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<br /> Lender pro�rding for such�erminatian or until termina�ion is required by Applicable Law. Nothing in this 5ection
<br /> �� affects Borrower's abiigation to pay interest at the rate provided in the Nate.
<br /> Mortgage Insurance reimburses Lender�oz any entity tha�purchases the Nvte� far certain Iosses it may incur �
<br /> if Borrower does not repay the Laan as agreed. Borrower is not a party ta�he Mortgage Insurance.
<br /> Mortgage in�urers e�aluate their total risk an all such insurance in force firom time to time, and may enter rnto
<br /> agreements with other par�ies that share or m�dify their risk, vr redu�e losses. These agreements are on terms and
<br /> conditions that are satisfactory to the mortgage insurer and the other party�ar parties}to th�se agreements. These
<br /> agreernents may require the martgage insurer to make payments using any source of funds that th�mortgage insurer
<br /> may have available�which may�nclude funds obtained from Mortgage Insurance premiums}.
<br /> As a result of these agreemen�s, Lender, any purchaser�f the Note, another insurer, any reinsurer, any other
<br /> entity, or any affiliate❑f any af the faregoing, may receive�directly or indirectly}amounts that der�ve from�vr might
<br /> be characterized as}a portion of Borrower's payments for Mortgage Insurance,in exchange far sharing or madifying
<br /> the mortgage insurer's risk, or reducing losses. If such agre�ment pro�ides that an affiliate of Lender takes a share
<br /> of�he insurer's risk in exchange for a share af the premiums paid ta the insurer, the arrangement is aften termed
<br /> "captive reinsurance." Furthe�:
<br /> �a} Any 5u�h agreements wili not affec� the amounts that Borrower has agreed to pay for Mortgage
<br /> Insurance, or any vther terms of the Loan. Such agreements will not increase the amount Borrower will awe
<br /> for Mortgage Insurance, an�they will not entitie Borrower to any refund.
<br /> �b} Any such agreements will not affect the r�ghts Borrower has -if any-with respect to the Mortgage
<br /> Insurance under the Homeowners Protection Act of 1998 or any ather law. These rights may include the r�ght
<br /> to re�ei�e certain disclasures, to request and ol�tain can�ellation of the Mortgage Insurance, to ha�e the
<br /> Martgage In�uranCe terminated automatically, andlor to recei�e a refund of any Mortgage Insurance premiums
<br /> that were unearned at the time�f such cancellat�on or termination.
<br /> 11. Assignment of Mis�el�aneous Proceeds;Forfeiture. A11 Miscel�aneous Praceeds ar�herehy assigned to
<br /> and shall be paid to Lender.
<br /> If the Property is damaged,such Miscellaneous Proceeds sha�I be applied�o res�oration or repair of the Property,
<br /> if�he restoration or repair is economically feasible and Lender's security is not lessened. During such repair and
<br /> restora�ion period, Lender shall have the rrgh� to hold such Misce�laneous Praceeds until Lender has had an
<br /> oppor�unity�o inspect such Pr�perty ta ensure the wark has b�en completed to Lender`s satisfac�ion, pro�ided that
<br /> such inspection shall be undertaken promptly. Lender may pay for the repairs and restorat�on in a singie disbursement
<br /> or in a series of progress payments as the wark'rs campleted. LJnless an agreement is made in writing or Applicable
<br /> Law requires interest to be paid on such Miscellaneous Pro�eeds, Lender sha11 not be required to pay Borrower any
<br /> interest or earnings an such Misce�laneous Proc�eds. If the restaration or repair �s not economically feasibie oz
<br /> Lender's security would be lessened,the Mxscellaneous Proceeds shall be app�ied to the sums secured by this Security
<br /> Instrument, whether ar not then due, with the excess, if any, paid to Borrower, Such Miscellaneous Proceeds shall
<br /> be applied in�he order provided for in Section 2.
<br /> In the event of a�otal taking, destruction, or loss in value of the Property, the Miscellaneous Proceeds shall be
<br /> applied to the sums secured by this Security Instrument, whether or not then due, wi�h the excess, if any, paid to
<br /> Barrower.
<br /> In the event❑f a partial taking, destructian, or loss in value of the Property in whzch�he fair market value of
<br /> the Property immediately before the partial taking, destruction, or loss rn�alue is equal to or greater than th�arnount
<br /> of the sums secu�red by�his Security Instrument immediately befare�he par�ial taking, destruction, or loss in value,
<br /> unless Borrawer and Lender othezwise agree in writrng, �he sums secured by this Security�nstrument shall be reduced
<br /> by the amaunt of the Miscellaneous Proceeds multiplied by the following fractifln: �a�the total amount of the surns
<br /> secured immediately before the partial taking, destruction, or loss in�a1ue di�ided by�h�the fa�r market�alue of the
<br /> Property immedia��ly before the partial taking, destruc�ion, or Ioss in�a�ue. Any balance shall be paid to Borravver,
<br /> In the e�ent of a partia�taking, destruction, or �oss in value of the Property in which the fair market value of
<br /> the Property itnmediate�y before the part�al taking, destruction, or loss in�alue is less than the amount af the sums
<br /> secured�mmediately befare the partial tak�ng, des�ruct'ron, or loss in�alue, un�ess Borrovver and Lender otherwise
<br /> NE6RASKA-�Sing�e Family--Fanni� IVIaelFreddie Mac UNIF�RM INSTRUMENT D�cll���lc
<br /> Farm 3�28 110� Page 8 of �4 www.da�magic.�nm
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