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2oiioo37; <br />9. Protection of I.,ender's Interest in the Property and Rights Under this Security Instrumen� If <br />(a) Borrower fails to perforxn the covenants and agreement,R contained in this Security Tnstrument, (b) there <br />is a legal proceedrng that might significantly affect Let�der's interest in the Property and/or rights under <br />this Security Tnstrument (such as a proceeding in banlmiptcy, probate, for condemnation or forfeiture, for <br />enforcement of a lien which may attain priority over this Security Instrument or ta enforce laws or <br />regulations), or (c) Borrower has abancioned the Properiy, then Lender may do and pay for whatever is <br />reasonable or appropriate ta protect Lendet's interest in the Property and rights under this Security <br />Instrument, including protecting and/or assessing the value of the Properiy, and securing and/or repairing <br />the Property. Lender's actions can include, but are not limited to: (a) paying any sums secured by a lien <br />whrch has priority over thrs Security Instrument; (b) appearing in court; and (c) paying reasonable <br />attorneys' fees ta protect its interest in the Property and/or rights under this Se�urity Instrument, induding <br />its secured position in a bankruptcy proceeding. Securing the Property includes, but is not lirnited to, <br />entering the Property ta make repairs, change locks, replace or board up doors and windows, drain water <br />from pipes, Blimrnate building or other code violations or dangerous conditions, and have utilities turned <br />on or off. Although Lender may take action under this Section 9, Lender does nat have to do sa 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 />actrons authorized under this Section 9. <br />Any amounts drsbursed by Lender un.der this Section 9 shall become additional debt of Borrower <br />secured by this 5ecurity Instrument. Thase amounts shall bear interest at the Note rate from the date of <br />disbursement and shall be payable, with such interest, upon natice from Lender to Borrower requesting <br />payment. <br />If this Security lnstrumet�t is on a leasehold, $orrower shall comply with all the provisions of the <br />lease. If Borrower ac�uires fee title to the Property, the leasehold and the fee title shall not merge unless <br />Lender agrees to the merger in writrng. <br />10. Mortgage Insurance. If Lender required Mortgage Insurance as a candition of making the Loan, <br />Borrower shall pay the premiurns required to maintain the Mortgage Tnsurance in effect, if, for any reason, <br />the Mortgage Insurance coverage required by Lender ceases to be avariable from the mortgage insurer that <br />previously provided such insuirance and Bor;rower vvas re�uired to make separately desrgnated paymenis <br />toward the premiums for Mo.rtgage Insurance, Sorrower shall pay the premiums required to obtarn <br />coverage substantially equivalent to the Mortgage in. surance previously in effect, at a cost substantially <br />equivalent to the cost to Borrower of the Mortgage Insurance previously in effect, from an alternate <br />mortgage insurer selected by Lender. If substantially �uivalent Mortgage Insurance coverage rs not <br />available, Borrnwer shall contir►ue to pay to Lender the amount of the separately designated payments that <br />were due when the insurance coverage ceased to be rn ef�ect. Lertder will accept, use and retain these <br />payments as a non-refundable loss reserve rn lieu of Mortgage Insurance. Such loss reserve shall be <br />non-refundable, notwithstanding the fact that the Loan is ultrmately paid in full, and Lender shall not be <br />required to pay Borrower any interest ar earnings on such loss reserva. Letider can no longer require loss <br />reserve payments if Mortgage Insurar►ce coverage (in the arnount and for the period that Lender requires) <br />provided by an insurer selecte�i by Lender again becames available, is obtained, and Lerider requires <br />sepazately designated payments toward the premiuxns for Mortgage Insurance. If Lendec required Mo.rtgage <br />Insua'ance as a condition of making the Loan and Borrower was raquired to make separately designated <br />payments taward the premiums for Mortgage Insurance, Bortower shall pay the prezniums required to <br />maintain Mortgage Insurance in effect, or to pravide a non-refundable loss reserve, until Lender's <br />requirement for Mortgage Insurance ends in accordance with any written agreemerAt between Borrower and <br />Ler►der providrng for such ternunation or until tern�ination is required by A.pplicable Law. Nothing in this <br />Section 10 affects Borrower's obligatron to pay interest at the rate provided in the Note. <br />Mortgage Tnsurance t'eimburses Lender (or any er►tity that purchases the Note) for certain losses it <br />may incur if Bonrower does not repay the Loan as agread. Barrower is nat a party to the Mortgage <br />Insurance. <br />Mortgage insurers evaluate their total risk on all such insurance in force from titne to time, attd rnay <br />enter into agreements with other parties that share or modrfy their risk, or reduce losses. These agreements <br />are on tenns and conditions that are satrsfactory to tbe mortgage insurer and the other party (or parties) to <br />these ageements. These agreements may require the mortgage insurer to mxke payrnents using any source <br />of funds that the mortgage insurer may have available (which may include funds obtained from Mortgage <br />Insurance premiums). <br />2200091456 n v�p� <br />NEBR/�SKA - 5ingle Family - Fannle Mae/Freddle Mac UNIFORM INSTRUMEN7 WfTH MERS — <br />�-6A(NE)1oa�o1 Pege B of 15 in�t;eis: � Form 302$ 1/01 <br />e <br />� <br />