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201107715
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10/17/2011 9:14:22 AM
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10/17/2011 9:14:22 AM
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DEEDS
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201107715
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�0��077�5 <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 Bonower's obligation for the completion of such repair or restoration. <br />Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable <br />caus�, Lender may 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 specifying such reasonable cause. <br />8. Borrower's Loan Application. Bonower shall be in default if, during the Loan applicarion process, <br />Bonower or any persons or entities acting at the direction of Bonower or with Borrower's knowledge 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, representa,tions 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 Se,curity Instrument, (b) there is a <br />legal proceeding that might significantly affect Lender's interest in the Property and/or rights under this <br />Security Instnunent (such as a proceeding in banl�uptcy, probate, for condemnarion or forfeiture, for <br />enforcement of a lien which may attain priority over this Security Instnunent 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 protect Lender's interest in the Property and rights under this Security <br />Instrument, including protecting and/or assessing the value of the Property, and securing and/or repairing <br />the Property. Lender's actions can include, but are not limited to: (a) paying any sums se.cured by a lien <br />which has priority over this Security Instrument; (b) appeazing in court; and (c) paying reasonable attorneys' <br />fees to prote,ct 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 daors and windows, drain water from pipes, <br />eliminate building or other code violations ar dangemus conditions, and have utilities turned on or off. <br />Although Lender may take acrion under this Section 9, Lender does not ha.ve to do so and is not under any <br />duty or obligation to do sa. It is agreed that Lender incurs no liability for not taking any or all actions <br />authorized under this Se,ction 9. <br />Any amounts disbursed by Lernier under tYus Section 9 shall be,come additional debt of Borrower secured by <br />this Se,curity Instrument. These amounts shall bear interest at the Note rate from the date of disbursement <br />and shall be payable, with such interest, upon norice from Lender to Bonower requesting payment. <br />If this Se,curity Instrument is on a leasehold, Bonower shall comply with all the provisions of the lease. If <br />Bonower acqu.ires fee title to the Property, the leasehold and the fee ritle shall not merge unless Lender <br />agr�s to the merger in writing. <br />10. Mortgage Insurance. If Lender required Mortgage Insu.rance as a condirion of making the Loan, Bonower <br />shall pay the premiums 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 provided such insurance and Borrower was required to make separately 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 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 0 <br />Wolters Kluwer Flnancial Services <br />Form 3028 1/01 <br />VMP6(NE) (1705) <br />Page 8 of 17 <br />i4 , <br />
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