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<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 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 to make payments using any source of funds that the mortgage insurer may
<br /> have available(which may include funds obtained from Mortgage Insurance premiums).
<br /> As a result of these agreements,Lender,any purchaser of the note,another insurer,any reinsurer,any other entity,or
<br /> affiliate of any of the foregoing,may receive(directly or indirectly)amounts that derive from(or might be characterized
<br /> as) a portion of Borrower's payments for Mortgage Insurance, in exchange for sharing or modifying the mortgage
<br /> insurer's risk,or reducing losses.If such agreement provided that an affiliate of Lender takes.a share of the insurer's risk
<br /> in exchange for a share of the premiums paid to the insurer,the arrangement is often termed"captive reinsurance."
<br /> Further:
<br /> (a)Any such agreements will not affect the amounts that Borrower has agreed to pay for Mortgage Insurance,
<br /> or any other terms of the Loan.Such agreements will not increase the amount Borrower will owe for Mortgage
<br /> Insurance,and they wiIll 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 1998 or any other law.These rights may include the right to
<br /> receive certain disclosures,to request and obtain cancellation of the Mortgage Insurance,to have the Mortgage
<br /> Insurance terminated automatically,and/or to receive a refund of any Mortgage Insurance premiums that were
<br /> unearned at the time of such cancellation or termination. _
<br /> 11.Assignment of Miscellaneous Proceeds;Forfeiture.All Miscellaneous Proceeds are hereby assigned to and
<br /> shall be paid to Lender.
<br /> If the Property is damaged,such Miscellaneous Proceeds shall be applied to restoration or repair of the Property,if
<br /> the restoration or repair is economically feasible and Lender's security is not lessened.During such repair and restoration
<br /> period,Lender shall have the right to hold such Miscellaneous Proceeds until Lender has had an opportunity to inspect
<br /> such Properiy to ensure the work has been completed to Lender's satisfaction,provided that such inspection shall be
<br /> undertaken promptly.Lender may pay for the repairs and restoration in a single disbursement or in a series of progress
<br /> payments as the work is completed.Unless an agreement is made in writing or Applicable Law requires interest to be
<br /> paid on such Miscellaneous Proceeds,Lender shall not be required to pay Borrower any inxerest or earnings on such
<br /> Miscellaneous Proceeds.If the restoration or repair is not economically feasible or Lender's security would be lessened,
<br /> the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument,whether or not then due,
<br /> with the excess,if any,paid to Borrower. Such Miscellaneous Proceeds shall be applied in the order provided for in
<br /> Section 2.
<br /> In the event of a total taking, destruction, or loss in value of the Property, the Miscellaneous Proceeds shall be
<br /> applied to the sums secured by this Security Instrument, 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 the
<br /> Property immediately before the partial taking,destruction,or loss in value is equal to or greater than the amount of the
<br /> sums secured by this Security Instrument immediately before the partial taking, destruction, or loss in value, unless
<br /> Borrower and Lender otherwise agree in writing,the sums secured by this Security Instrument shall be reduced by the
<br /> amount of the Miscellaneous Proceeds multiplied by the following fraction: (a)the total amount of the sums secured
<br /> immediately before the partial taking,destruction,or loss in value divided by(b)the fair market value of the Property
<br /> immediately 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 the
<br /> Property immediately before the partial taking,destruction,or loss in value is less than the amount of the sums secured
<br /> immediately before the partial taking, destruction, or loss in value, unless Borrower and Lender otherwise agree in
<br /> writing,the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument whether or not the
<br /> sums are then due.
<br /> If the Properiy is abandoned by Borrower,or if, after notice by Lender to Borrower that the Opposing Party(as
<br /> defined in the next sentence)offers to make an award to settle a claim for damages,Borrower'fails to respond to Lender
<br /> NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENTwith MERS Form 3028 1/01
<br /> Page 8 of 13
<br /> ios,inc. Borrower(s)Initials G�-
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