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<br /> �oAn�#: �s���77��z
<br /> alfiernate mo�tgage insursr selected by Lender.I#substantially�quivalent Mortgage lnsurance cflv��age is
<br /> not availabl�,�arrnw��shall c�ntinue tv pay ta L�nder the amount af th�separ�teiy desi�nated payments
<br /> �ha�were due when the insu�ance cv�erage c�ased to be in e�fect. L�nder wiil ac�ept, use and r�tain
<br /> these payments as a non-r�fundable�oss r�s�r�e in f�eu�f Mor�gage Insurance.5u�h ios�reserve shall
<br /> b� n�n-refundable, n��rithstanding�he fact that th� Loan is ul�imately paid in�ull, and Lender shal� not
<br /> be required ta pa�Borravver any int�rest or earn�ngs on such Ioss�eserve,Lender can no�onger require
<br /> �ass �eserve payments if M�rtgage Insurance co�era�e �in the am�un�and �or th� perivd tha� Lender
<br /> requi�-�s} provided by an in�ur�r�el�cted by�ender aga�n becvmes a�ailabie, is a�tained, and Lender
<br /> require�separat�iy desi�nated payments taward the premiums tor Mortg����nsurance.If Lender requ�red
<br /> Ma�tgage Insuran�e a� a c�n�i�ion �f making the Lvan and Borro�rver was required �a make se�arate�y
<br /> d�si�nated paym�n�s toward the premiums for�lortgage lnsurance, Borrawer shal� pay the premiums
<br /> requir�d to maintain Mar#gag� Insurance in effect, ❑r to pro�ide a nvn-re�undable loss reser�e, until
<br /> L�nder's �equirem�n�for Mvr�gage Insuranc�ends in a�cvrdance with any written ag�eement�e�►rv�en
<br /> Borrower and Len��r providing f�r such te�mina#i�n ar until �ermination is required b�Appl�cab[e Law.
<br /> No�hin� in this S�c�ion ��affects Borrowe�'s obligativn�o pay inte��s�at the ra�e pro�ided in�he Note.
<br /> Mo�tgage lnsurance reimburses Lender tor any entity that purchases the N�te}fvr�ertain Iosses�t may
<br /> incur if Borr�w�r dves not repay the Lvan as agr�ed. Borrow�r�s na�a party to�he Mottgag��nsurance.
<br /> Mortgage �nsurers evaluate their total risk on all s�ch insurance in farce from �ime �v #ime, and
<br /> may�nter in�v agreem�nts v►rith Qther pat�ies tha�share ar mad�fy�h�ir�i�k, or red��e lasses. These
<br /> agr��ments are on te�ms and cand�tions �hat ar� satisfa�tar}� �v th� martgag� insurer and the ath�r
<br /> party �vr �ar#ies}to these agreements. These ag�eements may require the mflrtgage insure�to make
<br /> paymen�s using any source of fiunds that th�mort�a��insurer may h���a�ail�b�e�v�rhich may�nc�ude
<br /> funds obtained from �Ilortg�g� �n�uranee premiums}.
<br /> A�a r�sul�o�these agr�emen�s, Lender, any purchaser of th�nat�,another insur�r,any r�insurer,
<br /> any other entity, or affliate ❑f any of the �aregoing, may receive �directly or ind�r��tly} amvunts th�at
<br /> deriv�f�or� �ar might be charact�rized as� a port�on o€Borrower's payments far Mor��age Insuranc�,
<br /> in exchang�for sharing or madifyin�#he m�rtgag��nsurer's risk, or�educing Ivsses. If su�h ag��em�nt
<br /> provided �hat an affiiiate v� Lender tak�s a share o#�he �nsurer's risk in �xchan�e f�r � shar� of�h�
<br /> premiums pa�d ta the insurer, the arrangem�nt is often term�d"captiv�reinsuranc�," Fur�her:
<br /> �a� Any such agr�emen�s will not affec� the amflunts that Borro►nrer has agreed to pay far
<br /> Martgage Insurance,or any�thert�rms�f the L.oan.�uch a�reements w�ll nat�n�rease the amaunt
<br /> Barrovver►�►ill a�e for�11�artga��Insurar�ce, and they v�iil not entit�e B�rr�wer tv any r�fun�l.
