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N0��09400
<br />Lender providing for such termination or until termination is required by Applicabla Law. Nothing in this Section
<br />1Q aff�ts Borrower's obligat[on to pay interest at the rata pravided in the Note.
<br />Mortgage Znsnrance reimbnrsas Lender (or any entity that purchases the Nvte) for certain lasses it may incur
<br />if Borrower d�s not repay the Loan as agre,ed. Borrower is not a patty to the Mortgage Insurance.
<br />Mortgage insurers avaluate their total risk on all such insurance in force from time to timc, and may enter into
<br />agreements with other parties that s}aate or modify their risk, or reduce losses. These agreements are on terms and
<br />conditions that are satisfactory to the mortgage insurer and tine other party (or parties) to these agreexttents. These
<br />agreements may require the mortgage insurer ro matca payments vsing any sottrce of funds that the mortgage insuxer
<br />may have availabSe (wtuch may include funds obtained from Mortgage Lasuranca premiums).
<br />As a result of these agreements, Lender, any purchaser of the Note, another insurrer, any reinsurer, any other
<br />endty, or any affiliate of aay of the foregoing, may receirve (directly or indir�tiy) amounts that derive from (or might
<br />l� characterized as) a portion of Borrower's payments for N.[ortgage Insurance. in exchange for shariag or modifying
<br />the mortgage insurer's risk, oz reducing losses. If such agreement provides that an af�liate of Lender takes a share
<br />of the insurec's risk in excb�ange for a share of the premiums paid to the insurer, the arrangement is often termed
<br />° captive zeinsuranc;e." Further:
<br />(a} Any such a�reements w9II not affect the amouints tha# Borro�ver has agreed to pay for Mortgage
<br />Insurance, or any oth� terms of the Loan. Sach agrceme.nts will not increase the �mount Borrowex will owe
<br />for Mortgage Insurance, and they wDl not entftle Bosower to any refunct.
<br />(b) Any such agreemenfs will not affect the rights Borrower has - if any - with respect to the Mortgage
<br />Insurance nnder tlie Homeowuers proteetton Act of 1998 or any o�er law. These r3ghts may include the right
<br />to receive certain dfsclosw�, to r�uest and obtain cancellation of the Mortgage Insurance, to b�ave the
<br />Mortgage Insurancetermin�ted antomat3cal�y, and/or to receive a sefund of any Mortgage Iasurance prenniuzrn
<br />that were u�aearneci at the time of sucli canceltation or terminatfon.
<br />11. Assignment of Miscellaneaus proceeds; Forfetture. All Miscsllan�us Proceeds are hereby assigned to
<br />and shall be paid ta Lender.
<br />If the Properiy is damaged, snch Miscellan�us Proceeds shall be applied to restoration or repaur of the Froperty,
<br />if the restozation or repair is eeonomically feasible and Lender's security is not lessened. During such zepair and
<br />restoration peniod, L.ender shall have the right to hold such Miscellan�us Pro�s unti� Lender has had an
<br />opportunity to ins�t such Properiy to ensure the work has been completed to L�ender's satisfacdon, provided that
<br />such inspecdon shall be undertaken promptly. Lender may pay for the repairs and restoration in a single disbursement
<br />or in a series of progress payments as the work is crompleted. Unless an agreement is made in writing or Applicabie
<br />I-aw requires iaterest to be paid on sueh Miscellaneous Proceeds� Lender shall not be required to pay Borrower any
<br />interest or earaings an such Miscellaneous Frocceds. If the restaration or repair is not eaonomically feasible or
<br />Lender's security would ba lessened, tb.e Miscsllan�us Proceeds shall be applied to the sums s�ured by this Security
<br />Instrument, whether or not then due, with the excess, if any, paid to Bonower. Such Miscellan�us Proc�eds shall
<br />be applied in the order provided for in Secdon 2.
<br />In the event of a totai taldng, destrnction, or loss in value of the P�roperty, the Miscellan�us Proceeds shall be
<br />applied to the sums se�red by this 5ecur�ty Instrument, whether or not tihen due, with the excess, if any, paid to
<br />Borrower.
<br />In the event of a partial taking, destrudion, or loss in vaiue of the Property in which the fair market value of
<br />the Froperty immediately before the parrtial taking, destrncrion, or loss in valus is equat W or greater than the amount
<br />of the sums secured by this Security Instrument immediately before the partial tslting, desmtctiam, or loss in value,
<br />unless Borrowez and Lender otherwise agree in writing, �e sums secured by this Secuzity Instrum�ent shall be reduced
<br />by the amount of the Miscxllaneous Froceeds muldplied by the following fracdon: (a) the wtal amount of the sums
<br />secured immediately before the parkial taking, deswcdon, or ioss in value divided by (b) the fair mazket value of the
<br />Properiy immediately before the partial haking, destruction, or loss in value. Any balance shall be paid W Borrower.
<br />In the event of a partial talcing, destruction, or loss in value of the Property in which the fair market vatue of
<br />the Progerty inamediately before the partial taking, destruction, or loss in value is less tham the amouat of the sums
<br />secured imm�iately before the partial takiug, destruction, oz loss in value, unless Borrawer and Lender otherwise
<br />NEBRASKA—SingEe Family—Fannie Mae/Freddie Mac UNIFORM INSTRUMFJVT � aocMaglc�
<br />Form 30Z8 1/01 Pege 8 of 14 wavw.docmagk.com
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<br />Ne30Z8.da.�1
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