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201109173
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201109173
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Last modified
3/7/2012 11:15:50 AM
Creation date
12/7/2011 12:22:36 PM
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DEEDS
Inst Number
201109173
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201109173 <br /> for the repairs and restoration in�single payment or in a series of progress p�y�nents as tha worlc is <br /> completed, If the insurance or condemnatioii proceecls are not sufficient to repair or restore the Property, <br /> Borrower is not relieved of Borrower's oUligation�or the completion of such repair or restoration. <br /> Le�lder or its agent may malce re�son�ble entries upon and inspectiazis o�the Property. If it has reasonable <br /> cause, Lencier inay illspect the interior of the improveinenls on tlie Property. Lender s11a11 give Borrower <br /> notiee tit the tiLne of'or prior to sltch��z interioi inspection specifying sucli reasonable ca.use. <br /> 8. Borrower's Loan Applieation. Borrower shall Ue in default iF, during tlie Loan application process, <br /> Borrower or Tny persons or entities lcting at the clirection of Borrower or with Borrower's lalowledge or <br /> conseiit gave materially false, ti�isleading, or inaccurate inForrnatioTi or statements to Lendei•(or faile�l�o <br /> provide Lender wi�h inaterial information) in comiection with the Loan. Materia�representations include, but <br /> ara not liinited to, representatioiis concerning Borrower's occu�ancy of the Property as Borrowei•'s priilcipal <br /> residence. <br /> 9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. If(a) <br /> Borrowet• fails to perfornl the covenants lncl agreements cont�inecl in this Security Instrument, (l�) there is a <br /> legal�roceeding t1�at might signi�icantly affect Lender's interest in t1�e PZ•operty a�1d/or rights under this <br /> Security I�lstrument(such as a proceeding in Ual�lcruptcy, problte, for condeirui�.tion or forfeiture, for <br /> enforcement of a lien which rnay�ttain priority over tlus Seciu•ity Itistruinent or to enforce laws or <br /> regulations), or(c)Borrower 11as abandoned tlze Property, then Leilder may do and p�y for whatever is <br /> reasoizable or appropriate tio pi�otecti Lender's interest in the Pro�erty a�id tights undei•tihis Security <br /> Instrument, including protecting an�l/or assessing the v�lue of tlie Property, arzd secur'rng and/or repairing <br /> the Property. Leiider's actions cail include, but ai•e not liiiiite�l to: (a)paying any sums secured by a lien <br /> which has priority over this SeeLtrity Instruinent; (b) appearing in court; and(c)�aying reasona�le attorneys' <br /> fees to protect its interest in the Property and/or righta under this Security Instru�nei�t, including its secured <br /> position in a banlcruptcy proceeciing. Securiiig the Property includes, but is not limited to, entering the <br /> Property to malce repairs, change locics, z•eplace or board up doors ancl windows, dr�in water fi•om pi�es, <br /> eluni�ate buildin�or otlier code violations or dang�rous conditions, and have utilities turiied on or off, <br /> Although Lender inay t�lce action under this Seetion 9, Lender does not have to elo so and is not unciei•aiiy <br /> duty or obligation to do so. It is agreed th�a�t Lender inctzrs no liability£or not talcing a�iy or all actions� <br /> authori�ed under this Section 9. <br /> Any ainounts disbursed by Lencler under this Section 9 shall become additional debt of Borrower secured by <br /> this Se¢tu ity Instrtu7zent. These a�nounts shall Ueas•interest�t tha Note rata fi�om the date of disl�iu•seinent <br /> �nd sI7a11 be payable, with such interest, upon iiotice fi•om Lender to Borrower requesting�ayment. <br /> If this Sectirity Instruinent is on�a leasehold, Bor��ower sha11 comply with all tl�e provisions of the lease. If <br /> Bori•ower acquires fee title to the Property, �he leasellold aud the�ee title sh�11 not mei'ge Li�zless Lender <br /> agrees to the merger in writing. <br /> 10, M ortgage Insurance. If Lender required Mortgage Iiisurance�s�t condition of mal�ing the Lo�ii, Borrower <br /> shall pay t11e premiums reqttired to maintain the Mortgage Insut•�nce in effect. If, for any reason, tlle <br /> Mortgage Insurance coverage required Uy Lender ceases to Ue available fi•om t11e mortgage insurer th�t <br /> �1'eviously provided suc1�insura�ce and Borrower was reqtiiired to u7�lce se�a1•ately desi,gnated paymei�ts <br /> tow��•d the preiniums for Mortgage Insurarice, Borrower shall pay the preiniums required�o obtain coverage <br /> suUst2iitiially equival�ilt to the Mortgage Iusui•ance�reviously in effect, at a cost su1�stianti�lly equivalent to <br /> tlie cost to Borrower of the Mortgage Insurance previously in effect, fi•om an alternate mortgage insurer <br /> select�d Uy Lender. If substantially equivalent Mortgage Tnstiu•ance coverage is not�vailable, Bo�•rower sha11 <br /> 231231 <br /> NEBRASKA-Single Fam ily-Fannle M ae/Freddle M ac UNIFORM INSTRUM ENT Form 3026 1/01 <br /> VM P O VM P6(NE)(1105) <br /> Wolters Kluwer Financiaf Services Page II of 17 <br />
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