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201007522 <br />9. Protection oF Lender's Interest in the Property and Rights Under this Security Instrument. If <br />(a) Borrower fails to perform the cavenants and agreements contained in this Security Instrument, (b) there <br />is a legal proceeding that might significantly affect Lender's interest in the Property and/or rights under <br />this Security Instrument (such as a praceeding in bankruptcy, probate, for condemnation or forfeiture, for <br />enforcement of a lien which may attain priority over this Securiry Instrument or to enforce laws or <br />regulations), or (c) Borrower has abandoned the Property, then Lender may do and pay for whatever is <br />reasanable or appropriate to protect Lender's interest in the Property and rights under this Security <br />Instrument, including protecting and/ar assessing the value af the Pxoperty, and securing and/or repairing <br />the Property. Lender's actions can include, but are not limited to: (a) paying any sums secured by a lien <br />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 <br />its secured position in a bankruptcy proceeding. Securing the Property includes, but is not lirnited to, <br />entering the Property to make repairs, change locks, replace or boaxd up doors and windows, drain water <br />from pipes, elirninate building or other code violations or dangerous conditions, and have utilities turned <br />on or off. Although Lender may take action under this Section 9, Lender does not have to do so and is nat <br />under any duty or obligation to do so. It is agreed that I.ender incurs no liability for not taking any or all <br />actions authorized under this Section 9. <br />Any arnounts disbursed by Lender under this Section 9 shall become additional debt of Borrower <br />secured by this Security Instrument. These amounts shall bear interest at the Note rate from the date of <br />disbursernent and shall be payable, with such interest, upon notice from Lender to Borrower requesting <br />payment. <br />If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the <br />lease. If Borrawer acquires fee title to the Property, the leasehold and the fee title shall not znerge unless <br />Lender agrees to the rnerger in writing. <br />10. Martgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan, <br />Borrower shall pay the pr�miums required to maintain the Mortgage Insurance in effect. If, fox any reason, <br />the Mortgage Insurance coverage required by Lender ceases to be available from the mortgage insurer that <br />previously provided such insurance and Borrower was required to rnake sepaxately designated payrnents <br />toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to obtain <br />coverage substantially equivalent to the Mortgage Insurance previously in effect, at a cost substantially <br />equivalent to the cost to Borrower of the Mortgage Tnsurance previously in effect, from an alternate <br />mortgage insurer selected by Lender. If substantially equivalent Mortgage Insurance coverage is not <br />available, Borrower shall continue to pay to Lender the amount of the separately designated payments that <br />were due when the insurance coverage ceased to be in effect. Lender will accept, use and retain these <br />payments as a non-refundable loss r�serve in lieu of Mortgage Insurance. Such loss reserve shall be <br />non-refundable, notwithstanding the fact that the Loan is ultimately paid in full, and Lender shall not be <br />required to pay Borxower any interest ar earnings on such loss reserve. Lender can no longer require loss <br />xeserve paytnents if Mortgage Insurance coverage (in the amount and for the period that Lender requires) <br />provided by an insurer selected by Lender again becornes available, is obtained, and Lender requires <br />separately designated payments taward the premiurns for Mortgage Insurance. If Lender required Mortgage <br />Insuxance as a condition of making the Loan and Borrower was required to make separately designated <br />payrnents toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to <br />maintain Mortgage Insurance in effect, or to provide a non-refundable loss reserve, until Lender's <br />requirement for Mortgage Insurance ends in accordance with any written agreement between Borrower and <br />I�nder providing for such terrninatian or until termination is required by Applicable Law. Nothing in this <br />Section. 10 affects Borrower's obligation to pay interest at the rate provided in the Nate. <br />Mortgage Insurance reimburses Lender (or any entity that purchases the Note) for certain losses it <br />may incur if Borrower does not repay the Loan as agreed. Borrower is not a party to the Martgage <br />Insurance. <br />Mortgage insurers evaluate their total risk on all such insurance in force fram time to tirne, and may <br />enter into agreements with other parties that share or znodify their risk, or reduce losses. These agreernents <br />are on terms and conditions that are satisfactory 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 />of funds that the mortgage insurer may have available (which may include funds obtained from Mortgage <br />Insurance premiums). <br />2200058738 D v6ANE <br />NEBRASKA - Single Family - Fannia MaelFreddie Mac UNIFORM INSTRUMENT WITH E S <br />�-6A�NE) 1o8io1 Page 8 of 15 Initials: � Form 302$ 7/01 <br />� <br />