Laserfiche WebLink
I <br />s <br />r <br />r <br />p <br />c <br />a <br />202206769 <br />(c) Funds Paid by Lender. If the Rents are not sufficient to cover the costs of taking control of and managing <br />e Property and of collecting the Rents, any funds paid by Lender for such purposes will become indebtedness of <br />•rrower to Lender secured by this Security Instrument pursuant to Section 9. <br />(d) Limitation on Collection of Rents. Borrower may not collect any of the Rents more than one month in <br />vance of the time when the Rents become due, except for security or similar deposits. <br />(e) No Other Assignment of Rents. Borrower represents, warrants, covenants, and agrees that Borrower has <br />t signed any prior assignment of the Rents, will not make any further assignment of the Rents, and has not <br />rformed, and will not perform, any act that could prevent Lender from exercising its rights under this Security <br />strument. <br />(f) Control and Maintenance of the Property. Unless required by Applicable Law, Lender, or a receiver <br />pointed under Applicable Law, is not obligated to enter upon, take control of, or maintain the Property before or <br />er giving notice of Default to Borrower. However, Lender, or a receiver appointed under Applicable Law, may <br />so at any time when Borrower is in Default, subject to Applicable Law. <br />(g) Additional Provisions. Any application of the Rents will not cure or waive any Default or invalidate any <br />er right or remedy of Lender. This Section 10 does not relieve Borrower of Borrower' s obligations under Section <br />This Section 10 will terminate when all the sums secured by this Security Instrument are paid in full. <br />11. Mortgage Insurance. <br />(a) Payment of Premiums; Substitution of Policy; Loss Reserve; Protection of Lender. If Lender required <br />ortgage Insurance as a condition of making the Loan, Borrower will pay the premiums required to maintain the <br />ortgage Insurance in effect. If Borrower was required to make separately designated payments toward the premiums <br />r Mortgage Insurance, and (i) the Mortgage Insurance coverage required by Lender ceases for any reason to be <br />ailable from the mortgage insurer that previously provided such insurance, or (ii) Lender determines in its sole <br />cretion that such mortgage insurer is no longer eligible to provide the Mortgage Insurance coverage required by <br />nder, Borrower will pay the premiums required to obtain coverage substantially equivalent to the Mortgage <br />surance previously in effect, at a cost substantially equivalent to the cost to Borrower of the Mortgage Insurance <br />eviously in effect, from an alternate mortgage insurer selected by Lender. <br />If substantially equivalent Mortgage Insurance coverage is not available, Borrower will continue to pay to Lender <br />amount of the separately designated payments that were due when the insurance coverage ceased to be in effect. <br />nder will accept, use, and retain these payments as a non-refundable loss reserve in lieu of Mortgage Insurance. <br />ch loss reserve will be non-refundable, even when the Loan is paid in full, and Lender will not be required to pay <br />rrower any interest or earnings on such loss reserve. <br />Lender will no longer require loss reserve payments if Mortgage Insurance coverage (in the amount and for the <br />riod that Lender requires) provided by an insurer selected by Lender again becomes available, is obtained, and <br />nder requires separately designated payments toward the premiums for Mortgage Insurance. <br />If Lender required Mortgage Insurance as a condition of making the Loan and Borrower was required to make <br />•arately designated payments toward the premiums for Mortgage Insurance, Borrower will pay the premiums <br />•uired to maintain Mortgage Insurance in effect, or to provide a non-refundable loss reserve, until Lender' s <br />•uirement for Mortgage Insurance ends in accordance with any written agreement between Borrower and Lender <br />•viding for such termination or until termination is required by Applicable Law. Nothing in this Section 11 affects <br />rrower' s obligation to pay interest at the Note rate. <br />(b) Mortgage Insurance Agreements. Mortgage Insurance reimburses Lender for certain losses Lender may <br />ur if Borrower does not repay the Loan as agreed. Borrower is not a party to the Mortgage Insurance policy or <br />verage. <br />Mortgage insurers evaluate their total risk on all such insurance in force from time to time, and may enter into <br />reements with other parties that share or modify their risk, or reduce losses. These agreements may require the <br />N:iBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />F 3028 07/2021 <br />Page 10 of 19 <br />✓DocMagic <br />