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201107976
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Last modified
12/1/2011 3:02:12 PM
Creation date
10/26/2011 8:44:20 AM
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DEEDS
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201107976
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�U�10797� <br />for the repairs and restoration in a single payment or in a series of progress payments as the work is <br />comple�ed. If the insurance or condemnation proceeds are not sufficient to repair or restore the Property, <br />Borrower is not relieved of Borrower's obligation for the completion of such repair or restoration. <br />Lender or its agent ma.y make reasonable entries upon and inspections of the Property. If it has reasonable <br />cause, Lender may inspect the interior of the improvements on the Property. Lender sha11 give Borrower <br />notice at the time of or prior to such an interior inspection specifying such reasonable cause. <br />8. Borrower's Loan Application. Borrower sha11 be in default if, during the Loan application process, <br />Borrower or any persons or entities acting at the direction of Borrower or with Borrower'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, representations concerning Borrower's occupancy of the Properiy as Bonower's principat <br />residence. <br />9. Protecfion of Lender's Interest in the Properly 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 Instrument (such as a proceeding in bankruptcy, probate, for condemnarion or forfeiture, for <br />enforcement of a lien which may attain priority over this Security Instrument ar to enforce laws or <br />regularions), or (c) Borrower has ab�nfloned the Property, then Lender may do and pay for whatever is <br />reasonable or appropriate to prote,ct L,ender's interest in the Property and rights under this 5ecurity <br />Instrument, including prote.cting and/or assessing the value of the Property, and securing and/or repairing <br />tke Property. Lender's actians 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 />f�s to pmtect its interest in the Property and/or rights under this 5ecu.rity Instrument, including its secured <br />position in a bankruptcy proceeding. Securing the Properiy 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 />eliminate building or other code violations or dangerous condirions, and ha.ve utilities turned on or off. <br />Although Lender may ta.ke action under this Section 9, Lender does not have to do so and is not under any <br />duty or obligarion to do so. It is agreed that Lender incurs no liability for not taking any or all acrions <br />authorized under this Section 9. <br />Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower 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 sha11 comply with all the provisions of the lease. If <br />Borrower acquires fee title to the Property, the leasehold and the fee 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 />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 />previous�y provided such inc��rance and Bonower was required to make separately designated payments <br />towazd the premiums for Mortgage Insurance, Bonower 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 Fam(ly-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1J01 <br />VMP � VMP6(NE) (1105) <br />Wolters Kluwer Financial Services Page 8 of 17 <br />
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