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2� 1 ��722�
<br /> Mor�gage Insurers e�aluate their to�al ris�C�n a�l such insurance�n force fr�m�ime to tim�, and may
<br /> enter in�o agreements vvith other parties that share or m�d�fy their rrsk,or reduce losses.These agreemen�s are�n
<br /> �erms and conditians �1ia� are satisfactory to the m�rtgage �nsurer and the other party �or pa.rties� �o these
<br /> agreements. These agreemen�s may require�he mor�gage insurer to mal�e payments using any source of funds
<br /> that the mortgage insurer may ha�e a�ailai�le twhich may include funds ob�ained from Martgage Insurance
<br /> prem�ums}.
<br /> As a re�ult af these agreements,Lender,any purchaser of�he note,anather insurer,any reinsur�r,any
<br /> �ther ent�ty,or affliate of a.ny ofthe foregoing,ma.y recei�e�dire�tly or indirectly�amaunts that derive from�or
<br /> might�e characterized as}a partion of B�rrower's payments for Mor�gage Insurance,in exchange for sharing or
<br /> modYfying the mor��age insurer's risk,or reducing losses. rf such agreement pro��ded�hat an affilia�e of Lender
<br /> �akes a share of the insurer's r�sk in exchange for a share of the premiums pa�d to�he insurer,the a.rrangement is
<br /> of�en termed"capti�e reinsurance."Fur�her:
<br /> (a�Any such agreements will not affe�t the amounts that Bvrrow�r has agreed to pay fvr Mortgage
<br /> Insurance,ar any other terms of the Loan. Such agreements wil�not increase the amount Barrawer will
<br /> owe for Mortgage Insuranc�,and they wiil not entitle Borrower to any refund.
<br /> (b� Any such agreement�w�i� not affect the right5 Borrower ha�--if any—with re�pect t�the
<br /> Martgage InSurance under the Homeowners Protection Act of 1998 or any other�aw.Thes�rights may
<br /> inc�ude the right to receive certain disclosures, to request and ❑btain cancel�atian of the Martgage
<br /> InSurance,ta ha►ve the Mortgage Insurance terminated automatica�ly,andlar to recei�e a refund af any
<br /> Mortgage InsurancQ premiums that were unearned at the time of such cancel�at�on or term�nation.
<br /> 11. Assignment af Miscellaneous Praceeds; Forfeitur�. A�1 Miscellaneous Proceeds are hereby
<br /> ass�gned to and sha11 be paid to Lender.
<br /> If the Proper�y is damaged,such M�scellane�us Proceeds sha11 be applied to restoration�r repair of the
<br /> Froperty,if the restoratian or repair is econamically feasible and Lender's security rs not lessened.During such
<br /> repa�r and restoration period,Lender shal�ha�e the right ta ho�d such Miscellaneous Proceeds until Lender has
<br /> had an�pportunity ta �nspect such Property to ensure the work has been completed t�Lender's satisfact�an,
<br /> pro�ided that su�h inspection shal�be undertaken prornp�ly. Lender may pay for�he repairs and restoration in a
<br /> single d�sbursement�r in a series af progress payments as the work is Completed. Un�ess an agreement is made�n
<br /> wri��ng ar Applicable Law requires interest to be paid on such Misce�laneous Proceeds, Lender shall n�t be
<br /> r�quired to pay Borrower any interest or earnings on such Miscel�aneaus Fraceeds. If the restoratian or repair is
<br /> n�t econ�m�cally feasible or Lender's security would he lessened,the Misce�laneous Proceeds sha11 be applied to
<br /> �he sums secured�y this Security Insf�urient,whether or no�then due,with the excess,if any,paid ta Barrawer.
<br /> Such MisceXlaneous Proceeds sha11 be applied�n the order provided for in Section 2.
<br /> In the e�ent of a to�al�aking,des�ruction,or Ioss in�a1ue af the Property,the M�s�ellaneous Proceeds
<br /> sha11 be app��ed ta the sunzs secured�y this Se�urity Ins�rument,whe�her or not then due,with the excess,if any,
<br /> paid to Borr�wer.
<br /> In tlie e�ent of a par�ial tak�ng,destruction,or loss�n value of the Property in which�he fair market�a1ue
<br /> of the Property immediately bef�re the pa.r�ial taking,de�truc�ion,or loss in value�s equal to or greater than the
<br /> am�unt�f the sums secured by this Security Instrumen�immedia�eiy befare the partia�taking,destruc�ion,flr lass
<br /> in�alue,unless Borrower and Lender�therwise agree in�riting,the sums secured by�his Security Instrument
<br /> shall be reduced by the amount of the Miscellaneous Proceeds mult�p�ied by�he follawing fract�on:�a}the�o�al
<br /> am�unt of the sum�secured immediately before�he par�ial ta�ing,destruction,or�oss in�a1ue di�ided by�b�the
<br /> fair market�alue of�he Property immediate�y before the partial tak�ng�C��S�Il.C�1�Ila or loss�n value. Any balance
<br /> shall be paid to B�rrower.
