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
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