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201109302
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201109302
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Last modified
3/7/2012 11:17:18 AM
Creation date
12/13/2011 10:39:17 AM
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DEEDS
Inst Number
201109302
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201109302 <br /> for t77e rapairs ancl restorltion in a single payinent or in a series of progress payments as t1�e work is <br /> conzpleted, If fhe insura�loe or co�idemnation proceeds are not sufficient to repair or restore the Property, <br /> Bori•ower is not relieved of Borrower's obligation for the completion of such repair or restoration. <br /> Lencler or its agent may malce reason�Ule entries upon�nd inspections oF the Property. IF it has reasonaUle <br /> cause, Lender inay inspect the interior of the iinprovements on the Property. Lender shall give Bori�ower <br /> notice at the tiine of or prior to such ai1 interior inspection s�ecifying suc11 reasonable cause. <br /> 8. Borrower's Loan Application. Boi•rower shall be in default if, during the Loan applic�tion process, <br /> Borrower oi any persons or entities acting at the direction of Borrowel or with Borrower's lcnowledge or <br /> co�lsai�t gave inaterially f�lse, misleading, or u7�ecurate information or statements to Lender(or failed to <br /> provide Lendar with inaterial informatian) iiY connection witli thc I,oan. M�tie�•ia1 zepi•esentations include, �ut <br /> are not limited to, rep�esentations concerning Borrowar's occu�ancy of the Pi�operty as Borrower's principal <br /> residence. <br /> 9. Protection of Lender's Interest irr the Property and Righfis Under this Security Instrument. If(a) <br /> Borrower fails to perform the covenants�nd agreements conta.ined in this Security Instrument, (b) there is a <br /> legal proceeding�ha.t inight signific�ntly affect Leuder's interest in the Property and/or rights Ltnder this <br /> Security I�lstrument(such as a�roceeding in bai�lcruptcy, probate, for condemnatioil or forfeiture, for <br /> enforcement of a lien which may attain priority over this Security Instrument or to enFor�e laws or <br /> regttlations), or(c)Borrower has aUancloned the Property, tlien Lender may do and pay for whatever is <br /> reasonaUle or appropriate to protect Lender's interest iii the Property aild rights under this Security <br /> InstrLiment, incLuding protecting and/or assessing the value of the Prop�rty, a11d securing ancl/or repa.iritlg <br /> the Property. Lender's actions can inclutle, but are not liinited to: (a)paying�ny suins secured Uy a lien <br /> which has pi�iority over this SecLirity Instrument; (b) appearing iii court; and(c)paying reason�ble attorneys' <br /> fees to pratect itis interest in the Property and/oi�rights uncler this Security Inst�•uinent, including its secured <br /> position in a�ai�lcruptcy proceeding, Securiiig the Propertiy includes, but is noti liinited to, entering the <br /> Property to inalee repairs, change locics, replace or board up doors aszd windows, drain wftter�i•om pipes, <br /> eliininate building or other coc�e violations or da�geroris conditions, and have utilities turnecl on or off. <br /> A1thoLigh Lender in�y talce action ancler t17is Section 9, Lender does no1 have to do so and is not under any <br /> du�y or obligation to do so. Tt is�greed that Lender�incius no liability for not talcing auy or alI aetions <br /> �uthorized under�his Section 9. <br /> Any ainounts disbursed by I_,end�r under this Seetion 9 sll�ll Uecoine additional deUt of Borrower secured by <br /> this Security Tnstruinent. These�i�ounts shall bea�interest at the Note rate from�he date of disbiu•semant <br /> and shal7 Ue p�yable, with such interesti, upon zlotice from Lender to Borrower x�q�iesting�ayment. <br /> If this Security Iizstrument is oii a leasehold, Borrower shall comply with all tlie provisions�of the leasa��. If <br /> Borrower acquires fee title to the Property, the leasehold and the fee title shall not merge unless T�ender <br /> agrees to the merger in writi�lg. <br /> 10. M ortgage Insurance. If Lender required Moitgage Insuraiice as a condition of malcing tlie Loaii, Borrower <br /> sha11 pay the premiums required to maintain tlie Mortgage Insttrauce in effect. IC, for any reason, the <br /> Mortgage Insurance cover�ge irec�uireel by Lencler ceases to be availaUle from the mortgage insLtrei tihlt <br /> previotiisly provifted such insurance aud Borrowei•was requiretl to�nalce separately designated payinents <br /> toward the prenuums Far Mortgage Insurance, Borrower s11a11 pay the psemit,uils required to obtain coverage <br /> substantially equivalent to the Moi•tig�ge Insur�iace previously in effect, at a cost substa�ltially ec�uivalant to <br /> the cost to Borrower of the Mortgage Insurance previously in efFect, Fi•oiia aii�lternate u�ortgage iusurer <br /> selected Uy Lender. If suUstautially equivalaiit Mortgage Insura�7ce coverage is not available, Borrower sha11 <br /> 231232 <br /> NEBRASKA-Single Fam ily-Fannie M ae/Freddle M ac UNIFORM INSTRUM ENT Form 3028 1/01 <br /> VM P O VM P6(NE)(1105) <br /> Wolters Kluwer Financial Services Page 8 of 17 <br />
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