|
<br />300710089
<br />
<br />(such as a proceeding in bankruptcy, probate, for condenmation or forfciture, for enforcement of a lien which may
<br />attain priority ovcr this Sccurity Instrument or to enforce laws or regulations), or (c) Borrower has abandoned the
<br />Property, then Lender may do and pay for whatever is rcasonable or appropriate to protect Lender's interest in the
<br />Property and rights under this Security Instrument, including protecting and/or assessing the value of the Property, and
<br />securing and/or repairing the Property. Lcndcr's actions can include, but are not limited to: (a) paying any sums
<br />secured by a lien which has priority over this Security Instrument; (b) appearing in court; and (c) paying reasonable
<br />attorneys' fees to protect its interest in the Property and/or rights under this Security Instrument, including its sccurcd
<br />position in a bankruptcy proceeding. Securing the Property includcs, but is not limited to, entering the Property to
<br />make repairs, change locks, replace or board up doors and windows, drain water ITom pipes, eliminate building or
<br />other code violations or dangerous conditions, and have utilities turned on or off. Although Lender may takc action
<br />under this Scction 9, Lcndcr does not have to do so and is not under any duty or obligation to do so. It is agreed that
<br />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 dcbt of Borrower secured by
<br />this Security Instrument. These amounts shall bear interest at thc Note ratc from the date of disbursement and shall be
<br />payable, with such intcrcst, 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
<br />Borrower acquires fee title to the Property, the leasehold and the fce title shall not merge unless Lender agrees to the
<br />merger in writing.
<br />10. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan,
<br />Borrower shall pay the premiums required to maintain the Mortgage Insurance in effect. If, for any reason, the
<br />Mortgage Insurance coverage required by Lender ceases to be available from the mortgage insurer that previously
<br />provided such insurance and Borrower was required to make separately designated paymcnts toward the premiums for
<br />Mortgage Insurance, Borrower shall 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 the Mortgage
<br />Insurance previously in effect, ITom an alternate mortgage insurer selected by Lender. If substantially equivalent
<br />Mortgage Insurance coverage is not available, Borrower shall continue to pay to Lender the amount of the separatcly
<br />designated payments that were due when the insurance coverage ceased to be in effect. Lender will accept, use and
<br />retain these payments as a non-refundable loss reserve in lieu of Mortgage Insurance. Such loss rescrve shall be non-
<br />refundable, notwithstanding the fact that the Loan is ultimatcly paid in full, and Lender shall not be required to pay
<br />Borrower any interest or carnings on such loss reserve. Lender can no longer require loss reserve payments if
<br />Mortgage Insurance coverage (in the amount and for the period that Lender requires) provided by an insurer selected
<br />by Lender again becomes available, is obtained, and Lender requires separatcly designatcd payments toward the
<br />premiums for Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan and
<br />Borrower was required to makc separatcly designated payments toward the premiums for Mortgage Insurance,
<br />Borrower shall pay thc premiums required to maintain Mortgage Insurance in effect, or to provide a non-refundable
<br />loss reserve, until Lender's requirement for Mortgage Insurance ends in accordance with any writtcn agrccment
<br />between Borrower and Lender providing for such termination or until termination is requircd by Applicable Law.
<br />Nothing in this Section 10 affects Borrower's obligation to 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
<br />if Borrower does not rcpay 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 time, and may enter
<br />into agreements with other parties that share or modify their risk, or reduce losses. These agreements are on terms
<br />and conditions that are satisfactory to the mortgage insurer and the other party (or parties) to these agreements. These
<br />agreements may require the mortgage insurer to make payments using any source of funds that the mortgage insurer
<br />may have available (which may include funds obtained from Mortgage Insurance premiums).
<br />As a result ofthesc agreements, Lender, any purchaser of the Note, another insurer, any reinsurer, any other
<br />entity, or any affiliate of any ofthe foregoing, may receive (directly or indirectly) amounts that derive from (or might
<br />be characterized as) a portion of Borrower's payments for Mortgage Insurance, in exchange for sharing or modifying
<br />the mortgage insurer's risk, or reducing losses. If such agreement provides that an affiliate of Lendcr takes a share of
<br />
<br />Nebraska Deed of Trust-Single Family-Fannie Mae/Freddie Mac Uniform
<br />Instrument
<br />
<br />7
<br />
<br />Form 3028 01/01
<br />14001NE 08/00
<br />~2000, The Compliance Source, Inc.
<br />[DocJd 6646 Rev. 01.15.07]
<br />
<br />df{J
<br />
<br />~
<br />
|