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20100795Q <br />9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. If <br />(a) Borrower fails to perform the covenants and agreements contained in this SecuriCy Instrument, (b) there <br />is a legal proceeding that might significantly affect L.ender's inCerest in the Property and/ar rights under <br />this Security Instrument (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for <br />enfarcement af a lien which may attain priarity over this Security Instrurnent or to enforce laws or <br />regulations), or (c) Borrower has abandoned the Property, then Lender may do and pay for whatever is <br />reasonable or appropriaCe to protect Lender's interest in the Froperty and rights under this Security <br />Instrurnent, including protecting and/or assessing the value of the Property, and securing and/or repairing <br />the Property. Lender's actions can include, but aze not limited to: (a) paying any surns secured by a lien <br />which has priority over this Security Instrument; (b) appearing in court; and (c) paying reasonable <br />attorneys' fees to protecc iCs interest in the Property and/or rights under this Security Instrument, including <br />its secured position in a bankruptcy proceeding. Secuxing the Property includes, but is nat limited to, <br />entering the Property to make repairs, change locks, replace or board up doors and windows, drain water <br />from pipes, eliminate building or other code violations or dangerous conditions, and have utilities turned <br />on or off. Although Lender rnay take action under this Section 9, Lender 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 all <br />actions autharized 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 Tnstrument. These amounts shall bear 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 leasehold, Bnrrower shall comply with all the provisions of the <br />lease. If Borrower acquires fee title ta the Property, the leasehold and the fee title shall not merge unless <br />I,ender agrees to the merger in writing. <br />10. Mortgage Insurance. If L,�nder required Mortgage Insurance as a condition of making the Loan, <br />Barrower shall pay the premiums required to maintain the Mortgage Insurance in effect. If, for any reason, <br />the Mortgage Insurance coverage required by I.ender ceases to be available fram the mortgage insurer that <br />previously provided such insurance and Borrower was required to make separately designated payments <br />towazd the premiums for Mortgage Insurance, Borrower shall pay the premiurns required to obtain <br />coverage substantially equivalent to the Mortgage Insurance previausly in effect, at a cost substantially <br />equivalent to the cost to Borrower of the Mortgage Insurance previously in effect, from an alternate <br />mbrtgage 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 reserve in lieu of Mortgage Insurance. Such loss reserve shall be <br />non-refunflable, notwithstanding the fact that the Loan is ultimately paid in full, and Lender shall not be <br />required ta pay Borrower any interest or eamings on such loss reserve. Lender can no longer require 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 Lendex again becomes available, is obtained, and I.ender requires <br />separately designated payments toward the premiums for Mortgage Insurance. If Lender required Mortgage <br />Insurance as a condition of making the I.oan and Borrower was required to rnake separately designated <br />payrnents toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to <br />maintain Mortgag� Tnsnrance in cffect, or to pravide a non-refundable loss reserve, until L,Qnder's <br />requirement for Mortgage Insurance ends in accordance witt� any written agreement between Borrower and <br />Lender providing for such termination or until termination is required by Applicable Law. Nothing in this <br />Section 1p affects Borrawer's obligation to pay interest at the rate provided in the Note. <br />Mortgage Insurance reimburses J.,ender (or any entity that purchases the Note) for certain losses it <br />may incur if Borrower does not repay the Loan as agreed, Borrawer is not a party to the Mortgage <br />Insurance. <br />Mortgage insurers evaluate their total risk on a11 such insurance in force from time to time, and may <br />enter into agreernents with other parties that share or rnodify their risk, or reduce losses. These agreements <br />are on terms and conditions that are satisfactory to the mortgage insurer and the other party (or parties) to <br />these agreernents. These agreements may require the mortgage insurer to malce payments using any source <br />of funds that the rnortgage insurer may have available (which may include funds obtained frozn Moxtgage <br />Insurance premiums). <br />NEBRASKA - Single Femily - Fannie Mae/Freddle Mac UNIFORM INSTRUMENT ��f <br />�-B�NE) los>>1 Page 8 of 15 initiais: �' / Form 302$ 7107 <br />� �m <br />a 1 i� 1�.� �.I� �.. i! y� e'. <br />