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201106552
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201106552
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9/2/2011 11:13:11 AM
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9/2/2011 11:13:10 AM
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DEEDS
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201106552
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�0��0�5�2 <br />for the repairs and restoration in a single payment or in a series of progress payments as the work is <br />completed. If the insurance or condemnation proceeds are not sufficient to repair or restore the Properly, <br />Bonower is not relieved of Borrower's obligation for the complerion of such repair or restoration. <br />Lender or its agent may make reasonable entries ugon and inspections of the Property. If it has reasonable <br />cause, Lender may inspect the interior of the improvements on the Property. Lender shall give Borrower <br />notice at the time of or prior to such an interior inspection specifying such reasonahle cause. <br />8. Borrower's Loan Application. Bonower shall be in default if, during the Loan application process, <br />Borrower or any persons or enriries acting at the direction of Borrower or with Bonower's l�owledge or <br />consent gave materially false, misleading, or inaccurate informarion or statements to Lender (or failed to <br />provide Lender with material information) in connection with the Loan. Material representations include, but <br />are not limited to, representations concerning Bonower's occupancy of the Property as Borrower's principal <br />residence. <br />9. Protection of lender's Interest in the Property and Rights Under this Security instrument. If (a) <br />Borrower fails to perform the covenants and agreements contained in this Security Instniment, (b) there is a <br />Iegal proceeding that might significantly affect Lender's interest in the Progerty and/or rights under this <br />Security Instrument (such as a proceeding in banla�uptcy, pmbate, for condemnation or forfeiture, for <br />enforcement of a lien wlrich may attain priority over this 5�urity Instnunent or to enforce laws or <br />regulations), or (c) Borrower has abandoned the Property, then Lender may do and pay for whatever is <br />reasonable or approQriate to protect Lender's interest in the Property and rights uuder this 5ecurity <br />Instrument, including protecting and/or assessing the value of the Property, and securing and/or repairing <br />the Prop�rty. T.ender's actions can include, but are not limited to: (a� paying any sums secured by a lien <br />which has priority over this Security Instrument; (b} appearing in court; and (c) paying reasonable attorneys' <br />fees to protect its interest in the Property and/or rights under this Security Instrument, including its secured <br />position in a bankruptcy proceeding. Securing the Property includes, but is not limited to, entering the <br />Property to make repairs, change locks, replace or board up doors and windows, drain water from pipes, <br />elimuiate building or ottter code violations or dangerous conditions, and have utiliries turned on or off. <br />Although Lender may take action under this Section 9, Lender does not have to do so and is not under any <br />duty or obligation to do so. It is agreed that Lender incurs no liability for not taking any or all actions <br />authorized uuder this Section� 9. <br />Any amounts disbursed by Lender under this 5ection 9 shall become addirianal debt of Borrower secured by <br />this Seeurity Instrument. These amounts sha11 bear interest at the Note rate from the date of disbursement <br />and shall he payable, wittt such interest, upon norice from Lender to Borrower requesting payment. <br />If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease. If <br />Bonower acquires fee ritle to the Property, the leasehold and the fee ritle shall not merge unless Lender <br />agrees to the merger in writing. <br />f � , . <br />10. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan, Borrower <br />shall pay the pretniums required to maintain the Mortgage Insurance in effect. If, for any reason, the <br />Mortgage Insurance coverage required by Lender ceases to be available from the mortgage insurer that <br />previously pmvided such insurance and Borrower was required to make sepazately designated payments <br />towazd the premiums for Mortgage Insurance, Bonower shall pay the premiums required to obtain coverage <br />substanrially equivalent to the Mortgage Insu.rance previously in effect, at a cost substantially equivalent to <br />the cost to Borrower of the Mortgage Insurance previously in effect, from an alternate mortgage insurer <br />selected by Lender. If substantially equivalent Mortgage Insurance coverage is not available, Borrower shall <br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />VMP � <br />Wolters Kluwer Financial Services <br />Form 3028 1/07 <br />VMp6INE) (1105) <br />Page 8 of 17 <br />�s <br />� <br />�� <br />
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