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201108404
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Last modified
11/7/2011 4:02:36 PM
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11/7/2011 4:02:35 PM
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DEEDS
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201108404
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201108404 <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 Property, <br />Borrower is not relieved of Borrower's abligation 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 />cause, Lender may inspect the interior of the improvements on the Property. Lender shall 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 representarions include, but <br />are not linnited to, representations concerning Borrower'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 Seeurity Instrument. If (a) <br />Borrower fails to perform the covenants and agreements contained in this Security Instnunent, @) there is a <br />legat proceeding that migi�t signi�icantly affect Lender's interest in the Property and/or rights under this <br />Security Instniment (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for <br />enforcement of a lien which may attain prioriry over this Security Instnunent or to enforce laws or <br />regutations), or (c) Borrower has abandoned the Property, then Lender may do and pay for whatever is <br />reasonable or appropriate ta protect Lender's interest in the Property and rights under this Security <br />Instrument, including pmtecting and/or assessing the value of the Property, and securing and/or repairing <br />the Property. Lender's acrions can include, but are not limited to: (a) paying any sums secured by a lien <br />which has priority over this Security Instnunent; (b) appearing in court; actd (c) paying reasonable attorneys' <br />fees to protect its interest in the Property andJor rights under this Secucity Instnunent, including its secvrecl <br />position in a bankruptcy proceeding. Securing the Property includes, hut 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 conditions, and have utilities turned on or off. <br />Although Lender may tat�e action under this Section 9, Lender does not haVe to do so and is not under any <br />duty or obl'rgation to do so. It is agreed that Lender incurs no liability for not taking any or all actions <br />authorized under this Section 9. <br />Any amounts disbursed by I.ender under this Section 9 shall become additionat debt of Borrower secured by <br />this Security Instnunent. These amounts sha11 bear interest at the Note xate fram the date of disbursement <br />and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment. <br />If this Security Instrument is on a leasehold, Borrower sha11 comply with a11 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 Ixnder 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 />previously provided such insurance and Borrower was required to make separately designated payments <br />tQward 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 Bonower 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 />NEBRA5KA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />VMP � <br />Wohers Kluwer Financial Services <br />Form 302$ 1(01 <br />VMP6WE) 11105) <br />Page 8 of 17 <br />►�" # � i3 ,��,; � <br />
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