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201211145
<br /> As a result of ihese agreements,Lender,any purchaser of the Note, another insurer,any reinsurer,
<br /> any other entfty, or any affiliate of any of the foregoing,may receive(direcfly ot indirecdy)amaunts that
<br /> derlve from(or might be characterized as)a portion of Borrower's payments for Mortgage Insurance,in
<br /> exchange for sharing or modifying the morfgage insurer's risk, or reducing Losses. If such agr�ment
<br /> provides that an affiliate of Lender takes a share of We insurer's risk in exchange for a share of the
<br /> premiums paid ta the insurer,the arrangement is often termed"capHve re9nsurance."Further:
<br /> (a) Any such a��ents will not affect the amounts that Borrower has agreed to pay for
<br /> Mortgage Insurance,or any other terma of the Loan. Such agre,�►ents will aot mcrease the amonnt
<br /> Borrower will owe for Mortgaga Insurance,and they will aot�title Borrowar to anX refund.
<br /> (b)Any such agreements will not affect the rights Borrower has-if aay-wrth respect to the
<br /> Mortgage Inaurance under the Homeownas Protection Act of 1998 or eny other law. These rights
<br /> may include the right to receive certain disclosures, to request and obtaia cancellation of the
<br /> Mortgage Insurance,to have the Mortgage Instuance terminated automatically, aad/or to receive a
<br /> rafund of any Mortgage Insurance premiuma that were unearned at the time of such cancallation or
<br /> termination.
<br /> 11. Assignment of Miscellaaeous Proceeds; Forfeiture. All Miscellaneons Pmceeds are hereby
<br /> assigned to and shall be paid to Lender.
<br /> If the Properly is damaged,such Miscellaneous Proceeds shall be applied to restoratioa or repair af
<br /> the Property, if the restoraHon or repair is economically feasible and Lender's secutity is not lessened.
<br /> During such repa3r and restoration peciod,Lender shall have the right to hold such Miscellaneous Proceeds
<br /> until Lender has had an opporlunily to inspect such Property to ensure the work has been compleled to
<br /> Lender's satisfacdon,provided thai such inspection shall be undertaken prompfly. Lender may pay For the
<br /> repalrs and restorarion in a single disbursement or in a sedes of progress payments as the work is
<br /> completed.Unless an agreement is made in writing or Applicable Law requires interest to be paid on such
<br /> Miscellaneous Proceeds, Lender shall not be required to pay Bonower any interest or earnings on such
<br /> Miscellaneous Proceeds.If the restoraHon or repair is not economically feasible or Lender's security would
<br /> be lessened,the Miscellaneous Proceeds shall he applied ta the sums secured by this Security Instrument,
<br /> whether ar nat then due,with the excess,if any,paid to Borrower.Such Miscellaneous Praceeds shall be
<br /> applied in the order provided for in Section 2.
<br /> In the event of a total taking, deshvction, or loss in value of the Property, the Miscellaneous
<br /> Proceeds shall be applied to the sums secured by this SecurIty Insdvment,whether or not then due,with
<br /> the excess,if any,paid to Borrower.
<br /> In the event of a partial taking,destruction,or loss in value of the Property in whlch the fair mazket
<br /> value of the Property immediately before the partial taldng, destruction, or loss in value is eqnal to or
<br /> greater than the amount of the sums secured by this Securlty Instrument unmediately before the parhial
<br /> • taking, destructlon, ar loss in value, nnless Bonower and Lender otherwise agree in writing, t6e sums
<br /> secured by this Secvrity Instrument shall be reduced by the amount of the Miscellaneous Proceeds
<br /> mulflplied by the following fracdon: (a) ihe total amount of the sums secured immediately before the
<br /> , par[ial taking, destruction, or loss in value divided by @) the fair muket value of the Property
<br /> unmed3ately before the partial taking,destrucHon,or loss in value.Any balance shall be paid to Borrower.
<br /> In the event of a partial taking,destrucflon, or loss in value of tf�e Property in wluch the falr market
<br /> value of the Property immediately before the partial taking, destrucdon, or loss in value 3s less than the
<br /> amount of the sums secured 3mmediately before the parHal taldng, destruction, or loss in value,unless
<br /> Borrower and Lender olherwise agree in wddng,the Miscellaneous Proceeds shall be applied to the sums
<br /> secured hy this Security Inshvment whether or not the sums are then due.
<br /> If the Praperiy is abandoned by Borrower, or if, after notice by Lender to Borrower that the
<br /> Opposing Party (as defined in the ne7ct sentence) offers to make an award to settle a claim for damages,
<br /> Borrower fails to respond to Lender within 30 days after the date the noNce is given,Lender is authorized
<br /> to collect and apply the Miscellaneous Proceeds either to restoraaon or repa9r of the Property ar to the
<br /> sums secured by this Securily Instrument,whether or not then due. "Opposing Party"means the third party
<br /> that owes Borrower Miscellaneous Proceeds or the party against whom Borrower 6as a right of actian in
<br /> regard to Miscellaneous Proceeds.
<br /> Bonower shall be in default if any acdon or proceeding,whether civil ar crlminal,is begw that,in
<br /> Lender's judgment, could result in forfeiture of the Property or other material itnpaitment of Lender's
<br /> interest in the Property or righls under this Security Instrument.Borrower can cure such a default and,if
<br /> acceleradon has occurred,reinstate as provided in Seclion 19, by causing the action or proceeding to be
<br /> 92285634 0086307519
<br /> N�RASKA-Single Family-Fannle MeelFr�dle Mac UNIFORM INSTf�JMBJT WITI-J�A�2,S
<br /> ��A(NE�(oeio> Pega 9 aP 15 mrc�a�s: �S7 Form 3028 1l01
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