<br /> �b� 14ny such agreeme�ts vuElt not aff�ct th+e r�ghts Bvrro�rr�er has - if any - vuith r�spect to
<br /> the Mor#gage �nsurance under�h�Hom�ovvn�rs Prvtection Ac�af 1998 ar any oth�r�aw. These
<br /> righ�s may include the right to recei�e certain disclasures, �o request and obtain cancetiat�an
<br /> of th�Mortgage Insurance�ta haWe the�vrtga�e Insurance terrninated automat�cally, andlar to
<br /> r�ce��� a refund af any Mortgage �nsurance prem�ums that were unearned at�he time of su�h
<br /> cancellatian ar terminat�an.
<br /> 1�. Assig�ment of Il��sce�laneouS Proceeds; Forfeiture.All Miscellaneaus Proceeds a�e hereby
<br /> assigned ta and shal! be paid�o Lender.
<br /> If the Property i�damaged,such M�sce�laneous Proce�ds�hall b�appiied�a�es�ora�ivn ar r�pair of
<br /> the Pr�pe�ky, if the restvrat�on ar repair is�canom�cally�easible and Lender's secur�ty�s no�lessened.
<br /> During such repair and restoratian period, Lende� shall hav� th� ri�ht to h�ld such �lliscel�aneous
<br /> Pro�eeds until Lende�- has had an appvrtunity ta inspec� such Prop�r�y to ensure the work has been
<br /> �omple�ed to Lender'�satisf�ct�Qn, pr��rided that such inspectivn shal�be undertaken p�omptiy. Lender
<br /> may pay#ar the repa�rs and rest�ra�i�n in a singie di�bur�ement or in a ser�es Qf prflgress paymen�s
<br /> a�t�e work is�amp�eted. Unless an agr�ement is mad� in writir�g ar Applicable Law requires inte�es�
<br /> to be paid�n su�h I�iscellaneous Proceeds, Lender sha�l not�e required to pay B�rraw��an�in�erest
<br /> o��arnings on such Misc�llaneous P�aceeds. �f the restvration or repair is nat ecvnomica�ly feasible ar
<br /> Lender's s�curity v►rou��b�lessened,the Misce�laneous Proceeds shall be applied ta���sums secured
<br /> by this Securi�y lns�rument, whe�her ar n��then du�, wi�h �he excess, if any, paid �o Borrawer. Such
<br /> Miscellaneous Pr�ceeds shall be applied in the order pro��ded far in 5��tion 2.
<br /> ln the e��nt o�'a tv�aE taking,destruct�on,or�ass�n�alue ot�he Property,the Miscellaneous Proceeds
<br /> sha�l �e applied t� the sums secured �y th�s Securi�y ins�rument, wh�tner or not then due, with �he
<br /> excess, if any, paid ta Borrower.
<br /> �n�he e�ent of a pa�tia�taking, destruction, or�c�ss in�alue o��he F�roper��in vuhich th�fa�r market
<br /> �a�ue ��the Proper�y immediately �efo�� the partia� taking, destructian, or Ioss in �alue is equal ta ar
<br /> great�r�han the am�unt of the sum�s�cured by this S��urity instrum�nt imm�diat�l�befare the par��af
<br /> taking, dest�u�tion, or ioss in �alue, unless Borrower ar�d Lender o�henrvise agree in v�ri#ing, the sums
<br /> s�cured by this 5ecurity Ins�rurr�ent shali b� re�uced by the amaunt �f the Misceilan�ous Proceeds
<br /> mul�ip�ied by the �al�ow�n� fractinn: �a} the t��al amoun� �f th� sums s��ured immediat��y b�far� the
<br /> partial tak�ng,destruc�ion,ar ioss in�alue divided by tb}the�air marke�value of the Prop�r�y imm�dia��ly
<br /> be��re the �artial�akin�, d�st�uct�on, or lvss in�alue.Any balance shal� be pa�d t�Barrowe�.
<br /> ln the e�ent af a partiai taking, destructian, ar iass in value o��h� Property in which the fair m �
<br /> va�ue of the Prvperty immedia#e�y bef�re fihe partiai taking,destruc�ion, or�oss in value�s�ess t
<br /> I n i�i a l : .___..� __.�_ .._
<br /> NEBRASKA--Single Family--Fannie MaelFreddie Allac tlNIF4RM INSTRUMENT Fo�m 3�25 11��
<br /> EII���Vlae,�nc. Page 7 af�1 NEE�EED 03�5
<br /> • NEEaEED�CLS)
<br /> 1�11512D15 0?:33 AM PST
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