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<br />.An.y amounts disbursed by Lender under this Section 9 shali become additional debt of Barrower secure� by this
<br />Securiity Instrument. �ktese amotzms shall bear interest at the Note rate from the date of disbursement and shall be
<br />payab�s, with such interest, upon notice from Y.ender to Banower requ�sting paynaent.
<br />�f tlais Security Ynsrrument is 'on a leasehold, Borrower shall compiy with all the provisions of the lease.
<br />Borro�ver shall not surrendez the Ieasehold estate and interests herein conveyed or termunate or cancel #he ground lease.
<br />Bonroiver shaIl not, without ttie exp�ress written conseut of LQnder, alter ar anane�ad the ground lease. If Borrower
<br />acquir�s fee title to the Property, the ieasehold and the fee title shall not merge uuless Lender agrees to the merger
<br />in writ►ng.
<br />lp. Mortgage Insurance. If I.endez zequired Mortgage Insurance as a condition of maldng the Laan, Borrower
<br />shaIl �ay the premiums required to maintain the Mortgage Insurance in effect. If, for aay reason, the Mortgage
<br />Insizcanc�e coverage required by L.endei ceases to be available from the mortgage insurer t.�at previously provi�derl such
<br />znsurance and Bozzower was required ta make separately designated payments tovvaxd the premi�s for Mortgage
<br />Insura�ce, Borrower shall pay the premiums required to obtain covera�e substantzally equivalent to ttte Mortgage
<br />Insurance previously in eff�t, at a cost subst�ntially equivalent to the cost to Borrower of the Moztgage Insurance
<br />pre'viously in effect, from an alternate mortgage iu�surer selected by Lendex. If substantially equivalent Mortgage
<br />Insivance coverage is not available, Bonawer shalZ corninue to pap to Lender the amount of the separately desi.gnated
<br />payments that were due v✓hen the insura�aee cove�cage c�ased to be iva effe,et. L�nder avill accept, use aud retain these
<br />paqmenxs as a non refundable loss reserve in lieu of Mortgage Insarance. Such loss reserve shall be non refuudable,
<br />notwi�standing the fact tiaat the Loan is ultimately pazd ire foll, and T.ender shall not be required to pay Borrower azry
<br />intE!r or eaxtangs on such loss res�rve. Lender can no longer require loss reserve payments if Mortg�age Insurance
<br />cover�ge (in the amount �d for the� period that Lender requires) provided by an insurer selected by Lender again
<br />becomes available, is obtained, and Lender requires separately designated payme�ts toward the premittia�s for
<br />Mortgage Ivsurance. ' Tf Lender requized Mortgage Tnsurance as a condirion of maldng the Loan aad Bonrower was
<br />zequir�d to make separately designated payments toward tlie premiu,ms for Mortgage Insurance, Borrower shall pay
<br />tl;e pr8mze�ms re�u�ired to maintain Mortgage Insurance in effect, or ta grovide a non-refundable lass reserve, u�
<br />Lend.e'�'s requirement for Mongage Insurauce ends in accordance wzth any vcrritten agreement betv�reen Bonrower and
<br />Lendeir providing for sezch termination or until termination is required by Applicable Law. Nothing in this Secrion
<br />10 aff�cts Borrower's obligation to pay interest at the rate provided in the Note.
<br />Mortgage insurauce reimburses Lender (or auy entity that purchases tize Note) for certaui losses it may incur
<br />zf Borrower does not repay rhe Loan as agreed. Borrower is not a party to the Mortgage Insurance.
<br />� 1�Iortgage insurers evalnate their total risk on all such znsvrance in force from time to time, and may enter into
<br />agree�ents with other parties that sliare or modify their risk, or reduce losses. These agreements are on terms and
<br />cond.itfons tt�at are satisfactozy to the martgage insurer and the other Party (or parties} to these agreements. These
<br />agreements may require the mortgage iusurer to maice payments using any source of funds that the mortgage insurer
<br />ma.y have available (which may include funds obtained frvm Morcgage Insurance premiums).
