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201008201
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Last modified
11/4/2010 2:17:55 PM
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11/4/2010 2:17:54 PM
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DEEDS
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201008201
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20100$201 <br />9. Protecdon of I,eader's L�te�rest in the Proprrty and Ri�ghtg Under this SS�curlty Instr��t. Tf <br />(a) Borrowcr fails to perform tlae oovenants and agr�ts contained in this Security Ins�t, (b) th�re <br />is a legal proc�ding that naaght significautly affect L,ender's interest in thc Pi[ and/or rights under <br />this Security Insarument (such as a proceEding in bankruptcy, probate, for condemnation or farfeitune, for <br />enfom.�t of a lien which may attain p;rioz�ty over this Security Inahv�ent or to enforce laws or <br />regulations), or (c) Horrovver has abandoned the Property, then L.eAdcr may do and pay for whatever is <br />rcasonable or �ropriate to protect L�ender's interest in the Property and rights under this Security <br />Instn�ment, includin8 Protecting and/or assessing the value of the Property, and securing a�/or rePairing <br />the Property. L�ender's acrions can include, but arc aot lixnited W: (a) paYinB anY sunna secured by a lien <br />which has priority over this Security Inat�nt; (U) aPpearing in court; and (c) paying reasonable <br />attorneys' fe� to prote�t its interes�t in the Propertq and/or righta undcr thi.s Security Ins�t, including <br />its secured position iun a bankruptcy proceeding. Securing the Property i�lud�.s, but is not lianited to, <br />entering the Praperty to make repairs, change lacks, neplace or board up doors a�d windows. drain water <br />from pipes, eliminato buildiu�g or other code violations or dat�ge�rous condidons� and have utilities turned <br />on or off. Al,though I.ender may taks action undcr this Sectinn 9, Lendcr does �t b�ave to do so and is not <br />under any duty or obligation to do so. It is agreed that Lender incurs no liabi�ity for not ta�ng any or all <br />actinns authorized undcr tlus Section 9. <br />Any amownts disbursed by I.ender under this 5ection 9 s�haU become addidonal debt of Borrower <br />secured by this Security T�ns�t. These amounts shall beaz interest at tl� Note rate from the date of <br />disbursement and shall bs payable, with suclr interest, u�n notice from L,�nder W Honrower requesting <br />pa �Tf �this Secutity Instrument is oa a leasehold, Borrower ahall comply with all the pmvi.sions of the <br />lease. Tf Borrower acquires fee title to the Property, the leasehold and the fae title sball not merge unless <br />I.ec�der agre�s W the merger in writing- <br />10. Mortgsge Ynsuraqce. If I.ender required Mortgage Inst�rance gs a condition of making the Loan, <br />Sorrower sball pay thc premityms reyuired to naaintaiti the Mortgage Ynsurance in effect. If, for any reason, <br />the Mortgage Insurance coverage required by I.ender ceases to be available from the martgagc insurer that <br />previously pravide� such insurance anri Barrower was requirad W wake separately designated payments <br />toward the p�nemiums for Mortgag� Iasurance� Borrower shall pay the p�miums required to obt,ai�a <br />coverage substamdally equivale�nt to the Mortgage Insurance previously in effoct, at a cost substantially <br />�uivalent to the co$t to Borrov�r of the Mortg�e Inauraace previously iui e�fCCC, from an alt�naate <br />martgage insurer gelected by I,ender. If substantially �uivalent Mortgage Instu�ance coverage is not <br />available� Borrowe�r shall contiunue ta pay to L.endear the amouut of the s�ara�bely designated payments that <br />wcre d�txe whe� thc insuratuce coverage ceased to be in effecC. I.ender a+ill accept, usc anci retain thcse <br />payme�nts as a non-refuadable loss reserve in lieu of Mortgage Insura�e. S�ch loss resex ve shall be <br />nan-refund:bl�, notwithstanding t�ue fact that the Loan is ultimately paid in full, and I.ender sl�►atl not be <br />requir�d to puy Borrower any intercat ar eamings on suc� loss reserve. I.ender cara no longer require loss <br />reserva pay�nents if Mortgage Insurance cvverage (in the annount and f�r the peiiod t�aat Lsnder raquires) <br />pmvided by an i�taurer selected by Le�der again be�x�es available, i$ obtained, and I.c�sder requuires <br />separately designated payments taward t�e pt�nitu�n� for Mortgage Inswance. If I.ender required Mortgage <br />Insuranoe as a candidon of malcing the Loan �n�d Borrower was ncquired to malae separately designated <br />paYments wward the premiwms for Mortgage Insurance� Horrower shall pay the pre�niums requir�d to <br />maintain Mortgagc Insurance in effe�t, or to provide a non refundable loss resexve, until Leander's <br />requirenne�t for Mortgage Inanranc� snds i�n accordance with any wr,ittcn agreement b�ween Horrower and <br />L,ertder providing far such termination or umtil termination is roquirod by Applicable Law. Nothiag in tb,is <br />Se�tion 10 affects Barmwer's obligazion w pay interest at tlxe rate provide� in the Note. <br />Mortgage Insurance reimbut�es Lender (or eny ea�tity Chat purchas� the Note) fpr certain losses it <br />may incur if Borrovver does �t npay the Laan as agrced. Harrovver is not a party W the Mortgage <br />Insuraace. <br />Mortgage insur�rs evaluste their Wtal risk on all suGh insuranoe in for� from time to ame, and may <br />e�te,r into a�ts with other partics t�at share or modify their risk, or reduce los�es. Thc�se ageements <br />are on terms aad condiriona that are satisfactory to the �ortgage �urer and the other party (or parties) to <br />th�se �reen�ants. T,hcse agr�ts maY re9u�ire the mortgage insurer to mal�e pxyments using any aour� <br />of fw�ds that thes mortgage in�urer may h$ve available (which may itnrdude fimds obtained from Mortgagc <br />Insurance pxennium�). <br />NEBRASKA - Single Famlly - Fannir Ma�/Finddis Mao UNIFORM IN$TRUMENT <br />�-61NE) �oe� � r waw e o� � a imc�m.: /�_ Form 3028 1/01 <br />
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