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�oioo��7� <br />9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. If <br />(a) Banower fails to perform the covenants and agreements contained in this Security Instrument, (b) there <br />is a legal proceeding that might signif3cantly affect I.,ender's interest in the Property and/or rights under <br />this Security Instrument (such as a proceeding in bankruptcy, probate, for condemnation ar fprfeiture, for <br />enforcement of a lien which may attain priority over this Security Instnunent or to enforce laws or <br />regulations), or (c) Borrower has abandoned the Property, then L.ender may do and pay for whatever is <br />reasonable or appropriate ta protect Lender's interest in the Property and rights under this Security <br />Instrument, including protecting and/or assessing the value of the Praperty, and securing and/or repairing <br />the Property. Lender's actions can include, but are not limite� to: (a) paying any sums secured by a lien <br />which has priority over this Security Instnunent; (b) appearing in court; and (c) paying reasanable <br />attarneys' fees to protect its interest in the Property and/or rights under this Security Instrument, including <br />its secured position in a banla�uptcy proceeding. Securing the Property includes, but is not limited to, <br />enteriang khe Property to make repairs, change locks, replace or board 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 chis Section 9, Lender does not have to do so and is not <br />under any duty or obligation to do so. It is agrced that Lender incurs no liability for not taking any or all <br />actions authorized under this Section 9. <br />Any amounts disbursed by Lender under this Section 9 shall become additional debt of Bormwer <br />secured by this Security Instrurnent. These arnounts shall beaz interest at the Note rate from the date of <br />disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting <br />payment. . <br />If this Security Instrument is on a leasehald, Borrower shall cornply with all the provisions of the <br />lease. If Borrower acquires fee title to the Property, the leasehold and the fee title shall not merge unless <br />Lender agrees to the merger in writing. <br />lp. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the L.oan, <br />Borrower shall pay the premiums required to maintaiu� the Mortgage Insurance in effect. If, for any reason, <br />the Mortgage Insurance coverage required by Lender ceases to be available from the mortgage insurer that <br />previausly provided such insurance and Borrower was required to make separately designated paynnents <br />toward the premiums for Mortgage Insurance, Borrovver shall pay the premiums require� to obtain <br />coverage substantially equivalent ta the Mortgage Insurance previously in effect, at a cost substantially <br />equivalent to the cost to Borrower of the Mortgage Insurance previously in effect, frorn an alternate <br />mortgage insurer selected by Lender. If substantially equivalent Mortgage Insurance coverage is not <br />available, Hoz�rower shall continue to pay to Lender the amount of the separately designated payments that <br />were due when the insurance coverage ceased ta be in effect. I,ender will accept, use and retain these <br />payrnents as a non-refundable loss reserve in lieu of Mort$age Tnsurance. Such loss reserve shall be <br />non-refuindable, notwithstanding the fact that the Loan is ultimately paid in full, and Lender shall not be <br />r�quired to pay Borrower any interest or eamings on such loss reserve. Lender can no longer require loss <br />reserve payments if Mortgage Inswrance coverage (in the amaunt and for the period that Lender requires) <br />provided by an insurer selected by L.ender again becomes available, is obtained, and Lender requires <br />separately designatal payments t�ward the premiums for Mortgage Insurance. If Lender required Mortgage <br />Insurance as a condition af making the Luan and Borrower was required to make separately designated <br />payrnents toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required ta <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 />Lender providing for such termination or until ternunation is required by Applicable Law. Nothing in this <br />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 <br />may incur if Borcower dces not repay the Loan as agrced. Borrower is not a party to the Mortgage <br />Insurance. <br />Mortgage insurers evaluate their total risk on all such insurance in force from time to time, and may <br />enter into agreements with other parties that share or rnodify their risk, or reduce losses. These agreements <br />are on terms and conditions that are sacisfactory to the mortgage insurer and the nther party (or parties) to <br />these agreernents. These agreements rnay require the mortgage insurer to make payments using any source <br />of funds that the mortgage insurer m�ay have available (which may include funds obtained from Mortgage <br />Insurance premiums). <br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />�-B�NE) �oat t1 Page 8 of 15 i nais: Form 302$ 1l07 <br />R . x . <br />,. Y ... � �t �f �S . � .. .�� , <br />