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<br /> Lender providing for such termination or until ternunation is required by Applicable Iaw. Nothing in this Section
<br /> 10 affects Borrower'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 Borrower does not repay the Loan as agreed. Borrower 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 /> agreements with other parties that shaze or modify their risk, or reduce losses. These agreements aze on terms and
<br /> conditions that are 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 premiuins).
<br /> As a result of these agreements, L,ender, any purchaser of the Note, another insurer, any reinsurer, any other
<br /> entity,or any affiliate of any of the foregoing,may receive(directly or indirectly)amounts that derive from(or might
<br /> be characterized as)a portion of Borrvwer'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 affiliate of L.ender takes a share
<br /> of the insurer's risk in exchange for a share of the prexniums paid to the insurer, the arrangement is often termed
<br /> "captive reinsurance." Further:
<br /> (a) Any such agreements will not affect the amounts that Borrower has agreed to pay for Mortgage
<br /> Insurance,or any other terms of the Loan. Such agreements will not increase the amount Borrower'will owe
<br /> for Mortgage Insurance, and they will not entitle Borrower to any refund.
<br /> (b) Any such agreements will not affect the rights Borrower has-if any-with respect to the Mortgage
<br /> Insurance under the Homeowners Protection Act of 5998 or any other law. These rights may include the right
<br /> to receive certain disclosures, to request and obtain cancellation oF the Mortgage Insuranee, to have the
<br /> Mortgage Insurance terminated automatically,and/or to receive a refund of any Mortgage Insur�nce premiums
<br /> that were unearned at the time of such cancellation or termination.
<br /> 11. Assignment of Miscellaneous Proceeds;ForPeiture. All Miscellaneous Proceeds aze hereby assigned to '
<br /> and sha11 be paid to Lender.
<br /> If the Property is damaged,such Miscellaneous Proceeds shall be applied to restoration or repair of the Property,
<br /> if the restoration or repair is economically feasible and Lender's security is not lessened. During such repair and
<br /> restaration period, Lender shall have the right to hold such Miscellaneous Proceeds until L.ender has had an
<br /> opporlunity to inspect such Property to ensure the wark has been completed to Lender's satisfaction, provided that
<br /> such inspection shall be undertaken promptly. Lender may pay far the repairs and restoration in a single disbursement
<br /> or in a series of 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, L.ender sha11 not be required to pay Borrower any
<br /> interest or earnings on such Misceffaneous Procceds. If the restoration or repair is not economically feasible or
<br /> Lender's security would be lessened,the Miscellaneous Proceeds shali be applied to the suins secured by this Security
<br /> Instnunent, whether or not then due,with the excess, if any, paid to Borrower. Such Miscellaneous Proceeds shall
<br /> be applied in the arder provided for in Section 2_
<br /> In the event of a total taking,destruction,or loss in value of the Property,the Miscellaneous Proceeds sha11 be
<br /> applied to the suins secured by this Security Insritunent, whether or not then due, with the excess, if any, paid to
<br /> Borrower.
<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 i.nunediately 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 Instruinent 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 Instrument shall be reduced
<br /> by the amount of the Miscellaneous Proceeds multiplied by the following fraction: (a)the total amount of the sun�s
<br /> secured imtnediately before the partial taking,destruction,or loss in value divided by(b)the fair market value of the
<br /> Property umnediately before the partial taking,destruction,or loss in value. Any balance shall be paid to Borrower_
<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 sutns
<br /> secured immediately before the partiai taking, destruction, or loss in value, unless Borrower and Lender otherwise
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<br /> NEBRASKA—�Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Doclyag/c�R11�
<br /> Form 3028 1/01 Page 8 of 14 www_docmagit.com
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