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�01��7515
<br />9. Protection of Lender's Interest in the Praperty and Rights Under this Security Instrnment. If
<br />(a) Borrower fails ka perform the covenants and agreements contained in this Security Instrument, (b) there
<br />is a legal proceeding that might significantly affect I.endsr's interest in the T'roperty and/c�r rights under
<br />this Security Instrument (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for
<br />enforcement of a lien which may attain priority over this Security Instrument or to enforce laws or
<br />regulations), or (c) Borrower has abandaned the Property, then Lender may do and pay far whatever is
<br />reasonable or appropriate to protect T.ender's interest in the Property and rights under this Security
<br />Instruinent, including protecting and/or assessing the value of the Property, and securing and/ax r�pairing
<br />the Prop�rty. I.ender's actions can include, but are not limit�d ta: (a) paying any sums secured by a lien
<br />which has priarity over this Security Instrument; (b) appearing in caurt; and (c) paying reasonable
<br />attorneys" fees to prot�ct its interest in the Property and/or rights under this Security Inskrument, inc;luding
<br />its secured pasitian in a bankruptcy proceeding. Securing the Prnperty includes, bul is not limited to,
<br />entering the Properiy ta rnake repairs, change locks, replace or board up doors and windows, drain water
<br />from pipes, eliminate building or other code violations or dangerous conditi�ns, and have utilities turned
<br />on or off. Although I.,ender may take action under this Section 9, Lend�r daes not have to do so and is not
<br />under any duty or obligation to do so. It is agr�ed that L,ender incurs no liability for not taking any or all
<br />actions authorized under this Section 9.
<br />Any amounts disbursed by L,ender under this Section 9 shall become additi�nal debt of Barrower
<br />secured by this Security Tnstrument. These amounts shall bear iwtearest at the Note rate from the date of
<br />disbursement and shall be payable, with such interest, upon nntic:� fram I.ender to Borrower requesting
<br />payment.
<br />If this Security InsCrum�nt is an a leasehold, Borrower shall comply with all the pravisians of thc
<br />lease. If Borrower acquires fee title to the Property, the leasehold and the fee title shall not merge unless
<br />L,ender agrees to the merger in writing.
<br />10, Mortgage Insuranee. If L,ender required Mortgage Tnsurance as a condition of making th� I..aan,
<br />Borrower shall pay the premiums required to maintain the Mortga�e Ir�aurance in effect. If, for any reason,
<br />the Mortgage Insurance coverage required by I,�nder ceasss to be available from the mortgage insurer that
<br />previously provided such insurance and Borrower was required to make separately designated paym�nts
<br />toward the premiums for Martgage Insurance, Borrower shall pay the pr�miurns required ta obtain
<br />coverag� substantially equivalent to the Mortgage Insurance pr�vi�usly in effect, at a cost substantially
<br />equivale:nt to [I1B GOS[ t0 Borrower of the Morigage Insuranc� previously in effect, from an alternate
<br />morigag� insurct selected by T.ender. If substantially equivalent Morigage Insurance coverage is not
<br />available, Borrower shall continue to pay to Lender the amount of the separately designat�d payments lhat
<br />were due when the insurance coverage ceased to be in effect. T.ender will accept, use and retain these
<br />payments as a non�refundable loss r�s�rv� in lieu af Mortgage Insurance. 5uch loss reserve shall be
<br />non-refundable, notwithstanding the fact that the I..aan is ultimately paid in full, and L,ender shall not be
<br />required ta pay Borrawer any interest or earnings on such loss reserve. T.ender can no lc�ng�r requirc loss
<br />reserve payments if Mortgage Insurance coverage (in the amount and for the period that Lender requires)
<br />provided by an insurer selected by I�:nder again becom�s availabl�, is abtained, and Lender requires
<br />s�parately designated payments toward the premiums for Mortgage Insurance. If I.ender required MartgagC
<br />Insurance as a condition of making the Loan and Borrow�r was r�yuir�d to make separately designated
<br />payments toward the pr�miums for Mortgage Insurance, Borrower shall pay the premiums required to
<br />maintain Mortgage Insurance in effect, or to provide a non-refundable loss reservc, until Lender's
<br />requirement for Mortgage Insurance e.nds in aGC;urdance with any written agreement between Borrower and
<br />Lender providing for suc:h t�rmination or until termination is required by Applicable L.aw. Nothing in this
<br />Sectiqn 10 affects Borrower's obligation to pay interest at lhe rake pravi��d in the Note.
<br />Mortgage Insurance reimburses Lender (or any �ntity that purchasss the Note) for certain losses it
<br />may incur if Borrower does not repay the Loan as agreed. Batrow�r is nat a party to the Mortgage
<br />Tnsurance.
<br />Mortgage insurers evaluate [heir total risk an all such insurance in force from time to time, and may
<br />enter into agreem�nts with other parties that share or modify their risk, or reduce losses. These agreements
<br />are on terms and conditians thaG are satisfactary to the mortgage insurer and the other party (or parties) to
<br />these agreements. These agreements may require the mortgage insurer to make payments using any source
<br />qf funds that the mortgage insurer may have available (which may include f'unds obtained from Mortgage
<br />Tnsurance premiums).
<br />NEBRASKA - 5ingle Family - Fannie Mae/Freddie Mac UNIFORM INS7RUM
<br />�-61NE) �oei �� Page 8 of 16
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<br />Form 3028 1/09
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