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<br />9. Protection of Lender's Intearest in the Property and Rights Under thi� 5ecvrity Inettrum�nt. If
<br />(a) Bonrower fails to perform the covenants and agreements contained in this Security Instrument, (b) there
<br />is a legal proceeding that might significantly affcct Lender's intcrest in the Property and/or rights uncier
<br />this Security Instrument (such as a proceeding in 6ankruptcy, probate, for condemnativn or forfeiture, for
<br />enforcement of a lien which may attain priority over this Security Instnunent or to enfarce laws or
<br />regulations), or (c) Bcyrrower has abandoned the Property, then T,ender may do and pay for whalever is
<br />reasonable or apparoprixte to protect Lender's intcrest in the I'xoperty aad rights under this Securiry
<br />lnstrument, including protecting andlar assessing the valne of lhe Property, and securing andJor repairing
<br />khe Properiy. I,ender's actions can include, but are not limited to: (a) paying any sums sec:ured by a lien
<br />which has prir�rity over this Security Instrument; (b) appearing in court; and (c) paying reasonable
<br />attomeys' fees to prolect its iuxlerest in the Property andlor rights under this SecuriCy Insl.rument, inc:ludin�
<br />iks secured position in a bankruptcy proceeding. Securing the Property includes, bnt is not limuted to,
<br />entering the Property to make repairs, change locks, replace or board up doors and windaws, drain water
<br />fram pipes, eliminate building or other code violations ar dangerous conditions, and have ntilities turned
<br />on or off. Although I,ender may take au:tion under this Section 9, Lendcr does not have to do so and is not
<br />under any duly or obligation tc� do so. Il is agreed lhat Lencier imr:urs no liability for not taking any ar atl
<br />actions authorized under thi� 5ection 9.
<br />Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower
<br />secured by this Security lnstru�nent. These amounts shall bear interest at thc Note rate from the date of
<br />disbursement and shall be payable, with such intetest, upon nc�cice from Lender to Borrower requcsting
<br />payment.
<br />if this Security Instrumenk is on a leasehold, $orrower shall comply with all the pmvisions of khc
<br />lease. If Borrower acquires fee litle to the Property, the leasehold and the fee title shall nol rnerge unless
<br />Lender agrees ta the merger in writing.
<br />10. Mortgage Insuranee If i.ender required Mortgage Insuran�:e as a conditi�a af tnaking the T.oan,
<br />Borrowex shall pay the premiums requircd ta mainta;in the Martgage lnsurance in effec:t. If, for any reason,
<br />the Mortgage Insurance coverage requireri by Lender c:eases to be available from tlxe nwrtgage insurer chat
<br />prcviously provided such insurancc and Borrower was required lo make separatcly dcsignatcd paymcnts
<br />toward the pxemiums for Mortgage Insurancc, Banower s�all pay the premiutns required to obtain
<br />coverage substantially equivalent to the Mortgage Tnsurance previously in effect, at a cost substankially
<br />equivalent ta the cost to Borrower of the Mvrtgage Inisurance previously in effect, from an altcrnate
<br />mortgage insurer selected by Lender. lf substantially equivalent Mortgage Insurance coverage is not
<br />availablc, Borrowcr shall continue tn pay to Lender the amount of thc scparately designated paymenls thac
<br />were due when the insuranc:e coverage ceased to be in effect. Lender will accept, use and retain these
<br />payments as a nan-refundable loss reserve in lieu of Mortgage Insurance. Such loss reserve shall he
<br />n�n-refundable, notwithstanding We fact t.hat the Loan is ultimately paid in full, ar�d I,ender shall not be
<br />required to pay Borrower any interest or earnings on such loss reserve. LEnder can no longer require loss
<br />reserve payments if Mortgage Insuurance coverage (in the amount and for the pc�'iod that Lender requires)
<br />provided by an insurer selecked by Lender again becomes availablc, is obtained, and L.ender reyuires
<br />separately designated paytner�ts toward the premiums for Morigay,e Insurance. if T.,ender required Mortgage
<br />Insurance as a condition vf making the Loan and Borrower was required to make separately designated
<br />payments toward the prerniums for Morigage Insurance, Borrower shall pay the pre�niums required w
<br />maintain Mortgage Insurance in effect, or to provide a non-refundable loss reserve, until I.cnder's
<br />requirement for Mortgage I�nsurance encis in accordance with any writtcn agreement between &�rrower and
<br />Lencier providing for such terminxtion or until termination is requircd by Applicable Law. Nolhing in this
<br />Section 10 aFfects Borrower's obligation to pay inlere5t at the rate provided in thc Note.
<br />Mortgage Insurance reimburses Lender (or any entity that purchases We Note) for certain losses it
<br />may incur if Borrnwer does not rcpay #he Loan as agreed. Borrower is not a party to thc Mortgage
<br />Insurance.
<br />Mortgage insurers evaluate their total risk on all such insurance in force fram time to time, and may
<br />enter into agreements with other parties that share or modify their risk, or reduce losscs. '1'hese agreement�s
<br />are on terms and conditions that aze satisfac:lury to We morigage insurer and the other party (or parties) lo
<br />these agreements. These agreements �x►ay require the morlgage insurer to make payments using any saurce
<br />of funds that the in�rtgage insurer may have available (which inay include funds obtaincd fram Martgage
<br />Insurance premiums).
<br />NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSI'RUMENT WITH M RS
<br />�-6AINE) wa� or paee a o� i s �nivels: Form 30Z8 1/01
<br />III I�I�II I��II� II,IN II� �� �I�'lll�� I I�II
<br />q03]40443477 0233 479 0815
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