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<br /> pay �he p�remiums xequi�red to m.azn�axn Max�gage Insurance in effec�, or to �rovxde a rion��-efui�dab�e loss
<br /> r�ser�e, un�il Lender's re�uiremen� for Mortgage Insurance ends in accardance with any �vri�ten agreemenfi
<br /> betu�een Barrawer and Lender praviding far such �erminatian or ur�t�I �e�rmina�ion is requi�ed .by App�rcable
<br /> Law. �othing in this Section 10 affects Ba�rower's abligation�o pay intex�s�a��he rate p�r��rided in �h�No�e.
<br /> 1Vlartgag� Insurat�ce reil�7vurses Lender (ot• an� en�i�y �ha� put:ci�ases �l�e Note} foz� certain losses it may
<br /> incur if Borrower does nnt repay�he L�an as agreed.Barr�wer is nat a party�a�he Mortgage�nsurance.
<br /> 1Vl�rt�a�e insur�rs evaivate their total rtsk on a11 such insurance zn forc� from �ime�o �irne, and may en�er
<br /> �nta agreements ���h o�her par�ies that sharc or modify th�ir �isk, or xcduce losses. These agreement� are �n
<br /> tie�ms and candztions �hat are sat�sFa�tory �o �he mortgage ir�sure�r and the �ther par�y �or par�ies} tn �hese
<br /> agreemen�s. These agreemen�s may requ��re �he mo�{tgage rnsure� to mal�e paymen�� using any source of funds
<br /> �hat the mortga�e insurer may haue avai�able �which may i�clude funds ab�ained from M�rtigage Tnsu�rance
<br /> p�em�urns}.
<br /> As a resul� of�hese a�reemen�s, Lender, any �ut�haser of the N��e, another insurer, any reinsure�r, any
<br /> other entity, or any affitia�e of any af the forego�ng, rnay �,ecei�e (di�ec�ly a� indirectly� amoun�s �ha� derive
<br /> from {or might be characteri��d as� a partion of Bor�ower's payments for Mar�gage 7�su�r�.nce, i� cxchange far
<br /> sl7a�'ing �� madifyi��g tl�� mortgage i��surer's risl�, flr reducing Iosses.. If such agreement pro�ide� tha� an
<br /> affiliate of Lender tal�es a share of the insurer's risk in ���hange for a share of th� pxemiums paic� �o �he
<br /> insurer,the arrangement is often t�rmed"capt��e reinsuranc�,"Further;
<br /> (a} Any such a�reements wxl� no� affect the am aunts that �3arr�wer has agreed to �aay for Mortgage
<br /> Insu�rance, ar any a�her terms of�he Loan. Such agreements wx1l n�t increase the amount Borr�wer w��l
<br /> owe for Mortgage In�urance,and they will no�entz��e Borrower to any r�fund.
<br /> �b} Any such agreements w�X� no� affec� tihe rxghts Borrower has - �f any - with respc�� ta the
<br /> Mor�gage Insurance under the Homeo�vvners Protection Act af 1998 or any o�he�- �aw. These righ�s may
<br /> incluae t�� right tU reeei�� �er�ain disc�osure�, �� rec�ue5t and obtain cancella�ion of the Mnr�gage
<br /> Ir�suranc�, �o ha�e the Mortgage Insuran�e ferminated au�oma�xca��y, andlor �o recei�e � r�funa �� any
<br /> MortgAg�Insurance premYums�hAt were unearned at the txme af such canccl�a�ion or�erminat�on.
<br /> ll. Assignment�f Miscellaneous Proceed�; Forfex�ure. A.l�Misce�lar�eous P�roceeds are hereby assigned
<br /> �o and sh a��he pa�d�o I.en der.
