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2� 1 ���375
<br /> Do� zn #: ********�6��0101�
<br /> were due when the insurance cvverag� ceased ta be in �ffe��. Lender wi11 accept, use and retain these
<br /> paymen#s as a non-refunda�le lass reserve in lieu af Mortgag��nsurance. Such loss reser�e shall be nvn-
<br /> refundabl�, n�twithstanding the fact that the Loan is ultimately paid in full, and Lender shall nat be
<br /> required to pay Borrav�er any�nterest vr earnings an such lass reserve. Lender can no �onger require loss
<br /> . reserve payments if Mor#gage Insurance coverage �in the amount and fvr the peri�d that Lender requires}
<br /> pravided hy an insurer selected by Lender again becomes available, is vbtained, and Lender requires
<br /> separate�y des�gnat�d payments tov�ard the prQnuums far Mortgage Insurance.�f Lender requ�red Mortgage
<br /> Insurance as a c�ndition of making the Loan and Borrower was required tv make separate�y designated
<br /> pa�ments �nv�ard the premiums for Mortgage Insuranc�, Borrower sha�l pay the prem�ums required to
<br /> mainta�n Mvrtgage Insurance in eff�ct, or to provide a non-refunda�le loss reser�e, unti� Lender's
<br /> r�quir�ment for Mortgage Insurance ends in acc�rdance With any vvritt�n agreement�etween Borrvwer and
<br /> Lender pro�iding for such terminatinn or unt��terminativn is required by Applicable Law. Nathing in this
<br /> SeCtion 1 U affects Barrovver's ohligation t�pay interest at the rate pro�ided in the Note.
<br /> Mortgage Insurance reim�urses Lender �vr any en�i� tha� purchases the Nate} fvr cer�ain losses it may
<br /> incur�f Bvrrower daes no�repay th�Loan as agr��d.Bvrrv�ver is nat a party tv the Mortgage Insurance.
<br /> Mortgage insurers evaluate#he�r tvtal risk on a�I such insurance in for�e frvm time to time, and may enter
<br /> intv agreements with v�her parties that share or madif�their risk,or reduce losses.These agreemQnts are vn
<br /> terms and canditions that are sa�.sfact�ry tv the mortgage insurer and the ather party �or parti�s} to these
<br /> agreements. These agreements may requ�.re the mortgage insurer to make paymen�s using any source of
<br /> funds that the mortgage insurer may have ava�lab�e ��vhich may in�lude funds vbtained from Mvrtgage
<br /> Insurance premiums}.
<br /> As a r�sult vf these agreements,Lender,any purchaser of the N�te,anather insurer,any reinsurer,an�r vther
<br /> entity,ar any af�'�liate of any nf the fvregoing,ma�r receive �d�rectly or indirectly} amvunt�that deri��from
<br /> �o�rni.ght be characterized as� a pvrtion vf Bnrr�v�er's paym�nts for Mart�age �nsurance, in exchan�e for
<br /> sharing vr mvd' ' g the mortgage insurer's risk, vr reduc�ng lass�s. If such agreement provid�s that an
<br /> af��liate of Lender takes a share of the insurer's r�sk �n exchange for a share of�h� premiums paid to the
<br /> insurer,the arrangement is oft�n term�d"capti�e reinsurance."Further:
<br /> (a) Any such agreements will not afFect the amounts that Bvrrvwer has agreed to pay for Mortgage
<br /> Insurance, ar any other terms of the Loan. Such agreements will not increase the amount
<br /> Borrower will owe for Mortgage Insuran�e,and they wil�nat entitle Bvrrower to any refund.
<br /> [b) Any such agreements will not affect the righ#s Borrower has - if any - with respect to the
<br /> Martgage Insurance under the Homeowners Protect�an Act of 1998 vr any other law. These
<br /> rights may inc�ude the right to re�ei�e certain diselo�ures, to request and obtain cancellation of
<br /> the Mortgage Insurance, to ha�e the Mortgage Insurance terminated automatically, andlor to
<br /> recei�e a refund of any Mortgage Insurance premiums that were unearned at the time of such
<br /> cancellation or termination.
<br /> 11. ASsignment af I►�isce��aneous Proc�eds; Forf�iture. All Misceilaneous Pr�ceeds are here�y assigned tv
<br /> and shall�e paid tv Lender.
<br /> �f the Property is damaged, such M�scellaneous Proc�eds sha11 �e applied to restorativn or r�pair af the
<br /> Property, if the res�flration�r repair is economically�feasible and Lender's security is nvt�essened. During
<br /> such repair and rest�ration per�od, Lender sha11 haWe the right ta hold such Misce�lanevus Proceeds until
<br /> Lender has had an vpportunity to inspect such Property to ensure the work has been comp�eted�o Lender's
<br /> satisfactian, provided that su�h inspection shall be undertaken promptly. Lend�r may pay fvr the repairs
<br /> and restvration in a single disbursement vr in a series of progress payments as the work is completed.
<br /> Unl�ss an agreemen� is made in writing or Applicable Law requires interest to �e paid an such
<br /> Miscellanevus Proceeds, Lender sha�l n�t be required tv pay Borrovver any interest or earnings �n such
<br /> Miscellaneous Prnceeds. If the restoration vr repair is nat ecvnamically feasible�r Lend�r's se�urity vvould
<br /> b�lessened, the Misce�lanevus Proceeds shall be applied �o the sums secured by this 5ecurity Instrum�nt,
<br /> v�hether ar nat#hen due, �ith the excess, if any, paid to Borro�er. 5uch Misc��lanevus Prviceeds sha1l be
<br /> appl�ed in the vrder prvvided fvr in Section 2.
<br /> In the event af a total�aking,destructivn,ar loss in�a.lue of the Property,the Miscel�aneous Pr�ceeds sha11
<br /> �e applied to the sums s��ured by this Securi�y Instrument,vvhether vr no�then due,with the e�cess, if any,
<br /> paid ta BorrovWer.
<br /> In the e�ent of a partial ta�king,des�ruction,vr loss in�value of the Proper�y in vvhich the fair mark�t va�ue vf
<br /> the Property unmediately befare the partial tak�ng, destructivn, or loss in value is equal to or greater than
<br /> the amaunt of the sums secured by th�s 5ecur��y Instrument �mmediately �efore the partia� taking,
<br /> destruction, nr lvss in�a1ue, un�ess Bvrrvvver an� Lender vtherwise agree in�vriting, the sums secured by
<br /> this Securit� Instrument shall he reduced by the amount of the Mis�ellanevus Praceeds multiplied by the
<br /> f�llowing fraction: �a} the tvtal amount vf the sums s�cured immediately befnre �he par�ial taking,
<br /> destruction, or loss in �alue di�ided by �b} the fau market value of the Prvperty immediately befvre the
<br /> partia��aking,destructian,�r loss in value.Any�a�ance shall�e paid to Borrvwer.
<br /> NEBRASKA--Single Family--Fann�e AlIaelFreddie Mac UNIFDRM INSTRUMENT Form 3�28 '1l41
<br /> Deed vf Trust-N E
<br /> Z�Ofi--NE�D81'13} Page 7 af'I2
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