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202400142 <br />Property and/or rights under this Security Instrument, including protecting and/or assessing the value of the Property, <br />and securing and/or repairing the Property. Lender' s actions may include, but are not limited to: (I) paying any sums <br />secured by a lien that has priority or may attain priority over this Security Instrument; (II) appearing in court; and <br />(III) paying: (A) reasonable attorneys' fees and costs; (B) property inspection and valuation fees; and (C) other fees <br />incurred for the purpose of protecting Lender' s interest in the Property and/or rights under this Security Instrument, <br />including its secured position in a bankruptcy proceeding. Securing the Property includes, but is not limited to, <br />exterior and interior inspections of the Property, entering the Property to make repairs, changing locks, replacing or <br />boarding up doors and windows, draining water from pipes, eliminating building or other code violations or <br />dangerous conditions, and having utilities turned on or off. Although Lender may take action under this Section 9, <br />Lender is not required to do so and is not under any duty or obligation to do so. Lender will not be liable for not <br />taking any or all actions authorized under this Section 9. <br />(b) Avoiding Foreclosure; Mitigating Losses. If Borrower is in Default, Lender may work with Borrower to <br />avoid foreclosure and/or mitigate Lender' s potential losses, but is not obligated to do so unless required by Applicable <br />Law. Lender may take reasonable actions to evaluate Borrower for available alternatives to foreclosure, including, <br />but not limited to, obtaining credit reports, title reports, title insurance, property valuations, subordination <br />agreements, and third -party approvals. Borrower authorizes and consents to these actions. Any costs associated with <br />such loss mitigation activities may be paid by Lender and recovered from Borrower as described below in Section 9(c), <br />unless prohibited by Applicable Law. <br />(c) Additional Amounts Secured. Any amounts disbursed by Lender under this Section 9 will become <br />additional debt of Borrower secured by this Security Instrument. These amounts may bear interest at the Note rate <br />from the date of disbursement and will be payable, with such interest, upon notice from Lender to Borrower <br />requesting payment. <br />(d) Leasehold Terms. If this Security Instrument is on a leasehold, Borrower will comply with all the <br />provisions of the lease. Borrower will not surrender the leasehold estate and interests conveyed, or terminate or cancel <br />the ground lease. Borrower will not, without the express written consent of Lender, alter or amend the ground lease. <br />If Borrower acquires fee title to the Property, the leasehold and the fee title will not merge unless Lender agrees to <br />the merger in writing. <br />10. Assignment of Rents. <br />(a) Assignment of Rents. If the Property is leased to, used by, or occupied by a third party ("Tenant"), <br />Borrower is unconditionally assigning and transferring to Lender any Rents, regardless of to whom the Rents are <br />payable. Borrower authorizes Lender to collect the Rents, and agrees that each Tenant will pay the Rents to Lender. <br />However, Borrower will receive the Rents until (i) Lender has given Borrower notice of Default pursuant to Section <br />26, and (ii) Lender has given notice to the Tenant that the Rents are to be paid to Lender. This Section 10 constitutes <br />an absolute assignment and not an assignment for additional security only. <br />(b) Notice of Default. If Lender gives notice of Default to Borrower: (i) all Rents received by Borrower must <br />be held by Borrower as trustee for the benefit of Lender only, to be applied to the sums secured by the Security <br />Instrument; (ii) Lender will be entitled to collect and receive all of the Rents; (iii) Borrower agrees to instruct each <br />Tenant that Tenant is to pay all Rents due and unpaid to Lender upon Lender' s written demand to the Tenant; (iv) <br />Borrower will ensure that each Tenant pays all Rents due to Lender and will take whatever action is necessary to <br />collect such Rents if not paid to Lender; (v) unless Applicable Law provides otherwise, all Rents collected by Lender <br />will be applied first to the costs of taking control of and managing the Property and collecting the Rents, including, <br />but not limited to, reasonable attorneys' fees and costs, receiver' s fees, premiums on receiver' s bonds, repair and <br />maintenance costs, insurance premiums, taxes, assessments, and other charges on the Property, and then to any other <br />sums secured by this Security Instrument; (vi) Lender, or any judicially appointed receiver, will be liable to account <br />for only those Rents actually received; and (vii) Lender will be entitled to have a receiver appointed to take possession <br />of and manage the Property and collect the Rents and profits derived from the Property without any showing as to <br />the inadequacy of the Property as security. <br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />Form 3028 07/2021 <br />Page 9 of 19 <br />*DocMagic <br />