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201608072
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Last modified
7/28/2017 10:15:29 AM
Creation date
12/2/2016 9:10:29 AM
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DEEDS
Inst Number
201608072
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2� 1 ��8�72 <br /> for�he r�pairs and restoration in a single payment or in a seri�s of progress payments as the vvork �s <br /> c�mple�ed. If�he�nsuranc�or c�ndemna�ion praceeds are no��uffzc�ent t�repa�r or rest�re the Prop�rty, <br /> B�rrower is na� reliev�d af Borr�wer's obliga�i�n.for th�comp�etion of�u�h repa�r ar restoration. <br /> Lender ar its agent may make reas�nab�e en�ries up�n and inspections�f�he Praper�y. �f�t has reasonab�e <br /> cause, Lender may inspect the�n�er�or af the improv�rnents �n th�Praperty. Lender shai� gi�e Barrau��r <br /> no��ce a�the time�f or pr�or to such an�nter�or�nspect�on specifying such r�asanab�e cause. <br /> S. Borrvwer's L�an Application. Borrovver sha�� be in default if, during the Loan application process, <br /> Borrower�r any persons or entities acting at�he d�rec�ion of Borrow�r�r with Bflrro�er's I�nowledge or <br /> �ons�n�gave ma�eria�ly fa�s�, misleading, ar�naccurate znfflrmatz�n or s�atements to Lender�or fail�d t� <br /> pr��vide Lender wi�h mat�r�a� i�farma�i�n} in c�n�a����on w�th the Loan. Ma�eria� representatia�s �nc�ude, but <br /> ar�nat Iimited to, repre�entatxons conc��ning B�rrower's occupancy of the Proper�y as Borrawe�-'s pr�nc�pai <br /> res�denc�. <br /> 9. Pr�tectivn of Lender's Interest in the Property and Rights Under this S��urity lnstrument. �f(a} <br /> Borrower fai�s to perf�rm�he co�enants and a�r�ements cantain�d in thi� Security �ns�rument, �b} �here is a <br /> �egal pro�eeding that mxght signif�cantly affec�Lender's interest in�he Pr�perty andl�r rights under this <br /> Secur�t� �nstrument�such as a praGe�ding in bankrup�cy, probate, far condemnati�n�r forfeiture, for <br /> enfarcement of a lien which may atta�n pri�rit��ver this S�cur�ty�nstrumen��r to enfnrce lavvs ar <br /> r�gula�ions}, or�c} Borrower has abandone�the Prop�rty, then Lender may do and pay for whate�er zs <br /> r�as�nable vr appropriate�o protect Lender's �n�er�st in the Praperty and r�gh�s under th�s Securi�y <br /> �nstrument, incZud�ng gratec�ing andlor assess�ng the�a�ue af th�Prop�r�y, and se�ur�ng andlor repairing <br /> �he Property. Lender's ac�i�ns can include, but are n��limxted�o: �a}paying any sums s�cured�� a l�en <br /> whic:h has priar�ty o�er this Security �nstrument; tb� app�aring in cour�; and ��}paying reasonab�e a��orneys' <br /> fees to pra�e�t i�s �nterest in th� Froperty andl�r righ�s under this S��uri�y�nstrument, including �ts secured <br /> pos��ion in a bankrup�cy proceeding. Securing �he Property inclu�es, bu�is not l�mited to, entering the <br /> Proper�y to ma�e repaxrs, �hange loc�s, rep�ace or board up doors and w�nd�ws, drain wat�r fr�m pipes, <br /> e�imin���bui�di�g �x ot��������v�ol�t�ans�r dangeraus condi�ions, and ha�e uti��ties�urned�n nr off. <br /> A��hnugh L�nder may take actzfln under thzs Secti�n 9, L�nd�r�i�es nat have�o do sa and is not under azay <br /> duty�r�bl�gation tfl d� sa. �t is agre�d that Lender�ncurs no l�abi�it� for not takzng anx ar a�l actions <br /> auth�r�zed under th�s S�Ctian 9. <br /> An� amoun�s dxsburs�d by Lender under this Section 9 shal�becflm�addx���nai d�bt of B�rrawer s�cured by <br /> th�s Security Ins�rumer�t. Th�se amoun�s shall bear in�erest at the Nate rate fram the date af disbursement <br /> and sha11 be payabl�, vv�th such �n�erest, upon notiCe from L�nder ta Borrower requesting paymen�. <br /> �f�hi�Securi�y Instrum�nt�s�n a l�asehold, Borro�er shal� c�mp�y w��h a�� �he provisions of the lease. �f <br /> B�rrower acquires fee tit�e to the Prap�rty, the �eas�ho�d and the f�e�itle sha�l not merge un��ss Lender <br /> agre�s t�th�merger in wr�ting. <br /> ��. Mortgage Insurance. �f Lender requzred Mortgag�In�urance as a c�ndi��an of mak�ng �he L�an, B�rrower <br /> sha�l pay �he premiums requ�r�d to ma�ntain the Mor�gage Insuran�e in eff�ct. If, for any reas�r�, the <br /> Mortgage�nsurance coverage required by Lender ceases�o be ava��ab�e f��m the m�rtgage insurer�hat <br /> previously pro�tded such insurance and B�rrower was requ�r�d��mak�separat�l�designated pa�ment� <br /> �oward the prem�ums for Mor�gage�nsurar�ce, Barrower sha��pay�he premiums required�o obtaxn coverage <br /> substantial�y�qui�alen� to �he Mortgage�nsurance previously in eff�c�, at a�ost subs�an��a��y equ�Walent to <br /> the cost to Borra�ver af�he Mor�gage �nsurance pre�ious�y in effect, from an alternate mortgage insurer <br /> seiec�ed by Lender, If substant�ally equzvalent Mortgage �nsurance c���rage�s no�avai�ab�e, Borrov�er shal� <br /> NEBRASKA-5inr�fe Family-Fannie Mael�reddie Mac UNIFDRM INSTRUMENT Forrr�3�28 i!01 <br /> VMP� VMPfi�NEf�13Q2y <br /> W�Iters K��wer Financial Services Page 8 of 17 <br />
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