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20110�63�
<br />9. Prot�tion of Lender's Interest in the Property and Rights Under this Security Instrument. If
<br />(a) Borrower fails to perform the covenants and agre,ements contained in this Security Instrument, (b) there
<br />is a legal proc,eeding that might significantly affect Lender's interest in the Property and/or rights under
<br />this Security Instrument (such as a proceeding in banla�uptcy, probate, for condemnation or forfeiture, for
<br />enforcement of a lien which may attain priority over this Security Instrument 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 Security
<br />Instrument, including protecting and/or assessing the value of the Property, and securing andlor repairing
<br />the Properly. Lender's actions can include, but are not limited to: (a) paying any swns secured by a lien
<br />which has priority over this Security Instrument; (b) appearing in court; and (c) paying reasonable
<br />attorne�cs' fees to protect its interest in the Properly and/or rights under this Security Instrument, including
<br />its seeured posirion in a bankruptcy proceeding. S�uring the Property includes, but is not limited to,
<br />entering the Property to make repairs, change Iocks, replace or board up doors and windows, drain water
<br />from pipes, eliminate building or other code violations or dangerous conditions, and have utilities tumed
<br />on or off. Although Lender may take action under this Section 9, Lender does not have to do so and is not
<br />under any duty dr obligation to do so. It is agreed. that Lender incurs no liability for not taking any or all
<br />acriass aut�torized under this Secrion 9.
<br />t�ny amc�unts disburse� by Lender under this �ction 9 shall become adc�itianai debt of Borrower
<br />secured by this Security Instrument. These amounts shall bear interest at the Note rate from the date of
<br />disbursemeat and sha3� be payable, with such interest, upan notice from Lender to Borrower requesting
<br />payment. .
<br />If this Security Instrument is on a leasehold, Bflrrower shall comply with all the provisions of the
<br />Iease. If Borrc�wer ar,quires fee title to the Property, the leasehold and the fee title shall not merge untess
<br />Lentler agrees tQ tZze merger ia writing.
<br />1:0. ]�vlr►r�ge �raace. If Lenc�er required li�ortgage Insurance as a condition of making the Loan,
<br />Borrower shayl pay the premiu�ns requir� to maintaiII the Mor�gage Insu.rance ia effect. I€, for any reason,
<br />t�e Mortgage �uaizce coverage rec�uired by Lender ce�se.s to be available from the mortgage insurer that
<br />previously provid� such ;,,Ql,�n�P an� Borrower was r�uired to make separaiely designated payments
<br />towar� the pret�trms for Mortgage Insurance, Borrower sha11 pay the premiums required to obtain
<br />coverage substautiatly e�uiva�ent to the Mortgage Insuranc� previously in effect, at a cost substantially
<br />equivalent to the cost to Borrower of the Mortgage Tnsurance previously iu effect, from an alternate
<br />mortgage insurer selected by Lender. If substanrially equivalent Mortgage Insurance coverage is not
<br />available, Borrower shall continue to pay to Lender the amount of the sepazately designated payments that
<br />were due when the insurance coverage ceased to be in effect. Lender will accegt, use and retain these
<br />payments as a non-refunda.ble loss reserve in lieu of Mortgage Insuratice. Such loss reserve shail be
<br />uon-refiiudable, notwithstanding the fact tiiat the Loan is ultimately paid in futl, and Lender shall not be
<br />required to pay Borrower aay 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 obtained, and Lender requires
<br />separately designated payments taward the premiums for Mortgage Insurance. If Lender required Mortgage
<br />Insurance as a condirion of making the Loan and Bonower was required to make separa.tely designated
<br />payments toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to
<br />maintain Mortgage Insurance in effect, or to pmvide 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 terminarion or until termination is required by Applicable Law. Nothing in this
<br />Secrion 10 affects Borrower's obligation to pay interest at the rate provided in the Note.
<br />Mortgage Insurance reimburses Lender (or any entity that pu.rchases the Note) for certain losses it
<br />may incur if Borrower does not repay the Loan as agreed. Borrower 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 share or modify their risk, or reduce losses. These agreements
<br />are on terms and condirions that aze satisfactory to the mortgage insurer and the other party (or parties) to
<br />these agre.ements. These agreements may require the mortgage insurer to make payments using any source
<br />of funds 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) (0811) Page 8 of 15 Inkials:
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<br />Form 3028 1 /01
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