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202603157
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5/18/2026 3:56:29 PM
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5/18/2026 3:56:26 PM
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202603157
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(c) Funds Paid by Lender. If the Rents are not sufficient to cover the costs of taking control of <br />and managing the Property and of collecting the Rents, any funds paid by Lender for such purposes <br />will become indebtedness of Borrower to Lender secured by this Security Instrument pursuant to <br />Section 9. <br />(d) Limitation on Collection of Rents. Borrower may not collect any of the Rents more than <br />one month in advance of the time when the Rents become due, except for security or similar <br />deposits. <br />(e) No Other Assignment of Rents. Borrower represents, warrants, covenants, and agrees that <br />Borrower has not signed any prior assignment of the Rents, will not make any further assignment of <br />the Rents, and has not performed, and will not perform, any act that could prevent Lender from <br />exercising its rights under this Security Instrument. <br />(t) Control and Maintenance of the Property. Unless required by Applicable Law, Lender, or <br />a receiver appointed under Applicable Law, is not obligated to enter upon, take control of, or <br />maintain the Property before or after giving notice of Default to Borrower. However, Lender, or a <br />receiver appointed under Applicable Law, may do so at any time when Borrower is in Default, <br />subject to Applicable Law. <br />(g) Additional Provisions. Any application of the Rents will not cure or waive any Default or <br />invalidate any other right or remedy of Lender. This Section 10 does not relieve Borrower of <br />Borrower's obligations under Section 6. <br />This Section 10 will terminate when all the sums secured by this Security Instrument are paid <br />in full. <br />11. Mortgage Insurance. <br />(a) Payment of Premiums; Substitution of Policy; Loss Reserve; Protection of Lender. If <br />Lender required Mortgage Insurance as a condition of making the Loan, Borrower will pay the <br />premiums required to maintain the Mortgage Insurance in effect. If Borrower was required to make <br />separately designated payments toward the premiums for Mortgage Insurance, and (i) the Mortgage <br />Insurance coverage required by Lender ceases for any reason to be available from the mortgage <br />insurer that previously provided such insurance, or (ii) Lender determines in its sole discretion that <br />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 <br />Mortgage Insurance previously in effect, at a cost substantially equivalent to the cost to Borrower of <br />the Mortgage Insurance previously in effect, from an alternate mortgage insurer selected by Lender. <br />If substantially equivalent Mortgage Insurance coverage is not available, Borrower will continue <br />to pay to Lender the amount of the separately designated payments that were due when the <br />insurance coverage ceased to be in effect. Lender will accept, use, and retain these payments as a <br />non-refundable loss reserve in lieu of Mortgage Insurance. Such loss reserve will be <br />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 <br />amount and for the period that Lender requires) provided by an insurer selected by Lender again <br />becomes available, is obtained, and Lender requires separately designated payments toward the <br />premiums for Mortgage Insurance. <br />If Lender required Mortgage Insurance as a condition of making the Loan and Borrower was <br />required to make separately designated payments toward the premiums for Mortgage Insurance, <br />Borrower will pay the premiums required to maintain Mortgage Insurance in effect, or to provide a <br />non-refundable loss reserve, until Lender's requirement for Mortgage Insurance ends in accordance <br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM <br />INSTRUMENT <br />FORM 3028 7/21 <br />Laser Forms Inc. #FNMA3028MERS 7/21 Page 11 of 21 <br />1111 EN <br />iI. <br />
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