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201608071
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Last modified
7/28/2017 10:15:15 AM
Creation date
12/2/2016 9:07:19 AM
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DEEDS
Inst Number
201608071
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2� 1 ��8�71 <br /> f�r�he repairs and restflra�ion in a single paymen�ar in a s�rzes af progr�ss payment�as the work is <br /> c�mpleted. If the �nsurance or c�ndemnatian pr�ce�ds are n��suff�c�ent to repair ar r�stor�the Proper�y, <br /> B�rraw�r is not re�ieved of B�rr�vver's�b1�ga���n for�he��mp�et�an af such repaxr or restorat�an. <br /> Lender�r�ts ag�nt may make reasonable entries up�n and inspections of t�ze Property. �f�t has reasanable <br /> cause, Lender may �nspeC�th��n�erinr�f�he impro�ements on the Prop�r�y. Lender shall give B�rra�ver <br /> natice a��he�ime of or pr�or to suGh an interi�r��spect�on specify�ng such r�asonabi�cause. <br /> 8, Sarrower's Laan Appl�catifln. Borrower shal�be in defau�t if, dur�ng the Loan appl�Ga�ian process, <br /> Borrovv�r Qr an�persans ar ent���es ac��ng at th�direct��n of�arrov�er or w�th Borravv�r'�kno�vled�e ar <br /> consent ga�r�materia�i� false, m�s��adzng, flr inaccurate informat�on�r statements to Lender�or fa��ed to <br /> provid�Lend�r w��h mater�al informat�on} �n connection vv��h the Loan. h�ateria�represen�a�xans �nclud�, but <br /> are n�t�im�ited�o, r�presentati�ns concern�ng Borraw�r's occupancy of the Pr�per��as Borrov��r's pr�ricipa� <br /> res idence. <br /> 9. Pr�tection of Lender's Interest in the Pr�p�rty and Rights Under this Se�urity Instrument, �f�a} <br /> Borr���r fails�o perform�he covenan�s and agre�m�nts contain�d in�his Securzty Instrument, �b} �here�s a <br /> �egal proceeding that might signif��ant�y affect Lender's �nt�rest�n the Property andlor r�gh�s under�h�s <br /> Securxt� �nstrument �such as a p�r�ceed�ng �n�anl�ruptcy, prabate, for Condemna�ion or forfeiture, for <br /> enforcemen�Qf a�ien�vhich may at�a�n pr�or�ty over�his S�curity�nstrumen�or to enfor�� la�vs or <br /> r�guia�ians), or��} Borro�ver has abandoned�he Proper��r, �hen L�nder may d� and pay for vvha�e�er is <br /> reasanab�e or appropriate�o pro�ect Lender's interest�n the Property and r�ghts under�his Secur�ty <br /> Instrum�nt, including pro�ec�ing andlar assessing��e va�u�of�he Proper�y, and se�uring andlflr repairing <br /> the Property. Lender's actions�an include, but are na��imi�ed�a: ta}paying any sums s��ured by a�ien <br /> which has priority aver this Security �nstrum�nt; �b} appear�ng in cour�; and ��}paying reasonable a�torneys' <br /> fees ta protect its interest in the Proper�� andlor r�ghts un�er�h�s Securxty �ns�rumen�, �nc�udxng its secured <br /> pasitian in a bankruptcy proce�ding. Secur�ng the proper�y �nc�udes, but i� no��imi.�ed�o, entering th� <br /> Proper�y ta�ake r�pairs, change�ocks, replace�r board up do�rs and windows, drain wa�er from pipes, <br /> e�xmana�e�uiiding or other code v�o�a�ians or da.�zgcrous c�ndition�, and hav�ut�l�ties�urned on or�ff, <br /> A��haugh L�nder may take act�on under this SeCtion 9, L�nder does n�t have ta do so and �s not under an�r <br /> du��or ob�igatxon t�do so. �t is agr�ed�ha�Lender incurs no �iab����y for nat ta�ing any or a�� act�ons , <br /> auth�rized under rh�s Se���an 9. <br /> Any amounts disbur�ed.by Lender under this Section 9 sha�l become additiona�debt of Borr�wer se�ured by <br /> th�s Secur�t� Ins�rument. These am�unts�ha��bear interest at the N�te rat�from the date�f disburs�men� <br /> and sha�� be payable, vvith such int�res�, up�n�t�ti��from Lend�r ta Bor�ow�r requesting paymen�. <br /> �f�his Se�ur�ty �nstrument�s an a��asehold, Barrovcrer sha�� c�mply w�th a�� �he prov�s�flns�f��e lease. If <br /> Barrower ac�u�res fe���t�e t� the Property, the�easeho�d and the f�e�it�e sha��not m�rge unless Lender <br /> agr��s ta �he merger in wr�tzng. <br /> 'I�. Mart�a�e �nsurance. �f Lender requ�red Mor�gag�Insurance as a condi�ian af mak�ng the Loan, Borrower <br /> shal�pay th�pr�miums require��o main�ain the N�or�gage �nsurance in effect. If, for any reason, the <br /> Martgage Xnsuran�e coverag�r�qu�r�d by Lender�eases t�be avai�able from the mor�gage insurer that <br /> prev�ous�y pr�v�ded such insurarz�e and Borr�wer was requ�red�o make separat�ly d�signa�ed payments <br /> �oward�he prem�.ums f�r Mortgage�nsuranc�, Borrflwer shal�pay�he premiums required tfl obtain co�erage <br /> substantia�Iy equ��a�ent ta the M�rtgag��nsurance prev��usly�n�ffec�, a� a�os�substan�iall�equiva�ent to <br /> th�cost to B�rrower of the Mar�gage �nsurance pre�iously �n�ffe��, frflm an alternate mor�gage insurer <br /> se�ect�d by Lender. Zf substan�ially equ��a�ent Mortgage �nsurance co�erage is not avai�able, Borr��ver sha�� <br /> NEBRASKA-SingIe�amily-Fannie Mael�reddie Mac UNI��RM INSTRUMENT Fvrm 3Q28�101 <br /> VMP p VMP6�N���1302y <br /> Wo�ters Kluwer Finar�cial 5er�€ces Page 8 of 17 <br />
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