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202403611
<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 />(c) Funds Paid by Lender. if the Rents are not sufficient to cover the costs of taking control of and managing
<br />the Property and of collecting the Rents, any funds paid by Lender for such purposes will become indebtedness of
<br />Borrower 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 />advance 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 />not signed any prior assignment of the Rents, will not make any further assignment of the Rents, and has not
<br />performed, and will not perform, any act that could prevent Lender from exercising its rights under this Security
<br />Instrument.
<br />(t) Control and Maintenance of the Property. Unless required by Applicable Law, Lender, or a receiver
<br />appointed under Applicable Law, is not obligated to enter upon, take control of, or maintain the Property before or
<br />after giving notice of Default to Borrower. However, Lender, or a receiver appointed under Applicable Law, may
<br />do 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 />other right or remedy of Lender. This Section 10 does not relieve Borrower of Borrower's obligations under Section
<br />6.
<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 />Mortgage Insurance as a condition of making the Loan, Borrower will pay the premiums required to maintain the
<br />Mortgage Insurance in effect. If Borrower was required to make separately designated payments toward the premiums
<br />for Mortgage Insurance, and (i) the Mortgage Insurance coverage required by Lender ceases for any reason to be
<br />available from the mortgage insurer that previously provided such insurance, or (ii) Lender determines in its sole
<br />discretion that such mortgage insurer is no longer eligible to provide the Mortgage Insurance coverage required by
<br />Lender, Borrower will pay the premiums required to obtain coverage substantially equivalent to the Mortgage
<br />Insurance previously in effect, at a cost substantially equivalent to the cost to Borrower of the Mortgage Insurance
<br />previously 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 />the amount of the separately designated payments that were due when the insurance coverage ceased to be in effect.
<br />Lender will accept, use, and retain these payments as a non-refundable loss reserve in lieu of Mortgage Insurance.
<br />Such loss reserve will be non-refundable, even when the Loan is paid in full, and Lender will not be required to pay
<br />Borrower 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 />period that Lender requires) provided by an insurer selected by Lender again becomes available, is obtained, and
<br />Lender 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 />separately designated payments toward the premiums for Mortgage Insurance, Borrower will pay the premiums
<br />required to maintain Mortgage Insurance in effect, or to provide a non-refundable loss reserve, until Lender' s
<br />requirement for Mortgage Insurance ends in accordance with any written agreement between Borrower and Lender
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT (MERS)
<br />Form 3028 07/2021
<br />Page 10 of 19
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