201100040 - Laserfiche WebLink

Browse

f►•II� f [IZIIIi[I7 9. Protection oP Lender's Ynterest in the Property aud Rights Under khi� Security In�trument. If (a) Borrower fails ta perform the covenants and agreements contaiuued in this Sccurity Instrument. (b) there is a legal procecding that inight significantly affect Lender's interest in the Property and/or rights under this Security Instrument (such as a pmceeding in bankruptcy, probate, for condcmnation or forfciturc, for enforcement of a lien which may attain priority over this Security Instrument or to cnforce laws or regulations), or (c) Borrawer has abandoned the Property, then Le�er may do and pay for whatever is re.asonablc or apprapriate to protect Lender's interest in the Property and rights under this Security Tnstrument, includ'ang protecting and/or assessing the valuc of khc Property, ar�d secnring and/or xepairing the Property. Lendcr's actions can include, but arc not lunited to: (a) payiug any sums secured by a lien which has priority over this Security Instrument; (b) appearing ia court; and (c) paying reasonable attorneys' fees to protect its interest in the Property and/or rights under this Security Instruznent, including its secured position in a banlcruptcy proceeding. Securi�g khe Property iu�cludes, but is not limited to, ent�ring the Pmperty to make repairs, change locks, replace or board up doors and windows, drain water from pipes, clivainate building or other cocic violations or dangerous conditinns, and have utilities turned on or aff. Although Lender may take action under this Section 9, Lender dacs not have to do so and is not under any duty or obligation to do so. It is agreed that Lcnder incurs no liability for not taking any or all actions authorized under this Section 9. Any amounts disbursed by I,e�er under this Section 9 s�aall bccome-additioaaal debt of Borrowcr secured by this Security Inst�vment. These amounts shall bear interest at the Note rate from the date of disbursement and shall bc payable, with such interest, upon r�oticc from Lender to Borrower requesting payment. If this Security Insuument is on a leasehold, Borrower shall comply with all the provisions of the leasc. If Borrower acquires fee tidc to the I�roperty, the leasehold and the fee title shall not merge unless Lendear agrces W the merger in writing. 10. Mortgage Ineurance. If Lender x�equired Mortgage Insurance as a candikian of malcing the Lnan, Bnrrawer shall pay the premiu�rr�s requircd to maintain the Mortgage Insurance in effect. If, for az�y reason, the Mvrtgagc Insurance covcrage required by Lender ceases ta be available from thc mortgagc insurcr that previously providcd such insurance and Borrow�r was required to make scparately designated payments toward thc premiums for Mortgage Insurance, Borrower ahall pay tho pxex.niums reqnired to obtain covexage substantially equivalent to the Mortgage Insnrancc prcviously in effect, at a cost substantially equivalent to thc cost to Boxrowcr of the Mortgage Insurance previously in effect, fram an alt�rnatc mortgagc insurer selcctcd by Lender. If substantially equivalent Mortgage Insurance coverage is not availablc, Borrowcr shall conkinue to pay to Lendcr thc amount of the separately designiated payments that were due when the insurance coverage ceased to be in effect. Lendor will accept, use and retain these payments as a non-refiwdable lnss reserve in lieu of Martgage Insnrance. S�ch loss reserve shall be non-refundable, notwithstanding the fact that the I.aan is ultimately paid in full, and I..ender sriall nat be requirul to pay Borrower any interest or earnings on such loss reserve. Lender can no Innger require loss reserve paymcnts if Mprtgage Insurance coverage (in the amount and For the period that Lender requires) provided by an insurer selected hy Lender again becomes available, is obtained, and Lender requires separately designated payments toward the prenniums for Mortgage Insurance. If I,ender required MoRgage Insurance as a condition of making thc Loan and Borrower was required to make separately designated paymaents toward the premiums for Mortgage Insurance, Horrower shall pay tha premiums nquired W maintain Mortgage In� in effect, or to provide a non-refundable lass reserve, until Lender's rcquirement for Mortgage Insurance ends in accordance with any written agreement between Borrower and Lender providing for such termination or until termination is required by Applicable Law. Nathing in this Section 10 affects Horrower's obligation to pay interest at the rate provided in ttte Note. Mortgage Insurance reimbu�rses Lender (or any entity that purchases the Note) for certain losses it may incur if Borrower does not repay the Lnan as agreed. Sorrower is nat a party to tlie Mortgage jncnrnncr, Mortgage insurers evaluate thcir total risk on all such insurance in force from time to time, and may enter into agreemenis with other parties that share or modify their risk, or reduce losses. These agreements are on terms and conditions ihat are satisfactory to the mortgage insurer and the other party (or parties) ta these agreemcnts. Thesc agrecmcnts rnay require the martgage insurer to maks payments using any source of funds that the mortgage inswrer may have available (which may include funds obtained from Mortgage Insurancc premiums). 2300019749 D Vf�T� NEBR4SKA - 5inyle Family - Fannls AAaelRrsddie Mac UNIF�RM INSTRUMENT WITH �RS�y1+J ��BA(NE) Peqe e v} 1 b ��p Foml $028 7/01