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2� 1 ��315�
<br /> agre�ments may r�quire the�r�ortg�ge�nsurer t�naake payments usin�any s�urce o�fund�that the mort�ag��nsurer may
<br /> have available�which�n.ay i.nclude fund�obtained from Mortgage Insurance premiurns�.
<br /> As a result af these ag.reemen�s,Lender,any purcha5er�f the note,�nother insurer,any reinsurer,any other entity,or
<br /> af�iliate of any of the fvregoing,may recei�e�direct�y or indire�tly�amvunts�ha�d�ri�e from�or might be charact�rized
<br /> as� a porti�n of�orrower's payments for Mortgage Insurance, in ex��an�e for sharing vr modifying the mortgage
<br /> insurer's risk,ar reducing losse5.If su�h agr�ement pra►vided that an affiliate of Lend�r takes a share of�he insurer's risk
<br /> in exchange for a share �f the prerniun�s paid to the �nsurer, the arrangement is often termed"captive reinsurance."
<br /> Fur�her:
<br /> �a}Any su�h agr�ements wil�not affect the amoun�s�hat Borraw�r h�s�gre�d t�pay for Martgage Insurance,
<br /> or any other�erms of the Loan.Su�h agreements will n�t increase the amount Bvrrower will owe for Martgage
<br /> Insurance,and th�y w�l�not entitle Borrower to any refund.
<br /> [b)Any such a�re�ment5 will not affect the rights Borrower has—if any—with re�p�c�ta the Mortgage
<br /> Insurance und�r th�Ha�meowners Prot�ction Act of 19�8 or any other law.�'hes�right5 may include the righ�ta�
<br /> recei�e�ertain disclosures,to request and vb�ain cance�lation of the Mortgage Insurance,to ha�e�he Mar�gage
<br /> Insurance terminat�d automat�caily,andlor to re�ei��a r�fund of any Mortgage Insurance premiums that vvere
<br /> unearned at the time of such Cancell�tion or termin�tion.
<br /> 11.Assignment�f Miscellaneous Pr��eeds;Forfeitur�,A�1 Miscellane�us Pro�eeds are hereby assigned t�and
<br /> sha��be paid to L�nder.
<br /> If the Property i�dama�ed,such Miscellanevus Proceeds shall�e appiied to r��toration ar repa�r of the Prop�r�y,if
<br /> the res�aratian or r��air is�conamically feas�ibl�and Lender's seeurit}�is not lessened.I�u�rin�such repair and restor�tion
<br /> periad,L�nder shall ha�e�he rig�t to h�ld su�h Mis�ellaneaus Pr�ceeds un��l Lender has had�n op��rtunity to i.nspe�t
<br /> such Property ta�ens�ure th�work has been compieted ta Len�er's�atisfaction,prnvid�d tha�such i�aspec�iar�sha11 be
<br /> undertaken promptly.L�nder may pay f�r the repairs and restoratian�n a si.t�gle d�s�ursement or in a series af progress
<br /> pa�men�s as�he�rar1�i�c�mpleted.Unless an agre�ment i�made in writing vr Ap�licable Law reyuires i�nter�st to b�
<br /> paid an such Miscell��aeous Froceeds,L�nd�r sha11 not be requir�d to pay Borrower any interest or earning5 on s��h
<br /> Miscellaneous Pr�ceeds.�f the restoration or repair is n�t e�onamically feasi�le or Lend�r's security w�u�d be lessen�d,
<br /> the Miscellane�us Proceeds�hail be appl�ed to the sums secured by this SeGurity Instru.ment,whether or not then due,
<br /> v��th tihe excess, if any,paid tv Borrower. Su�h Miscellaneous Pr�ceeds sha11 be applied ir�the vrder proWided for in
<br /> S ection 2.
<br /> In the e�ent of a total taking� destru�tion, or l�ss in value of the�roperty, ��e Miscellaneaus Proceeds shall be
<br /> appl�ed to the sums secured by t�is Security Instr�ument, whether �r not th�n due, with the e�cess, if any, paid �o
<br /> Bartower.
<br /> In the e��nt�f a p��al�aking,d�struct�on,ar lQs�in�alu�vf the�ropert�r in v�rhich the fa2r mark�t�alu�of the
<br /> Pr�perty imm�diately before��e partial taking,destru�tion,vr lo5s in�a�ue is equal ta vx greater than�he amvunt of the
<br /> sums secur�d by this S�e�urity I�.strumer�t�mmediately b�fore the partial taking, d�struction, �r Io�s in�a�ue, un�ess
<br /> B�rrower and Lender otherwise agre�in v�riting,th�sums se�ured b�this Se�urity Instrum�nt shall b�redu�ed by the
<br /> amount of the Misc�llaneaus Praceeds multiplied by the f�llowing frac�ion: �a}the total am�unt af th�sums seGured
<br /> �mmedia��ly before th�partial taking,de�truction,�r loss in value divid�d by�b}t�e fair market va�ue of�he Frvp�rty
<br /> immedia�ely before th�par�ial takix�g,d�structi�n,ar loss in va1u�,Any balan�e shall b�paid to Borrt�wer.
<br /> In the event of a pa.r�ial��king,d�stru�tio�,�r l�ss in wa�ue of�he Propert�in v�hiGh the f�ir mark�t�alue of the
<br /> Properry immediatel�b��or�the partial takinga destruction,or loss in�alue is less than th�amount of the sums secur�d
<br /> immediately before #�e paxtial taking, destruction, or loss in �alue, unless Barr��er and I�end�r atherw�se agree in
<br /> writing,the Misc��laneous�roceeds shai�be applied to th�sums se�ured by this 5��curifiy Instrument whether vr not the
<br /> sums are then du�.
<br /> If th�prnperty is �b�ndoned by�orrawer,or if, after notice by L�nder to Borrower that the�ppasing Par�y�as
<br /> defin�d u�.th�riex�senter�ce�offers tQ make an award to s�tti�a clairn for damages,�orrower fails ta r�spond to Lender
<br /> vvithin 30 days after the date t.�e notice is given,Lender is authorized to coil�ct and apply the Miscellaneous Pro�eeds
<br /> �ither tQ restorati�n or r�pair of the Froperty or to the sums secured by this Securi�y Instrument,wh�ther or not then due.
<br /> "�ppos�ng P�rty"me�ns the third party that owe�Borrower Mis�ellaneous P�rviceeds ar the parry against whom B�rrower
<br /> has a right��aGtion in rega�rd�v Miscellaneous Praceeds.
<br /> NEB�ASKA-Single Farni�y-Fannie MaelFreddie Ma�UNIF�RM iN5TR��lENT w�th�IIER� Form �8 ��
<br /> Page 8 af�3
<br /> IDS,1nc.-3�227 B�rr�wer�S}Initial5
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