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200306652
<br />8. Borrower's Loan Application. Borrower shall be in default it, during the Loan application process, Burrower Or
<br />any persons or entities acting at the direction of Borrower or with Borrower s knowledge or consent gave materially false,
<br />misleading, or inaccurate infomunnaL or statemenrs to Lender (or failed to provide Lender with material information) in
<br />connection with the Loan. Material representations include, but are not limited to, representations concerning Borrower's
<br />occupancy of the Property as Borrower's principal residence.
<br />9. Protection of Leader's Interest in the Property and Rights tinder this Security Instrument. If (a) Borrower
<br />fails to perform the covenants and agreements contained in this Security instrument, (b) there is a legal proceeding that might
<br />significantly affect Lender's interest in the Property and/or rights under this Security Instrument (such as a proceeding in
<br />banknupmy, probate, for condemnation or forfeiture, for enforcement of a lien which may attain priority over this Security
<br />Instrument or to enforce laws or regulations), or (c) Borrower has abandoned the Property, 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 proicaung and /or assessing lire value of the Property, and securing and/or repairing the Property. Lender's actions
<br />can include, but are nor limited to: (a) paying any Santis secured by a lien which has priority over this Security f rstaumcnt;
<br />(b) appearing in court; and (c) paying reasonable attorneys' fees to protect its interest in the Property and/or rights under this
<br />Security luatru ncut, including its secured position in a bankruptcy proceeding. Securing the Property includes, but is nor
<br />limited to, entering the Property to make repairs, change locks, replace or board up doors and windows, drain water from
<br />pipes, eliminate building or other code violations or dangerous conditions, and have utilities turned on or off. Although
<br />Leader may take action under this Section 9, Lender does not have to do so and is not under any duty Or obligation to do so.
<br />It is agreed that Lender incurs an liability for not taking any or all actions authorized under this Section 9.
<br />Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower secured by this
<br />Security Instalment. These amounts shall bear interest at the Note rate from the dare of disbursement and shall be payable,
<br />with such interest, upon notice front Lender to Borrower requesting payment.
<br />If this Security lnsuument is on a Ieaschold, Borrower shall comply with all the provisions of the lease. If Borrower
<br />acquires fee title to the Property, the leasehold and the fee title shall not merge unless Lender agrees to tine rugger in writing.
<br />10. Mortgage Insurance. if Lender required Mortgage Insurance as a condition of making the Loan, 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 ceases to be available from the mortgage insurer that previously provided 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 Lender 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- refndable loss reserve in lieu Of Mortgage Insurance. Such
<br />loss reserve shall be tea- refundable, notwithstanding the fact that the Loan is ultimately paid in fall, and Lender shall not he
<br />requirod to pay Borrower any interest or earnings ern such loss reserve. Lender can no longer require loss reserve payments if
<br />Mortgage fnsu mice coverage (in the amount and for the period that Leader requires) provided by an insurer 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 premiums for Mortgage insurance, Borrower shall pay the prendnms
<br />required to maintain Mortgage Insurance in effect, or to 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 providing for such
<br />termination or until termination 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 reimburses Lender (or any entity that purchases the Note) for certain losses it may incur if
<br />Borrower does not repay the Loan as agreed. Borrower is not a party to the Mortgage insurance.
<br />Mortgage insurers evaluate their total ask 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 agreenents are on terms and condemns
<br />that are satisfactory to the mortgage insurer and the other party (or parties) to these agreements. These agreements may
<br />require the omrtgage insurer to make payments using any Source of funds that the mortgage insurer may have available
<br />(which may include fluids obtained from Mortgage InSUmuce premiums).
<br />As a result of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer, any other entity, or
<br />any affiliate of any of the foregoing, may receive (directly or indirectly) amounts that derive from (or might be characterized
<br />as) a portion of Borrower's payuncmis for Mortgage Insurance, in exchange for sharing or modifying the mortgage insurer's
<br />NERRASKA,SInglc Fnnii ly —angle Mae/Freddie Mac UNIFORM INSTRUMENT Farm 3028//01
<br />a"mi"ne'
<br />trM 191 AE fam,r rl'uge 6 of l l PU,Vee' 7o0L&rnI11 - 800 6399391 n sx 916191 -1t31
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