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201107752
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201107752
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Last modified
3/7/2012 11:06:50 AM
Creation date
10/17/2011 3:16:34 PM
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DEEDS
Inst Number
201107752
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201107752 <br /> fe�r the repairs vid restoration in a sivglc paymenti or in a series o�P�ro�rces paymenCs as tfie worl< is <br /> completeci. lf the insurance or cnndemn�lion�roceeds are not suPficienc w re�air or restiore the Property, <br /> Borrawer is noC relicved of I3orrower's abligation Por Lhc compleGon of'such repair or restoration. <br /> Lender or its agcnt may ma1ce reasonable antiies upon and inspections of the Yroperty. if it has rensonable <br /> cause, Lender u�ay inspeof Cha ii�tcrior of the improvements on Ehc Property. Lender shall give i3on�ower <br /> notiicc at tlie tiine of or peiar to snch an int'orior fl�specCion specifying such rcasonable cause. <br /> F3. BofroWeY's Loan AppllCation. Boirower shall ba in default if, during Ehe Loan application process, <br /> Borrower or nuy persons or entities activg at tlie direction of Borxo�vor or wifli Borrower'e la�owlc dge or <br /> conseilt gave inatarially falae, misleading, or inac;curate information or al'afemcn�,v to Iender(or failed fo <br /> pxovide Leiidcr with material information) in coiiuection with tlie T,oau. Material reprenenTations inelude, but <br /> are uot limiYed to, represenla.6ion6 concerning Borrower's oecupaney c�f Uie ProperCy as IIorrower's principal <br /> residence. <br /> 9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. lf(a) <br /> Borrower fails to perf'orni the covenants nnci agrccmcnts conCained in this Security Inst�umant, (b) there is a <br /> lagal proceeding that might significa�itly af'Pect Lendex's intcrest in fhe Pi�operty�nd/or rights titnder this <br /> Security Instrtmlent(snch as a proceeding in banlcntptcy,prob2le, for condemnation or far�feiture, for <br /> cnforce�nent of a lien which m�y attain pi4oritq over this Security Instr�unenC or to enfarce lawa or <br /> regnlations), or (c) Borxower has abandoned the Property, flien Lender may do�nnd pay for wlia�tever ie <br /> renson�ble or appropriate to protieoti Lender's interest in tho Property and rights under thia Suc�uity <br /> Instrument, including protecUng and/or assessing� the value of Cha Yroperty, and securing and/or repairing <br /> the Property. Lender's acrions oau inclnde, btiit are not liiniCed to: (�)paying any stiuns secured by a lien <br /> which has priority over tihis Sectirity&2atruinenC; (6) appearing in cotu't; �.nd (c) pnying reasousble attomays' <br /> Pees to ptolect ils intcrest iu the ProperCy and/or xights imder Chis Seourity Instiriunent, inclnclnig its securcd <br /> position in a banlauptoy proceeding, Secttring Ihe Property inclndes, but is not li�nited ko, eutering Lhe <br /> Property to make ra�nirs, cl�ange loclas, replaco or board up doors end windows, drain water fi�om pipes, <br /> elintivate building ar oGher code violfluons or d�ngerous conditious, aud l�ave utilities tumed on or off. <br /> Althongh Lender niay take action tiinder this Section 9, Lender does not have to do so and ie not unciar�nny <br /> ciuty or obligauon eo do so. It iF agroed that T,ender incurs no liahility for not 6a1<ing any or nll aetions <br /> autliorized under Lhie Seotiov 9. <br /> Any amonn�s disUureed by Lender under this 5eoHon 9 shall Uecome addiYional debC oP 13orrowot secnred Uy <br /> this Security uistrument. 'fhcsc amounts shall beer intereat af fhe Note rate froin the date of disburecmcnC <br /> and shall be paya�ble, witli suoh interest, upon notice �&�oin Lender to Bon�o�ver requestnig payment. <br /> If 6his Sccurity I�istnunent is on a leasehold,Borrower sha11 comply wi�li all the provisions of the lease. If <br /> Borrower acquires fce tiUe ko tlie Property, tlie leaaehold and the fee tiCle shall not merge iuile�s Le�ide�� <br /> 2grees to tlie meiger in wrifing. <br /> 10. M ortgage Insurance, If Lender reqiiired Mortgage Insuravce ns a conditiou of malcin�Uie Loui,Borrower <br /> shall pay the premnmis reqtured to maintni�i flia i�lortgage Tneurance in efPect I�, Por any reason, the <br /> Mortgage Insuranec covcrage required by Lender ceases uo be availabie from the mortgnge inst�ror t7iat <br /> previously pmvidecl suoh insurance at�d T3orrower was required to mal<e se�arately designated paymen[e <br /> toward tl�e pramimns fnr Mortgage Insm�avice, Bon'ower eliall pay Ehe premiimie rcqnired Co obtain eoverage <br /> substantinlly cq��ivala�t to t�ie Mortg�age Insuranoe previously in effect, at n cost snbsLUilially equivalenC co <br /> tlie aost to Borrower oP Che Mc>rtgage insnrance previously in ePfect, fron� zui alCerAiate mortgnge ius�irer <br /> sc lected Uy Zender. If auUstantinlly aq�iivalent MorG�age Insuruice covernge ie not availaUle,Borrower shall <br /> 2311fl1 <br /> NEBRASKA-Single Femlly�Fennie MaslFretlJle Mao ONIFORM INSTAUMENI' Form 3�20 1701 <br /> VMP� VMI'G(NE)(1106) <br /> W�Itars Kluwer Finencial Servicas Page e of 17 <br />
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