<br />As a zesult of these agreement�, Len.der, any purchaser o€ the Note, another insurer, any reinsurer, any other
<br />ernity; or any affiIiate o£ any of the foregoing, may r�eive {directly or indirectiy) amaunts that derive fram (oz might
<br />be c�za,'tiacterized as) a portion of Borrower's paymems for Mortgage Ins�u�ance, in exchange for sharing or modifying
<br />the mortgage insurer's risk, or reducing losses. If sucb, agreement provides that az� affiliate of Leuder takes a share
<br />of the`insurer's risk in excbange for a shaze of the premiums gaid to the insurer, the arrangement is often termed
<br />"capti�e reiasurance." F`urtker: ..
<br />(�i) Any such xgreements will not affect the au�onnts t.�at Borrower has agreed to pay for Mortgage
<br />Tnsua�nce, or any othex texws of tbie Loan. Sucli agre.�ments wiU not inc�ase tlae amount Borrower wilI owe
<br />for Mortgage Insurance, aad they wiII not entitIe Borrower to any ref�md.
<br />(b) AnY such agrcemaats w�l aot affext the righ�s Borrower has - if anp - with respect to the Mortgage
<br />Tnsurauce under the Homeowners Protec[ion Act af 1998 or any othe�r law. These rights maq incIade the right
<br />to receive cerf� disclosures, to reque.st and obtain cancellation of the Mortgage Insnrance, to have the
<br />Mortgage insuraace terminated automatecally, and/or to receive a refund of any Mortgage Insurance premimns
<br />that.vvere unearned at the time of.snch canceltation or termination.
<br />-� 11. Assignmeat of N�iscellaneous Proceeds; ForPeitnre. All Miscellaneous Proceeds are hereby asszgned to
<br />and shall be paid to Lender.
<br />If the Property is daznaged, such Miscellaneous Froc�eds shaU be apglied to restoration or repair of the Property,
<br />if the restaration or repair is ecomomieally feasible and Lender's security is not lessened. During such repair and.
<br />restoration period, Lender shall have the right to hold such Miscellaneous Proceeds until L�nder has biad. an
<br />oppornmiry to inspect such Property to ensure the wozk has be,en campleted to Lender's satisfaction, provided that
<br />such inspe�tion shail be undertaken prampfly. Lender may pay for the repairs and restoration in a singIe disburseffieat
<br />or in a series of progzess paymem�s as the work zs completed. Unless an agree�xtent is made an writing or Applicable
<br />Law requires interest to be paid om svch Miscellaneous Proceeds, Lendez shall not be required to pay Bozrower any
<br />interest or earnings on su�h Miscella�aeous Proceeds. If the restoration or repair is not economicaIly feasible or
<br />Lender's security would be 2essened, the Miscellaneovs F`roceeds shall be applied to the sums secused by this Security
<br />Instrumeirt, whether or not then due, with the excess, if any, pazd to Bvrrowez. Such Miscellaneous Proce�ls sball
<br />be applied iu� the order provide.�. for i�n Section 2.
<br />In tlze event of a total takz�,g, destruction, or loss in value of the Property, the Miscellax►eaus Proce�ls sha11. be
<br />applied to the sums secured by this Secunity Instrumeirt, whethez or not then due, with the excess, if a�ay, paid to
<br />Bozxower.
<br />In the event of a partial taki,ng, desuuction, or loss in value of the Property in which the fair market value of
<br />the Property immed.iately befare the partial Takz�o,g, dest7uction, or loss in value is equal to ar greater t8an the a�mwunt
<br />NEBRASKA—Single Family—Fannie MaelFreddle Mac UNIFORM INSTRUMENT- MERS p�
<br />Form 3028 7/01 Page 6 of 1 i www.daarragJc.com
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