|
2� 17�217�
<br /> 5ecurity instrume���,ir�cluding prate�ting andlor�ssessing the va[ue o�the Prape�ty,and se�ur�ng andfo�
<br /> repairing the P�operty.Lender's actions c�n include,but are nat limited to:(a}paying any sums secured
<br /> by a�ien which has priority a�er this 5ecurity�nstrument;{b}appearing in court;and{c}paying reasonabfe
<br /> attarneys'fees to protect its�n#erest�n the Proper�y andlvr r�ghts und�rthis Security Instrument,�ncluding
<br /> €ts secured positio�� in a bankruptcy prviceeding. 5ecur�ng the Praperty inc[udes, but is not�i€r���ed�o,
<br /> ente�ing the Prope�ty to rnake ��pairs, change lacks, �epiace or hoard up davrs and wit�daws, drain
<br /> water from pipes,eliminate bu�ld�ng vr vther code W��lations or dangerous cand�fions,and ha�e utilities
<br /> turn�d vn�r off.Although Lender may take action under this Sec#ion 9,L�nder dves not have tv do so
<br /> and is nat under any duty a�abligation t�do sa.1t is agreed that Lender inGurs na liab��ity fo�no#taking
<br /> any or ai�ac#ions authorized under this 5ection 9.
<br /> Any amaunts disbursed by Lender und�r#his 5ectian 9 shal�becvme add'€��onal debt of Borrower
<br /> secured by this 5e�urity Instrument. These amvunts shall bear int�res� at the No#e rate �rom the
<br /> date af disburs�ment and sha�l be payable,wi#h such inte����,upon nv�i��frvm Lend�r to Bvrrvwer
<br /> requesting payment.
<br /> If this Secur€ty �nstrument is on a�easehold, Barrower sha1�cor�nply with all the p�vvisivns❑�the
<br /> �ease. Borrowe�shall nvt surrende�the ieasehvid estafe and in�erests herein c�nveyed vr terminate
<br /> or cance�the grvund Iease.Barrower shall nvt,without th�express written cvnsent of Lende�,alter or
<br /> amend the ground lease. If Bvrrower acquires#ee ti�le to the Property,the�easehvid and�he fee t�tle
<br /> sha��nat merge untess Lender agrees�a th�m�rger in wri�ing.
<br /> '�a. Martgage Insurance.!f Lender required Mo�tgage lnsurance as a condition of making#he Laan,
<br /> Borrav�rer shall pay the premiums required ta maintain the�llo�gage Insurance�n e�ec�.If,for any reas�n,
<br /> the Mortgage Insurance cave�age required�y Lender ceases to be available from the mo�tgage�nsurer�
<br /> tl�at prev�vusiy provided such ir�suranc�and Sarrower was required ta make separately des�gnated
<br /> paym�nts#vward the prem�ums �or Mvrtgage �nsurance, Bvrrvwer shall pay the premiums �equi�ed
<br /> ta ob�a€n caWerage substantiaily equi�alent to tfie Mort�age lnsurance pre�iously in effect, at a cosf
<br /> substantiaC�y�qui�a�ent to the�ost to Bvrrfl�ver o�the tVlortgage Insurance previous�y in effe��,from an
<br /> alfernate mor�gag�insurer selec�ed by Lender�f subs�anfially equiva[ent Martgage Insurance coverage
<br /> i� no� a�ai�able, Borrovver shall continue tv pay fo Lende�fhe amount vf the sepa�ately designat�d
<br /> payments that 4vere�ue wh�n the insuranc�e cfl�erage ceas�d to be in effect.Lender zrvi�l accept,use
<br /> and retain these�ayments as a non-re�undable Ioss resenre€n li�u of Mortgage lnsurance.5uch los�
<br /> reserve sha�!be n�n-refundahte, notwiths�anding the fact that fhe Loan is u�timately paid in�ull, and
<br /> Lend��shall not be required tfl pay Bvreawe�any interest or�arnings on suc�ivss res�rve.Lend�r can
<br /> nv��ngerrequire lvss reserve payments�€Mo�tgage�nsUrance cvWerage�in t�e amount and�vrthe period
<br /> that Lender requires}provided by an insurer s�l�c#ed by Lender again becomes a�railable,is ob�ained,
<br /> and Lender requir�s s�parately des�gnated�aymer�ts to�rrard the premiums for Mvrfgage�nsurance.if
<br /> Lender req�ired Mor�gage insurance as a condit#on af making tt��Loan and Borroirsrer�ras required to
<br /> ma�ce se�ara#eiy dessgnated payments�oward the premiums fv��artgage Insuran��, Bvrrawer shal[
<br /> pay fhe premiums requir�d#a maintain Mor�gag� Insuranr�:in eff�ct, vr to pro�ide a non-refundable
<br /> ioss resenre,�nt�l L�nder�s r�quirement f�r[�11or�gage�nsu�ance ends in aGca�dance vrith any�rit#en
<br /> agreem�nt bet�veen Barrower and Lender�roWiding�ar su�h ferm�natian or untif termina#�on€s requ�red
<br /> by App�icab�e La�v. Nothing in�his S�ctivn ��a�f�cts Borrv�re�'s o�ligatian�o pay ini�:rest at#he rate
<br /> pravided in tt�e Note.
