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201108435
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Last modified
12/1/2011 3:04:26 PM
Creation date
11/9/2011 8:32:46 AM
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DEEDS
Inst Number
201108435
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2�11Q��35 <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 su�cient 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 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 Bonower <br />notice at the time of or prior to such an interior inspection specifying such reasonable cause. <br />8. Borrower's Loan Application. Borrower shall be in default if, during the Laan application process, <br />Borrower 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 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 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 Security Instnunent, (b) there is a <br />legat proce�ding that might significantly affect Lender's interest in the Properry and/or rights under this <br />Security Instrument (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for <br />enforcement of a lien which may attain priority over this Security Instniment or to enforce laws or <br />regulations), or (c) Borrower 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 proteeting and/or assessing the value o€ the Froperty, and securing and/or repairing <br />the Property. Lender's acrions can include, but aze not limited to: (a) payiIIg any sums secur�l by a lien <br />which has priority over this Seeurity Instrument; (b) appearing in court; and (c) paying reasonable attorneys' <br />fees to protect its interest in the Property and/or rights under this Security Instrument, including its secured <br />position in a bankruptcy pr�eeciing. Securing the Property includes, but is not limited ta, eittering the <br />Property to make repairs, change locks, replace or board up doors and winctows, drain water fram pipes, <br />etiminate building or other code violations or dangerous conditions, and have utilities turned on or off. <br />Although Lender may take action under this Section 9, L,ender does not have to do so and is not under any <br />duty or obligation to do so. It is agreed that I.ender incnrs no liability for not taking any or all actians <br />authorized under this Section 9. <br />Any amounts disbursed by L.ender under this Section 9 shall become additional debt of Borrower secured by <br />this Securiry Instrument. These amounts shall bear interest at the Note rate from the date of distrursement <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 shall comply with all the provisions of the lease. If <br />Borrower acquires fee ritle to the Property, the leasehold and the fee title shall not merge unless Lender <br />agrees to the merger in writing. <br />10. Mortgage tnsurance. If Lender required Mortgage Insurance as a condition of making the Loan, Borrower <br />shall pay the premiums required to maintain the Mortgage Insuranc,� in effect. If, for any reason, the <br />Mortgage Insurance coverage required by I.ender 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 sha11 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 ihe Mortgage Insurance previously in effect, from an alternate mortgage insurer <br />selected by Lender. If substantially equivatent Mortgage Insurance coverage is not available, Borrower shall <br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />VMP (r� <br />Wolters Kfuwe� Financial Services <br />Form 3028 7l01 <br />VMP6(NE) (i t 05� <br />Page 8 ot 17 <br />,, e M ., 1 i� ` � F.. f ; � ' � <br />t y <br />
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