<br /> In the e�ent of a partial taking,destructian,or loss�n�a�ue�f the Prflperty�n which the fair market�a�ue
<br /> of the Property irnmediate�y before the part�al taking,destruction,or�oss in�alue�s less�han the amount of the
<br /> sums secured immed�a�ely before the part�a�tak�ng,destruc�ron,or loss in value,uniess Borrov�er and Lender
<br /> otherwise agree �n writing,the Miscellaneous Proceeds sha1l be applied to the sums secured by this Security
<br /> Ins�rumen�whether or n��the sums are then due.
<br /> If the Pr�per�y�s abandoned by Borrov�er,or if,after n�tice�y Lender to Borrower that the�pposing
<br /> Fa.r�y�as defined in the ne�t sentence}offers to mal�e an award t�settle a cla�rn for damages,Borrower far�s�o
<br /> respond to Lender within 3�days after the da�e�he notice is given,Lender is autharized to collect and apply the
<br /> M�sce�laneous Proceeds either to restorat�an or repa�r of the Pr�perty or to the sums secured by this Security
<br /> Instrument,v�hether or not then due."�pposing Party"means�he third party that owes Borrower Misce�laneaus
<br /> Proceeds or the pa.rty against whom Borrower has a right of action in regard to M�sce�laneous Proceeds.
<br /> Borrower sha�l be in default if any acti�n or proceedang, whe�.ier ci�il or cr�rninal, is begun that, in
<br /> Lender's judgment,could result�n forfeiture of the Property or other ma�erial�mpaiumen�flf Lender's interest in
<br /> the Praperty�r righ�s under this Security Instrum�nt. Bflrrower can cure such a defau�t and,if accelerati�n has
<br /> occurr�d,reins�a�e as provided�n Section�9,by causing the action or proceeding to be disrrussed w�th a ruling
<br /> that,in Lender's�udgment,precludes forfeiture�f�he Property or other material impairmen�of Lender's interest
<br /> in the Property or rights under�his Secur�ty Instrument. The proceeds of any avvard or cla�m for damages tha�are
<br /> attr�butable to�he impairment of Lender's in�erest in the Froperty are hereby assigned and shall be paid�o Lender.
<br /> A11 Miscellaneous Proceeds that are no�applied��restoration or repair of the Proper�y sha�l be applied in
<br /> the order provided for in Section 2,
<br /> 1Z. Borrower Nat Rei�ased; Forbearance By Lender Not a Wai�er. Extens�on of the time for
<br /> payment or madification of amar�ization of the sums secured by this Security�nstrument granted by Lender�o
<br /> Borro�er ar any Successor in In�erest of Borrovver shali n�t operate t�re�ease the liability of Borrower or any
<br /> Success�rs�n Interest�f Borrovver. Lender sha�l not be requ�red to commence proceedings against any Successor
<br /> in Inter�st of Borrower ar to refuse to extend time for p�,yment or�therv�ise modify amortizat�on of the sums
<br /> secured by this Security Instrumen�by reason of any demand made by the original Borrower ar any Successors in
<br /> In�erest�f Borrower. Any forbearance by Lender�n exercising any right or remedy�ncXuding,with�ut 1imi.tati�n,
<br /> Lender's acceptance of payments from third persons, en�i�ies or SuccessQrs in Interest of Borrower or in
<br /> amoun�s less than the amount then due,shall not be a wai�er af or preclude the exerc�se of any right or remedy.
<br /> 13. Jo�nt and Sev�ral Liabxlity;Co-sxgners;Success�r5 and Assigns Bound. Borrower co�enants
<br /> and agrees that Borrower's�b�igations and�iability shall be�o�nt and se�eral. However,any B�rr�wer who co-
<br /> signs this Security Instrument hut does n�t execute the Note �a "co-signer"�: �a} is ca-s�gning th�s Security
<br /> Instru.ment on�y to mor�gage, grant and con�ey the ca-s�gner's interest in the Property under�he terms of this
<br /> Security Instrument;�b�is not persona�ly obli�ated�o pay the sums secured by this Securi�y Instrument;and�c}
<br /> agrees�hat Lender and any ather Borrvwer can agree to extend,modify,forbear or make any a���mmadations
<br /> wi�h regard to�he�erms of�his Security Ins�rumen�or the Note without the co-signer's consent.
<br /> NEBRASKA�-Singie Famiiy--Fannie MaelFreddie Mac LTNIF�RM INST1tUMENT�MERS} Form 3028 II�I (page 6 of 9 pages)
<br /> 12439.CV�5113} 2016�I8o6NE Creati�e Thinking,Inc.
<br /> GOTo�aa�oo���
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