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RE- RECORDeD 200214110
<br />200214698
<br />S. Borrower's Loan Application. Borrower shall be in default if, 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 fall,
<br />misleading, or inaccurate information or statements to Lender (or failed to provide Leader 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 Lender's Interest in the Property and Rights Under this Security Instrument. If (a) Borrower
<br />fails to perform the covenants and agreemeraS 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 />bankruptcy, probate, for condemmtion or forfeiture, for enforcement of a lien which cony 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 protecting and/or assessing the value of the Property, and securing and/or repairing the Properly. Lender's actions
<br />can include, but me not limited to (a) paying any sums ensured by a lien which has priority over this Security Instrument
<br />(b) appearing un court; and (c) paying reasonable attorneys' fees to protect its interest in the Property and/or rights under this
<br />Security Instrument, including its secured position in a bankruptcy proceeding. Securing the Property includes, but is not
<br />limited to, catering 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 />Lender may lake action under this Section 9, Leader does not have to do so and is not under May duty or obligation to do so.
<br />It is agreed that Lender incurs no 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 seemed by this
<br />Security Instrument These amounts shall bear interest at the Now rate from the dale of disbursernent 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. If Borrower
<br />acquires tee title to the Property, One leasehold and the fee title shall not merge unless Lender agrees to the merger in writing.
<br />10. Mortgage Insurance. It 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 R6 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 Leader. If substantially equivalent Mortgage Insurance coverage is not available, Borrower shall continue
<br />to pay to Lerida 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 shall be nun - refundable, notwithstanding the fact that the Loan is ultimately paid in full, mud Lender shall not be
<br />required to pay Borrower any interest or earnings on such loss reserve. Lender can no longer require Inns reserve payments if
<br />Mortgage Insurance coverage (in the amount and for the period that Lender requires) provided by an insurer selected by
<br />Lender again becomes available, is obtained, and Leader requires separately designated payments toward the premiums for
<br />Mortgage Insurance. If Lender required Mortgage Insurance an 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 premiums
<br />required to mountain 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 abvecmcnl between Burrower and Lender providing for such
<br />ternwmtion or until termination is required by Applicable Law. Nothing in this Section 10 affects Borrower's obligation to
<br />pay interest at the rune 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 risk on all such insurance in force from time to fume, and may enter into
<br />agreements with other parties that share or modify their risk, or reduce losses. These agreements arc 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 funds that the mortgage insurer may have available
<br />(which may include funds obtained from Mortgage Iasurmuce premiums).
<br />As a result of these agreements, Lender, any purchaser of the Note, another insurer, any reinsure, 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 payments for Mortgage hismance, in exchange for sharing or modifying the mortgage insurer's
<br />NEBRASKA — Single Fan ly—Faamte MaNFYeBdie Mae UNIFORM INSTRUMENT Form 3038 I/Ol
<br />sEEFT-aND
<br />ITEM 19151E(00111 (Page6.111 age.Q To 3Nm Coll 1 606530 On 0 ru 616791 -1131
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