<br /> Mortgage Insu�ance re�mbu�ses Lend�r�or any entity tha�pu�chases the Nate}�arcertain losse�it may
<br /> inc�.rr i�f�o�ower daes nv��epay t�e Laan as agreed.�orrower is nat a pa�y to the Mvrtgage lnsurance.
<br /> Mor#gage lnsurers eWaluate fheir totai r�sk vn alI such insurance in force from time to time, and
<br /> may en#er in�a agr�emen�s w�th other parti�s that�hare vr madify thei�risk,or reduce losses.These
<br /> agreements are an terms and conditions tha�are�atis�actot�r to#he m�rtgage insurer and the ❑ther
<br /> party�or parti�s}to#hese agreements.These agr�ements may�equire the mor��age insu�er�fl make
<br /> payments using ar�y svurce vf�unds that the mor#gage insurer may have avai�able�wh�ch may include
<br /> funds obtained from Mo�tgag�In�uranc�premiums}.
<br /> As a resu�t o�these agreements,Lender,any purchaser of the not�,anather insurer,any reinsurer,
<br /> any other�nti�y, or a�filiate of any vf the faregoing, may�ecei�re �d�rec#�y or indir�ctly} amounts tha#
<br /> d�rive fram�ar might be characterized as}a�or�ion of Barrvwer's payments for Mvrtgage Insurance,
<br /> in exr�ange for shar�ng ar modi�jring the martgage�nsurer`s risk,or reducing lasses.If such agreem�nt
<br /> proWided that an affiliate a�Lender�akes a share vf the insure�'s risk in exGhange fvr a sha�e of the
<br /> premiurns paid tv the insurer,the a�rang�m�n�is o#�en termed"captive reinsurance."�u�the�:
<br /> �a) An�t such agreements will not affect the amounts that Bv�rvw�r�as�gree�i iv pay�or
<br /> �r�rtgage Ins�ranc�,ar any vther terms of the Lvan.Such agreements vui[I not�ncrease�he amvunt
<br /> �orrower w�l�owe fvr 11�nrtg�ge lnsurance,and they w�t�nat entitle gorrvvsrer to any refund.
<br /> {b} Any such agreements will nvt affe�t the righ�s Bo�rv►�ver has-��an�-with respec�.to
<br /> �he Mvrtgage lnsu�an�e under'�he Hnm��wner�s�rotection Act v�7998 or any vt�er law.These
<br /> rights may ir�c�ude t�►e r�ght�o receiWe c�rta�n disclasu�es,ta reques�and vb'�a�n cancellativn
<br /> af�he�ortgage Cnsuranc�,ta ha�e the 1ltlor-t�ag�Insurance terminated automai�cally,andlor to
<br /> receive a�e'�und❑f any�Ilvrtgage Insurance prerniums�hat wer�unearn�d at the time of such
<br /> cancei�at�on nr terminatian.
<br /> "["�. Assignment o�Ntiscet[aneous Prv�eeds;Fvr�eiture.A�1 Misr���aneaus Proceeds are hereby
<br /> assigned to and shall be paid to Lender.
<br /> If the P�vper�y is damaged,such Misceilanevus Praceeds shall be app�ied to restorativ��or repair nf
<br /> the Prape�y,��the restoration or repair is e�vnamica[iy feasible and Lender's security is nat i�ssened.
<br /> During such repair and �estoration period, Lender sha11 ha�e t��e right tv hold su��3 N�isce�laneous
<br /> ProGeeds until �ende�has had an app��unity ta inspect such Property to ensure the work has been
<br /> NEBRASFtA--Sit�gfe Fami�y--Fannie NiaelFreddi�Mac UNlFQRM tNSTRUMENT Fvrm 3028'�10�1
<br /> EI[ie Mae,�nc. Page 6�f 1� NE�DEED �41�
<br /> NELJDEE❑{CL5}
<br /> �� � Jti
<br /> �
<br /> ��� �
<br /> �
<br />
|