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<br />LOADT #: 6398754
<br />Security Instrument, including protecting and/or assessing the value ofthe Property, and securing and/
<br />or repairing the Property. Lender's actions can include, but are not limited to: (a) paying any sums
<br />secured by a lien which has priority over this Security Instrument; (b) appearing in court; and (c) paying
<br />reasonable attorneys' fees to protect its interest in the Property and/or rights under this Security
<br />Instrument, including its secured position in a bankruptcy proceeding. Securing the Property includes,
<br />but is not limited to, entering the Property to make repairs, change locks, replace or board up doors and
<br />windows, drain water from pipes, eliminate building or other code violations or dangerous conditions,
<br />and have utilities turned on or off. Although Lender may take action under this Section 9, Lender does
<br />not have to do so and is not under any duty or obligation to do so. It is agreed that Lender incurs no
<br />liability for not taking any or all actions authorized under this Section 9.
<br />Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower
<br />secured by this Security Instrument. These amounts shall bear interest at the Note rate from the date
<br />of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower
<br />requesting payment.
<br />If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the
<br />lease. Borrower shall not surrender the leasehold estate and interests herein conveyed or terminate or
<br />cancel the ground lease. Borrower shall not, without the express written consent of Lender, alter or
<br />amend the ground lease. If Borrower acquires fee title to the Property, the leasehold and the fee title
<br />shall not merge unless Lender agrees to the merger in writing.
<br />10. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the
<br />Loan, Borrower shall pay the premiums required to maintain the Mortgage Insurance in effect. If, for any
<br />reason, the Mortgage Insurance coverage required by Lender ceases to be availablefrom the mortgage
<br />insurer that previously provided such insurance and Borrower was required to make separately
<br />designated payments toward the premiums for Mortgage Insurance, Borrower shall pay the premiums
<br />required to obtain coverage substantially equivalent to the Mortgage Insurance previously in effect, at
<br />a cost substantially equivalent to the cost to Borrower of the Mortgage Insurance previously in effect,
<br />from an altemate mortgage insurer selected by Lender. If substantially equivalent Mortgage Insurance
<br />coverage is not available, Borrower shall continue to pay to Lender the amount of the separately
<br />designated payments that were due when the insurance coverage ceased to be in effect. Lender will
<br />accept, use and retain these payments as a non-refundable loss reserve in lieu of Mortgage Insurance.
<br />Such loss reserve shall be non-refundable, notwithstanding the fact that the Loan is ultimately paid in
<br />full, and Lender shall not be required to pay Borrower any interest or earnings on such loss reserve.
<br />Lender can no longer require loss reserve payments'rf Mortgage Insurance coverage (in the amountand
<br />for the period that Lender requires) provided by an insurer selected by Lenderagain becomes available,
<br />is obtained, and Lender requires separately designated payments toward the premiums for Mortgage
<br />Insurance. If Lender required Mortgage Insurance as a condition of making the Loan and Borrower was
<br />required to make separately designated payments toward the premiums for Mortgage Insurance,
<br />Borrower shall pay the premiums required to maintain Mortgage Insurance in effect, orto provide a non-
<br />refundable loss reserve, until Lender's requirement for Mortgage Insurance ends in accordance with
<br />anywritten agreement beiween Borrower and Lender providing for such termination or until termination
<br />is required by Applicable Law. Nothing in this Section 10 affects Borrower's obligation to pay interest
<br />at the rate provided in the Note.
<br />Mortgage Insurance reimburses Lender (or any entity that purchases the Note) for certain losses it may
<br />incur if Borrower does not repay the Loan as agreed. Borrower is not a party to the Mortgage Insurance.
<br />Mortgage Insurers evaluate their total risk on all such insurance in force from time to time, and may
<br />enter into agreements with other parties that share or modify their risk, or reduce losses. These
<br />agreements are on terms and conditions that are satisfactorytothe mortgage insurer and the other party
<br />(or parties) to these agreements. These agreements may require the mortgage insurer to make
<br />payments using any source of funds that the mortgage insurer may have available (which may include
<br />funds obtained from Mortgage Insurance premiums).
<br />As a result of these agreements, Lender, any purchaser of the note, another insurer, any reinsurer,
<br />any other entity, or affiliate of any of the foregoing, may receive (directly or indirectly) amounts that derive
<br />from (or might be characterized as) a portion of Borrower's payments for Mortgage Insurance, in
<br />exchange for sharing or modiiying the mortgage insurer's risk, or reducing losses. If such agreement
<br />provided that an affiliate of Lender takes a share of the insurer's risk in exchange for a share of the
<br />premiums paid to the insurer, the arrangement is often termed "captive reinsurance." Further:
<br />(a) Any such agreements wtll not affect the amounts that Borrower has �greed to pay for
<br />Mortgage Insurance, or any other terms of the Loan. Such agreements will not increase the amount
<br />Borrower wlll owe for Mortgage Insurance, and they wlll not entitle Borrower to any refund.
<br />(b) Any such agreements will not affect the rlghts Borrowrer has - if any - wlth respect to the
<br />Mortgage Insurance underthe Homeowners Protectfon Act of 1998 or any other law. These rlghts
<br />may include the right to receive certain disclosures, to request and obtaln cancellatlon of the
<br />Mortgage Insurance, to have the Mortgage Insurance terminated �utomattcally, and/or to receive
<br />a refund of any Mortgage Insurance premtums that were unearned at the tlme of such cancellation
<br />or termin�tlon.
<br />11. Asslgnment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby
<br />assigned to and shall be paid to Lender.
<br />If the Property is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair
<br />of the Property, if the restoration or repair is economically feasible and Lender's security is not lessened.
<br />During such repair and restoration period, Lender shall have the right to hold such Miscellaneous
<br />Proceeds until Lender has had an opportunity to inspect such Property to ensure the wor has be n
<br />Initials
<br />NEBRASKA-Single Family-Fannle Mae/Freddte Mac UNIFORM INSTRUMENT Form 30281/01
<br />Online Documents, Inc. Page 6 Of 10 NEUDEED 1108
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