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201105683
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8/2/2011 8:48:46 AM
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8/2/2011 8:48:45 AM
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201105683
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20�1056�� <br />9. R of Lender's Interest in the Property and Rights Under this Secarfty Iastrument If <br />(a) Bozrower fails to perform the covenants and a�reeme�ts contained in this Security Insh�ument, (b) there <br />is a legal proceeding that might significaatly affect Lendez's interest in the Property and/or rights tmder <br />this Security Tnstrumenct (such as a proceeding in bankniptcy, probate, for condemnation or forfeiture, for <br />enforcement of a lien which may attain priority ov�er this Security Tnstrument or ta enforce laws or <br />regulations), or (c) Borrower has abandoned the Property, the,n isnder may do and pay for �vhatever is <br />reasonable or appzopriste to protect Lender's interest in the Property and rights under this Security <br />Instrument, including proiecting and/or ass�ing the value of the Property, aad securing and/oz repairing <br />the Property. Lender's ac#ions cau include, but are not limited to: (a) paying any sums secured by a lien <br />which has priority aver this Security Instcument; (b) appearing in cour� and (c) paying reasonable <br />attorneys' fees to prote.ct its interest in the Property andlar rights under tlus Security Instrument, including <br />its secured position in a ba�ikivptcy proceeding. Securing the Property includes, but is not li�mted to, <br />entering the Property to make repairs, change locks, replace or board up doors and windows, drain water <br />from pipes, eliminate bUilding oz other code violations or dangerovs coaditions, and have utiliti� turned <br />on or off. Aithoug� Lender may take action under this Section 9, Len.der does not have to do so and is not <br />under any duty ar obligation to do so. It is agreed that Lender iacurs no liability for not taking any or all <br />actians authorized under this Section 9. <br />Any amounts disbursed by Lender under this Section 9 sl�all becvme additional debt of Honrower <br />secured by this S�rity Tnstniment. These am�ounts shaU bear i�ezest at the Note rate from the date of <br />disburse�nern and shall be payable, with such inter�st, upon notice from Lender to Bozrower requestin$ <br />pay��- . <br />If thls Security Insmiment is o�ai a leasehold, Boarower shall compiy with all the provisions of the <br />lease. If Borrower acquixes £ee tifle to the Property, the leasehold and the fee title shall nat merge unless <br />Lender agrees to the nnesger in wsiting. <br />10. Mortgage Insnrance. If Lender requized Mortgage Insurance as a crondition of making the Loan, <br />Brnrower shall pay the premiums required to maintain the Mortgage Ins�u�ance in effe,ct. 7:� for any reason, <br />the Mortgage Insurance coverage required by Lender ceases to be available from the mortgage insurer that <br />previously provided such insuraace and Boaower was required to a�ake separately designated payments <br />towazd the pzemiums for Mortgage Insurance, Borrower shall pay the premiums required to obtain <br />coverage substantiaUy equivalent to the Mortgage insurance previausly in effect, at a cost substantially <br />equivalern to the cost to Bonower of the Mortgage Insiu�nce previovsly in effect, fronn an alternate <br />mortgage insurer sele�t� by Lender. If substandally equivalem Martgage Insurance cavera�e is not <br />available, Borrower shall continue to pay to Lender the amount of the separately desiguated payments thai <br />were due whexi the insivance coverage c�ased to be in effect. Lendea wil] accept, use aad retain these <br />payments as a non-refundable loss reserve in lieu of Mortgage Insurance. Such loss ze.serve shall be <br />non-refundabie, notwithstand,ing the fact that the Loan is ulfimately paid in full, aad Lender sh�.11 not be <br />required ta pay Borrower any iaterest oz earnings on such loss reserve. Lender can no longer zequire loss <br />reserve payments if Moxtgage Insurance coverage (ia the amourrt and for th� period that Lender requires) <br />provided by an insurer sel�ted by Lender � in becomes available, is obta�ed, �d Lender requires <br />separately designa#ed payments toward tbie pzemiums foz Mortgage Insurance. If Lender required Mortgage <br />I�nsurance as a condition of makiag the Loar► and Borrower was required to make separately designated <br />payments toward the premiums for Mortgage Insivance, Bonower shall pay ti�e premiums required to <br />maintain Mortgage Insurance in effect, or to provide a non re�undable loss re,serve, until Lender's <br />re�uirement for Mortgage Tnsuranca ends in accordance with any written agreement betweea �nower aad <br />Lender providing for such term�ination or nntil terminatian is requir� by Applicable Law. Nothing in this <br />Section IO affects Borrowez's obligation to �ay interest at the rate provided in the Note. <br />Mortgage Insurance reimburs� Lender {or auy entity that purchases the Note) for ceitain losses it <br />may inct� if Borrower does not repay the Loan as agreed. Bozrower is not a party to the Mortgage <br />Insurance. <br />Moztgage inswrers evaivate their total risk on all such insurance in fozce from tzme to time, and may <br />enter into agreements with other parties that share or modify their risk, or reduce losses. These agreements <br />aze on terms and conditions that are satisfactory to the mortgage insurer aud the othea pariy (ar parties) to <br />thes� agreemenrs. These agreements may require the mortgage insurer to make paymeats using aay source <br />of funds that the mortgage insurer may have available (which may include fimds obtained from Mortgage <br />Jnsurance premiums). <br />2200149668 D �T6ANE <br />N�RASKA - Single Femily -�annle AAaelFreddie Mac UNIFORM INSTRUMd�IT WIT <br />�-6A(NE) tos�o) P�e s or �s irdn�8; �� •�• Form 3028 1/01 <br />� <br />
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