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2� 17��278 �
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<br /> agreements may require the mortgage insurer to make payments using any svurce af funds that the mortgage insurer may
<br /> ha�e a�ailab�e�which may include funds abtained from Mortgage Insurance premiums}.
<br /> As a result of these agreements,Lender,any purchaser of the note,another insurer,any reinsurer,any other entity,or
<br /> affiliate of any of the foregoing,may recei�e�directly or ind�rectly}amounts that deri�e from�or might be characterized
<br /> as} a portian of Borrflwer's payments for Mottgage Insurance, in exchange for sharing ar madifying#he mortgage
<br /> insurer's risk,or reducing lasses.If such agreement pro�ided that an affiliat�of Lender takes a share of the insurer's risk
<br /> in exchange for a share af the premiums paid to the insurer,the arrangement is often terrned"capti�e reinsurance."
<br /> F ur#her: �
<br /> ta}Any su�h agreements will not affect the amounts that Borrower has agreed to pay for Mor#gage Insuran�e,
<br /> or any other terms of the Loan.Such agreements will not in�rease the arnount Borrawer wi�l owe for Mortgage
<br /> Insuran�e,and they will nat entitle Borrower to any refund.
<br /> �b}Any surh agreements will not affect the righ#s B�rrower has—if any—with respect to the Mortgage
<br /> � Ynsu rance under the Homeowners Protection A�#of 1998 ar any other law.These rights may in�Iude the right to
<br /> recei�e eertain disclosures,to reques�and obtain cancellat�on�f the Mortgage�nsuranCe,to ha�e the Martgage
<br /> Insurance terminated automatically,andlor to recei�e a refund of any Mortgage Insurance premiums that were
<br /> unearned a�the time of 5uch�an�ellation or termination.
<br /> 11.Assignmen#of Miscellaneous Proceeds;Forfeiture.All Miscellaneous Pr�ceeds are h�reby assigned to and
<br /> shall be paid to Lender.
<br /> If the Property is damaged,such Miscellaneous Praceeds shall be applied to restoration or repair of the Praperty,if
<br /> the restoratian or repair is e�anomically feasible and Lender's security is not lessened.During such repairand restaration
<br /> period,Lender shall ha�e the right to hold such Miscelianeous Proceeds until Lender has had an opportunity to inspect
<br /> such Property to ensur�the work has been completed ta Lender's satisfactian,pro�ided that such inspection shall be
<br /> undertaken pramptly.Lender may pay for the repairs and restoration in a single disbursement or in a series of progress
<br /> payments as the work is campleted.LJnl�ss an agreement is made in writing or Applicable Law requir�s int�rest ta be
<br /> paid on such Miscellaneaus Proceeds,Lender shall not be re�uired ta pay Borrower any interest or earnings on such
<br /> Miscellaneous Praceeds.If the restora�ian or repair is not economically feasible or Lender's security would be lessened,
<br /> the Misce�laneous Praceeds shal�be applied to the sums secured by this 5ecurity Instrument,whether or not then due,
<br /> with the excess, if any,pa�d to Borrower. Such Miscellaneaus Proceeds shall be applied in th�order pro�ided far in
<br /> Section 2.
<br /> In the e�ent of a total #aking, destructian, or lass in�alue of the Property, the Miscellaneous Proceeds shall be
<br /> app�ied to the sums secured by this Security Instrument, �vhether or not then due, with the excess, if any, paid to
<br /> Borrow�r.
<br /> In the e�ent of a partial taking,destruction,ar loss in Walue of the Prvperty in which the fair market�alue of the
<br /> Property immediately before the partia�taking,destruction,or loss in�alue is equa�to or greater than the amount of the
<br /> sums secured by this Security Instrument immediately before the partial taking, destruction, or lass in�alue, unless
<br /> Borrower and Lender otherwise agree in writing,the sums secured by this Security Instrument shall be reduced by the
<br /> amaunt of the Miscellaneous Praceeds multiplied by the faliawing fraction: �a}#he total amount of the sums secured
<br /> immediat�ly before the partial taking,destru�tion,or loss in�alue di�ided by�b}the fair market�a1ue of the Property
<br /> immediately before the partial takin�,destruction,or lass in�alue.Any balance shali be paid to Borrower.
<br /> In the e�ent vf a partial taking,destruction,or loss in Walue�f the Praperty in which the fair market�alue of the
<br /> Propet-ty immediately before the partial taking,destruction,or loss in�alue is less than the amvunt of the sums secured
<br /> �mm�diately befare#he partiai taking, destruction, or loss in�alue, unless Borrawer and Lender otherwise agree in
<br /> �vriting,the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument whether or notthe
<br /> sums are then du�. --
<br /> If the Property is abandoned by Barrower, or if,after natice by Lender to Barrower#hat the�ppasing Party�as
<br /> defined in�he next sentence}off�rs to make an.award to settle a claim for damages,Borrower fails to respond to Lender
<br /> within 3�days after th�date the nntice is gi�en,Lender is authoriz�d to collec�and apply the Miscellaneous Proceeds
<br /> either#o restoration or repair�f the Property flr to the.sums secured by this Security Instrument,whether or not then due.
<br /> "�ppasing Pai-ty"means the third party that owes Borrower 1Vliscellaneous Praceeds or the party against wham Borrower
<br /> has a right af acti�n in regard to Miscellaneaus Proceeds.
<br /> NEBRASKR-Sing�e Family-Fannie MaelFreddie Nlac UNIF�RM INSTRLJMENT with MERS Form 3�28 1J��
<br /> Page 8 of 13
<br /> f�5�nc.-3ozz7 ' gorrower�s�Initials�
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