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• � 201207871
<br /> Lender providing for such termination or until termination is required by Applicable Law. Nothing in this Section
<br /> 10 affects Borrower's obligation [o pay interest at the rate provided in thc Note.
<br /> Mortgage Insurance reimburses Lender(or any entity that purchases the Note) for certain losses it may incur
<br /> if Borrower does no[repay the Loan as agreed. Borrower is not a party to [he Mortgage Insurance.
<br /> Mortgage ia5urers evaluate their total risk on all such insurance in force from time to time, and may enter into
<br /> agreements with other parties that share or modify their risk, or reduce losses. These agreements are 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 ro inake payments using any source of funds that the mortgage insurer
<br /> may have available(which may include funds obtained &om Mortgage Insurance premiums).
<br /> As a result of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer, any other
<br /> entity, or any affiliate of any of the furegoing, may receive(directly or indirectly)amounts that derive from(or might
<br /> be characterized as)a portion of Borrower's payments for Mortgage Insurance, in exchange for sharing or modifying
<br /> the mor[gage insurer's risk, or reducing losses. If such agreement provides that an affiliate of Lender takes a share
<br /> of the iasurei s risk in exchange for a share of the premiums paid ro the insurer, the arrangement is often termed
<br /> „captive reinsurance." Fur[her.
<br /> (a) Any such agrcements will not affect the amounts that Borrower has agreed to pay for Martgage
<br /> Insurancc, or any other terms of the Loan. Such agreements will not increase the amount Borrower will owe
<br /> for Mortgage Insurance, and they will uot 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 /> Insurancc under the Homeawners ProteMion Act of 1998 or any otNer law. These rights may include the right
<br /> to receive certain disclosures, to request and obtain canccllation of the MoHgage Insurance, to have the
<br /> Mortgage insurance terminated automatically, and/or to receivc a rcfund of any Mortgage Insurance premiuma
<br /> that were unearned at the time of such cancellation or termination.
<br /> 11. Assignment of Miscellaneous Proceeds; Forfciture. All Miscelfaneous Proceeds aze hereby assigned to
<br /> and shall be paid to Lender.
<br /> Ifthe Property is damaged,such Miscellaneous Proceeds shall 6e apptied to restoration or repair of the Property,
<br /> if the restoration or repair is economically feasible and Lender's security is no[ lessened. During such repair and
<br /> restoration period, Lender shall have the right to hold such Miscellaneous Proceeds unti] Lender has had a�
<br /> oppottunity to inspect such Property [o ensure[he work has been completed to Lender's satisfaction, provided that
<br /> such inspection shall be u�dertaken promptly. Lender may pay for the repairs and restoration in a single dis6ursement
<br /> or in a series of progress payments as the work is completed. Unless an xgreement is made in writing or Applicable
<br /> Law requires interest to be paid on such Miscellaneous Proceeds, Lender shall no[�be required to pay Borrower any
<br /> i�teres[ or earnings on such Miscellaneo�s Proceeds. If the restoration or repair is not economically feasible or
<br /> Lender's security would be lessened, the Miscellaneous Proceeds shall be applied to the sumc secured by this Security
<br /> Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such Miscellaneous Proceeds shall
<br /> be applied in the order provided for in Section 2.
<br /> In the even[of a total taking, destruction, or loss in value of the Property, [he Miscellaneous Proceeds shall be
<br /> applied to the sums secured by this Sewrity Instrument, whether or not then due, with the excess, if any, paid to
<br /> Borrower.
<br /> In the event of a partial taking, des[ruction, or loss in value of the Property in wluch the fair market value of
<br /> the Propetty immediately before the partial taking, des[ruction, 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 Instrument shall be reduced
<br /> by the amount of the Miscellaneous Proceeds multiplied by the following fraction: (a)the total amount of the swns
<br /> secured immediately before[he partial taking, destruction, or loss in value divided by(b)the fair market value of the
<br /> Property immediately before the partial taking desuuction, 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 Properry in which the fair market value of
<br /> the Property imtnediately before the par[ial [aking destruction, or loss in value is less than the amount of the sums
<br /> secured immediately before the paztial taking, des[ruction, or loss in value, unless Borrower and Lender otherwise
<br /> NEBR4SKA—Single Family—Fannie Mae/Freddie Mac UNIFORM INSTRUMENT pa�a���
<br /> Form 3028 1f01 Page 8 of 14 www.docmagic.com
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