|
<br />
<br />
<br />
<br />
<br />
<br /> 201004976
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br /> 9. Protection of Lender's Interest: in the Property and Rights Under this Security Instrument, if (a) Borrower. fails: to
<br /> perform the covenants and agreements contained in this Security Instrument, (b) there is a legal proceeding that might i
<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 alien which may attain priority over this Security
<br /> Iustrument 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 protee6 l; 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. lion which has priority over this Security. Instrument; (b) !
<br /> appearing m:court; and (c) paying reasonable attorneys! fees -to protect its interest in the Property and/or rights under. this
<br /> u Security Instument, :including its, secured ,position In a bankruptcy p.. rocee'ding. •,Seeuring the Property includes, but.-is not
<br /> . ~
<br /> . < 1mited to, entering- the:Property, .to;make.repairs, change locks, .replace.orboard up doors.and.windows; drain,walerfrom Pipes,
<br /> eliminate building or other, code violations or dangerousr~ conditions... and have utilities turned on.or off.. Although Lender may
<br /> take action , under this.: Section :9;:.Lcnder does not have to do, so, and. is not under any ,duty or obligation to.do- so It is agreed
<br /> that Lender incurs no liability for not taking any or all actions authorized under this Section 9, I
<br /> Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower secured by tins Security
<br /> Instrument: These amounts shall bear interest at the Note rate from the date of disbursement and. shall be payable3:with-such,: -
<br /> interest, upon notice' fromLender to Borrower requesting payment
<br /> If this Security Instruunent is on a leasehold, 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 the merger in writing:
<br /> 10. Mortgage Insurance. If Lender required Mortgage, Insurance .as':a condition of making the Loan; Borrower sball,pay
<br /> 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 premiuis for Mortgage Insurance, Borrower shall. pay the
<br /> premiums required to,,abtain 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 altemate, 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
<br /> in effect. Lender will accept, use and retain these payments as a non-refundable loss. reserve in lieu of Mortgage Insurance.
<br /> Such loss deserve shall be non-refundable, notwithstanding the fact that the Loan is ultimately paid in full, and Lender shall
<br /> not be required to pay Borrower any interest or earnings on such loss reserve. Lender can no longer require loss reserve
<br /> payments if Mortgage Insurance coverage (in the amount and for the period that Lender requires) provided by an insurer
<br /> selected by Lender again becomes : available, is obtained, and Lender requires separately designated payments toward the
<br /> umpremis for Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan andBorrower
<br /> was required io make, separately . designated payments toward. the premiums for Mortgage Insurance, Borrower shall pay the
<br /> premiums required to maintain Mortgage Insurance in effect, pr tO provide a ran refundable loss reserve, until Lender's
<br /> requirement for Mortgage. Insurance ends in accordance with any written agreement between Borrower and Lender providing
<br /> for such termination or. until. termination is required by. Applicable Law, Nothing in this Section 10 affects Borrower's
<br /> obligation to pay interest at the rater provided in tine Note.
<br /> Mortgage. Insurance reimburses Lender (or any entity that purchases the Note) for certain losses it may incur. if Bprrower
<br /> 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 time, and may enter into agreements
<br /> with other parties that share or modify their risk, or reduce losses. These agreements are on terms' and. conditions that are
<br /> satisfactory to the mortgage insurer and the other party (or parties) to these agreements. 'These agreements may require the
<br /> mortgage insurer to make payments using any source of ftmds that the mortgage insurer may have available (which may !
<br /> include funds obtained from Mortgage Insurance 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 as)
<br /> a portion of Borrower's payments for Mortgage Insurance, in exchange for sharing or modifying the mortgage insurer's risk, or
<br /> reducing losses. If such agreement provides that an affiliate.of Lender takes a share of the insurer's risk in exchange for a share I
<br /> of the premiums paid to the insurer, the arrangement is often termed." captive reinsurance." Further:
<br /> i
<br /> i
<br /> NEBRASKA - Single Family - Fannie MaelFreddle Man UNIFORM INSTRUMENT
<br /> ~y,* 4RNE) (0811) Page 7d14 Form 3028 1101
<br /> DDS-NB1111111
<br /> 1111111111111111111~1111111111111~ 11111111
<br /> DOOONE9522306 .
<br />
|