Laserfiche WebLink
201301435 <br />1111068856 <br />Instrument, including protecting and/or assessing the value of the Property, and securing and/or repairing the <br />Property. Lender's actions can include, but are not limited to: (a) paying any sums secured by a lien which <br />has priority over this Security Instrument; (b) appearing in court; and (c) paying reasonable attorneys' fees to <br />protect its interest in the Property and/or rights under this Security Instrument, including its secured position <br />in a bankruptcy proceeding. Securing the Property includes, but is not limited to, entering the Property to <br />make repairs, change locks, replace or board up doors and windows, drain water from pipes, eliminate <br />building or other code violations or dangerous conditions, and have utilities turned on or off. Although <br />Lender may take action under this Section 9, Lender does not have to do so and is not under any duty or <br />obligation to do so. It is agreed that Lender incurs no liability for not taking any or all actions authorized <br />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 of <br />disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting <br />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 cancel <br />the ground lease. Borrower shall not, without the express written consent of Lender, alter or amend the <br />ground lease. If Borrower acquires fee title to the Property, the leasehold and the fee title shall not merge <br />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 available from the mortgage <br />insurer that previously provided such insurance and Borrower was required to make separately designated <br />payments toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to obtain <br />coverage substantially equivalent to the Mortgage Insurance previously in effect, at a cost substantially <br />equivalent to the cost to Borrower of the Mortgage Insurance previously in effect, from an alternate mortgage <br />insurer selected by Lender. If substantially equivalent Mortgage Insurance coverage is not available, <br />Borrower shall continue to pay to Lender the amount of the separately designated payments that were due <br />when the insurance coverage ceased to be in effect. Lender will accept, use and retain these payments as a <br />non - refundable loss reserve in lieu of Mortgage Insurance. Such loss reserve shall be non- refundable, <br />notwithstanding the fact that the Loan is ultimately paid in full, and Lender shall not be required to pay <br />Borrower any interest or earnings on such loss reserve. Lender can no longer require loss reserve payments if <br />Mortgage Insurance coverage (in the amount and for the period that Lender requires) provided by an insurer <br />selected by Lender again becomes available, is obtained, and Lender requires separately designated payments <br />toward the premiums for Mortgage Insurance. If Lender required Mortgage Insurance as a condition of <br />making the Loan and Borrower was required to make separately designated payments toward the premiums <br />for Mortgage Insurance, Borrower shall pay the premiums required to maintain Mortgage Insurance in effect, <br />or to provide a non- refundable loss reserve, until Lender's requirement for Mortgage Insurance ends in <br />accordance with any written agreement between Borrower and Lender providing for such termination or until <br />termination is required by Applicable Law. Nothing in this Section 10 affects Borrower's obligation to pay <br />interest at the rate provided in the Note. <br />Mortgage Insurance reimburses Lender (or any entity that purchases the Note) for certain losses it <br />may 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 agreements <br />are on terms and conditions that are satisfactory to the mortgage insurer and the other party (or parties) to <br />these agreements. These agreements may require the mortgage insurer to make payments using any source of <br />funds that the mortgage insurer may have available (which may include funds obtained from Mortgage <br />NEBRASKA -- Single Family -- Fannie Mae /Freddie Mac UNIFORM INSTRUMENT <br />Modified for VA <br />338.9 Page 8 of 15 <br />Form 3028 1 /01 <br />