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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: <br />m <br />Form 3028 1 /01 <br />r <br />0 <br />t. y' ,� �t ,"' i' c E� " ry <br />e <br />