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201109236
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201109236
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Last modified
1/5/2012 9:47:46 AM
Creation date
12/9/2011 8:45:14 AM
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DEEDS
Inst Number
201109236
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2oiio9�3� <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 Properly, <br />Borrowcr is not rclicvcd of Borrowcr's obligation for thc complction of such rcpair or restoration. <br />Lender or its agent maY �e reasonable entries upon and inspections of the Properhv. If it has reasonable <br />cause, Lender may inspect the interior of the improvements on U�e Properiy. 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 sYiall be in default if, during the Loan application process, <br />Borrower or any persons or entities acting at the direction of Bonower or with Bonower'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 />arc not limitcd to, rcprescntations conccrning Borrowcr's occupancy of thc Propert}� as Borrowcr's principal <br />residence. <br />9. Protectionof Lender'slnterest in the Propertyand RightsUnderthis Securitylnstrument.IP (a) <br />Borrower fails lo perform lhe covenants and agreements contained in this Securily Instrument, (b) there is a <br />legal proceeding that might significanily affect Lender's interest in the Property and/or rights nnder this <br />Securit�� Instnunent (such as a proceeding in bankruptcy, pmbate, for condemnalion ar forfeiture, for <br />enforcement of a lien which may attain priority over this Security Instrument 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 />Instnuncnt, including protccting and/or asscssing thc ��aluc of thc Property, and sccuring and/or rcpairing <br />the Property. Lender's actions can include, but are not limited to: (a) pay ing any sums secured by a lien <br />which has priority over this Security� lnstrument; (b) appearing in court; and (c) paying reasonable attorneys' <br />i'ees lo prolect ils interest in the Properiy and/or rights under this Security Instrument, including its secured <br />position in a bankruptcy proceeding. Securing the Property includes, but is not limited to, entering the <br />Propert,y to make repairs, change locks, replace or board up doors and w�indo�vs, drain water from pipes, <br />eliminate building or other code viola6ons or dangerous conditions, and Yiave 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 am <br />duty or obligaUion to do so. It is agreed that Lender incurs no liability for not taking any or all actions <br />authorizcd undcr this Sccdon 9. <br />A�ry amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower secured by <br />this Securitv 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 Borrower requesting payment. <br />If this Security lnstrument is on a leasehold, Borrower shall comply with all the provisions of the lease. lf <br />Borrower acquires Pee title to the Pmperiy, lhe leasehold and lhe fee litle shall not merge unless Lender <br />agrees to the merger in w�riting. <br />10. Mortgage Insurance.If Lcndcr rcquircd Mortgagc Insurancc as a condition of making thc Loan, Borrowcr <br />shall pa_y the premiums required to maintain the Mortgage Insurance in efFect. If, for any reason, the <br />Mortgage lnsurance coverage required by Lender ceases to be available from the mortgage insurer that <br />previously provided such insurance and Borrower was required lo make separately designaled payments <br />toward the premiums for Mortgage Tnsurance, 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 substandally equivalent Mortgage Insurance coverage is not available, Borrower shal] <br />NEBRASKASingle Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1f01 <br />VMP 0 VMPB(N� (110�.00 <br />Wolters Kluwer Financiat Services �9e 8��� <br />
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