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<br />I.oan 1Vo: 6o18s3oz nata ID: s23
<br />Mortgage Insurance reimburses Lender (or any entity that purchases the Note) for certain losses
<br />it may incur if Bonower does not repay the Loan as agreed. Bonower is not a party to the Mortgage
<br />Insurance.
<br />Mortgage insurers evaluate their total rlsk on all such insurance in force from time to time, and
<br />may enter into agreements with other parties that shaze or modify their risk, or reduce losses. These
<br />agreements aze on terms and wndit3ons that are satisfactory to the mortgage insurer and the other
<br />parry (or parties) to these agreements. These agreements may require the mortgage insurer to make
<br />payments using any source of funds that the mortgage insurer may have available (wlrich may include
<br />funds obtained from Mortgage Insurance premiums).
<br />As a result of these agreements, L.ender, any purchaser of the Note, another insurer, any
<br />reinsurer, any other entity, or any affiliate of any of the foregoing, may receive (directly or indirectly)
<br />amounts that derive from (or might be characterized as) a portion of Borrower's payments for Mortgage
<br />Insurance, in exchange for sharing or modifying the mortgage insurer's risk, or reducing losses. ff such
<br />agreement provides that an afflliate of Lender takes a share of the insurer's risk in exchange for a share
<br />of the premiums paid to the insurer, the arrangement is often termed "captive reiasuranc.e." Further:
<br />(a) Any snch agreements wlll not affect the amounts that Borrower has agrced to pay for
<br />Mortgege Insurance, or eny other terms of the Loan. Snch agreements wlll not increase the amount
<br />Borrower will owe for Mortgege Insurance, and they wW not entltle Borrower to any refwtd.
<br />(b) Any snch agreements wW not affect ffie rights Borrower 6as - if any - with r�p�t to the
<br />Mortgage Insorence under the Homeowners Protectlon Act of 1995 or any other law. These rights may
<br />include the right to receive certein disclosures, to request and obtain cencellatlon of the Mortgage
<br />Insorance, to have the Mortgage Insurance termineted auWmatically, and/or to r�eive a reYiund of any
<br />Mortgage Insurance premiums that were mearned at the time of such cancelletlon or terminaHon.
<br />11. Assignment oF Miscellaneous Praxeds; Forfefture. All Miscellaneous Proceeds aze hereby
<br />assigned to and shall be paid to Lender.
<br />If the Property is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair
<br />of the Properiy, if the restorauon or repair is economically feasible and Lender's security is not
<br />lessened. During such repair and restoration period, Lender shall have the right to hold such
<br />Miscellaneous Proceeds until Lender has had an opportunity to inspect such Properry to ensure the
<br />work has b�n completed to L.ender's satisfaction, provided that such inspection shall be undertaken
<br />promptly. I.ender may pay for the repairs and restorauon in a single disbursement or in a series of
<br />progress payments as the work is completed. Unless an agreement is made in writing or Applicable
<br />Law requires interest to be paid on such Miscellaneous Proceeds, Lender shall not be required to pay
<br />Borrower any interest or earnings on such Miscellaneous Proceeds. If the restoration or repair is not
<br />economically feasible or Lender's security would be lessened, the Miscellaneous Proceeds shall be
<br />applied to the sums secured by this Securiry Instrument, whether or not then due, with the escess, if
<br />azry, paid to Borrower. Such Miscellaneous Proceeds shall be applied in the order provided for in
<br />Section 2.
<br />In the event of a total taking, de.ctruction, or loss in value of the Property, the Miscellaneous
<br />Proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due,
<br />with the egcess, if any, paid to Borrower.
<br />In the event of a partial taldng, destruction, or loss in value of the Property in which the fair
<br />mazket value of the Properry immediately before the partial taking, destruction, or loss in value is equal
<br />to or greater than the amount of the sums secured by this Security Insuument immediately before the
<br />partial talring, destruction, or loss in value, unless Borrower and I.ender otheiwise agree in writing, the
<br />sums secvred by this Securiry Instrument shall be reduced by the amount of the Miscellaneous Proceeds
<br />multiplied by the following fraction: (a) the total amount of the sums secured immediately before the
<br />partial taking, destruction, or loss in value divided by (b) the fair mazket value of the Property
<br />immediately before the partial talting, destruction, or loss in value. Auy balance shall be paid to
<br />Bonower.
<br />In the event of a partial taldng, destruction, or loss in value of the Properry in which the fair
<br />market valne of the Property immediately before the partial taking, destruction, or loss in value is less
<br />than the amount of the sums secured immediately before the paztial taking, destruction, or loss in
<br />value, unless Borrower and Lender otheiwise agree in writing, the Miscellaneous Proceeds shall be
<br />applied to the sums secured by this Secudty Instrument whether or not the sums are then due.
<br />ff the Property is abandoned by Borrower, or i� after notice by Lender to Bonower that the
<br />Opposing Party (as defined in the next sentence) offers to make an award to setde a claim for damages,
<br />Borrower fails to respond to Lender within 30 days after the date the notice is given, Lender is
<br />authorized to collect and apply the Miscellaneous Proceeds either to restoration or repair of the
<br />Property or to the sums secured by this Security Instrument, whether or not then due. Opposing
<br />Party" means the third party ffiat owes Bonower Miscellaneous Proceeds or the party against whom
<br />Borrower has a right of action in regazd to Miscellaneous Ptoceeds.
<br />NEBRASKA VA DEED OF TRUST Form 3oae �iw ryeea � ot r� PBg��
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