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201105833
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Last modified
9/14/2011 12:32:52 PM
Creation date
8/8/2011 8:44:55 AM
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201105833
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2�i105S3� <br />9. Protection of Leader's Intere.�t in the P'roperty and Rights Under this Secnrity InstramenL If <br />(a) Borrower fails to perform the covanants and agreements caa[�med in this Security Instr�nem, {b) there <br />is a legal proceeding tha# might signific�nt�y affect Lender's i�nfiezest in the Praperiy and/ar rights under <br />this Sectaity Instr►nnent {such as a proceeding in bac►l�uptcy, probate, for condemnation ar forfeiture, for <br />enforcemem of a Hen which may attein priority over this Security instrumem or ta enforce laws or <br />regulations), or {c) Borrower has abandoned the Fraperty, tt►en Lender may do and pay for wha#ever is <br />reasoa�ble or apprapriate ta prvtect Lender' s interest in the Property and rigtrts ttnder fihis Security <br />Instrument, including protecting andior assessing the value of the Properiy, and s�uring and/or repairing <br />the Property. Lender' s a,dions can include, but are not limited to: {a} gaying any sums secured by a lien <br />wIrich has priority over this Seeurity Inslr�ess� (b) apPearing in court; sud {c) gaying r�sanable <br />attomeys' fees to prate,ct its intc�rest in the Property and/or rights under this Seeurifiy instrument, including <br />its s�ed position in a ban�uptcy proceeding, Securing the Property inclndes, but is not Iimited to, <br />entering the Property to make repairs, change locks, repIace or board up doors and windows, draia water <br />from pip�, eliminate building or ather eflde violations or dangerous conditions, and have urilities t�ned <br />on or o£� Although Lendex may take action under this Section 9, Lender does not have to da sa and is not <br />uuder any dnty or obligation to do so. I# is agreed that Len�der incurs no liability for nat taking any or alI <br />a�tions autharized umder this Seetion 9. <br />.An.y amounts disbursed by Lender under this Section 9 sh�ll become additional debt of Borrower <br />seciaed by fihis Security Instrument. These amounts shall bear i�erest at the Note rate from the date of <br />disbursement and shall be payable, with such. inteaest, upon notice fram Lender to Borrower requesiing <br />��If this Security Instrumzent is on a leasehold, �ouower shall aomply with all the pravisimis of the <br />lease. If Borrower acyuir� fee title ta the Praperty, the Ie�asehold and the fee title shall nat merge um1�s <br />Lender agrees to the merger in wtibwg. <br />10. Martgage Insaiance. If Lender reqvired A�ortgage Insurance as a candition of making the Laan, <br />Barrower shall pay the premiums required to maintain the Mortgage Insurance in affect. Tf, for any reason, <br />#he Mortgage Ins�uance coverage xequir� by Lender eeasas to be available from 1�e mortgaga insurer tbat <br />previousiy providad such insuranca and Borrawer was r�uirer] to maka separately d�signated payments <br />toward the prezniums for Mortgage Tnsurance, Borrower shall pay the premiums required to obtain <br />coverage substentially equivaleat to the Mortgage Insurance previously in effec� ai a cost substsatially <br />equivalent to the cost to Borrower of the Mortgage Insurauce previausly in effect, from an alternate <br />mortgage insurer salacted by Lendex. If suhsiantially e.�uivalern Mortgage Insuraace coverage is not <br />available, Borrcrwer aha11 continue ta pay #o Lender the amouat of the separately desig�ted payments that <br />were due when the insurance coverage ceased tn be in effect. Lend� will accept, use and retain fhese <br />paymeats as a non ref'nndable lasc resetve in lieu of Mortgage Insurance. Such loss reserve shall be <br />non-refundable, notwithstanding the £act that the Laan is ultimately paid in fu1l, end Lender shaU nat be <br />required to pay Borrower any i�erest or earaings on such Iass reserve. Lender can na longer require lass <br />reserve payments if Mortga�e Ins�nca coverage (in the amaunt and far the period ths�t Lender requires} <br />providad by an insurer selected by L�der again becomes ava�7able, is abtained, and Lender requires <br />saparatel.y designated payments toward the premiwns for Mortgage Insivance. If Lender required Mortg�age <br />Insuranc� es a condition of making the Loan and Borrower was required to malce separately designated <br />P$Yme�s toward the premiums for Mortgage Insc�rance, Barrower shall pay the premiums required to <br />ma.intain 1VIortgege Insurancx in eff�, ar to prov,ide a nau-refimdable loss reserve, tratil T�ender' s <br />requiremeat for Mortgage Insm�ance ends in accordance with any vvr€tten agre�m�rt hetween Borrower and. <br />Lender providing fnr such terminatian or until termination is r�uired by Applicable Law. Notbing in �is <br />Section 10 affects Borrower's obligatlarn to pay interest at the rabe provid�]. in the Note. <br />Mortgage Insuranee rei.mburses Lender {or azry etrtity that p�chases the Note) for certain. lossas it <br />ma.y incur if Borrower does not repay the Loan as agreed. Borrawer is not a pazty #a the Mortgage <br />Insurance. <br />Mortgage insurera svaluate their total risk on �11 such insvrance m faroe from time ta time, and may <br />entez iufo agreements with � parties that share or m� their risk, or reduce Iosse.s. These agreem�nts <br />are an terms and conditions th$t ate satisfactory to the martgage insurer and the other PartY (ar partias) to <br />these agreements. Th�e agr�ments may require the mortg�age insurer to make payments usi�ng any source <br />o� funds that the mortgage ins�er may have available (which may mclude funds obtained from Mortgage <br />Insuranc� premiwns). <br />2200156587 D V6ANE <br />NEBRA3KA - Singie Femily - Fan�e Rdaa/Frsddie Mac UNIFORM tNSTRUR+fEAfT WITH — <br />�-BAtiYH1(ost0) p�e e a! 16 initte�s Fomt 302$ 1/01 <br />
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