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20100773�
<br />9. Pratection of Lender's Interest in the Paroperty and Rights Under this Secirrity Instrument. If
<br />(a) Borrower fails to perform the covenants and agreements contained in this Security Instrument, (b) there
<br />is a legal proceeding that might significantly 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 or forfeiture, for
<br />enforcement of a lien which may attain priority over this Security Instrurnent or to enforce laws ar
<br />regulations), or (c) Sorrower has abandoned the Property, then Lender may do and pay for what�ver is
<br />reasonable or appropriate to protecc I.ender's interest in the Property and rights under this Security
<br />Tnstrument, including protecting and/or assessing the value of the Property, and securing and/or repairing
<br />the Property. Lender's actians 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, 5ecuring the Property includes, but is not li�nited to,
<br />entering the Property to malce repairs, change locks, replace or board up doors and windows, drain water
<br />from pipes, eliminat� 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, L,�nder does not have to do so and is not
<br />under any duty or obligation to do so. It is agreed that Lender incurs no liability for not taking any or a11
<br />actions authorized under this Section 9.
<br />Any amounCs disbursed by I.ender 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 frorn the date of
<br />disbursement and shall be payable, with such interest, upon notice from L.ender to �orrower requesting
<br />payment.
<br />If this Security Instrument is an a leasehold, Borrower shall comply with all the provisions of the
<br />lease. If Borrower acquires fee titic to the Property, the leasehold and the fee title shall not merge unless
<br />Lender agrees to the merger in writing.
<br />10. Martgage Insurance. If Lender required Mortgage Insurance as a conditian of making the Loan,
<br />Borrower shall pay the prezniums required to maintain the Mortgage Insurance in effect. If, for any r�ason,
<br />the Mortgage Insurance coverage required by Lender ceases ta be available from the rnortgage insurer that
<br />previausly provided such insurance and Borrower was required to malce separately designated payments
<br />toward the premiums far Mortgage Tnsurance, $orrower shall pay the premiums required to obtain
<br />coverage subscaz�,tial.ly equivalent to the Mortgage Insurance previously in effect, at a cost substantially
<br />equivalent to the cost Co Borrower of the Mortgage Insurance previously in effecC, from an alternate
<br />martgage insurer selected by Lender. If substantia�ly equivalent Martgage Insurance coverage is noC
<br />available, Borrower shall continue to pay to L,�nder the amounC of the separately designated payrnents that
<br />were due when the insurancc coverage ceased to be in effect. L,�nder will accept, use and retain these
<br />payments as a non-refundable loss r�serve in lieu of Mortgage Insurance. Such loss reserve sha11 be
<br />non-refundable, notwithstanding the fact that the Loan is ultimately paid in full, and Lender shall not be
<br />required to pay Borrower any interest or earnings on such loss reserve. Lender can no longer require loss
<br />reserve payrnents if Mortgage Insurance coverage (in the amount and for the period that Lender requires)
<br />provided by an insurer selected by L,ender again becomes available, is obtained, and Lender requixes
<br />separately designated payments toward the premiurns for Mortgage Insurance. If Lender required Mortgage
<br />Insurance as a condition of making the Laan and Borrower was required to make separatsly designated
<br />payments toward the premiums for Mortgage Insurance, Borrawer 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 Barrawer and
<br />Lender providing for such terminaCion or until termination is required by Applicable Law. Nothing in this
<br />Sectian 10 affects Borrower's obligation to pay interest aC Che arate provided in the Note.
<br />Mortgage Insurance reirnburses 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 Mortgage
<br />Insurauce.
<br />Mortgage insurers evaluaCe their total risk on all such insurance in force from time Co time, and m,ay
<br />enter into agreements with other parties that share or znodify their risk, or reduce losses. These agreements
<br />are on terms and conditions that are satisfactory to the rnortgage insurer and the otl�.er party (ar parties) to
<br />these agreements. These agxeements may require the mortgage insurer to make payments using any source
<br />of funds that the rnortgage insurer rnay have available (which may include funds obtained frorn Mortgage
<br />Insurancs premiums).
<br />NEBRASKA - Single Family - Pannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />�-6�NE) (08111 Page 8 of 15 inniais. Form 3028 1/01
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