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20i10�770 <br />Any aznowats d'zsbursed by T.ender under this Section 9 shall became additaonal debt of Bonower secured by this <br />Se,�urity Tnstrument. These amounts sha11 bear interest at the Note rate from the date of disburs�ment and shall be <br />payable, with such interest, upon notice from L�nd.er to Bonower requeshaing payment. <br />Tf this Se.curity Instavment is on a leasehold, Bonawer shall comply with all the provisions o£ the lease. <br />Borrower shal�. not suxrender the leasehold estate and interests herein canveyed or tP�nate or cancel. the ground lease. <br />Boxrower shall not, witizout the express written consent of Lender, alter or amend the ground lease. If Borrower <br />acquires fee title to the Property, t.�e leasehold and the f� title shall not merge unless Lendez agrees to the merger <br />in writing. <br />10. Martgage Insurance. If Lender zequized Mortgage Insurance as a condition of maldng the Laan, Barrower <br />shall pay the premiums requixed to maintain the Mortgage in��r�n�p in effect, Tf, for aay reason, the Mortgage <br />Insurance coverage required by L.ender ceases to be avazlable from the mortgage insurer that previously provided such <br />uisurance and Borrower was required to make separately designated payments toward the premiums far Mortgage <br />Insvrance, Borrower shall pay the premiwms required to abtain cavezage substantially equivalent to the Mortgage <br />Insurance previ�ously ia effect, at a cost substantially equivaient to the cost to Borrower of the Mortgage Insurance <br />previously in effect, from an alternate mortgage insuzer selecter�. by LEnder. If substantially eqnivalent Martgage <br />Iusurance coverage is not ava�able, Barrower s�Zall conti.nue to pay to Lender the amiount of the separarety designated <br />payments that were due when the +n�rance coverage ceased to be i�n. effect. Lender will accapt, use and retain these <br />payments as a non refi�ndable loss reserve in lieu. of Mortgage Insurance. Such loss reserve shall be non refundable, <br />nat withstanding the fact that the Loan is ultimately paid in full, and Lender shall not be retruired ta pay Borrower any <br />interest or earnings on such loss reserve. Lender can no longer require loss reserve gayments i�f Mortgage Tnsurance <br />coverage (in the amount and for the period that Lender zequires} provided by an insurer selecte,d. by Lender again <br />becomes available, is obtained, and I.endez zequires se�arately designated payments towazd the premiums for <br />Mortgage Tnsurance. If Leuder rec�uired Mortgage Insurance as a condition of making the I,aan and Borrower was <br />rec�uired to make separateelp designated payments toward the premiums for Mortgage Insuranr,�, Borrower shall pay <br />the premiums reqnired to naaintain Mortgage Insuraace in effect, or to prnvide a non refu�adable loss xeseive, until <br />T.�nder's requirement for Mortgage Insurance ends in accordance wi�th any written agreement between Borrower and. <br />Lender providing for such termination or until termination is required by Applicable Law. Nothing in ttris Section <br />1 d affects Borxower's obligarian to pay interest at the rate provided in the Note. <br />Martgage Iusurance reimburses L,ender {or any entity that purchases the Note) for certain losses it may incur <br />if Borrower does not repay the Laan as agre�.. Borrower is not a party to the Martgage Insurance. <br />Martgage insurers evaluate their total risk on ait such insurance in force from time to cime, and may ent�r into <br />agrcements with other parties that st�are or modify their risk, or reduce losses. These agreemenfs are on terms and <br />conditions that are satisfactory to the mortgage insurer and the other party (or parties) to these agreements. These <br />agreements may require the mortgage insurer to make payments using any saurce of funds xhat the mortgage insurer <br />may have available (which may include funds obtained from Mortgage Insurance premiums). <br />As a result of these agzeements, I.ender, any purchaser of the Note, another insurer, any reinsurer, anq otker <br />entity, ar any affiliate of any of the €oregoing, inay receive (directly or iudirectly) amounts that derive froAa (or might <br />be characterizQC1 as) a portion of Bonower's payments far Mortgage Insurance, in exchange for sharing or modz�ying <br />the mortgage insurer's risk, or reducing losses. If s�ch agreement provides that an affiliate of Lender takes a sl�are <br />of the insurer's risk in exchange for a share of the premiu�ns paid to tl�e insurer, the azxangeme.�C is often termed <br />"captive reinsurance." f�'urther: <br />(a) Any such agreemeats will not $ffect the amounts that Borrower has agreed to pay for Mortgage <br />Tnsurance, or any otlter tersns of the Loan. Such agree�ments wiII not increase the amount Borrower will owe <br />for Mortgage Insurance, an8 they will not e�ctiifle Borrower to any refund. <br />(b) Any such agr�tents will not affect the rights Barrower has - if any - with respe�t to the Mortgage <br />Insurance under the Hom�wnexs Protection Act of 1998 or any other larv. These rights may indude the right <br />to receive certafn disclosures, to z�equest and abtaYn cancellaf3on of the Mortgage Insurance, to ha�ve the <br />Mortgage Ynsurance terminated automai3c�lly, and/ar to ��eive a refund of any Mortgage Insnrance pre.miwms <br />th�t were umearmed at the time of such cancellal3oa or tex�minaiion. <br />11. A.ssfgnnxe�at of Miscellaneous Pcoceeds; I'orfeiiwre. All Miscellan�us Pzoceeds are hereby assign�. to <br />and shall be paid to Lender. <br />If the Progerty is damaged, such Miscellaneaus Proceeds sball be applied to restoration ar zepair of the Property, <br />if the restaration or repair is economically feasible and Lendez's securiry is not lessened. During such repair and <br />restoration period, I.e�adez shall have the right to hold such Miscellaneous Proceeds until Lender has b.ad an <br />oppox�tuuity to insp�t such Propez[y to ensure the work has been completed to Lender's satisfaction, provided that <br />such inispecdon shall be undertaken prompfly. Lender xnay pay for the repairs and restoration iva a simgle disbursement <br />or in a series o€ progress payme�ats as the work is completed. Unless an agreement is made in writing or Applicable <br />Law requires interest ta be paid on such Miscellaneous I'roceeds, Lender shall not be required to pay Borrower any <br />9nterest or earnings on such Miscellaneotas Proceeds. Tf the restoration or repair is not econamically feasible or <br />Lender's security would be lessened, the Miscellaneovs Pzoceer3s shall be applied xo the svms sectued hy this Se�urity <br />Inst�vment, whetlier or not tben due, vc+ith the excess, if any, paid to Borrower, Such Miscellaneous Proceeds shall <br />be applied in the order provideii for in S�tion 2. <br />In the event of a total taking, destruction, or lass in value of the Property, the Miscellan�us Proceeds shall be <br />applied to the sums secured by this Security Instrument, whettier or not then due, with the excess, if any, paid to <br />Borrower. <br />In the event of a partial taking, destnicti.on, or loss in value af the Properry in wluch the fair market vaiue of <br />The Property immediately befoze the gartial taldng, deslauction, or loss in value is eqnal to or greatez than the amotmt <br />���` ` � ' <br />NEBRASKA—Singte Family—Fannie MeelFreddie iVlac UNIFORM INSTRUMENT - MERS p����� <br />Form 3028 1/01 Page 8 of 17 yyyyyy,docmagFc,carn <br />Ne302R�d.�I <br />