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2U1104?22 <br />9. Protection of Lender's Interest in the Property and Rights Under this $ecurity Instrument. If <br />(a) Borrower fails to perform the covenants and agreernents 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 may attain priarity over this Security Instrument or to enforce laws or <br />regulations), or (c) Borrower has abandoned the Property, then Lender may do and pay for whatever is <br />reasonable or appropriate to protect Lender's interest in the Property 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. Lender's actians can includa, but are not limited to: (a) paying any sutns secured by a lien <br />which has priority over this Security Instrument; (b) appearing in caurt; and (c) paying reasonable <br />attorneys' fees to protect its interest in the Property and/or rights under this Security Instrument, including <br />its secured position in a banlcruptcy proceeding. Securing the Froperty includ�s, 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 or other code violations or dangerous conditians, and have utilities turned <br />on or off. Although L,Qnder may take action under this Section 9, Lender does not have ta 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 />actians authorized under this Section 9. <br />Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower <br />secured by this Security Instrument. T'hese amounts shall bear intexest at the Note rate from the date of <br />disbursement and shall be payable, with such interest, upon notice fram 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 Borrower acquires fee title ta the Property, the leasehold and the fee title shall not merge unless <br />Lender agrees to the merger in writing. <br />10. Mortgage Insurance. If Lender required Mortgage Insurance as a condition 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 from the mortgage insurer that <br />previously provided such insurance and Borrower was required to make separately designated payments <br />toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to obtain <br />coverage substantially equivalent to the Mortgage Insurance previously in effect, at a cost substantially <br />equivalent to the cost to Borrower af the Mortgage Insurance pxeviously in effect, from an altemate <br />mortgage insurer selected by Lender. If substantially equivalent Mortgage Insurance coverage is not <br />available, Borrower shall conCinue to pay to Lender the amount of the separately designated payments that <br />were due when the insurance coverage ceased to be in effect. I,ender will accept, use and retain these <br />payments as a non-refundable lass reserve in lieu of Mortgage Insurance. Such loss reserve shall be <br />non-refundable, notwithstanding the fact that the Loan is ultimately paid in full, and Lender shall not be <br />required to pay Borrower any interest or earnings on such loss reserve. I.ender can na longer require loss <br />reserve payments if Mortgage Insurance coverage (in the amount and for the period that Lender requires) <br />provided by an insurer s�lected by Lender again becomes available, is obtained, and Lender requires <br />separately designated payments toward the premiums for Martgage Insurance. If Lender required Mortgage <br />Insurance as a candition of rnaking the Loan and Bot'rower was required to make separately designated <br />payments toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to <br />rnaintain Mortgage Insurance in effect, or to provide a non-refundable loss reserve, until Lender's <br />requirement for Mortgage Insurance ends in accordance with any written agreement between Borrower and <br />Lender providing for such terminatian or until termination 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 reirnburses Lender (or any entity that purchases the Note) for certain losses it <br />may incur if Borrower does nat repay the Loan as agreed. Borrower is not a party to the Mortgage <br />Insurance. <br />Mortgage insurers evaluate theix total risk on a11 such insurance in force from time to time, and may <br />enter into agreernents with other parties that share or modify their risk, or reduce losses. These agreements <br />are an 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 insurex to make payments using any source <br />of funds that the nnortgage insurer may have available (which may include funds obtained from Mortgage <br />Insurance premiurns). <br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />�-BlNE11os>>1 PageB of 15 i�ivais: �� Form 3028 1l09 <br />� <br />