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201 20462�
<br />Mortgage Insurers evaluate their total risk on all
<br />enter into agreements with other parties that share or modifi
<br />ternis and conditions that are satisfactory to the mortga€
<br />agreements. These agreements may require the mortgage :
<br />that the mortgage insurer may have available (which ma;
<br />premiums).
<br />As a result of these agreements, Lender, any purc
<br />other entity, or affiliate of any of the foregoing, may receiw
<br />might be characterized as) a portion of Borrower's paymenl
<br />modifying the mortgage insurer's risk, or reducing losses. 1
<br />takes a share of the insurer's risk in exchange for a share of
<br />often termed "captive reinsurance." Further:
<br />(a) Any such agreements will not affect the amoi
<br />Insurance, or any other terms of the Loan. Such agree�
<br />owe for Mortgage Insurance, and they will not entifle �
<br />(b) Any such agreements will not affect the ri
<br />Mortgage Insurance under the Homeowners Protecrio�
<br />include the right to receive certain disclosures, to re
<br />Insurance, to have the Mortgage Insurance terminated
<br />Mortgage Insurance premiums that were unearned at i
<br />il. Assignment of Miscellaneous Proceeds; F
<br />assigned to and shall be paid to Lender.
<br />If the Property is damaged, such Miscellaneous P�
<br />Property, if the restoration or repair is economically feasib]
<br />repair and restoration period, Lender shall have the right tc
<br />had an opportunity to inspect such Property to ensure the
<br />provided that such inspection sha11 be undertaken promptly
<br />single disbursement or in a series of progress payments as t�
<br />writing or Applicable Law requires interest to be paid on
<br />required to pay Borrower any interest or earnings on such 11
<br />not economically feasible or Lender's security would be les
<br />the sums secured by this Security Instrument, whether or nc
<br />Such Miscellaneous Proceeds shall be applied in the order
<br />In the event of a total taking, destruction, or loss i
<br />shall be applied to the sums secured by this Security Instrux
<br />paid to Borrower.
<br />In the event of a partial taking, destrucrion, or loss
<br />of the Property immediately before the partial taking, destr
<br />amount of the sums secured by this Security Instrument imn
<br />in value, unless Bonower and Lender otherwise agree in v�
<br />shall be reduced by the amount of the Miscellaneous Proce
<br />amount of the sums secured immediately before the partial �
<br />fair market value of the Property immediately before the pa�
<br />shall be paid to Borrower.
<br />In the event of a partial taking, destruction, or loss
<br />of the Property nnmediately before the partial taking, destr
<br />sums secured immediately before the partial taking, destn
<br />otherwise agree in writing, the Miscellaneous Proceeds sl
<br />Instrument whether or not the sums aze then due.
<br />If the Property is abandoned by Borrower, or if, a
<br />Party (as defined in the next sentence) offers to make an a�
<br />respond to Lender within 30 days after the date the notice i
<br />Miscellaneous Proceeds either to restoration or repair of t
<br />Instrument, whether or not then due. "Opposing Party" mez
<br />Proceeds or the party against whom Borrower has a right <
<br />Borrower shall be in default if any action or pro
<br />Lender's judgment, could result in forfeiture of the Propert;
<br />the Property or rights under this Security Instrument. Borr
<br />occurred, reinstate as provided in Section 19, by causing t�
<br />that, in Lender's judgment, precludes forfeiture of the Prop�
<br />in the Properiy or rights under this Security Instnt�nt. Th�
<br />attributable to the impairment of Lender's interest in the Pro
<br />All Miscellaneous Proceeds that aze not applied to
<br />the order provided for in Section 2.
