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2oiooso49 <br />9. Protectiun of Lender's Interest in the Property and Rights IInder this Security Instrument. If <br />(a) I3an'ower fails to perforru the covenants and agreements contained in this Secuarity Tnstrument, (b) there <br />is a legal proceeding that might significantly a£Fect Lender's interest in the Property and/or rightti under <br />this Security Instnunent (such as a proceeding in bankruptcy, probate, for condemnation or £orfeiture, far <br />enforcement of a lien which may attain priority over this Secutity Instrument or ta cnforce laws or <br />regulations), ar (c) Borrower has abandoncd the Property, then Lendex- may do and pay for whatever is <br />reasonable or appropriate to protect Lender's interest in the Property and rights under this Security <br />Instx�ument, including protecting and/or assessing the value oF the Property, and secnriang and/or repairing <br />the Property. Lender's actions can include, but ara not limited to: (a) paying any suins secured by a lien <br />which has priority over this Securily Inslnunent; (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 limited to, <br />entering the Property to make repairs, change ]acks, rc�place or board up doors and windows, drain water <br />from pipes, eliminate building or other code viol.ations or dangcraus conditions, and have utilities turned <br />on or off. Although Lender may takc action under this Section 9, I,ender does nat have to da so and is not <br />under any duty or obligation to do so. It is agreed that Lender incurs no liability fox not taking any or all <br />actions authorized under this Section 9. <br />Any amounts disbursed by Lender under this Section 9 shall become additianal debt of Borrower <br />secured by this Security Instrument. These ainounts shall bear interest at the Note rate From the date of <br />disbursement and shall be payable, with such interest, upon notice &orn Lender to Borrower requesting <br />payment. <br />If this Security Instrurnent is on a leasehold, Borrower shall comply with all the provisions af the <br />lease. If Borrower acquires fee title to the Property, the leasehold and ihe fee title shall not merge unless <br />Lender agrees to the merger in writing. <br />10. Mortgage Insurance. If Lender required Mortgage Insutance as a condition of making the Loan, <br />Borrower shall pay the premiwns required to maintain the Mortgage Insurance in effect. If, for any rcason, <br />the Mortgage Insurance coverage required by I,ender ceases to be available from the mortgage insurer that <br />pteviously provided such insurance and Bottower was teyuired to inake separately designated payments <br />toward the premiums for Mortgage Insurance, Bortowet shall pay the premiums xequired to obtain <br />coverage substantially equivalent to the Mortgage Insurancc previously in effect, at a cost substantially <br />equiValent to the cost to Botrower of the Mortgage Insuxance previously in efFect, &om an altemate <br />mortgage insurer selected by Lender. If Gubstantially equlvalent Martgage Insurance coveragc is not <br />available, 13orrower shall continue to pay to Lendet the amount of the separately designated payments that <br />were due when the insurance coverage ceased to be in effect. Lender will accept, us� and retain thesc <br />payments as a non-refundable loss reserve in lieu af Mortgage Insurance. Such loss reserve shall be <br />non notwithstanding the fact that the Loan is ultimately paid in full, and Lender shall not be <br />tequired to pay I3orrower any intereet ot earnings nn such loss reeerve. Lender can no longer require loss <br />re5erve payinents if Mortgagc Tnsurance coverage (in the amount and for the period that Lender requires) <br />provided by an insurer selected by Lender again becomes available, is ohtained, and Lender requires <br />separately designated paym�nts towatd the premiums for Mortgage Insurance. If Lender raquired Mott�age <br />In�urance as a conditian of making the Lnan and Borrower was required to make separately designaied <br />payrnents toward the premituns for Mortgage Iusuranee, Borrawer shall pay the premiurns required to <br />maintain Mortgage Insurance in effect, or to provide a non-refundable loss xeservE, until Lender's <br />requitement for Mottgage Insurance ends in accordance with any written agreeinent between Borrower and <br />Lender providing for such tcrmination or until terminatian is required by �lpplicable Law. Nothing in this <br />Section 10 afPects Borrower's obligation to pay interest at the rate provided in the Note. <br />Mortgage Insurance reimburties Lender (ot any entity that putchases the Note) for certain lnsses it <br />rnay inciu if BarroweX does not repay the Loan as agteed. Borrower is not a party to the Mortgagc <br />Insurance. <br />Mortgage insurerG evaluate their total risk on all such insurance in force from tirne to time, and may <br />enter into agreements with other parties that share or modify their risk, or reciuce losses. These agreements <br />are on tenns and cnnditions that are sati5factory to the mortgage insurer and the other party (or parties) to <br />these agreernents. These agreements xnay require the mortgage insurer to make payments using any source <br />oF funds that the mortgage insurcr may have available (which may include funds obtained from Mortgage <br />Insurance premiuma). <br />N�BRASKA- Single Family - FannieMaelFreddle Mac UNIFQI2141 INSTRUM�NT <br />�-6(NE) (OS11) Page B of 15 Initials: Form 3028 1/p1 <br />Y ' <br />