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2001006.6 771- 783474 -0
<br />021 - 7834740
<br />make payments using any source of funds that the mortgage insurer may have available (which may
<br />include funds obtained from Mortgage Insurance premiums).
<br />As a result of these agreements, Lender, any purchaser of the note, another insurer, any
<br />reinsurer, any other entity, or affiliate of any of the foregoing, may receive (directly or indirectly)
<br />amounts that derive from (or might be characterized as) a portion of Borrower's payments for
<br />Mortgage Insurance, in exchange for sharing or modifying the mortgage insurer's risk, or reducing
<br />losses. If such agreement provided that an affiliate of Lender takes a share of the insurer's risk in
<br />exchange for a share of the premiums paid to the insurer, the arrangement is often termed "captive
<br />reinsurance." Further:
<br />(a) Any such agreements will not affect the amounts that Borrower has agreed to pay
<br />for Mortgage Insurance, or any other terms of the Loan. Such agreements will not increase the
<br />amount Borrower will owe for Mortgage Insurance, and they will not entitle Borrower to any
<br />refund.
<br />(b) Any such agreements will not affect the rights Borrower has — if any — with respect
<br />to the Mortgage Insurance under the Homeowners Protection Act of 1998 or any other law.
<br />These rights may include the right to receive certain disclosures, to request and obtain
<br />cancellation of the Mortgage Insurance, to have the Mortgage Insurance terminated
<br />automatically, and /or to receive a refund of tiny 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
<br />hereby assigned to and shall be paid to Lender.
<br />If the Property is damaged, such Miscellaneous Proceeds shall be applied to restoration or
<br />repair of the Property, if the restoration or repair is economically feasible and Lender's security is not
<br />lessened. Durmi g such repair and restoration period, Lender shall have the right to hold such
<br />Miscellaneous Proceeds until Lender has had an opportunity to inspect such Property to ensure the
<br />work has been completed to Lender's satisfaction, provided that such inspection shalt be undertaken
<br />promptly. Lender may pay for the repairs and restoration in a single disbursement or in a series of
<br />progress payments as the work is completed. Unless an agreement is made in writing or Applicable
<br />Law requires interest to be paid on such Miscellaneous Proceeds, Lender shall not be required to pay
<br />Borrower any interest or earnings on such Miscellaneous Proceeds. If the restoration or repair is not
<br />economically feasible or Lender's security would be lessened, the Miscellaneous Proceeds shall be
<br />applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if
<br />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
<br />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.
<br />In the event of a partial taking, destruction, or loss in value of the Property in which the fair
<br />market value of the Property immediately before the partial taking, destruction, or loss in value is
<br />equal to or greater- than the amount of the sums secured by this Security Instrument immediately
<br />before the partial taking, destruction, or loss in value, unless Borrower and Lender otherwise agree in
<br />writing, the sums secured by this Security Instrument shall be reduced by the amount of the
<br />Miscellaneous Proceeds multiplied by the following fraction: (a) the total amount ofthe sums secured
<br />immediately before the partial taking, destruction, or loss in value divided by (b) the fair market value
<br />of the Property immediately before the partial taking, destruction, or loss in value. Any balance shall
<br />be paid to Borrower.
<br />In the event of a partial taking, destruction, or loss in value of the Property in which the fair
<br />market value of the Property immediately before the partial taking, destruction, or loss in value is less
<br />than the amount of the sums secured immediately before the partial taking, destruction, or loss in
<br />Ap
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<br />NEBRASKA— single Family -- Fannie MAe/Fire"t Mac UNIFORM INSTRUMENT
<br />Form 3o2s l /oi (page 9 of /S pager) Doc M (11 -9 -2000) FPS K1469
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