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<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 proceeding that might significantly affe,ct 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 priority over this Security Insm�ment 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 I.ender's interest in the Property and rights under this Security
<br />Instrument, including prot�ting and/or assessing the value of the Property, and securing and/or repairing
<br />the Property. Lender's acrions can include, but are not limited to: (a) paying any sums secured by a lien
<br />which has priority over tlus Security Insmiment; (b) appearing in court; and (c) paying reasonable
<br />attomeys' fees to grotect its interest in the Property andlor rights under this Security Instrument, including
<br />its secured position in a banlauptcy proceeding. S�uring the Property includes, 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 conditions, and ka�e utilities turned
<br />on or off. Although Lender may take action under this Se,crion 9, Lender does not have to do so and is not
<br />under any duty or obligation to do so. It is agreed tha.t Lender incurs no liability for not taking any or alI
<br />acrions authorized under this Section 9.
<br />Any amounts disbursed by Lender under this Secrion 9 shall become additicmal debt of Borrower
<br />secui�ed. by this Se,curity �nstnunent. These amounts shall bea.r interest at the IVote rate from the date of
<br />disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting
<br />Payment• .
<br />If this Security Instrument is on a leasehold, Borrower shall camply with all the provisions of the
<br />lease. If Borrower acquires f� title to the Property, the leasehold and the fee title shall not merge unless
<br />L.ender agrees to the merger in writing.
<br />10. Moetgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan,
<br />Borrower shatl pay ttte premiums requirect to maintain the Mortgage Insurance in eff�t. If, for any reason,
<br />the Mortgage Insuraace coverage required by Lender ceases to be available from the mortgage insurer that
<br />previously provided sach insurance and Borrower was required to make �arately designated payments
<br />toward the premium.s for Mortgage Insurance, Borrower sha11 pay the premiums required to obtain
<br />coverage substan.tially equivalent to the Mortgage Insurance previously in effe,ct, at a cost substanrially
<br />equivalent to the cost to Borrower of the Mortgage Insurance previously ia effect, from an alternate
<br />mortgage insurer selected by Lender. If substanrially equivalent Mortgage Insurance coverage is not
<br />available, Bonower shall continue to pay to Lender the amaunt of the separately designated payments that
<br />were due when the insurance coverage ceased to be in effect. Lender wilt accept, use and retain these
<br />payments as a non refundable loss reserve in lieu of Mortgage Insurance. Such loss reserve shall be
<br />non-refundable, notwithstanding the fact that the I.oan is ultimately paid in full, and Lender shall nflt 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 Insurance coverage (in the amount and for the period that Lender requires)
<br />provided by an insurer selected by Lender again becomes available, is obta.ined, and Lender requires
<br />separately designated. payments towazd the premiums for Mortgage Insurance. If Lender required Mortgage
<br />Insurance as a condition of making the Loan and Borrower was required to make separately designated
<br />payments toward the premiums for Mortgage Insurance, Borrower sha1T 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 Borrower and
<br />Lender providing for such termination or until terminarion is required by Applicable Law. Nothing in this
<br />Section 10 aff�ts Borrower's obligation to pay interest at the rate provided in the Note.
<br />Mortgage Insurance reimburses Lender (or any entiry that purchases the Note) for certain losses it
<br />may incur if Borrower does not repay the Loan as agrced. Borrower is not a party to the Mortgage
<br />Insurance.
<br />Mortgage insurers evaluate their total risk on a11 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 condirions 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 payments using any source
<br />of funds that the mortgage insurer ma.y 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) ros��) Page 8 of 15 initiai :' Form 3028 1/01
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