<br /> If�he P�rop��r�y �s dama�ed, such Mi�cella�aeaus Procee�s shall b� appiied �� res�oratiori or repair of�he
<br /> P�rflper�y, if�he res�o�a��on ar rcpair is cconomica��y feas�b�c and Lender's securi�y is no� �essened. During
<br /> SLiGh. repa�r a�.d re�t��ra�:i�n period, Lender shall ha�e �he �rxgh� �a hc�lci su�h Misce�lane�us Praceeds un�xl
<br /> Lender has had �in oppor�uni�y �o inspec� such Frope�fiy �o en�ure �he work has be�n campleted to Lende�'s
<br /> satisfactxon, p��vided �hat such �nspec�ian sha�l be unde�r�al.fen. promp�l}�, Lender may pay f�r �he repairs and
<br /> res�ora�ion zn a single disburscmen� �r in a series of pxogress payments as the wark is cornple�ed, Unles� an
<br /> agreem�nt is made in wril;rng or Applicable Law �equires ini:erest 1:o be pa�d on su�h Miscellaneous Pro���ds,
<br /> Lender shall not be requ�red �o pa�Borrav�e� any in�eres� or earnings on such Misceilaneous Proceeds. �f the
<br /> res�ora�ian ar repair is no� ecanamically feasible �r Lender's securit� w�uld he l�ss�ned, �he Misce�iancaus
<br /> Froceeds sha�� be a��l�ed �o �he sums secured �y �his Secu�rity �nstrurnei��, v��he�he�• or not then du�, with the
<br /> excess, if any, paid �o B�rr�w�r. Such Mis��Ilaneous Pra�e�ds shall he applied in �he ❑�rder pro�ided for in
<br /> Sec�ian�,
<br /> In the even� of a tatal taking, destruction, ar loss in val�� af the Praperty, the Miscellaneous Proceeds
<br /> shali b� applied tU �he sums s�cured by thrs Se�uri�y Instrument, whethe�r or no�then du�, v�ri�h �he ex�ess, if
<br /> any,paid�a Borrovver.
<br /> In�he �ven� of a par�ial tal��ng, destructiian, or lass in va�u�e of the P�oper�y in which�he fair market val�ue
<br /> of�he Property immediately before the �artiial �alcing, d�stru�tion, o� �ass i�n value is equal to a�r great�� than
<br /> �he arn�un�af�he sums secur�d by this Security 7nstrum�nt immedia�ely �efnre�he par�ia��alcing, des�ruc�zon,
<br /> or loss in �ralu�, uniess Barrower and Lender oth�rvvise agree iri v�rri�zng, �he sums se�ured by �hi� Securi�y
<br /> Ins�rument sha11 be r�du��d by 1;he amour���f the Miscellaneous Proceeds mul�ipli�� by�he foilowing frac��an;
<br /> �a} ��e �a�al amount of�l�e sums secured �mmed�ately befo�e t11e pa���a� �al�ing, destt•uction, o�' �oss in �alue
<br /> d��ided by �b}the fair marke� vaiuie �f the Praper�y imrned�a�ely before the par�ial �ak�ng, des�ru�tion, or lass
<br /> in value, Any balan�e shall be paid to Borrow�r,
<br /> ' In the ev�n� of a par�ial �aking, des�ruction, or l�ss in �ralue of the P�ro�er�y in which�he fait� �narke�value
<br /> of the Property immedia�ely before the partial �al�ing, destruc�ion, or l�ss in value is l ess tha.n�he amaunt af
<br /> the sums secur�d immedia�e�y befare the �ar�'ial �aking, desi:ruc���n, ar loss ir� �alue, unl�ss Borrower and
<br /> Lender otherwise agree in w�iting, the M�sce�laneous Pr�ceeds shall be applied �o �he sums secured by �his
<br /> NEBRASKA-Singl� Farni�y -FannieMa��FreddieMac LJNIFDRM INSTRUMENT
<br /> �arm 3028�114�
<br /> Laser�orms Enc,�800}q46-�555 ..��
<br /> LFI#FNMA3028 91�� Page�af 13 �n itia ls;�
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