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2� 1 ��7��2
<br /> L�AN#:1 fi�3EIVl'159498
<br /> alternat�martgage insurersefected by L�nder.Ifsub�t�ntiaiiy equ�valent 1Ulartgage Ins�ran�e caverac�e is
<br /> nat a�ailabl�,Barrawer shall continu�to�ay t�L�nder the amount af�he separateiy designated payments
<br /> that were due when th�insur�nce coverage ceas�d to be in e�fect. Len�er uv�ll accept, use and r�tain
<br /> thes�paymen�s a�a non-refundabie loss reserve in iieu af Mortgag�Insurance.Such�oss reserve shalf
<br /> be non-refundabl�, notwithstand�ng the�act tnat#he Loan is ult�mately pa�d in full,and Lender sh�ll nat
<br /> b�requi�-ed to pay f3vrrower any int�rest�r earning5 vn suGh{��s r�serve.Lender�an n�langer requir�
<br /> Ioss re�enre paym�nts if Martga�e�nsuranc�cavera�e�in the amvunt and for the p�rivd that Lend�r
<br /> requir�s�provid�d by an insurer sel��t�d by Lender ag�in becames available, is abtained, and Len��r
<br /> requires saparate�y designated p�yments tavvard the prem�t�ms far Mortgage In�urance.if Lender required
<br /> Mv�tgage lnsur�nce as��andition af making the Lvan an�Barrawer was required t�mak�s�parately
<br /> designated�ayments taw�rd the prem�ums for Martgage Insuranc�, Borr�wer sh�ll pay th�premiums
<br /> require� to m�intain Martgage �nsurance in �e�f�ct, �r to provide a nt�n-�refund�hl� lass r�serve; until
<br /> L�nder's r�quir�ment for Martgage�nsu��nce ends in accordance with any vurit#en agre�ment between
<br /> Borr�w�r and Lend�r pra�iding far such termination or unti��errninati�n is requir�d by Applicable Law.
<br /> iVathing in�his Se�tion 1�afFect�Barrower's ob�iga�ian�o pay interest at the rate prqv�ded in the Nvt�.
<br /> IVlortgage fnsurance reimburses Lende��ar any entity that purGhases the Nvte}for certain iass�s it may
<br /> in�ur�f Barrower daes not repay the Laan as agreed.Barr�uver is nat a party t�the Martgag�insurance.
<br /> Nlortga�e Insurers evaluate their tatal r�sk vn all su�h insurance in�vrce fram t�m�ta tim�, and
<br /> may en��r inta agre�m�nts with�ther�arti�s that share or madi�y their risl�, ��reduce Ivsses.Th�se
<br /> ag�eements are an terms and canditions that are sa�isfact�r}�ta the mortgage insur�r and the oth�r
<br /> party 4�r parties�t�th�se agreem�nts.These agre�ment5 may require th�m�rt�age insurer ta�nal�e
<br /> payments using any sou�-ce of funds that the m4rt�age insurer may have availabie�which may inclu�e
<br /> funds abtain�d from Mvrtgage Insurance premiums}.
<br /> As a r�sult of these agreements, Lender,any purchas�r af the nate,another insurer,any reinsurer,
<br /> �ny ather entity, ar affiliate af any v#the foregvin�, may recei�e {di�ectly ar indi�e�tly} amounts tha�
<br /> derive fram�ar might b�chara�t�rized as}a p�rtir�n vf B�rrc�wer's paymen�s far llFlort�ag�Insurance,
<br /> in ex�hange for sh�ring�r madify�ng the mortgage insurer's risk,ar reducing losses.If such agreement
<br /> prav€d�d that an affifiate❑f Lender#akes a share��the in�urer's risk in ex�hange for a share of the
<br /> premiums paid ta the insurer,the arrangem��t i�often t�rmed"captive r�insu�ance."Further:
<br /> �a� Any suGh ag�eements r►vili r�ot affect the amounts that Barrower has agreed tv pay�or
<br /> Martgage tn5urance,vr any ather terms of the Laan.Such agre�m�nts will n�t inGrease the amount
<br /> Borrnwer will nwe far IVlartgage Insuran�e�and th�y will nat�ntit�e B�rrow�r t�any refund.
