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2� 17�2�78
<br /> Securi#y[nstrurnent,it��[uding p�otecting andfor assessit�g the value af the Prap�tty,and securir�g andlor
<br /> repairing the Prvper�y.Lender's activns can inc[ude,but are nvt limited tfl:�a}paying any sums secured
<br /> by a lien�►vhich has priority nWerthis Security lnstrument;�b3 app�aring in cvu�t;and�c}payir�g reasonab�e
<br /> a�torneys'fees to pratect its in�erest in the Property andlor rights underth�s Security€nstrument,in�luding
<br /> its secured posi�ia�� in a bank�uptcy praceedir�g.5ecur�ng the Prvperty in��udes,but is nat��mited tv,
<br /> entering the Prope�fy tv make repairs, change [ocks, replace or boa�d up dv��s and wi��dows, drain
<br /> wa�er fram pipes,e[iminate building vr vther code violatians or dangeraus cond'€tivns,and have u#ilities
<br /> turn�d on o�o�F.Afthough L�nder may take actian under this Secti�n 9,Lender does no�ha�e to do so
<br /> and is nvt under any duty ar obliga�ion to do so.�t is agreed that Lender incurs no liabili#y for not taking
<br /> any vr all ac#ions authari�ed under this Section 9.
<br /> Any amounts disbursed by Lender under this Section 9 shall be�vme additiona[debt❑f Bor�-ower
<br /> secured hy this Security Ins��ume�t. These amflun�s shall bear �nteres# at�he Nofe �ra�e f�om �he
<br /> da#e of d�sbursement and shal�be payable,`rvith such in#erest,upon notice fram Lender to Sorrower
<br /> requesting payment.
<br /> !f th�s Security lnstrument is an a �easeh�[d, Borrower shall cornp[y with a�1#he provisions❑f the
<br /> �ease. Sorrower sha�l not surrender the leasehof� estate and interests herein con�eyed �r terminate
<br /> ❑r cancel th�gr�und lease.Bo�row�r sha11 not,without fhe express written consent of Lender,alter or
<br /> amend the ground�ea�e. If Barrower a�quires fee ti��e tv the Pr��erty,the leasehold and the fee title
<br /> shall not merge un�ess Lender agrees to the m�rger�n�riting.
<br /> '�D. Mortgage[nsuran�e.[f Lender required Mo�tgage Insurance as a cvnd�tivn af making the Loan,
<br /> Borr�wer shall pay the premiums required to maintain the Mortgage lnsurance in effect.lf,for any reasan,
<br /> the Mortgage Insu�ance cvverage�equired by Lende�c�ases#o be a�ailable fram th�mo�gag�insure�
<br /> that prev�ausiy provid�d such insuran�e ar�d Borrower�rvas required to �nake s�parately d�signated
<br /> paymen�s toward t��e prem�ums �or 111ivrtgage lnsurance, Borrower�hall pay the premiums required
<br /> tv obtain caWerage su�stan�ia[iy equi�al�n�to the f�#orfgage I��surance previously in ef�ect, at a cast
<br /> subs#anfially equ��a��nt t❑the cast#0 8orrower v�the Mor#gage lnsurance previaus�y in effect,from an
<br /> al��mate mor�gage insurer seie�ted by Lender.Lf substantially equivalenf Mo�gage�risurance cv�e�age
<br /> €s not a�ailable, Bor�v��rer shal� continue to pay to Lender the amount of the separately des�gnated
<br /> payments that�vere due when the€nsurance coverage ceased to be�n effec�. Lender�r�rill ac�ept,use
<br /> and retain these pa�ments as a non-refundable loss reserve�n�ieu afi Mortgage lnsu�ance.�UCh��SS
<br /> reser�ve sl�a�l be nvn-�e€undahfe, notwithstanding the fact that the Loan is ultimafe[y paid in€ull, and
<br /> Lender shall nat be required ta pay Borrow�r any interest vr ear�iings an such loss res�rve.Lender car�
<br /> na longerrequire Ivss reserve�ayments if Ma�tgage�nsuranc�coverage�in the amvunt and�orthe period
<br /> that Ler�der requi��s}proWided by an insu�er selected by Lender again becomes ava��able,is vhtained,
<br /> and Lender�equires separate�y designated payments toward#he premiums�or Mor�gage lnsurance.[f
<br /> Len�er r�quired Mvr�gage Insurance as a condit�an o�making the Loan ar�d Borrower was required ta
<br /> make separa#ely designated payments�avsrard ihe prem�ums for�or�gage�nsuranc�, Borrawer sha�l
<br /> pay the premiums required to mair�tain Mor�gage Insurance in effect, or to provide a nan-refundable
<br /> loss�e�enre, un�i�Lender's requ�rement�ar f�livrtgage insurance ends in acco�dance�vith any v�ritten
<br /> agreem�nt bet�r,r�en Barrawer and Lender pra�riding for such�erm�nation or unti�termir�a�ian is required
<br /> by App�icable La��. Noth�ng in th�s Sec�ian �❑a�fects Borro�u�r's obligation tv pay�nte�es�at the ra�e
<br /> pravided in the Noie.
