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r ��14��59�
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<br /> Doc ID #: **�����*44g1o8o13
<br /> �vere due �vhen the insurance co�erage ceased tv be in effec�. Lender will accept, use and retain thesQ
<br /> payments as a non�refundable �oss reserve in lieu of Martgage Lnsurance. Such�oss reser�e sball be non-
<br /> refundabie, notwithstandaung the fac# that �he Laan is ul�i.mately paid in full, and Lender shall not he
<br /> required to pay Borrower any interest or earnings on such loss reser�re. Lender can na xonger require loss
<br /> reser�e payments if Martgage Insurance co�erage ��n the amount and for the per�od that Lender requires}
<br /> pravided by an �nsurer selected by Lender again becvmes available, �s obtained, and Lender requir�s
<br /> separateYy desYgnated payme�its�ov�+�ard�he premiux�nns for Martgage Ynsurance.Zf Lender requaired Mortgage
<br /> �nswrance as a candi#ian vf mak�ing the Loan and Borrower was requ�red tv make separa�el�r designated
<br /> paym.ents taward the premiurns for Mortgage Insurance, Borrovver shall pa�r the premiurns r�quired �o
<br /> maxntain Mortgage InSurance in effect, or to pro�ide a non-refundahle loss reserve, until Lender's
<br /> reqwirernenf far Mortgage Ynswrance ends xn accordance�vith any vvriiten agreement between Bvrrovver and
<br /> Lender pro�iding for such terrninat�an ar untxl terrninat�an�i,�requ�.red by Applicable Law. No�h�ng in#hits
<br /> 5ection�.0 affects Borrower's ohligativn to pay inter�st at the rate pro�ided�n the No�e,
<br /> Mvrtgage �nsura.r�ce reirnhurses Lender �or ar�y en�ty that purchases the Nfate} far certa�n �osses it rnay
<br /> incur�f Borrower daes not repay the Loan as agreed.Barrower�s nvt a party to the Mortgage Insurance.
<br /> Martgage insurers evaYuate their�o�al ri.sk an all such i.nsurance iun force frorn tiune to time, and may enter
<br /> in�o agreements wi�h other pa.rlies�h.at share�r mvclify their risk,or reduce xasses.These agreements are on
<br /> �erms and conclilions fha�are satisfactory to the mortgage insurer and the other party �vr parties� to these
<br /> agreements. These agreements ma�'require the rnartgage Ynsurer to make pa�ments using any saurce of
<br /> funds that �he martgage insurer ma�r have av'ai�ab�e �w�uch may incYude funds obtained from Mortgage
<br /> �nsurance premiums).
<br /> As a res�f vf these agreements,Lender,an�purchaser of the Note,another Ynsurer,any rein�urer,an�other
<br /> entii�,or an�affi�iate af any of the foregoing,rnay recei�e �dirQctly or indirectly}amounts that deri�e frurn
<br /> �or m�gh#be characterized as} a portivn of Borrower's payments for Mortgage Ynsux~ance, in exchange for
<br /> shar�ng vr modify7ing fihe mortgage insurer's risk, vr reduc�ng lvsses. If such agreemeni provides that an
<br /> af#���ate of Lender takes a share af the insurer's ri.sk in exchange for a share of the premiums paid �o the
<br /> ulsurer,#he arrangement is often termed"captive reiinsurance."Further:
<br /> �a} An�such agreements will no�affec�the amaunts that Borrower has agreed�a pay f�r Mortgage
<br /> Insurance, or any otiher terms of the Loan. Such agreements will nat rncrease the amoun�
<br /> Borrower will owe for Mor�gage Insurance,and they wi�I aot enti��e Borrower�o any refund.
<br /> �b} Any such agreements wilY nof affec� �he r�gh�s Borrower has - if any - with resPec� to the
<br /> Mortgage Insurance und�r the Home4wn�rs Pro�ection Act af 1�98 or any other law. These
<br /> rights may include fihe �r�ght to receive certain disciasures,to request and o�ta�n cancellation of
<br /> the Mor�gage Insurance, to ha�e tihe Mortgage Insurance �erminated automaticalXy, andlar to
<br /> recei�e a refund of any Mortgage Insurance premiums that were unearned at the time of suCh
<br /> cancellativn or termYnafiion.
<br /> 11. Assignmen�of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby assigned to
<br /> and shall be paid to Lender.
<br /> �f the Prnperty is darnaged, such Miscellaneous Praceeds sha�� be appl�ed to restora�3on or repa�r of the
<br /> Propert�, if the res#orat�on or repair is economically feasible and Lender's secutl�is not Iessened. L�ur�n�
<br /> such repair and res�oration peMad, Lender shall ha�e the r�gh�to hold such Mi�cellaneous Proceeds unti�
<br /> Lender has had an opporiuruty to inspect such Prvperty to ensure the work has been complefed tv Lender's
<br /> satisfaction, provided #ha�such inspeciion shall be underta.ken prampt�y. Lender ma� pay for the repaus
<br /> and restorai�on �n a single d�sbursement vr in a ser�es of progress payments as #h� work �S carnpleted.
<br /> Unless an agreemen� is made in w�-iting or App�icable Law requues interest to he paid vn such
<br /> M�iscellaneous Proceeds, Lender shall not he required to pay Borrower any interest or earnaings on such
<br /> Misce�Ianeaus Proceeds.�f�he restoration ar repa�ir is nat ecanarnically feasible or Lender's secur�iy wouid
<br /> be Iessened, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrurnent,
<br /> whether or nv�then due, with the excess, i,f any, paid to Borrower. Such Misc��laneous Prviceeds shall be
<br /> applied in#he order provided for in Secfi.on�.
<br /> In the e�ent af a total#aking,destruct�on, or Ioss in�aiue of the Propert�,�he M�Scellaneous Proceeds shall
<br /> be app�ied�o the sums secured by tbis 5ecurity rnstrument,whether or��ot then due,with�h�excess,�f an�,
<br /> pa�id to Borrower.
<br /> In�he e�en�of a part�a�taking,destruction,vr loss in va�Iue af�he Property in wh�ch the fair market�a�ue of
<br /> the Property immed�ately hefore the partxal taking, destruction, or loss in�alue is equai to vr greater than
<br /> �.he amaunt of the suxns secured by this S�curity Insirument i.mrnedYately before fhe partia� tak�ng,
<br /> destruction, or Ioss in Walue, wtil.ess Borr�wer and Lend�r othezwise agree in vvrlting,the sums secured by
<br /> this Securi�y �nstrument shall be reduced by#he amvunt of�he Mi�cellaneous Proceeds multiplied by the
<br /> foilowing fractio��; �a} the #ota� amvunt of the surns secured unmediately before the par4�a1 �aking,
<br /> destruction, or loss in�aiue div�ded by �b} the fair market�alue of the Property iunmed�ately hefare the
<br /> partial,taking,destructioii,or loss�n�alue.An�r balance shall be paid to Borrovwer.
<br /> NEBRASKA--Single Family--Fannie MaelFredd�e Mac 11N�F�RM iNSTR[JMENT Farm 3028 'i!0'i
<br /> ❑eed❑f Trust-N E
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