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201107507
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10/7/2011 4:10:42 PM
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10/7/2011 4:10:42 PM
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DEEDS
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201107507
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201�075�� <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 aze not sufficient to repair or restore the Property, <br />Bonower is not relieved of Bortower's obligation for the completion of such repair or restoration. <br />Lender or its agent may make reasonable entries upon and inspections of the Properly. If it has reasonable <br />cause, Lender ma.y inspect the interior of the improvements on the Property. Lender shall give Bonower <br />norice at the time of or prior to such an interior inspection sp�ifying such reasonable cause. <br />8. Borrower's Loan Application. Bonower shall be in default if, during the Loan application process, <br />Bonower or any persons or enrities acting at the dir�tion of Borrower or with Bonower's knowledge or <br />consent gave materially false, misleading, or inaccurate information 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, representarions concerning Borrower's occupancy of the Property as Bonower's principal <br />residence. <br />9. Protection of Lender's Interest in the Property and Rights Under this Secur'rty Instrument. If (a) <br />Bonower fails to perform the covenants and agr�ments contained in this Security Instivment, (b) there is a <br />legal procceding that might significantly affeat Lender's interest in the Property and/or rights under this <br />Security Instrument (such as a proce�ding in bankruptcy, probate, for condemnarion or forfeiture, for <br />enforcement of a lien which may attain priority over this Se,curity Instiument or to enforce laws or <br />regulations), or (c) Bonower has abandoned the Property, then Lender may do and pay for whatever is <br />reasonable or appropriate to prot�t Lender's interest in the Properiy and rights under this Security <br />Instavment, including protecting and/or assessing the value of the Property, and securing and/or repairing <br />the Property. Lender's actions can include, but aze 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 prot�t its interest in the Properly and/or rights under this Security Instrument, including its secured <br />position in a bankruptcy procceding. Securing the Properly includes, but is not limited to, entering the <br />Properiy to make repairs, change locks, replace or boazd up doors and windows, drain water from pipes, <br />eliminate building or other code violations or dangerous conditions, and have utilities 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 agreefl that Lender incurs no liability for not taking any or all actions <br />authorized under this Section 9. <br />Any amounts disbursed by Lender under this Section 9 shall b�ome additional debt of Bonower secured by <br />this Security Instrument. These amounts shall bear interest at the Note rate from the date of disbursement <br />and shall be payable, with such interest, upon notice from Lender to Bonower requesting payment. <br />If this Security Instrument is on a leasehold, Bonower shall comply with all the provisions of the lease. If <br />Bonower acquires fee title to the Property, the leasehold and the f� title shall not merge unless Lender <br />agrees to the merger in writing. <br />10. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan, Borrower <br />sha11 pay the premiums required to maintain the Mortgage Insurance in eff�t. If, for any reason, the <br />Mortgage Insurance covera,ge required by Lender ceases to be available from the mortgage insurer that <br />previously provided such insurance and Bonower was required to make sepazately designated payments <br />toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to obtain coverage <br />substantially equivalent to the Mortgage Insurance previously in effect, at a cost substanrially equivalent to <br />the cost to Bonower of the Mortgage Insurance previously in effe,ct, from an alternate mortgage insurer <br />sele.cted by Lender. If substantially equivalent Mortgage Insurance coverage is not available, Borrower shall <br />NEBRASKA-Single Femily-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />VMP � <br />Wolters Kluwer Financial Services <br />Form 3028 7 /01 <br />VMPBINE) (1106) <br />Page 8 of 17 <br />
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