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200304901
<br />S. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, Borrower or
<br />any persons or eutilias acting at the direction of Borrower or with Borrower's knowledge or consent gave materially false,
<br />misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material info ®ation) in
<br />connection with the Loan. Material representations include, hilt are not limited to, representations coucemirg Borrower's
<br />occupancy of the Property as Borrower's principal residence.
<br />9. Protection of Lender's Interest In the Property and Rights Under this Security Instrument. It (a) Borrower
<br />fails to perform the ravenous and agreements contained in this Security Instrument, (b) there is a legal procced'uhg that night
<br />significantly affect Lender's interest in the Property and/or rights under this Security Instrument (such as a proceeding in
<br />bankruptcy, probate, for condemnation or forfeiture, for enforcement of a lieu which may attain priority over this Security
<br />Instrument or to enforce laws or regulations), or (c) Borrower has abandoned the Properly, then Lender may do and pay for
<br />whatever is reasonable or appropriate to protect Lender's interest in the Property and rights under this Security Instrument,
<br />including protecting and/or assessing the value of the Property, and securing and/or repairing the Property. Lender's actions
<br />can include, but are not limited to: (a) paying any sums secured by a lieu which has priority over this Security Instrument;
<br />(b) appearing in court; Bud (e) paying reasonable attorneys' fees to protect its interesl in the Property lumber rights under this
<br />Sceunty Instrument, including its secured position in a baulcmptey proceeding. Securing the Property includes, but is not
<br />limited to, entering the Property to make repairs, change Ineks, replace or board up doors and windows, drain water from
<br />pipes, eliminate building or other code violations or dangerous conditions, and have utilities tuned on or off. Although
<br />Lender may take action under this Scction 9, Lender does not have to do so and is not under my duty or obligation to do so.
<br />It is agreed that Leader incurs no liability for not taking any or all actions authorized under this Section 9.
<br />Any amounts disbursed by Leader under this Section 9 shall beeline additional debt of Borrower secured by this
<br />Security Instrument. Thew amounts shall bear interest at the Note rate from the date of dishmscmcnl and shall be payable,
<br />with such interest, upon notice from Lender to Borrower requesting payment.
<br />If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease. It Borrower
<br />acquires fee title to the Property, the leasehold and the fee title shall not merge unless Lender agrees to the merger in writing.
<br />10. Mortgage Insurance. If Leader required Mortgage Insurance as a condition of making the Loo, Borrower shall
<br />pay the premiums required to maintain the Mortgage Insurance in effect. If, for any reason, the Mortgage insurance coverage
<br />required by Lender reuses to be available from the mortgage insurer that previously pmvid d such insurance and Borrower
<br />was required to make separately designated payments toward the premiums for Mortgage Insurance, Borrower shall pay the
<br />premiums required 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 alternate mortgage
<br />insurer selected by Lender. If substantially equivalent Mortgage Insurance coverage is not available, Borrower shall continue
<br />to pay to Leader the amount of the separately designated payments that were due when the insurance coverage ceased to be in
<br />effect. Lender will accept, use and retain these payments as a non -refundable loss reserve in lieu of Mortgage Insurance. Such
<br />loss reserve shalt be non - refundable, notwithstanding the fact that the Loan is ultimately paid in full, and Leader shall not be.
<br />required to pay Borrower my interest or earnings on such lass reserve. Leader call no longer require loss reserve payments if
<br />Mortgage Insurance coverage (in the amount and for the period that Lender requires) provided by an insure selected by
<br />Lender again becomes available, is obtained, and Lender requires separately designated payments toward the premiums for
<br />Mortgage Insurance. If Lender required Mortgage insurance as a condition of making the Loan and Borrower was required to
<br />make separately designated payments toward the premiims for Mortgage Insurance, Borrower shall pay the premiums
<br />required to maintain Mortgage Insurance in effect, or in provide a non - refundable loss reserve, until Lender's requirement for
<br />Mortgage Insurance ends in accordance with any written agreement between Borrower and Lender proviring,for such
<br />termination or until temu ation is required by Applicable Law. Nothing in this Section 10 affects Borrower's obligation to
<br />pay interest at the rate provided in the Note.
<br />Mortgage Insurance terminuses Under (or any entity that purchases the Note) for certain losses it may incur if
<br />Burrower does not repay the Loan as agreed. Borrower is not a party to the Mortgage Insurance.
<br />Mortgage insurers evaluate their total nsk on all such insurance in force from time to time, and may enter into
<br />agreements with other parties that share or modify their risk, or reduce losses. These agreements me on terms and conditions
<br />that are satisfactory to the mortgage insurer and the other party (or parties) to these agreements. These agreements may
<br />require the mortgage insurer to make payments using any source of hinds that the mortgage insurer may have available
<br />(which may include hinds obtained from Mortgage Insurance premiums).
<br />As a result of these agreements, Lender, any purchase of the Note, another insurer, any renewer, any other entity, or
<br />any affiliate of any of the foregoing, may receive (directly or indi"etly) amounts that derive from (or might be characterized
<br />as) a portion of Borrower's payments for Mortgage Insurance, in exchange for sharing or modifying the mortgage insurer's
<br />NEBRASKA— Single Family— Fanate Mae/Fre klic Mac UNIFORM INSTRUMENT FMm Mil ON
<br />nRFARANO
<br />lEm 1915 W1 (Page 6 of 110aRes) To Oe,, C.111890'399393 CF. 616 -191 -1131
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