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20110387G
<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 affect Lender's interest in the Property and/or rights under
<br />thts S�urity Instrument (such as a pmce�ding in bankruptcy, 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) Bonower 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 and/or repairing
<br />the Property. Lender's actions can include, but aze not limited to: (a) paying any sums secuzed by a Iien
<br />which has priority over this Security Instrument; (b) appearing in court; and (c) paying reasonable
<br />attorneys' fees to pmtect its interest in the Property and/or rights under this S�urity Instrument, including
<br />its se,cured posirion in a banla�uptcy proceeding. Securing the Property includes, but is not limited to,
<br />entering the Property to make repairs, change l�ks, replace or board up doors aud windows, drain water
<br />from pipes, eliminate building or other code violations or dangerous conditions, and have utiliries turned
<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 or obligarion to do so. It is agreed that Lender incurs no liability for not taking any or a1I
<br />actions authorized under this Section 9.
<br />Any amounts disbursed by Lender under this Secrion 9 shall become actditionai debt of Bormwer
<br />secured by this Security Instrument. These amounts sd�all bear interest at the l�ote rate from the date of
<br />disbursement and sha11 he payabie, wit.�, such interest, upon notice from T.ender to Borrower rec�uesting
<br />PaYment• .
<br />If tTus Security Instrument is on a leasehold, Bonower shall compIy with alI the provisions of the
<br />lease. If Borrower ac�ui,res fee title to the Property, the leasehold and the fee title s�ia1l not inerge uniess
<br />Lender agre�s te the merger in writing.
<br />10. M�age �rance. If Lenrler requir� Mortg�ge Insurance as a condition af making the L.oan,
<br />Bonower shalt p�y tfie premiums required to maintau�c tke Mortgage Insurance in effect. If, foi any reason,
<br />the Mortgage Insurance coverage req by Lender ceases to be avaiIable fmm the mortgage i�urer that
<br />previously provic� sucfi insurance and Borrower was required to make segatately ctesign$ted gayruents
<br />toward the premi�ams for Mortgage Insurauce, Borrower shall pay the premiums requir� to obtain
<br />coverage substantially equivatent to the Martgage Insurance previously in effect, at a cost substantiatly
<br />equivalent tQ the cost to Borrower of the 1Vlortgage Insurance previousty in effect, from an aItemate
<br />mortgage insurer selected by Lendes. If substantially equivalent Mortgage �nsurance coverage is not
<br />available, Bonower shall continue to pay to L,ender the amount of the separately designateci payments that
<br />were due when the insurance coverage ceased to be in effect. Lender will accept, use and retain these
<br />payments as a nva refunc�able Ioss reserr�e in lieu of Mortgage Insurance. Such loss reserve shatl �
<br />non-refunc�abte, notwithstanding the fact that the Loan is ultimately paid in full, and Lender shatl not be
<br />required to pay Borrav�er any interest or earnings on such loss reserve. Lender can no longer require Ioss
<br />reserve paymerns if l�ortgage Insurance coverage (in the amount and for the period that Lender rec}uires)
<br />provided by an insurer selected by L.ender again becomes available, is obtained, and Lender requires
<br />separately designated payments toward the premiums for Mortgage Insurance. If Lender required Mortgage
<br />Insurance as a condirion of making the Loau and Bonower was required to make separately designated
<br />payments towazd the premiums for Mortgage Insurance, Borrower shall pay the premiunzs required to
<br />maintain Mortgage Insurance in eff�t, 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 affects Bonower's obligarion to pay interest at the rate provided in the Note.
<br />Mortgage Insurance reimburses Lender (or any enriry that purchases the Note) for certain losses it
<br />may incur if Bonower 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 agr�ments. 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(WE) (0811) PageB of 15 Initials:
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<br />Form 3028 1/01
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