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20110301�
<br />9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. If
<br />(a) Borrower fails to perform the covenants and agreements contained in this Security Instrument, (b) there
<br />is a legal proc�eeding that might significantly aff�t Lender's interest in the Property and/or rights under
<br />this Security Instrument (such as a proc,eeding in bankruptcy, probate, for condemnation or forfeiture, for
<br />enforcement of a lien which ma,y attain priority over this Security Insmiment 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 S�urity
<br />Instrument, including protecting and/or assessing the value of the Property, and securing and/or repairing
<br />the Property. Lender's actions can include, but aze not limited to: (a) paying any sums secured by a lien
<br />which has priority over this Security Instrument; (b) appearing in court; and (c) paying reasonable
<br />attorneys' fees to protect its interest in the Property andlor rights under this Se,curity Instrument, including
<br />its secured position in a bankruptcy proceeding. Securing the Property includes, but is not limited to,
<br />entering the Property to make repairs, change locks, replace or boazd up doors and windows, drain water
<br />from pipes, eliminate building or other code violations or dangemus conditions, and have utiliries turned
<br />on or off. Although Lender may take action under this Section 9, I,ender 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 />.4ny amounts disbuised by Lender untler this Section 9 sh�ll become a�ditional debt of Borrower
<br />se.ce�red by this Security Tnctn�m�t, These amounts sha1S bear interest at the Note rate from the date of
<br />c�sbursement an� shall be payabie, with such interest, upon notice from �.ender to Borrower rec�uesting
<br />payment.
<br />If tius 5�urity instrument is on a leasehold, Borrower shall comply with ati the provisions of the
<br />Iease. If Bonower accluires fee title to the Fropercy, the Ieasehold and the fee title s�ra�l not merge unless
<br />Lender agrees ta the merges in writing.
<br />10. Mortgage InsuFance. If Lender require� Martgage Insvrance as a condition of �a.king the Loan,
<br />�rrower shall pay the premiwns reguired to maintain tt�e Mortgage Insurance in effect. If, for any reason,
<br />the Mortgage Tnc,�r�c� coverage requ.ired b� Lenc�er ceases to be available from t3ae martgage insurer that
<br />previously providec} such insurauce anc� Barrower was required to make separately ctesignated payments
<br />toward. the premiums for Mortgage Insurance, Bflrrovaer shall pay the premiums required to obtain
<br />coverage substaaitially ec�ui�atent to the Mortgage Insurance previously in effect, at a cost substantiaiiy
<br />equivalent to the cost to Borrower of the Mortgage Insurance previously in effect, from an alternate
<br />mortgage insurer sele,cte� by Lender. If substanrially equivalent Mortgage Insurance coverage is not
<br />available, Bonower shaIl continue to pay to I.ender the amount of the sepazately designated payments that
<br />were due when the insurance coverage ceased to be in effe,ct. Lender will accept, use and retain these
<br />gayments as a non-ref�ndable Ioss reserve in lieu of Mortgage Insurance. Such Ioss reserve shall be
<br />non-refundable, notwinc�rand�ng ttie fact that the I.oan is ultimately paid in fiill, and Lender shall not be
<br />required to pay Borrower any interest or earnings on such Ioss reserve. Lender can no longer require loss
<br />reserve payments if Mortgage Insurance coverage (in the amount and for the period that Lender requires)
<br />provi�ed by an insurer selected by Lender again becomes available, is obtained, and Lender requires
<br />separately designated paymeuts toward the premiums for Mortgage Insurance. If Lender required Mortgage
<br />Tnsurance as a condition of making the Loan and Borrower was required to make separately designated
<br />payments toward the premiums for Mortgage Insurance, 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 />requirement for Mortgage Insurance ends in accordance with any written agreement between Bonower and
<br />Lender providing for such termination or until termination is required by Applicable Law. Nothing in this
<br />S�tion 10 affects Borrower's obligation to pay interest at the rate provided in the Note.
<br />Mortgage Insurance reimburses Lender (or any enrity that purchases the Note) for certain losses it
<br />may incu.r if Bonower does not repay the Loan as agrced. Bonower is not a party to the Mortgage
<br />Instuance.
<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 share or modify their risk, or reduce losses. These agreements
<br />are on terms and conditions that are sarisfactory to the mortgage insurer and the other party (or parties) to
<br />these agreements. These agreements may require the mortgage insurer to make payments using any source
<br />of fvnds that the mortgage insurer may have available (which may include funds obtained from Mortgage
<br />Insurance premiums).
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />�-6(NE) (081�) PageB of 15 Init�als: Form 3028 1/01
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