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ti0110894� <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 condemnarion proceeds are not sufficient to repair or restore the Property, <br />Bonower 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 Borrower <br />norice at the time of or prior to such an interior insp�tion specifying such reasonable cause. <br />8. Borrower's Loan Application. Borrower shall be in default if, during the Loan applicarion process, <br />Bonower or any persons or enrities acting at the dire,crion of Borrower or with Borrower's l�owledge or <br />consent gave materially false, misleading, or inaccurate informarion or statements to Lender (or failed to <br />provide Lender with material information) in connecrion with the Loan. Material representations include, but <br />aze not limited to, representarions concerning Borrower's occupancy of the Property as Bonower's principal <br />residence. <br />9. Protection of Lencler's Interest in the Property and Rights Under this Security {nstrument. If (a) <br />Borrower fa.ils to perForm the covenants and agreements contained in this Security Instrument, (b) there is a <br />legal proceeding that might sigmficandy affe,ct Lenrler's interest i� the Property and/or rights under this <br />Security Instrument (such as a proceeding in banktugtcy, prohate, for condemnarion or forfeiture, for <br />enforcement of a lien wluch may attain priority over ttus Se�urity Instrument or to enforce laws or <br />regulations), or (c) Borrower has abandoned the Progerty, then Lender may do and pay for whatever is <br />reasonable or appropriate to protect Lencter's interest in the Property and rights under this Security <br />Instrument, including protecting anc�/or assessing the value of the Pmperty, and securing and/or repairing <br />the Property. Lender's actions can include, but are not limit� ta: (a) paying any sums secured by a lien <br />which has priority over this Security Instrument; (b} appearing in caurt; and (c) paying reasanable attomeys' <br />fees to protect its iuterest in the Property andJor rights under this 5ecurity Instniment, includ.ing its secured <br />posirion in a bankruptcy proceeding. 5ecuring the Property includes, but is not lunited to, entering the <br />Properiy 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 take action under this Section 9, Lender does not have to do so and is not under any <br />duty or obligation to do so. It is agreed that Lender incurs no liability for not taking any or all actions <br />authorized under this Seerion 9. <br />Any amounts disbursed by Lender under this Section 9 shall become addirional debt of Borrower se,cured by <br />this Security Instrument. These amounts shall bear interest at the Note rate from the date of disbursement <br />and sha11 be payable, with such interest, upon norice 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 fe,e title to the Froperty, the leasehold and the f� 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 />sha11 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 Bonower was required to make separately designa.ted 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, Bonower shall <br />NEBRASKA-Single Famlly-Fannle Mee/Freddie Mac UNIFORM INSTRUMENT <br />VMP � <br />Walters Kluwer Financial Services <br />Form 3028 1/O1 <br />VMP6lNE1 (7705) <br />Page 8 of 17 <br />P • � � <br />