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201605996
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Last modified
7/24/2017 3:28:12 PM
Creation date
9/13/2016 2:40:25 PM
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DEEDS
Inst Number
201605996
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2� 1 ��599� <br /> for�h�repa�rs and restoration �n a singie pa�m�n�or�n a series of prflgress payments as the wark is <br /> compi�ted. �f th��n�uxanc�or condemnation pr��e�ds ar�not sufficient to repa�r or restare�he Prflperty, <br /> Borrower is not re��e�ed o�Borro�v�r's obi�gat�on for the eompletion of such repair or restarat��n, <br /> Lender or��s agent may make rea�anable entries upan and insp�c�ions of the Proper�y. �f it has reasonable <br /> cause, Lender may �nspec�the interi�r af the impr�vements on the Property. L�nder shall g�ve Borrower <br /> na�ice a�th�time of or prior to such an interiar inspection spec�fying such reasonabie cause. <br /> S. Barrower's Laan App��Gat�an. Borrow�r sha�i be in d�fau�t if, during�he Loan appiicatian process, <br /> - Borra�er or any persan� or en�i�ies acting at the direction of Borr�urer ar with Barrower's knowledge or <br /> consen�gave materia�ly false, misleading, ar inaccurate infarmation ar s�at�ments�o Lender��r failed�o <br /> pr�vide L�nder with ma�erial informa�znn} in connection w�th�he Loan. 1V�ateria� representat�flns �nc�ude, but <br /> are no� ��m.k�ed to, representa��ons concern��g Borr��er's occupancy of�h�Prop�rty as B�rro�er's principa� <br /> r�sidence. <br /> 9, Prvtection of Lender's �rtterest in the Property and R�ghts Under this Security Instrument. �f�a} <br />_ Borrower fa��s to p�rform the covenan�s and agreements c�nta�ned in�h�s S�cur�ty �ns�ru�n�nt, �b}�here �s a <br /> �egai proc�edzng that m�gh�s�gni�icantly affect L�nder's int�re�t zn the Property andlor rights und�r this <br /> S�curity Instrument �such as a prac��ding in bankruptcy, probate, fnr condemnation or farfeiture, for <br /> enforcement of a Iier�wh�ch may at�a�n priority over th�s S��ur��y �ns�rument�r ta enfarce�aw�or <br /> R re�u�at�on�}, or �c} Borrow�r has abandoned �he Property, then Lender m�ay do and pay for ti�hat�ver is <br /> reasonab�e ar appropr�ate to pra�e�� Lender's interest in the Property and rights under this Security <br />, Ins�rument, including protec�ing andlor assessin�the va�ue af the Property, and securing andlor repairing <br /> th� Praper�y. L�nder's a�tions can include, �ut are no�Iim�t�d to: �a}paying any sums secured�y a�ien <br />� wh�ch has priority a�er this Securi�y �nstrument; �b} appearing �n court; and �c}pay�ng reasona��e attorneys' <br /> fees to pro�ect z�s interes� �n�h�Propert�r andlor r�bhts und�r th�s S��urity �nstrument3 �nciud�ng �ts se�ur�d <br /> p�sition in a bankruptcy proceed�n�. Secur�ng�he Propert� includes, but is not limited to, �nter�ng the <br /> Proper�� ta make repairs, change lock�, replace ar b�ard up daors and wind��s, drain water�ram pipes, <br /> e��minate bui�diz�g or other c�d�v�ola��ons or dangerous condxt�ans, and have u�ilities �urned�n or�ff, <br /> A��haugh Lender may tak�ac���n under th�s Sect�on�, Lender d�e� nat ha�e�o do s� and is not under any <br /> du�y or�b��gat��n to da sfl. �� �s agr�ed tha� Lender incurs no Iiability for not taking any or a�l acti�n� <br /> authori2ed under this Se�tion 9. <br /> An� amounts disbursed by Lender under this Section 9 shal�becorne additianai debt af B�rrower secured by <br /> th�s Secur�t� �nstrument. These amoun�s shai� �ear interest at�he N��e rate fram�he date of d�sburs�ment <br /> and sha�l be payabie, �vi�h such �nteres�, up�n not��e from Lender to Borro�ver request�ng payment. <br /> If this 5ecurity Ins�rurnen� �s on a��asehold, Barraw�r sha�l comp�y with all th�pr�v�sians of the lease. �f <br /> Borrower acquires fee title to the Property, the�easehn�d and the fee tzt��shal� not merge un�ess Lend�r <br /> agrees ��the rn�rg�r zn writ�ng. <br /> 'I�. Mflrtgage insuran�e. If Lend�r required Mortgage Insuranc�as a c�ndition�f making th�Loan, Borrower <br /> sha�l pa�th�premiums r�quir�d ta maintain the Mortgage �nsurance in eff�ct. �f, for any reason, the <br /> Mor��age�nsurance c��verage requ�red by Lend�r ceases ta be a�a��ab�e from the mor�ga�e �nsurer�hat <br /> prev�ous�y pro��ded such �nsurance and Borrower was requ�re� �o make s�parateiy designated paymen�s <br /> toward �he premiums far Mortgage Insuran�e, Barrawer shali pay the premiums required to obtain coverage <br /> substantia��y equi�alent�o the Mortgage�n�uran��pr�vi�usly �n effe�t, at a cnst substantia�ly equxva�ent to <br /> �he cos�to Borra�ver�f the N�or�gage�nsuranc�pre�r�ous�y in effect, fra�n an alterna�e rnor�gage insurer <br /> se�ec�ed by L�nder. �f substan�ia�ly equi�alen� N�or�gage�nsurance ca�erage is not ava��able, Borro�ver sha�l <br /> NEBRASKA-Singls Famity-Fannie MaelFreddie Mac UNIF�RM 1NSTRUM�NT �orm 3D28 11�1 <br /> VMP[� VMPfifNE�t13Q2j <br /> Wa�ters Kluwer F�nanciat 5er�ices Pag�8 of 17 <br />
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