<br />12. Borrower Not Released; Forbearance By
<br />payment or modification of amortization of the sums secw
<br />Bonower or any Successor in Interest of Borrower shall n
<br />Successors in Interest of Borrower. Lender shall not be reqi
<br />in Interest of Borrower or to refuse to extend time for pay
<br />secured by this Security Instrument by reason of any deman
<br />Interest of Borrower. Any forbearance by Lender in exerci�
<br />Lender's acceptance of payments from third persons, e
<br />amounts less than the amount then due, shall not be a waiv�
<br />13. Joint and Several Liability; Co-signers; Su
<br />and agrees that Bonower's obligations and liability shall b�
<br />signs this Security Instrument but does not execute the P
<br />Instrument only to mortgage, grant and convey the co-si�
<br />Security Instrument; (b) is not personally obligated to pay t
<br />agrees that Lender and any other Borrower can agree to ex
<br />with regazd to the terms of this Security Instrument or the
<br />NEBRASKA—Single Family—Fannie MaelFreddie Mac UNIFORM
<br />12439.CV (9/11) 907367
<br />�uch insurance in force &om time to time, and may
<br />their risk, or reduce losses. These agreements aze on
<br />� insurer and the other party (or parties) to these
<br />�surer to make payments usmg any source of funds
<br />include funds obtained from Mortgage Insurance
<br />aser of the note, another insurer, any reinsurer, any
<br />(directly or indirectly) amounts that derive from (or
<br />for Mortgage Insurance, in exchange for sharing or
<br />'such agreement provided that an affiliate of Lender
<br />he premiums paid to the insurer, the arrangement is
<br />nts that Borrower has agreed to pay for Mortgage
<br />ients will not increase the amount Borrower will
<br />orrower to any refund.
<br />;hts Borrower has — if any — with respect to the
<br />Act of 1998 or any other law. These rights may
<br />�uest and obtain cancellation of the Mortgage
<br />automatically, and/or to receive a refund of any
<br />he time of such cancellation or termination.
<br />irfeiture. All Miscellaneous Proceeds aze hereby
<br />�ceeds sha11 be applied to restoration or repair of the
<br />: and Lender's security is not lessened During such
<br />hold such Miscellaneous Proceeds until Lender has
<br />work has been completed to Lender's satisfaction,
<br />Lender may pay for the repairs and restoration in a
<br />; work is completed Unless an agreement is made in
<br />such Miscellaneous Proceeds, Lender shall not be
<br />iscellaneous Proceeds. If the restoration or repair is
<br />ened, the Miscellaneous Proceeds shall be applied to
<br />t then due, with the excess, if any, paid to Borrower.
<br />provided for in Section 2.
<br />i value of the Property, the Miscellaneous Proceeds
<br />ent, whether or not then due, with the excess, if any,
<br />value of the Property in which the fair market value
<br />;tion, or loss in value is equal to or greater than the
<br />diately before the partial taldng, destruction, or loss
<br />ting, the sums secured by this Security Instrument
<br />Is multiplied by the following fraction: (a) the total
<br />:ing, destruction, or loss in value divided by (b) the
<br />a1 taking, destruction, or loss in value. Any balance
<br />value of the Property in which the fair �.rket value
<br />;tion, or loss in value is less than the amount of the
<br />ion, or loss in value, unless Borrower and Lender
<br />ll be applied to the sums secured by this Security
<br />ter notice by Lender to Borrower that the Opposing
<br />�azd to settle a claim for damages, Borrower fails to
<br />given, Lender is authorized to collect and apply the
<br />�e Properiy or to the sums secured by ttus Security
<br />�s the third pariy that owes Borrower Miscellaneous
<br />.' action in regazd to Miscellaneous Proceeds.
<br />eeding, whether civil or criminal, is begun that, in
<br />or other material impaument of Lender's interest in
<br />�wer can cure such a default and, if acceleration has
<br />; action or proceeding to be dismissed with a ruling
<br />rty or other material impairment of Lender's interest
<br />proceeds of any award or claim for damages that are
<br />�erty aze hereby assigned and shall be paid to Lender.
<br />�toration or repair of the Property shall be applied in
<br />.ender Not a Waiver. Extension of the time for
<br />d by this Security Instrument granted by I,ender to
<br />: operate to release the liability of Borrower or any
<br />-ed to commence proceedings against any Successor
<br />ient or otherwise modify amortization of the sums
<br />made by the original Borrower or any Successors in
<br />ig any right or remedy including, without limitation,
<br />tities or Successors in Interest of Bonower or in
<br />� of or preclude the exercise of any right or remedy.
<br />cessors and Assigns Bound. Borrower covenants
<br />joint and several. However, any Borrower who co-
<br />�te (a "co-signer"): (a) is co-signing this Security
<br />;r's interest in the Property under the terms of this
<br />e sums secured by this Security Insirument; and (c)
<br />;nd, modify, forbear or make any accommodations
<br />ote without the co-signer's consent.
<br />(MERS) Form 3028 l/Ol (page 6 of 9 pages)
<br />Creative Thinldng, Inc.
<br />GOTO(001 t7691)
<br />C�� 1�. � �
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