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201605214
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Last modified
7/24/2017 3:00:51 PM
Creation date
8/12/2016 8:53:53 AM
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DEEDS
Inst Number
201605214
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2� 1 ��5214 <br /> for�he repairs and res�arat�an in a sing�e payment or in a ser�es of progress payments as the vv�r�is <br /> completed. �f the insurance or c�ndemnation pr�ceeds ar�no�sufficient�o repa�r or restore�he Praper��r, <br /> B�rrawer is nat re�ieW�d of Borr�wer's ob�xgati�n f�r the c�mp�eti�n af such repair or restoratzon. <br /> Lender or ��s ag�n�may make r�as�nable en�ries upon and �nsp�cti�ns af the Pr�p�rty. If��has reasonab�e <br /> cause, Lend�r may inspe�t the interior of th�impravem�n�s an the Proper�y. Lender shail gi�e Borr�v�er <br /> na�zce a��h��ime of ar pr�or�o such an�nterior insp�c�ian specifying su�h rea�onab�e cause. <br /> 8, Borrnwer's Laan Appiication. Barrower shal�be in�iefau�t�f, during the Loan app�i�at�on process, <br /> Barrower�r any gersons�r enti�ies acting at th�d�r��ti�n of Barrower or vv�th Borro�er's knawledg�nr <br /> cansent gav�mater�a�l� fa�se, mislead�ng, or�na�curate infarmat�nn nr s�a�ements to Lender�ar fax�ed to <br /> pra�v�de Lender w�th material znfarma�ion} in conn�ctian w�th the L�an. Ma�eria� representations znclude, �u� <br /> ar�n�t��mi�ed�o, represen�at��ns cnncerning Borro�v�r's��cupancy flf the Praperty as Barrower's principal <br /> resid�nce. <br /> 9. Pratecti�n of Lender'� Interest �n the P�np�rty and Rights Under this Secu�ity �nstrument. If�a} <br /> Barrower fai�s to perform the covenants and agre�ments con�ained in this Securit��ns�rument, �b}th�r��s a <br /> �ega� proceed�ng that�rn�g��szgnifican��y aff�c� L�nder's interes� �n th�Fr�perty andlor r�ghts und�r th�s <br /> Securz�� Ins�runle���su�h as a proceeding �n bankruptcy, proba�e, for condemnation ar forfe�ture, for <br /> enforcemen�of a���n which may at�ain priorzty ��ver this Secur��y �nstrumen�ar ta enfarce�aws or <br /> regu�at�ans}, or�c}Borrow�r has abandoned the Property, then Lender may��and pay f�r whatever�s <br /> reas�nab�e or apprapr�ate��prote��Lender's �nt�rest in the Praperty and rights under this Security <br /> I�strum�n�, inc�ud�ng�r�te�ting andlor assessing the�a�ue af the Property, and s�curing andlor repairing <br /> �he Proper�y. Lender's act�ons can includ�, bu�are nat�xm�.ted to: ta}paying an�r sums secured�y a�i�n <br /> wh�ch has pr�ority over�h�s Se�urity Instrument; �b� appearing in court; and ��}paying reas�nable attorn�ys' <br /> fe�s�o pro�ect xts interes��n th�Proper�y andlor r�ghts under�h�s Se�ur�ty �ns�rumen�, �nc�uding �ts secured <br /> posi��on in a bankruptc�proce�ding. Securing�he Praperty inc�udes, but i� not�im.ited t�, enter�ng�h� <br /> Pr�perty ta mak�repairs, chang�locks, rep�ace ar baard up doors and�indows, drain wa��r from p�pes, <br /> eliminate building or other code v�olatians or danger�us conditions, and have utili�ies turned on�r off. <br /> A��h�ugh Lend�r may take actian under�his Sect�on 9, Lender does nat ha�e to do so and is not un�er any <br /> duty or obl�gati�n�o da so. It is agreed that Lender xncurs no lia�ility for no��aking ar�y or all actions <br /> au�hor�z�d under�his Se�t�on 9. <br /> Any am�unts disburs�d by Lender under th�s Section 9 shall became additional debt of Borrflvver secured�y <br /> this 5ecuri�y Ins�rum�nt. Th�s�am�un�s sha��bear interest at the Note ra�e from the date af disbursement <br /> and sha�� be payable, w�th such �nteres�, upon not�ce from Lend�r t� Borr�wer reques�ing pa�ment. <br /> �f th�s Securi�y �nstrument�s �n a leaseho�d, Borro�ver sha�� comp�y wi�h al� the provisions of�he lease. If <br /> Barrow�r acquzres fee title to th�Proper��, th�l�asehold and�h� fee tit�e sha��n�t merge unless Lender <br /> agre�s�a �h�m�rger in writing. <br /> '1�. Mortgage Insurance. If Lender r�quir�d Mortgage Insurance as a candi�ion of making�he Loan, Borrow�r <br /> shall pay�he premiums requ�red to maintain�he N��r�gage Ynsurance in eff�ct. If, for any reason, the <br /> Mor�gag��nsuranc�co�erage required by Lender ceases t�be available from�he martgag� �nsurer that <br /> previous��pro�ided such fnsuranc� and Borrower was required to make separa��ly designated payments <br /> to�vard�he premiums for Mortgage Insuran��, Borrawer sha�� pay the premiums required to ab�a�n co�rerage <br /> substan�ially equi�alen��o th�Martgage Ir�surance previous�y in effe�t, at a c�st su�stant�a���r equ�va��n��o <br /> the cost ta Borrnvv�r of the M�r�gag�Insurance pre�iausly in effec�, from an alter�ra.a��mar�gage�nsurer <br /> s��ected by Len��r. �f subs�ant�ally equival�nt Mortgag� �nsurance c�verage is not a�rai�ab��, Barrawer sha�� <br /> NEBRASKA-Single Family-�annie MaelFr�ddie Mac UN�FQRM INSTRUMENT Farm 3�28 11�1 <br /> VMP� VMPfitN�]t13Q2f <br /> Wo�ters K[uwer Financial Ser�ices Pag�8 af 17 <br />
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