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201608552
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Last modified
7/28/2017 1:10:44 PM
Creation date
12/20/2016 8:42:20 AM
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DEEDS
Inst Number
201608552
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2� 1 ��8552 <br /> for th�r�pairs and res�oration in a s�ng�e paymen�ar in a ser��s of progress payments as the work is <br /> compl�ted. �f�he insurance or c�ndemna�ion proceeds ar�not suff�ci�nt to repaxr or r�s�ore the Pr�per�y, <br /> Borrflwer is not rel�eWed of B�rrower's obliga�ion f�r the compl�ti�n of su�h repa�r or r�st�ration. <br /> Lender ar x�s ag�nt may make reasonable en�ri�s upon and inspectians of the Property. Xf xt has reas�nab�� <br /> cause, Lender rnay inspec�the interior of th�impravements�n the Prop�rty. I.,ender shall g�ve Barr�v�ver <br /> notice a�the�ime of ar prior to such an int�rior inspect�an specify�n�such reasnnable cause. <br /> g. Bv�rawer's Laan App��cation. Barr�wer sha�l be in d�fault�f, durzng th�L�an app��cation pracess, <br /> Borrower or an�persons or enti�ies ac��ng at th�direction af Borrower ar wi�h Barrov�er's know��dge or <br /> cansent gav�materia��y fa�se, mislead�ng, or�naccurate inf�rmati�n or s�atem�n�s �a Lend�r�or faz��d ta <br /> prov��e Le�der with materia�. �nf�rma��an} in c�nnection with the Loan. Materia� r�pres�ntations �nc�ude, bu� <br /> are n�t��mit�d �a, repres�nta��ons c�ncer�z�ng Bnrrower's occupancy�f the Praper�y as Borro�aer's prin��pa� <br /> residence. <br /> 9. Protection �f Lender'S )nterest in the Prvperty and R�ghts Under th�s Security �nstrument. If�a} <br /> B�rravv�r fails�o perform�he covenants and agreements conta�ned�n�his Secur�ty Xns�rument, �b} �here is a <br /> legal proceeding�ha�m�igh�s�gnificantly affect Lender's in��rest xn the Pr�per�y andlor righ�s under�his <br /> Security Ins�rum�n� �su�h as a pr�ce�d�n� �n bankruptcy, probate, for condemna��on�r forFe�ture, far <br /> enforcement of a li�n�hich may at�az�n pr�ori��over�h�s Se�uri�y �n��rument or to enforce �av�s or <br /> regu�atians}, or���Barrower has abandoned�he Praper�y, th�n Lender may do and pay for�vhate�er�s <br /> r�asonable or appropriate to protec� Lender's �n�erest in the Property and rights under�his Security <br /> Instrumen�, �ncxudi�g pratecting andlor assess�ng�he�a�ue of the Property, and se�uring andlor repairing <br /> the Froper��. Lender's ac��ans can includ�, but are not lzm��ed tn: �a}pa�ing an�sums secured by a���n <br /> whi�h has priority aver th�s S�curity�nstrument; �b)app�arin��n cour�; and ��}paying r�asonab�e at�arneys' <br /> fees to prat�et�ts interes�in the Praperty andl�r r�gh�s un��r�his Securit�Ins�rument, inc�uding its secured <br /> pas�t�on in a bankruptcy procee�ing. Securzng�h�Pr�perty inciudes, bu��s n��limi�ed to, entering the <br /> Pr�perty ta make repairs, �hange��cks, replace�r board up d�ors and wind�ws, drain water from pipes, <br /> el�minate building or other code W�v�ations or dangerous�ond�tzons, and have ut�lzt�es turned on or off. <br /> Although L�n�er may take ac�ion under this Sect�on 9, Lender d��s n�t have to d� so and �s not under an� <br /> duty�r obl�ga�ion�o do�o. �t is agre�d tha�Lender incurs no�iab���ty f�r nat�aking an��r alI action� <br /> aut�or�zed und�r this Sec�ion 9. <br /> Any amaunts d�sbursed by Lender under�his Se���on 9 sha�l became addi�ional.debt of Borrow�r���ur�d by <br /> �his Secur�ty �nstrurn�.en�. These am�un�s shail bear interes�at the Note ra��from the date of disbur�em�n� <br /> and�ha11 be payable, w��h such in��rest, upon�otice from Lender to Borrower request�ng�aymen�. <br /> �f�his�ecurity �nstrument�s on a leasehold, Borrav�er shall�omp�y wz�h all the pro�isions of�he 1ea�e. �f <br /> Borrower acqu�res f�e t�tl�to�he Property, �he�easeho�d and the fee t�t�e sha11 not merg�unless Lender <br /> agr��s�a the merger in writzng. <br /> ��. N�artgage Insurance. If L�nder requir�d Mor�gage�nsuran�e as a�andi�zon�f ma.l�ing the Loan, Borrower <br /> shall pa�the premiums required�o main�ain the Mor�gage�nsura�c�in eff�ct. �f, for any reasan, �he <br /> M�rtgage�nsurance coverag�required b�Lender c�ases to be awa��able from th�mortgage�nsurer that <br /> pr��vious�y pr�vided such insuran�e and Borrovver was required to make separat�ly d�signa�ed payments <br /> toward the premiums for Mortgage �nsurance, Borr�wer sha�l pay the pr�miums required to obtain coverage <br /> substan�ially equi�alent t� the Mor�gage�nsuranCe pre�ious�y �n effec�, at a cQst subs�an�ia�ly equiva�ent to <br /> the Gos�to Borro�ver nf�he Mor�gage Insurance grevious�y in effect, fr�m an aiternat�mor�gage �nsurer <br /> selected by Lender. If subs�ant�ally equ�valen�N.Car�gag��nsurance coverag��s n�t ava�lable, Borrower sha�1 <br /> NEBRASKA-Single Family-Fannie MaelFreddie Mac UN��aRM INSTRLIMENT Form 3a28�101 <br /> VMP Q VMP6{N�y t13�2} <br /> WQlters Kkuwer Financial S�rvices Page 8 vf�7' <br />
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