<br /> �b) Any �u�h agreements wil! nvt�ffect the rights Borro►nrer has -�f any-with respect ta
<br /> the Ma�rtgage Insurance under the Hvmeowners Protectian Act vf'1998❑r any other law.These
<br /> ri�hts m�y in�lude th�right t�rece��e certain di�clo�ures�ta reque�t and olatain cancellation
<br /> of the IUlartgage Insuran�e,to have the Mvrtgage InsuranGe terminated aut�mati�aliy,an�lfar ta
<br /> recei�e a refund of any Mvrtgage Insurance premiums�hat were unearned at the time❑f such
<br /> �ance�lation ar terminat�vn.
<br /> "I1. Ass�gnment o�Mis��lfaneous Proceeds;Farfeiture.Ail Miscellan�auS Praceeds�re hereby
<br /> assigned#o an�shal!be paid ta Lender.
<br /> Ifi the Praperty is damag�d,such Miscellaneflus Proc�eds shall be applied to restoration or re�air of
<br /> #he Prvp�rty,�f the restorati�n�r r�pair is���nomically feasibie and Lender's secur�ty�s n�t iessened.
<br /> During such rep�ir and rest�ratian peri�d, Lender shall hav� the right to hald su�h Mi��ellane�us
<br /> �raceeds unti! L�nder has had an oppvr�unity ta inspect�uch Pr�p�rty to ensure the wark has been
<br /> compl�ted to L�nder's sa#isfaction,prvvided that such insp�ction shail b�undertaken pramptly.L�nder
<br /> may pay f�r the repairs an� r��tarati4n in a singl�disbursement�r in a s�ries of progress paym�n�s
<br /> as th�wark is cvmpleted. Unles�an agr�ement is made in writing or Applic�ble Law requires interest
<br /> ta b�paid an such IIl�isc�llaneaus Pra�eeds, Lender��ail n�t be required ta pay BvrrQwe�any inter�st
<br /> �r earnings vn such fUliscelianeaus Rro�eeds. If the restoration ar repair�is not ec�nomi�ally feas�ble or
<br /> Lender's securi�y wauld be I�ss�ned,�he IIl�isce�laneous Pr�ceeds shalt be applied tv the sums secured
<br /> by this Securi�y�nstrument,whether or nat then du�,wi#h the e�G�ss, if any, paid tv Bvrrvwer. Such
<br /> �Iliscellanevus Pra�eeds sha�l b�app�ied in the�r��r prv��d�d��r in Section�.
<br /> In th�event af a�ata�l taking,destructivn,or lass in valu�o�th�Property,th�Misc�lfan�ous Rro�eeds
<br /> shall be applied t�the sum� secured by this S�curity Instrument, whether ar not then due, w�th the
<br /> excess, if any,p�id�o Borrower.
<br /> In th�e�ent v#a partia�taking,destructifln,�r loss in valu�uf the Praperty in which#he fair market
<br /> �aiue af the Pr�pert�l immediat�ly befQr�the part�al taking, dcstruGtior�, or�oss in va�u�is equal ta ar
<br /> greater than the am�un�af th�sums s�cure�by th�s Securi#y ins#rument imm�diately iaef�re th�partial
<br /> #aking,destruction,ar lass in vafu�, unl�ss��rrower and Lender otherwise agr�e in�nrrEt�ng,�he sums
<br /> secured by this Security Instrument shal! be redu�ed by the am�unt of th� Misc�lfane�us Proceeds
<br /> multiplied by the#ollowing fracti�n: �a}the tot�l amaunt of�he sums secur�d immediateiy before th�
<br /> part�a!taking,�estructivn,�r lvss in v�lu�div�ded by�b�the fair market�alue o��he Prvp�rty immediat�ly
<br /> befare the parti�l tal�ing, destnaction,ar l�ss in val�e.�1ny balance shall be paid tc�Borraw�r.
<br /> in�he ev�nt�f�partial taking,d�struction,or lass in valu�af th�Property in which th�fa�r ma�ke�
<br /> value of the Property�mmediately bef�re the pa�tiai tal�ing,destructi�n,ar lass in v�lue is I ss,th�r�th�
<br /> �nitials: �' � -�
<br /> NEBRASKA--Single Family--Fannie MaelFreddie NfaG UNIF�RM INSTRIiMEMT Farm 3a�8'�1��1
<br /> Ellie Mae,��,c. Page 7 of 11 NEEDEEa 03�5
<br /> NEEDEEa�GLS)
<br /> 10111�201�12:Ufi PM PST
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