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201109107
<br />Ne3028.�1
<br />Any amotmts di.sbursed by Lender imder this Section 9 shall become addirional debt of Bonower secured by tYus
<br />Security Instr�ent. These asnounts shall bear interest az the IVote rate from the date of disbursement and shall be
<br />payable, with such interest, upon notice from Lender to Borrower requesting payment.
<br />J.f this Secnrity Insirument is on a leasehold, Borrower shall comply with all the provisions of the lease.
<br />Borrowez shaIl not surrender the leasehold estate and 'uzterests herein conveyed or ternunate or cancel the graund Iease.
<br />Borrower shall not, without the express written consent of Le�ader, alter or amend the ground lease. Tf Bonower
<br />acc�uires fee title to the Properry, the leasehold and the fee title skall not merge unless Lender agreES to the merger
<br />in writing-
<br />10. Mortgage Insurance. If Lender r�uired Mortgage Insurance as a condition of malnng the Loan, Bonower
<br />shall pay the pze�niums rec�u3red to maintain. the Mortgage Insunuce in effect. If, for auy reason, the Mortgage
<br />Insurance caverage zequi,xed by T.ender ce.ases to be available from the mortgage insurer that pzeviously provided such
<br />inc,Trance and Borrower was required to naake separately designated payments tawazd the premiums for Mortgage
<br />Insurance, Borrower shall pay the premi�uns required to obtain coverage substantially equivalent to the Mortgage
<br />Insurancs previously in effe�t, at a cost substa�ially equivalent to the cost to Borrower of the Mortgage Insurance
<br />previously in effect, from an altemate martgage insurer selected by Lender. If snbstantially equivalent Mortgage
<br />Insurance coverage is not available, Borrower shall continue to pay to Lender the amount of the separately designated
<br />payments that were dne when the insurance coverage ceased to be iu effect. Lender will accept, use and retain these
<br />paymenrs as a non refundable loss reserve in lieu of Mortgage Insurance. Such loss zeserve shall be non-refundable,
<br />notwithstanding the fact that the T.oan is ultimately paid in full, and Lender shall not be required to pay Borrower any
<br />interest or earnings on such Ioss reserve. Lender can no Ionger require loss zesezve paymentts if IvIortgage Insurance
<br />coverage (in the �nount and for the period that Lender ret�uires) provided by atx insurer selected. by L.ender again
<br />be�omes avai�able, is obtain�., and T.ender requires separately designated payinents toward the premiums for
<br />Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan and Borrower was
<br />required to make separately designatec� payments tawazd the premiums for Mortgage Insurance, Borrower shall pay
<br />the ptemiums zequired to maintain Mortgage InsuranCe � effeCt, or to provide a non-refundable loss reserve, until
<br />Lender's requirement for Mortgage Insurancc� ends in. accordance with any written agreement between Borrower and
<br />L�nder providing for such texinination or until terminatzon is requixed by Applicable Law. Nothing in this Section
<br />10 affects Borrower's obligaiion to pay interest at the rate provid�I in the Note.
<br />Mortgage Tnsurauce reimbwrses L.endez (or auy entity thaz purchases the Note) for certain losses it may incur
<br />if Borrower does not repay the Loan as agreed. Borrawer is nat a party to the Mortgage Insl,ranc.�.
<br />MorEgage insurers evaluate rheir total risk on all such insurance in force from rime to time, and may enter into
<br />agreements with other parties that share or modify their risk, or reduce losses. These agreements are on terms and
<br />conditions that aze sa.tisfactory to the mortgage insurer and the other party (or parties) to these agreements. 'i�ese
<br />agreements may reqtiire the mortgage_insurer to make payments using any source of funds that the mortgage insurer
<br />may have available (which may include funds obtained from Mortgage Insvrance premiums).
<br />As a result of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer, any other
<br />e�ity, or any a£�iate of any of the foregoing, may re.�eive (dize�tly or andi�z�ectly) anaounts ttzat derive from (or might
<br />be characterized as) a portion of Boxrower's paym�ents for Mortgage Iasurance, 'vs excha�ge for sharing or modifying
<br />ttie mortgage insurer's risk, or reducing losses. If such agreement pmvides tha# an affiliate of Lender tatces a share
<br />of the insurez's risk in exchange for a share of the premiwms paid to the insurer, the arrangemem is often termed.
<br />"captive reinsurance." Fw�ther:
<br />(a) Any such agreements will not aff'�t fhe amounts that Borrower has agreed to pay for Mortgage
<br />Insurance, or any other ferms of the Loan. Such agree�nents wiIl not �n�e the amount Borrower will owe
<br />for Mortgage Insur�nce, and they will not entitle Borrower to aay refund.
<br />(b) Any such agreements will not affect the rlghts Borrower has - iY any - w�tttb� respect to the Mortgage
<br />Inswramce ander the Hom�wners Protection Act of 1998 or any other Iaw. These rights may include the right
<br />to xeceive certain dfsclosures, to request and obtain canceilalion of fhe Mortgage Iasurance, to have the
<br />Mortgage Tnsurance terminat,ed automatically, and/ar ta rec�ive a refund of any Mortgage Insurance premiums
<br />that were unearn� at the time of such cancellation or terrruinataon.
<br />11. Assignm�t of 1Vliscellaneous Proceeds; Forfeaiture. All MiscelIaneous Proceeds aze hereby assigned to
<br />and shall be paid to Lender.
<br />If the Property is damagefl, such Miscellaneous Proceeds shall be applied w restoration or repair of the Property,
<br />if the restorarion or repair is econamically feasible and Lender's security is not lessened. During such repair and
<br />restazat�on period, Lender sliall have the right to hold such MisceAaneous Proceeds until Leader has lxad an
<br />opportunity to inspect such Propeny to ensure the work has be�n completed to Lender's satisfaction, provided tl�at
<br />such inspe,ction shall be undertaken promptly. I.ender may pay for the repairs and restoration in a single disbursement
<br />or in. a series of progress pa�+�ments as the work is completed. Unless an agre�ment is made in writing or Applicable
<br />Law requires interest to be paid on sucb Miscellaneotu Proceeds, Lendsr shall not be required to pay Borrower any
<br />iazterest or earnings on such Miseellaneous Proceeds. If the restoration or repair is not economically feasible or
<br />�Lender's s�urity would be lessened, the Miscellaneous Proceeds shall be applied to the sums se,cured by this Security
<br />Instrcunent, whether or not then due, with the excess, if any, paid to Botrower. Such Miscellaneous Procceds shall
<br />be applied in the order provided for in Section 2. .
<br />In che event of a total taking, destruction., or loss in value of the Property, the Miscellaneous Proceeds shall be
<br />applied to the sums secured by this Security Instroment, whether or not then due, with the excess, if any, paid to
<br />Borrower. '
<br />In the event of a partial taking, destruction, or loss in value of the Properry in which the fair market valne of
<br />the Property immediately before the partial taldng, destruction, or loss in value is equal to or geater than the amount
<br />NEBRASKA—Single Family—Fannie Mae/Freddie Mac UNIFORM INSTRUMENT- MERS p��g
<br />Forrn 3028 7/07 Aage 6 of 71 www.doanaglc.mm
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