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�0�.�_+�O�S5 <br />9. Protection of Lender's Interest in the Property and Rights Under this Secarity Instrument. If <br />(a) Borrawer fails to perform the covenants and agreernents contained in this Security InstruznenC, (b) there <br />is a legal proceeding that might signi�icantly affect Lender's interest in the Property and/or rights undear <br />this SecuriCy Instrument (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for <br />enforcement of a lien which may attain priority over this Security Instrurnent or to enforce laws ar <br />regulations), or (c) Bnrrower 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 />Instnunent, including protecting and/or assessing the value of the Property, and securing and/or repairing <br />the Property. Lender's actions can include, but are not lirnited to: (a) paying any sums secured by a lien <br />which has priority over this 5ecurity Instrument; (b) appearing in court; 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 bankruptcy procceding. Securing th� Property includes, but is not limited to, <br />entering the Property to malce repairs, change locks, replace or board up doors and windows, drain water <br />fronn pipes, eliminate building or other code violations or dangerous conditions, and have utilities turned <br />on or off. Although Lender rnay take action under this Section 9, Lender does not have to 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 />actions 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. These arnounts shall bear interest at the Note rate from the date of <br />disbursement and shall be payable, with such interest, upon notice from X..ender to Borrower requesting <br />payment. . <br />If this Security Instrument is an a leasehold, Borrower shall cornply with all the provisions of the <br />lease. If Borrower acquires fee title to the Praperty, the leasehold and the fee title shall not rnerge unless <br />L,�nder agreES to the merger in writing. <br />10. Mortgage Insarance. If Lender required Mortgage Insurance as a condition of making the Loan, <br />Borrower shall pay the premiums required to maintain the MoRgage Insurance in effect. If, for any reason, <br />the Mortgage Insurance caverage required by L,ender r,eases to be available fronn the mortgage insurer that <br />previously provided such insurance and Borrower was required to make sepazately designated payments <br />toward the premiums far Mortgage Insurance, Borrawer shall pay the prem.iums required to obtain <br />coverage substantially equivalent to the Mortgage Insurazice previously in effect, at a cost substantially <br />equivalent to the cost to Borrower of the Mortgage Insurance previously in effect, frorn an alternate <br />mortgage insurer selected by Lender. If substantially equivalent Mortgage Insurance coverage is not <br />available, Borrower shall continue to pay to Lender the amownt of th� separately designated payznents that <br />were due when the insurance coverage ceased ta be in effect. I.,ender will accept, use and retain these <br />payments as a non-refundable loss reserve in lieu of Mortgage Insurazice. Such loss reserve shall be <br />non-refundable, notwithstanding the fact that the Loan is ultimately paid in full, az�d L.ender shall nat be <br />required to pay Borrower any interest or eainings on such loss reserve. Lender can no longer require lass <br />reserve payments if Mortgage Insurance coverage (in the arnount and for the periad that Lender requires) <br />provided by an insurer selected by Lender again becomes available, is obtaine�, and Lender requires <br />sepazately designated payments towazd the prerniunns for Mortgage Insurance. If Lender required Mortgage <br />Insurance as a condition of making the Laan and Borrower was required to make sepazately designated <br />payments toward the premiurns for Mortgage Tnsurance, Borrower shall pay the premiums required to <br />maintain Mortgage Insurance in effect, or to provide a non-refundable loss reserve, until Lender's <br />requirernent for Mortgage Insurance ends in accordance with any written agreernent between Borrower and <br />L.ender providing for such ternunation or until termination is required by Applicable I.,aw. Nothing in this <br />Section 10 affects Borrower's obligation to pay interest at the rate provided in the Note. <br />Mortgage Insurance reimburses Lender (or any entity that purchases the Note) for certain losses it <br />may incur if Borrower does not repay the I.aan as agreed. Borrowear is not a party to the Mortgage <br />Insurance. <br />Mortgage insurers evaluate their total risk on all such insurance in force from time to time, and may <br />enter into agreements with other parties that shaze or rnodify their risk, or reduce losses. These agreements <br />are on ternis and conditions that are satisfactory to the mortgage insurer and the other party (or parties) to <br />these agreements. These agreements may require the mortgage insurer to make payrnents using any source <br />of fiu►ds that the rnortgage insurer may have available (which may include funds obtained from MorCgage <br />Insurance premiums). <br />NEBRASKA - Single Family - Fannie Maa(Fraddie Mac UNIFORM INS7RUMENT <br />�-BINE) �osi i� Page 8 of 15 Initials: FOI'lll SOZH 1l07 <br />� �`1`/ <br />