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201�09455
<br />As a result of these agresm�ts, Lender, any purchaser of the Note, another insurer, azry reinsurea,
<br />any ottaer entity, or any affiliate of any of the foregoing, may receive (directly or indirectly) amou� that
<br />derive from (or might be characterized as) a portion of Borrower's paymeats for Mortgaga Insurance, in
<br />exchange for sharing or modifying the mortgage insurer' s risk, or r�ucing losses. If such a�t
<br />provides that an affiliate of Lender takes a shaze of the insi�rer' s risk in exchange for a share of the
<br />premiums paid to the insurer, the azrangement is often termed "captive reinswrance." Further:
<br />(a) Any sach agreements w�ll not raffed the amounts tLat Borrower has agreal to pay for
<br />Mortgage Tnsarance, or aay other terms of the Loan. Snch agreements will not increase the amount
<br />Borrower wIll owe for Mortgage Insnraace, and they wlll not entitle Borrower to any refund.
<br />(b) Any such agre,ements w�ll not affect the rights Borrower has - if any - with raped to the
<br />Mortg�ge Tnsnrance nnder the Hom�wnera Protect�ton Act of 1998 or any other law. These rights
<br />may inclnde the right to receive sertain disclosnres, to reqnest and obtain cancelladon of the
<br />Mortg�ge Insur�nce, to have the 1Vlortg�ge Lnsnrance terminat� antomatically, and/or to rec�ive a
<br />refand of any Mortgage Insnrance premin�a that were nnearned at the time of snch canceDation or
<br />ter�inablon.
<br />11. As�tgnment of M�scellan�ns Procads; Forfeitare. All Miscellaneaus Proc,�eds are hereby
<br />assign� to and shall bepa�d to Lender.
<br />If the Property is damaged, such Miscellan�us Proc�ds shall lie applied to restoration or repair of
<br />the Praperty, if the restoration or repair is aconomically feasible and Lender' s security is not less�ed
<br />During such repair and restoration pe�iod, I.ender shall have the 'ght to hold such Miscellaneo�s Proceeds
<br />imtil Leader has had an opportunity to uispect such Properly ensure the work has been comple�ed to
<br />I.ender's satisfaction, provided that such inspection shall be PromPtly. Lender maY PaY for the
<br />repairs and restoration in a single disbursement or in a series of progress payments as the work is
<br />completed. Unless an agreement is mad� in writing or Applicxible Law requires inter�st to be paid on such
<br />Miscellaneous Procceds, Lender shall not be required to pay Boaower any interest or earninga on such
<br />Miscellan�us Prac�eds. If the restoration or repair is not economically feas�'ble or Lender's sec�mty would
<br />be less�ned, the Miscellan�us Proc�eeds shall be applied to the sums secitt�ed by this Security Ins�ument,
<br />whether or not then due, with the excess, if any, Paid to Borrower. S�ch Miscellaneous Pruceeds shall ha
<br />appli� in the order provided for in 5eckion 2.
<br />In the event of a total taking, deslntction, or loss in value of the Progerty, the Miscellaneous
<br />Pra�eds sball be applied to tha sums se�uured by this Seaurity Inslrutnent, whether or not then ciue, with
<br />the excess, if any, Paid to Borrower.
<br />In the event of a partial taking, destnaction, or loss in value of the Properiy in which the f�r m�rket
<br />value of the Property immediately before the partial taking, de.struction, or loss in valua is equal to or
<br />great�r than the amount of the sums sacured by tUis Security Inst�ment immediataly before the partial
<br />taking, deshvction, or loss in value, unless Bonower and Lender othervvise agcee in writing, the s�ms
<br />secured by this Security Instrument shall be reduced by the mnount of tha Miscellaneous Proceeds
<br />multiplied by the following fraction; (a) the total aznount of the sums sacined imme�iately before the
<br />partial taking, destruction, or loss in value divided bY (b) the fair market value of the Property
<br />immediately before tha partial taking, destruckion, or loss in value. Aiy balance sha11 be �aid to Boaower.
<br />In the event of a paitial taking, destruction, or loss in value of the Properiy in which the fair market
<br />value of the Property immediately before the partial taking, destruction, or loss in value is less than the
<br />amount of the sums s�ured immediately before tha partial taldng, deslruction, or loss in value, unless
<br />Borrower and Lender othervvise agree in writing, the Miscellaneaus Procee�s shall be applied to the sums
<br />secured by tlris Security Instrument whether or not the sums are then due.
<br />If the Properiy is abandoned by Borrower, or if, after notice by Lender to Bonower that the
<br />Opposing Party (as defined in the next sentence) offers to make mi award to settle a claim for damages,
<br />Borrower fails to respond to Lender within 30 days aftez the date the notice is given, Lender is authorized
<br />to collect and apply tha Miscell�neous Procee3s either to restoration or repair of the Properiy or to the
<br />su�ms secur� by this Seourity Insh�um�t, whether or not then due. "Opposing Pazty" means the third party
<br />that owes Bonower Miscellaneous Proceeds or the pariy against whom Borrower has a right of action in
<br />regard to Miscellaneous Proceeds.
<br />Bonower shall be in default if any action or procceding, whether civil or eriminal, is begun that, in
<br />Lender's judgment, could result in forfeit�re of tha Property or other material impairment of L�der's
<br />interest in the Property or rights imder this S�urity Instrument. Borrower c:an cure such a default and, if
<br />acceleration has occurre�i, reinstate as provid� in Section 19, by causing the action or proceeding to be
<br />2200200425 D V6ANE
<br />NESRASKA - Single Family - Fann18 Mae/Freddle Mac UNIFORM INSTRUMENT WRH ERS
<br />�-6A(NE)1oa� o) Paae s o� t s i,ane�s: � Form 3028 1/01
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