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Lender providing for such termination or until termination is required by Applicable Law. N
<br />10 affects Borrower' s obligation to pay interest at the rate provided in the Note.
<br />Mortgage Insurance reimburses Lender (or any entity that purchases the Note) for certa
<br />if Borrower does not repay the Loan as agreed. Borrower is not a party to the Mortgage Ins
<br />Mortgage insurers evaluate their total risk on all such insurance in force from time to ti
<br />agreements with other parties that share or modify their risk, or reduce losses. These agreem
<br />conditions that are satisfactory to the mortgage insurer and the other party (or parties) to the
<br />agreements may require the mortgage insurer to make payments using any source of funds that
<br />may have available (which may include funds obtained from Mortgage Insurance premiums).
<br />As a result of these agreements, Lender, any purchaser of the Note, another insurer, an
<br />entity, or any affiliate of any of the foregoing, may receive (directly or indirectly) amounts that
<br />be characterized as) a portion of Borrower' s payments for Mortgage Insurance, in exchange for
<br />the mortgage insurer's risk, or reducing losses. If such agreement provides that an affiliate o
<br />of the insurer' s risk in exchange for a share of the premiums paid to the insurer, the arrang
<br />"captive reinsurance." Further:
<br />(a) Any such agreements will not affect the amounts that Borrower has agreed t
<br />Insurance, or any other terms of the Loan. Such agreements will not increase the amoun
<br />for Mortgage Insurance, and they will not entitle Borrower to any refund.
<br />(b) Any such agreements will not affect the rights Borrower has - if any - with res
<br />Insurance under the Homeowners Protection Act of 1998 or any other law. These rights
<br />to receive certain disclosures, to request and obtain cancellation of the Mortgage Ins
<br />Mortgage Insurance terminated automatically, and /or to receive a refund of any Mortgage
<br />that were unearned at the time of such cancellation or termination.
<br />11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds
<br />and shall be paid to Lender.
<br />If the Property is damaged, such Miscellaneous Proceeds shall be applied to restoration or r
<br />if the restoration or repair is economically feasible and Lender' s security is not lessened. D
<br />restoration period, Lender shall have the right to hold such Miscellaneous Proceeds unti
<br />opportunity to inspect such Property to ensure the work has been completed to Lender' s satis
<br />such inspection shall be undertaken promptly. Lender may pay for the repairs and restoration in
<br />or in a series of progress payments as the work is completed. Unless an agreement is made in
<br />Law requires interest to be paid on such Miscellaneous Proceeds, Lender shall not be required
<br />interest or earnings on such Miscellaneous Proceeds. If the restoration or repair is not eco
<br />Lender' s security would be lessened, the Miscellaneous Proceeds shall be applied to the sums se
<br />Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such Miscell
<br />be applied in the order provided for in Section 2.
<br />In the event of a total taking, destruction, or loss in value of the Property, the Miscellane
<br />applied to the sums secured by this Security Instrument, whether or not then due, with the e
<br />Borrower.
<br />In the event of a partial taking, destruction, or loss in value of the Property in which the
<br />the Property immediately before the partial taking, destruction, or loss in value is equal to or gr
<br />of the sums secured by this Security Instrument immediately before the partial taking, destruct
<br />unless Borrower and Lender otherwise agree in writing, the sums secured by this Security Instru
<br />by the amount of the Miscellaneous Proceeds multiplied by the following fraction: (a) the tota
<br />secured immediately before the partial taking, destruction, or loss in value divided by (b) the fa'
<br />Property immediately before the partial taking, destruction, or loss in value. Any balance shall
<br />In the event of a partial taking, destruction, or loss in value of the Property in which the
<br />the Property immediately before the partial taking, destruction, or loss in value is less than th
<br />secured immediately before the partial taking, destruction, or loss in value, unless Borrower
<br />NEBRASKA -- Single Family -- Fannie Mae /Freddie Mac UNIFORM INSTRUMENT
<br />Fomi 3028 1/01 Page 8 of 14
<br />201703445
<br />thing in this Section
<br />n losses it may incur
<br />ance.
<br />e, and may enter into
<br />nts are on terms and
<br />e agreements. These
<br />the mortgage insurer
<br />reinsurer, any other
<br />erive from (or might
<br />sharing or modifying
<br />Lender takes a share
<br />ment is often termed
<br />pay for Mortgage
<br />Borrower will owe
<br />ect to the Mortgage
<br />ay include the right
<br />rance, to have the
<br />nsurance premiums
<br />e hereby assigned to
<br />pair of the Property,
<br />ing such repair and
<br />Lender has had an
<br />action, provided that
<br />single disbursement
<br />riting or Applicable
<br />to pay Borrower any
<br />omically feasible or
<br />ured by this Security
<br />neous Proceeds shall
<br />us Proceeds shall be
<br />cess, if any, paid to
<br />fair market value of
<br />ater than the amount
<br />on, or loss in value,
<br />ent shall be reduced
<br />amount of the sums
<br />market value of the
<br />e paid to Borrower.
<br />fair market value of
<br />amount of the sums
<br />d Lender otherwise
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