<br /> M�rtgage lnsurance reimburses Lender�or any er�t�ty that purchases the Nate}fvr certain�osses it may
<br /> incur i�Barrowe�does nvt repay the Laan as agreed.Borrawer is na#a pa�#y�a the Mor�gage Insurance.
<br /> Mot�gage Insurers�vaivat�their to�al risk vn al� such insurance in farce f�om time tv time, and
<br /> may enter in�a agreements irvi�h ather pa�ies that share ar modify the�r riskf or reduce�osses.These
<br /> agreements are on terms and conditions#hat are sat�s�actar�r ta the martgage insurer and the ather
<br /> party�or parties}io these agreements.Th��e agreements may require the mar�gage insurer ta make
<br /> payments using any s�urce�f fur�ds tha�the mortgage insurer may ha�e avai�able�which may in�Iude
<br /> funds vb#ained#rarn Mortgage lnsurance premiums}.
<br /> As a resuit❑f th�se agreements,Lender,any purcE�aser afthe note,anathe�insurer,any reinsu�er,
<br /> any other ent�ty, ar�ffi�iate o�any of the foregoing, may recei�� (direct�y or indire�tfy} amounts that
<br /> derive�ram (vr might b�characterized as}a portion of�or�o�rer's paymenfs for Mortgage lnsurance,
<br /> in ex�hange far sharing vr madi�ing the mortgage insurer'S f 15k,or reducing losses.If such agreemen�
<br /> provided that an affiliate of Lender takes a share of the insurer's r�sk in exchange for a share of the
<br /> premiums paid to�he insurer,the arrangem�n#is aften termed"�aptive reinsurance."Further:
<br /> �a� Any such agreements wi�l not a�fect the amounts tha�Bo�rvwe�has agreed�o pay for
<br /> �l1lart�ag�Insurance,ar any otherterms vf the�oan.Such agreements wi�l not increase tl��amaunt
<br /> Bo€��o��r wilt❑�rve fvr Mortgage Insurance,and th�y w��l not en�itle Borcvwer�v any refund.
<br /> (b} Any such agreements wit� not affec�the r�ghts Bar�ouver has - if an�-with respect t❑
<br /> the Ntortgage Insurance under the Homevwners Protectian Aci af'�998 vr any�ther[aw.These
<br /> rights may include th�righ�.to re����e certain d�sclvsures,tv request and obtain cance[�ation
<br /> of the Mv�tgage lnsurance,�v ha�e�he Mortgage tnsurance termir�ated automatical[y,andlv�tQ
<br /> recei�e a refund af any tl�vrtgage lnsurance prem�ums that rrvere unearned at the time vf such
<br /> cance�lat�an vr term�natian.
<br /> 'i'!. AssignmenL of Miscellaneaus Pro�e�ds,Fvrfeitu�e.AIf�iscel�aneous Proceeds are hereby
<br /> assigned to and sha[(be paid tv Lender.
<br /> lf the Property€s damaged,such Mis�eilaneous Proceeds shal[be applied to resto�atia�i or repair o�
<br /> the Prope�y,if the resivratian vr��pa�r is economicalfy feasible and Lend�r's securi�y is not le�sened.
<br /> During such repair and restaration period, Lender shall have the right�o hv�d such �iscellaneous
<br /> Prace�ds unti[Lender has had an opportuni�y tv inspect such Prape�ty to�nsure�he wark has been
<br /> NEBRASKA--Si�g�e F�rr�ify--Fanr�i�IIIIaefFredd#e Mac ElNI�ORItI!�NSTRUMENT Form 3�28�10'i
<br /> Eitie Mae,�nc. Page�of 1 Q NEUDEED Q4i5
<br /> NEUf�EE❑�CLS}
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