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<br />As a result of these agreements, Lender, any purchaser of the Note, another insurer, any rein�u�,
<br />any other entity, or any af6liate of any of the foregoing, may r�eive (directly or indirectly) amouuts that
<br />derive from (or might be cbaracterized as) a portion of Borrower' s payments for Mortgage Insurance, in
<br />exchange for sharing or modifying the mortgage insurer' s risk, or reducing losses. If such agraemea►t
<br />provides that an affiliate of Lender takes a share of the insurer' s risk in exchange for a shaze of the
<br />premiums paid to the insurer, the arrange�nent is oftm terme� "captive reinsurance." Further:
<br />(a) Any sach agreements wlll not affect the amonn� that Borrower has agr�d to p�y for
<br />Mortgage �nsarance, or any other terms of the Loan. Snch agreementa willl not �incre,ase the amount
<br />Borrower w3ll owe for Mortgage Insnrance, and they will not entltle Borrower to aay refnnd.
<br />(b) Any snch �gre,ements w�ll not affect the rights Borrower has - if any - with respect to the
<br />Mortgage Insnrance nnder the Hom�wners Protecdton Act of 1998 or any other law. These rights
<br />may inclnde the right to receive certain d�isclosnres, to reqnest and obtain cancellation of the
<br />Mortgage Insnrance, to have the Mortgage Insurance terminated antomatically, and/or to reeeive a
<br />refund of any Mortgage Insnrance preminms that were nnearned at the Hme of snch cancellation or
<br />term�na�ton. .
<br />11. Assignment of Miscellaneons Procceds; Fodeitare. All Miscellaneous Proc�eds are hereby
<br />assigned to and shall be paid to Lender.
<br />If the Properiy is damaged, such 1�fi. .ec�llar�us Proceeds shall be applied to restoration or repair of
<br />the Property, if the restoration or repair is �onomically feasible and I.ender' s se�urity is not lessened.
<br />During such repair and restoration period, Lender shall have the right to hold such Miscellaneous Proc�ls
<br />until Lender has had an opgortunity to inspe�t such Property to ensure the work has been complete� to
<br />Lender's satisfaction, provided that such inspection sha11 be undertaken promptly. Lender may pay for tha
<br />repairs and restoration in a single disbursement or in a series of progress payments as the work is
<br />completed. Unless an agre,ement is made in writing or Applicable Law re�uires interest to be p$id on such
<br />Miscellaneous Proceeds, Lender shall not be raquirefl to pay Bonower any interest or earnings on such
<br />Miscellaneous Praceeds. If the restoration ar repair is not e�onomically feasible or Lender' s security would
<br />be lessened, the Miscellan�us Procee�s shall be applied to the sums se�urefl by this Secarity Instrument,
<br />whether or not then due, with the e�cess, if any, paid to Borrower. S�ch Miscellaneous Procee�s shall he
<br />applied in the order provided for in Section 2.
<br />In the event of a total taking, deslruction, or loss in value of the Properiy, the Miscellaneous
<br />Proceeds sha11 be applied to the sums secured by this Security Instrument, whether or not then due, with
<br />the excess, if any, paid to Bonower.
<br />In the event of a partial taking, destruction, or loss in value of the Property in which the fair market
<br />value of the Properly immediately before the pa�rtial taldag, destruction, or loss in value is e�ual to or
<br />greater than the amount of the swms secured by this Security Instrument immediately before the partial
<br />taking, destcuction, or loss in value, unless Boaower and Lender atherwise agree in writing, the sums
<br />secured by this Security Instrument shall be reduced by the amount of the Miscellaneous Proc�cls
<br />multiplied by the following fraction: (a) the total amount of the sums s�urad immediately before the
<br />partial tak►ng, destruction, or loss in value divided by (b) the fair market value of the Property
<br />immediately before the partial taking, destruction, or loss in value. Azy balance sball be paid to Boaower.
<br />In the event of a partial taking, destruction, ar 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 then the
<br />amount of the sums secured immediately before the partial taking, destruction, or loss in value, unless
<br />Bonower and Lender otherwise agr� in writing, the Miscellan�us Proceeris sball be applie� to the sums
<br />secured by this Security Instrument whether or not the sums aze then due.
<br />If the Progerty is abandoned by Borrower, or if, after notice by Lender to Borrower that the
<br />Opposing Party (as defined in the next sentence) offers to make an award to settle a claim far damages,
<br />Bonower fails to respond to Lender within 30 days after the da#e the notice is given, Lender is authorized
<br />to collect and apply the Miscellaneous Proceads either to restoration or repair of the Property or to the
<br />swms secured by this Security Instrument, whether or not then due. "Opposing Party" means the third party
<br />that owes Bonower Miscellaneous Proceeds or the party against whom Bonower has a right of action in
<br />regard to Miscellaneous Proceeds.
<br />Borrower shall be in default if any action or proceeding, whether civil or criminal, is beg�m tbat, in
<br />Lender' s judgmmt, could result in forfeiture of the Property or other material impairment of Lender' s
<br />interest in the Property or rights under this Security Instr�ment. Bonower can cure such a default and, if
<br />acceleration has occurre3, reinstate as provided in Section 19, by causing the action or procee�ing to be
<br />2200195142 D V6ANE
<br />NEBRASKA - Single Family - Fannle Mae/Freddle Mac UNIFORM INSTRUMENT WITH MER.S
<br />�-BA(NE) toa�ot Pege 9 of 15 i,,;� Form 3028 1/01
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