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<br />Lender providing for such ternunation or until termination is required by Applicable Law. Nothing in this Section
<br />10 affects Bonower's obligation to pay interest at the rate provided in the Note.
<br />Mortgage Insurance reimburses Lender (or any entity that purchases the Note) for certain losses it may incur
<br />if Bonower does not repay the Loan as agreed. Bonower is not a party to the Mortgage Insurance.
<br />Mortgage insurers evaluate their total risk on all such insurance in force from time to time, and may enter into
<br />agr�ments with other parties that shaze or modify their risk, or reduce losses. These agr�ments aze on terms and
<br />wnditions that aze 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 source of funds that the mortgage insurer
<br />may have available (which may include funds obtained from Mortgage Insurance premiums).
<br />As a result of these agre,ements, Lender, any purchaser of the Note, another insurer, any reinsurer, any other
<br />entity, or any �liate of any of the foregoing, may re.ceive (directly or indirectly) amounts that derive from (or might
<br />be characterized as) a portion of Bonower's payments for Mortgage Insurance, in exchange for sharing or modifying
<br />the mortgage insurer's risk, or reducing losses. If such agreement provides that an aff'�liate of Lender takes a share
<br />of the insurer's risk in exchange for a shaze of the premiums paid to the insurer, the anangement is often termed
<br />"captive reinsurance." Further:
<br />(a) Any such agreements will not affect the amounts that Borrower has agrced to pay for Mortgage
<br />Insurance, or any other terms of the Loan. 5uch agreements will not increase the amount Borrower wlll owe
<br />for Mortgage Insurance, and they will not entitle Borrower to any refund.
<br />(b) Any such agrcements will not affect the rights Borrower has - if any - with respect to the Mortgage
<br />Insurance under the Homeowners Protection Act of 1998 or any other law. These rights may include the right
<br />to r�eive certain disclosures, to request and obtain cancellation of the Mortgage Insurance, to have the
<br />Mortgage Insurance terminated automaHcally, and/or to receive a refund of any Mortgage Insurance premiums
<br />that were unearned at the time of such cancellallon or termination.
<br />11. Assignment of Miscellan�us Procee�ls; Forfeiture. All Miscellaneous Proceeds are hereby assigned to
<br />and shall be paid to Lender.
<br />If the Property is damaged, such Miscellaneous Proceeds sha11 be applied to restoration or repair of the Properly,
<br />if the restoration or repair is economically feasible and Lender's security is not lessened. During such repair and
<br />restoration period, Lender sha11 have the right to hold such Miscellaneous Praceeds until Lender has had an
<br />opporh�nity to inspect such Property to ensure the work has been completed to Lender's satisfaction, provided that
<br />such inspection sha11 be undertaken promptly. Lender may pay for the repairs and restoration in a single disbutsement
<br />or in a series of progress payments as the work is completed. Unless an agre.ement is made in writing or Applicable
<br />Law requires interest to be paid on such Miscellan�us Proceeds, Lender sha11 not be required to pay Bonower any
<br />interest or earnings on such Miscellaneous Proceeds. If the restoration or repair is not economically feasible or
<br />Lender's security would be lessen�, the Miscellaneous Proceeds shall be applied to the sums secured by this S�urity
<br />Instrument, whether or not then due, with the excess, if any, paid to Bonower. Such Miscellan�us Proceeds shall
<br />be applied in the order provided for in Section 2.
<br />In the event of a total taking, destruction, or loss in value of the Property, the Miscellaneous Proc,ceds sha11 be
<br />applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to
<br />Bonower.
<br />In the event of a partial taking, destruction, or loss in value of the Property in which the fair market value of
<br />the Property immediately before the partial taking, destruction, or loss in value is equal to or greater than the amount
<br />of the sums secured by this Security Instrument immediately before the partial taking, destruction, or loss in value,
<br />unless Borrower and Lender otherwise agree in writing, the sums secured by this Security Instniment shall be rerluced
<br />by the amount of the Miscellan�us Proceerls multiplied by the following fraction: (a) the total amount of the sums
<br />secured immediately before the partial taking, destruction, or loss in value divided by (b) the fair market value of the
<br />Property immediately before the partial taking, destruction, or loss in value. Any balance sha11 be paid to Bonower.
<br />In the event of a partial taking, destruction, or loss in value of the Property in which the fair market value of
<br />the Property immediately before the partial taking, destruction, or loss in value is less than the amount of the sums
<br />secured immediately before the partial taking, destruction, or loss in value, unless Borrower and Lender otherwise
<br />NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />Form 3028 1/01 Page 8 of 14
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<br />aalc. wm
<br />Ne3028.dot.�l
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