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201009246
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Last modified
12/13/2010 2:44:55 PM
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12/13/2010 2:44:53 PM
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DEEDS
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201009246
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201009246 <br />9. Protcctian of Lcnder' a Interest in the Praperty snd Righta Undar this Security Instrument. If <br />(a) Borrower fails to perform the covenants and agreements cantaincd in this 5ecurfty ]nstrument, (b) there <br />is a legal praceeding tbwt m�ght significantly affeci Lender's ittterest in the Praperty and/or righ�s under <br />th�s 5ecurity Iastrument (such as a proceediag in hankruptcy, probale. fvr cc�ndemnation or forl`eiture, for <br />enforcement of a lieu whlch may attain priority aver this Security Instrument or ta enforce laws or <br />regulafians), or (c) Barrvwer has ahandoned Ihe Properly, then Lender may dn and �tay for wha�e�er is <br />reasanable or appropriate to protect Lender's interest in the Property and rights under this Security <br />Instrumeni, including protecting and/or assessiag the value of the I'roperty, and securing and/ar repairing <br />the Praperty. Lender's actions can include, but are not lEmited to: (a) paying any sums secured by a lien <br />which has priority over thls 5ecurlty Instrument; (b) appearing in court; and �e) paying reasonable <br />attorneys' fecs to pratect its interest in the Property and/or rights under this Securily ]nstrument, including <br />its secure� positian in a bankcuptcy proceeding. Securing the P�nperty indudes, 6ut is nat limited ta, <br />entering the Pro�erty to make repairs, change locks, replace or board up daors and windows, drain water <br />from pipes, eliminale building or other code violations or dangerous conditians, and have utilities turned <br />an or off. Although Lender may take action under this Section 9, Lender does nat have tv do so and is nol <br />under any dut�+ or obligation la da so. II is agreed that Lender incurs no liability fvr nat taking any or all <br />actions authonze� under th9s Section 9. <br />Any arnouets disbursed by Lender under this 5ecteon 8 shall hecome addilional debt of Barrower <br />secured by ihis Security Instrument. These amounis s�all bear interesl at tLe IVote rate from the date of <br />disbursement and shall be payable, wilh such inkerest, upnn nalice fram Lender la Borrower requesting <br />payment. <br />lf this Security Inswmenl is on a leasehold, Borrower shall comply with all the provi�ions of the <br />lease. If $orrower apquires fee title to the Property, the lqsehold and the Fee title shall not merge unless <br />Lender agrees to the merger 1n writing. <br />1fl. Mortgage Insur�ace. If Lender required Mortgage Insurance as a condilion of making the Loan, <br />Borrower shall pay the premiums required tn maiatain the MoPt�age lnsurance in effect. If, far any reasnn, <br />the Mortgage Insurance caverage required by Lender ceases ta �ie a�ailable from ihe morlgage insurer thal <br />previously provided such insurance and Borrower was required ta make sepatately designated paymertts <br />taward the premiums for Mortgage Insurance, Barrower shalt pay the premiums required la obtain <br />coverage subslantially equivalent to the Murlgage Insurance prev�ously itt effeCt, al a Cost substantially <br />equiva[ent Ia the cost ta Bnrrower of the Mnrtgage lnsuranee previpusly in effeci, from an alternate <br />moRgage insur�r selected 6y Lender. If substantially equivalent Mortgage �nsurance COverage is not <br />avaIla6le, Barrower shall contiaue to pay to Lender the amaunl of the separately designated payments that <br />were due when Ihe insurance coverage ceased to be in effe�l. Lender witl accept, use and retain these <br />payments as a non-reFundable lass reservs in lieu of Mortgage Insurance. Such loss reserve shall be <br />non-refundable, notwithstanding the fact lhat the Loan is ultimalely paid in fall, and Lender shall not be <br />requ9red tn pay Barrower any interest or earnings an sach loss reserve. Lender cazt no la�ger require luss <br />reserve payrnents if Mortgage Insurance coverage (isi the amount and far the period that Lender requires) <br />provided by an insurer selected by I.ender again beeomes ava9lable, is obtained, and I.eader requlres <br />separately deslgnated payments toward the premiums for Mortgage Insurance. If Lender required Marlgage <br />Insurance as a cnnditinn of making the Loan and Borrower was required to rnake separately designated <br />payments toward Ihe premiums for Morlgage lnsurance, Sonrower shal� pay the premiums requlred to <br />maintain Mortgage Insurance ln effect, or to provlde a non-refundable lass reserve, until Lender's <br />requirement far Mortgage Insurance ends in accordance with aey written agreement behveen Borrower and <br />Lender proriding for such termieation o� until tcrmtnation is required by Applicahle [.aw. Nothing in thls <br />Sectinn 10 affects Bozrower's obligation to pay interesi at the rate pmvided in the Nnle. <br />Martgige Cnsurance rei�nburses Lender (or any entity ihat pnrchases the Note} for certain las�es it <br />may iacur if Borrower does not repay the Loan as agreed. Borrowcr Is nvt a party to lhe Mnrtgage <br />Insurance. <br />Mortgage insurers evaluate their lotal risk on �11 such insurance in fo�ce from time la time, and may <br />enter intn agreements wilh other part�es that share or modify their risk, or reduce losses. These agreements <br />are on terms and conditia�ls that are satisfactary to the morigage insurer and the other party (ar pazties) to <br />these agreernents. These agreements may require We martgage insurer to make payments using any source <br />of funds that the mortgage insurer may have avallable {which may include funds obtained from Mnrtgage <br />lnsurance premiums) . <br />001122289352 CitiMartgage 3.2.42.47 VS <br />N�RASKA -$ingle Psmily • Fatlrllf Mi�i1F'YddY MAC UNIFORM INSTRUMF3�FT W M <br />��A(NE7 ros�ol v. e or ia rru.g: _.�. ' Form 3028 1lA1 <br />
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