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2oioos��� <br />9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. Tf <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 Lender'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 nnay attain prioz�ty over this Secu� Instnunent or ta enforce laws or <br />regulations), or (c) Borrower has abandoned the Property, then Lender rnay do and pay for whatever is <br />reasonable or appropriate to protect Lender's interest in the Property and rights under this Security <br />lnstrument, including protecting and/or assessing the value of the Property, and securing and/or repairing <br />the PropeRy. L.ender's actions can include, but are not limited to: (a) paying any sums secured by a lien <br />which has priority over this Security Instruznent; (b) appearing iz� court; and (c) paying reasonable <br />attorneys' fees ta protect its interest in the Property and/or rights under this Security Tanstrument, including <br />its secured position in a bankruptcy proceeding. Securing the Property includes, but is nat limited to, <br />entering the Property to make repairs, change locks, replace or board up doars and windows, dz'ain water <br />from pipes, eliminate building or other code violations or dangerous conditions, and have utilities turned <br />on or off. Although Lender znay take action under this Section 9, Lendex does not have to do so and is not <br />under any duty or ohligation 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 additional debt of Barrower <br />secured by this Security Instrurnent. '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, Borrower shall comply with all the provisions of the <br />lease. If �arrower acquires fee title to the Property, the leasehold and the fee title shall not merge unless <br />Lendex agrees to the merger in wriCing. <br />10. Mortgage Insurance. If Lender require�i 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 Mortgage Insurance coverage required by Lender ceases to be available fro;m the rnortgag� insurer that <br />previausly provided such insurance and Borrower was required to make sepazately designated paytnents <br />toward the premiwns for Mortgage Insurance, Borrower shall pay the premiums required to obtain <br />coverage substantially equival.ent 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, from an altemate <br />mortgage insurer selected by Lender. If substantially equivalent Mortgage Insurance coverage is not <br />available, Barrower sha11 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. L.ender will accept, use and retain these <br />payrnents as a non-refundable loss reserve in lieu of Mortgage Insurance. Such loss reserve shall be <br />non-refundable, notwithstanding the fact that th� Loan is ultimately paid in full, and Lender shall not be <br />required to pay Borcower any interest or earnings on such loss reserve. L.ender can na longer require lass <br />reserve payrnents if Martgage Insurance coverage (in the amount and for the period that Lender requires) <br />provided by an insurer selected by Lender again becomes available, is obtained, and I.,endear requires <br />separately designated payments toward the premiums for Mortgage Insurance. If Lender required Mortgage <br />Insurance as a condition of making tk�e L.oan and Borrower was required to make separately designated <br />payments towazd the prerniums for Mortgage Insuranc�, Borrower shall pay the premiums requir�d to <br />maintain Mortgage Tnsurance in effect, or to provide a non-refundable loss reserve, until Lender's <br />requirennent for Mortgage Insurance ends in accordance with ar�y written agreement between Borrower and <br />Lender providing for such tez�.ination or until ternunation is required by Applicable Law. Nothing in this <br />Section 1� affects Borrower's obligation to pay interest at the rate provided in the Note. <br />Mortgage Insurance reimburses Lender (or any entity that purchases the Note) for certain losses it <br />may incur if �orrower does n,ot repay the Loan as agreed. Borrower is not a party to the Mortgage <br />Insurance. <br />Mortgage insurers evaluate their total risk on all such insurance in force from time to time, and may <br />enter into agreements with other parties 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 mortgage insurer to make payments using any source <br />of funds that the rnortgage insurer may have available (which may include funds obtained fronn Mortgage <br />Insurance premiums). <br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />�^H�NE) 10811) Page 8 af 15 i��t�ais: Form 3028 1/U7 <br />� <br />`�'-�J ` � � � F �.` J� „ f � , <br />