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201805172
<br /> LOAN#: 17178
<br /> Security Instrument,including protecting and/or assessing the value of the Property,and securing and/or
<br /> repairing the Property. Lender's actions can include, but are not limited to: (a)paying any sums secured
<br /> by a lien which has priority over this Security Instrument;(b)appearing in court;and(c)paying reasonable
<br /> attorneys'fees to protect its interest in the Property and/or rights under this Security Instrument,including
<br /> its secured position in a bankruptcy proceeding. Securing the Property includes, but is not limited to,
<br /> entering the Property to make repairs, change locks, replace or board up doors and windows, drain
<br /> water from pipes, eliminate building or other code violations or dangerous conditions, and have utilities
<br /> turned on or off.Although Lender may take action under this Section 9, Lender does not have to do so
<br /> and is not under any duty or obligation to do so. It is agreed that Lender incurs no liability for not taking
<br /> 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
<br /> date 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
<br /> or 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 Loan,
<br /> Borrower shall pay the premiums required to maintain the Mortgage Insurance in effect.If,for any reason,
<br /> the Mortgage Insurance coverage required by Lender ceases to be available from the mortgage insurer
<br /> 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
<br /> to obtain coverage substantially equivalent to the Mortgage Insurance previously in effect, at a cost
<br /> substantially equivalent to the cost to Borrower of the Mortgage Insurance previously in effect, from an
<br /> alternate mortgage insurer selected by Lender. If substantially equivalent Mortgage Insurance coverage
<br /> is not available, Borrower shall continue to pay to Lender the amount of the separately designated
<br /> payments that were due when the insurance coverage ceased to be in effect. Lender will accept, use
<br /> and retain these payments as a non-refundable loss reserve in lieu of Mortgage Insurance. Such loss
<br /> reserve shall be non-refundable, notwithstanding the fact that the Loan is ultimately paid in full, and
<br /> Lender shall not be required to pay Borrower any interest or earnings on such loss reserve. Lender can
<br /> no longer require loss reserve payments if Mortgage Insurance coverage(in the amount and for the period
<br /> that Lender requires) provided by an insurer selected by Lender again becomes available, is obtained,
<br /> and Lender requires separately designated payments toward the premiums for Mortgage Insurance. If
<br /> Lender required Mortgage Insurance as a condition of making the Loan and Borrower was required to
<br /> make separately designated payments toward the premiums for Mortgage Insurance, Borrower shall
<br /> pay the premiums required to maintain Mortgage Insurance in effect, or to provide a non-refundable
<br /> loss reserve, until Lender's requirement for Mortgage Insurance ends in accordance with any written
<br /> agreement between Borrower and Lender providing for such termination or until termination is required
<br /> by Applicable Law. Nothing in this Section 10 affects Borrower's obligation to pay interest at the rate
<br /> 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
<br /> may 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 satisfactory to the mortgage insurer and the other
<br /> party (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
<br /> derive from (or might be characterized as) a portion of Borrower's payments for Mortgage Insurance,
<br /> in exchange for sharing or modifying 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 will not affect the amounts that Borrower has agreed to pay for
<br /> Mortgage Insurance,or any other terms of the Loan.Such agreements will not increase the amount
<br /> Borrower will owe for Mortgage Insurance, and they will not entitle Borrower to any refund.
<br /> (b) Any such agreements will not affect the rights Borrower has - if any - with respect to
<br /> the Mortgage Insurance under the Homeowners Protection Act of 1998 or any other law. These
<br /> rights may include the right to receive certain disclosures, to request and obtain cancellation
<br /> of the Mortgage Insurance, to have the Mortgage Insurance terminated automatically, and/or to
<br /> receive a refund of any Mortgage Insurance premiums that were unearned at the time of such
<br /> cancellation or termination.
<br /> 11. Assignment 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 of
<br /> 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 h s be
<br /> Initials:
<br /> NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 30281/01
<br /> Ellie Mae,Inc. Page 6 of 10 0415
<br /> NEUDEED(CLS)
<br /> 07/31/2018 09:38 AM PST
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