page 8 af i 7 <br />
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