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201608662
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Last modified
7/28/2017 1:16:25 PM
Creation date
12/23/2016 9:23:01 AM
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DEEDS
Inst Number
201608662
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2� 1 ��8��2 <br /> for the r�pazrs and res��ra�xon in a singie paymen� ar�n a��r��s of pr�gr�ss payments as �he work�s <br /> compieted. �f the�nsuran�e or condemnat�on procee�s are not suff�c�en��a repa�r�r res�are�he Pr�per�y, <br /> B�rrower�s nn�reliev�d af Borrow�r's obligat��n f�r the compl�t�nn af such repair flr res��ration. <br /> Lender�r�ts ag�nt may mak�r�asonab���ntries upon and�nsp�ctions�f�he Property. �f it has reas�nab�e <br /> cause, Lender may inspec�the interior of the impr�vements on the Proper�y. Lender sha��g�ve Borrawer <br /> n�tic�at the�ime of or pr��r�a such an interior inspect�an spec�fy�ng such reasonab�e cause. <br /> 8. Borr�wer's L�an Appli�at�an, B�rrawer shall be�n default if, during the Loan applicatian process, <br /> Borrower ar any persons or en�ities ac�ing at�he direc�ion of Barro�er or with Borraw�r's knowledge or <br /> cansent gave materia�ly fals�, mi��eading, or inac�ura�e information flr statements�o L�nder�or fai�ed to <br /> provide Lend�r with mat�r�a1 informa�i�n} �n c�nnec�inn wi�h�he L�an. Mater�a� represen�at��ns �nc�ude, but <br /> are n�t�imi�ed ta, representat�ons concerning Borrau�er's oc�upanc�of�he Proper��as Borrower's principal <br /> residence. <br /> 9� Protectifln vf Lende�'s Interest in the Prvperty and F�ig�ts Under this Security �nstrument. �f�a} <br /> Borrawer fails t�perform the c��enants and agreemen�s��ntain�d in this Se�urit� �nstrument, �b} there�s a <br /> Iegal proceeding that might s�gni�can��y affeCt Lender`s interest in the Proper�y andlor r�gh�s under th�s <br /> Security�ns�rument�such as a prnceeding zn bankrup�cy, pr�ba�e, for condemnat�on or forfeiture, f�r <br /> enforcemen�of a��en which may a��a�n pr�ori�y ov�r��ais Secur�ty �nstrum�nt or�o enforce laws ar <br /> regu�ations}, or�c} Borra�ver has a�andoned�h�Propert�r, th�n L�nder may da and pa� far whatever is <br /> r�asonable ar appropriate to prot�ct Lender's int�re�t in the Pr�p�r�y and rights under this S��ur��y <br /> �ns�rum�nt, �n��uding protec�ing andlor a�s�ssing the valu��f the Pr�per�y, and s��ur�ng andlar r�pairing <br /> th�Property. Lender'� act�ons can�nc�ude, bu�are nat���rnzted to: �a}paying an�r sums s��ured�y a�ien <br /> wh�ch has prior���r over�h�s Se�ur�ty �nstrun�en�; �b} appearing in c�ur�; and �c}paying rea�onable attorne�s' <br /> fees to pratect its interes�in the Pr�perty andlor rights under this Securi�y Instrumen�, inc�uding its secured <br /> p�si��on in a bankruptcy pro�eeding. Securing the Praperty inc�udes, but is not Iim��ed �o, ent�ring the <br /> Praper�y�a make repairs, change lacks, replace or baard up daars and windovvs, drain water from p�pes, <br /> eliminate building ar�ther cod��iola�ions or dangerous condi�ians, and have utilities turned on tir off. <br /> Although L�nder may take actian under�his S�c�ion 9, Lender daes no�have to do s� and zs not und�r any <br /> duty�r ob�i�atzQn�o do sa. �� is agreed�hat Lender�ncurs na��ab���ty for na�tak�ng any�r a�� ac�ions <br /> author��ed und�r�h�s Sect��n 9. <br /> Any amounts disbur�ed by Lend�r under this S�ct��n 9 �hall become addzti�na� deb�af Borrow�r secur�d by <br /> this S��urity �nstrurnen�. The��amoun�s sha�� bear int�r�st at the Note rate fr�m�he da�e of d�sbursement <br /> and shal�be payab�e, w��h su�h�nter�st, upo�a notice fr�m Lender t� Bnrrawer r�quest�n�paymen�. <br /> �f�his Secur�ty �n��rument is on a�easeh��d, Borrower�hall comply wi�h all the pro�is�ans af the leas�. �f <br /> B�rrawer acquires fee tit�e ta the Pr�perty s the�easehald a.nd the fee ti�Ie shall not merge unless Lender <br /> agrees to the merger in writing. <br /> '1�. Mortgage lnsurance. �f Lender required M�r�gage �nsurance as a cnnd���on of makin�th� Loan, Barrower <br /> sha��pay the premiums requ�red�o main�a�n the Mor�gage�nsuran�e�n effect. �f, for any reasan, the <br /> N��r�gag��nsurance cov�rage requ�red by Lender ceases to�e avaitabl�from�he mor�gage in�urer that <br /> pr�viausly provi�ed such insuran�e and Barrower was requ�re�to make s�parate�� designated payments <br /> to�vard the premiums f�r M�r�gage�nsurance, Barrower sha��pay�h�premi.ums r�qu�red to abta�n coverage <br /> su�s�antia��y�qu�vaien� t�the Martgage Insuran�e pre�ri�usly in effec�, at a cnst�ubs�antialiy equi�alent to <br /> the�ost to Barrower of the N��rtgage�nsurance pr��iausl� in effect, frorn an al�ernate m�r�gage insurer <br /> selected by Lender. �f substantially equ��alent Mo�gage Insurance co�erage is nat ava�labie, Borrower shall <br /> N�BRASKA-Singte Family-�annie MaelFr�ddie Mac UN►FC]RM 3N5TRlfM�NT Form 3428 11�1 <br /> VMP� VMPfi�N��t13Q2� <br /> W�Iters Kfuwer Financ�al Ser�ices Page 8 af 17 <br />
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