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201107691
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201107691
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Last modified
3/7/2012 11:06:08 AM
Creation date
10/14/2011 2:52:10 PM
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DEEDS
Inst Number
201107691
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201107691 <br /> for the repairs and restoration in a single payment or in a series of pro�ress payments as the*n-ork is <br /> completed. If the insurance or condemnation proceeds are not suf'ficient Lo repair or restore the Properry, <br /> Borsower is not relieved of Borrower's obligation for the comgletion of suc1�repair ar restoration. <br /> Lendex or its agent may make rea�oaable eatries upon and inspectians of the Property.If it has ieasonable <br /> cause, Lender may i��spect the interior of the improvements on the Property. Lender shall give Bortower <br /> notice at the time of or prior to such an interior inspection specifying such reasonable cause. <br /> 8. BO��ower's Loan Application. Borrower shall be in default if, during the Loan application process; <br /> Borrower or any persons or entities actiag at the direcrion of Borrower or with Borrower's knowledge or <br /> consent gave materially false, xnisleading, or ntacctuate informarian or statements to Lendex(ox failed to <br /> provide Lender��th material information) ui connection with the Loan. Material representations include, but <br /> are not limited to, represenTations concerning Borrowei s occupancy of the ProperEy as Boaoiver's principal <br /> residence. <br /> 9. Protection of Lender's Interest in the Property and Rights lJnderthis Security Instrument. Lf(a) <br /> Borrower faiLs to peifoun Yhe covenants aad aereements contained in flus Security Instrument, (b) there is a <br /> legal proceecling that mioht S b�nif canfly affect Lender's inCerest in the Property and/or xi�ts under this <br /> Security Instrument(such as a procecding in banlffuptcy, probate, for cqndemnation or forfeiture. for <br /> enforcement of a lien which may attam priority over this Security Instmment ar to enforce laws or <br /> regulatione), or(c) Sorrower has abandoned fhe ProgexLy, then Lender may do and pay for whatever is <br /> reasonahle or approjrriate to pmtect Lender's interest in Yhe Property and rights under this SecuriTy <br /> Inshvment, inchiding protecting and/or assessing 1he value of rhe Properry, and securing and/or repairing <br /> the Properry. Lendcr's actions can include; but aze nol limited to: (a) paying any sums secured by a lien <br /> wl2ich has priority over tfiis Security Insirument; (b) appearing in court; and(c)paying reasonable attnmeys' <br /> fees to protect its interest in the Properry and/or rights under this Security Instrument, includ'mg its secured <br /> posirion in a Uanluuptcy proceeding. Securing the Property includes, but is not limited to, entering the <br /> Properiy to make repaixs, change locks, replace or board up doors and windows, drain water fiom pipes, <br /> eliminatc hiulding or other code violations or dangerons conditions, and have utilities tumed 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. Il is agreed that Lender incurs no liabilitv for not taking any or ail acrions <br /> airthorized under this Secrio�i 9. <br /> Any amounts di.sbursed by Lender under this Section 9 shall become additional debt of Borro��er secured by <br /> this Security Instri�nent These amounts shall bear interest at the Note iate &om Lhe date of di�tiursement <br /> and shall be payable, with such interest, upon notice from Lender to Bonower requesung payrnent. <br /> If ttus Security Instrument is on a leaschold, Borrower shall comply with all the provisions of the lease. If <br /> Bonower acquires fee tiTle fo the PxOperry, thc Ieasehold and the fee tifle shall nof inerge unless Lender <br /> agees to the merger in writing. <br /> 7 D. Mortgage Insurance. If Lender required Mortgage Iv,urance as a condition of making the Loan,Borrower <br /> shaIl pay the premiums required to maintain the MorYgage In9urazice in effect.I� for any teason, the <br /> Mortgage Insprance coverage required by Lender ceases to be available from tkie mortgage insuiex that <br /> previously provided such insurance and Porro�cer was required to make separately designated payments <br /> toward the premiums for Morcgage Insurancc, Borrower shall pay the premnuns reqnired to obtain coverage <br /> substantially equivalent to the Mortgage Insurance previously in effect, at a cost sabstantially equivalent Co <br /> thc cost to Bonower oP thc Mortgage Iasurance previously in efPect, from an alternate mortgage insurcr <br /> selected by Lender. If substantially equivalent Moriaagc Insurance eoverage is not available,Borrow0r shall <br /> 231185 <br /> NEBRASKASingL=Family-Fannie iNaalFretldie Mac UNIFORM INSTRUP4 ENT Porm 3028 1/01 <br /> VMP� ' VMP6(NEJ(�105J <br /> Welters Kluwer Financial Services Page 8 oi 1� <br />
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