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zo�oos34o <br />9. Protection aF Lender's Interest in the Property and Rights Under this Security Instrument. If <br />(a) Borrower fails to perform the cavenants and agreernents contained in this Security Instrument, (b) there <br />is a legal proceeding that might significantly affect Lender's interesc in the Property and/or rights under <br />this Security Instrument (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture, far <br />enforcement of a lien which may attain priority 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 whatevear is <br />reasonabl� or appropriate to protect Lender's interest in the Praperty and rights under this Security <br />Instrument, including protecting and/or assessing the value of the Property, and securing and/or repairing <br />the Property. Leander's actions can include, but are not lirnited to: (a) paying any sums secured by a lien <br />which has priority over this Security Instrument; (b) appearing in court; and (c) paying reasanable <br />attorneys' fees to protect its interest in the Property and/ar rights under this Security Inscrwnent, 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 locks, replace or board up doors and windows, drain water <br />from pipes, eliminate building ar ather code violations or dangerous conditions, and have utilities turned <br />on or off. Although I..ender may 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 authorized under this Section 9. <br />Any amounts disbursed by Lender under this Section 9 shall become additionaJ debt of Barrawer <br />secured by this Security Instrument. These amowats shall bear interest at the Note rate fronn the date of <br />disbursement and shall be payable, with such interest, upon notice from Lender ta Borrower requesting <br />payment. . <br />If this Security Instrument is on a leasehold, Borrower shall comply with. all th� provisions of the <br />lease. If Borrower acquires fee titla ta the 1'roperty, the leasehold and the fee title shall nat merge unless <br />Lender agrees to the merger in writing. <br />�.0. Mortgage Insurance. If Lender required Mortgage Insurance as a candition of making the Loan, <br />Borrower shall pay the premiums required to maintain the Mortgage Insurance in effect. If, for any reason, <br />the Martgage Insurance coverage required by Lender ceases to be available frorn the mortgage insurer that <br />previously provided such insurance and Bonawer was required to rnake separately designated payments <br />taward the premiums for Mortgage Insurance, Borcower shall pay the premiurns required to obtain <br />coverage substan.tially equivalent to 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 />rnortgage insurer selected by Lender. If substantially equivalent Mortgage Insurance coveragc is not <br />available, Borrower shall continue co 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. 5uch loss reserve shall be <br />non-refundable, notwithstanding the fact that the Laan is ultimately paid in full, and Lender shall not be <br />required to pay Borrower any interest or eaTn.ings on such loss reserve. Lender can no longer requirc loss <br />reserve payments if Mortgage Tnsurance coverage (in the amount and for che periad that Lender requires) <br />provided by an insurer selected by Lender again becornes available, is obtained, and Lender requires <br />separately designated payments toward the premiums for Martgage Tnsurance. If Lender required Mortgage <br />Insuarance as a condition of making the Loan and Borrower was reqnired to make separately designated <br />payrnents towazd the premiums for Mortgage Insurance, Borrower shall pay the premiums required to <br />maintain Mortgage Insurance in effect, or to provide a non-refundable loss reserve, until I.ender's <br />requirement for Mortgage Insurance ends in accordance with any written agreement between Borrower and <br />Lender providing for such terminatian 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 entiry that purchases the Note) for certain losses it <br />may incur if Borrower does nat repay the Loan as agreed. �orrower is not a party to the Mortgage <br />Insurance. <br />Mortgage insurers evaluate their total risk an all such insurance in force from time to tune, and may <br />enter into agreements with other partiea that share or modify 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 agreements. These agreements may require the rnortgage insurer Co make payments using any source <br />of funds that the mortgage insurer may have available (which may include funds obtained from Mortgage <br />Insurance prerniums). <br />NEBRASKA - Single Family - Fannie MaelFraddie Mac UNIFORM INSTRUMENT �� <br />�-6(NE) 108111 Page 8 of 15 Initisls: r y Form 3028 ���7 <br />��9�C <br />w j et t i� e� C� „► � dP <br />