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201704348
<br />pay the premi ms required to maintain Mortgage Insurance in effect, or to provide a non - refundable loss
<br />reserve, until ender's requirement for Mortgage Insurance ends in accordance with any written agreement
<br />between Borro er and Lender providing for such termination or until termination is required by Applicable
<br />Law. Nothing n this Section 10 affects Borrower's obligation to pay interest at the rate provided in the Note.
<br />Mortgage I surance reimburses Lender (or any entity that purchases the Note) for certain losses it may
<br />incur if Borrow r does not repay the Loan as agreed. Borrower is not a party to the Mortgage Insurance.
<br />Mortgage i surers evaluate their total risk on all such insurance in force from time to time, and may enter
<br />into agreement* with other parties that share or modify their risk, or reduce losses. These agreements are on
<br />terms and con • itions that are satisfactory to the mortgage insurer and the other party (or parties) to these
<br />agreements. Th se agreements may require the mortgage insurer to make payments using any source of funds
<br />that the mortg.:e insurer may have available (which may include funds obtained from Mortgage Insurance
<br />premiums).
<br />As a result
<br />other entity, or
<br />from (or might
<br />sharing or mo
<br />affiliate of Len
<br />insurer, the arra
<br />(a) Any suc
<br />Insurance, or
<br />owe for Mortg
<br />(b) Any su
<br />Mortgage Insu
<br />include the ri
<br />Insurance, to
<br />Mortgage Insu
<br />11. Assign
<br />to and shall be p
<br />If the Prope
<br />Property, if the
<br />such repair and
<br />Lender has had
<br />satisfaction, pro
<br />restoration in a
<br />agreement is m
<br />Lender shall not
<br />restoration or r
<br />Proceeds shall b
<br />excess, if any,
<br />Section 2.
<br />In the event of a total taking, destruction, or loss in value of the Property, the Miscellaneous Proceeds
<br />shall be applied o the sums secured by this Security Instrument, whether or not then due, with the excess, if
<br />any, paid to Borr•wer.
<br />In the event If a partial taking, destruction, or loss in value of the Property in which the fair market value
<br />of the Property mmediately before the partial taking, destruction, or loss in value is equal to or greater than
<br />the amount of th sums secured by this Security Instrument immediately before the partial taking, destruction,
<br />or loss in value, unless Borrower and Lender otherwise agree in writing, the sums secured by this Security
<br />Instrument shall .e reduced by the amount of the Miscellaneous Proceeds multiplied by the following fraction:
<br />(a) the total amount of the sums secured immediately before the partial taking, destruction, or loss in value
<br />divided by (b) t e fair market value of the Property immediately before the partial taking, destruction, or loss
<br />in value. Any ba ance shall be paid to Borrower.
<br />In the event f a partial taking, destruction, or loss in value of the Property in which the fair market value
<br />of the Property mediately before the partial taking, destruction, or loss in value is less than the amount of
<br />the sums secure immediately before the partial taking, destruction, or loss in value, unless Borrower and
<br />Lender otherwis agree in writing, the Miscellaneous Proceeds shall be applied to the sums secured by this
<br />NEBRASKA- Singl Family - Fannie Mae /Freddie Mac UNIFORM INSTRUMENT
<br />Form 3028 1/01
<br />Laser Forms Inc. (800) 46 -3555
<br />LFI #FNMA3028 -MERS 9/11 Page 8 of 13 1111tIa O
<br />f these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer, any
<br />any affiliate of any of the foregoing, may receive (directly or indirectly) amounts that derive
<br />e characterized as) a portion of Borrower's payments for Mortgage Insurance, in exchange for
<br />ifying the mortgage insurer's risk, or reducing losses. If such agreement provides that an
<br />er takes a share of the insurer's risk in exchange for a share of the premiums paid to the
<br />gement is often termed "captive reinsurance." Further:
<br />agreements will not affect the amounts that Borrower has agreed to pay for Mortgage
<br />ny other terms of the Loan. Such agreements will not increase the amount Borrower will
<br />ge Insurance, and they will not entitle Borrower to any refund.
<br />h agreements will not affect the rights Borrower has - if any - with respect to the
<br />ance under the Homeowners Protection Act of 1998 or any other law. These rights may
<br />ht to receive certain disclosures, to request and obtain cancellation of the Mortgage
<br />ave the Mortgage Insurance terminated automatically, and /or to receive a refund of any
<br />ance premiums that were unearned at the time of such cancellation or termination.
<br />ent of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby assigned
<br />id to Lender.
<br />ty is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of the
<br />restoration or repair is economically feasible and Lender's security is not lessened. During
<br />restoration period, Lender shall have the right to hold such Miscellaneous Proceeds until
<br />an opportunity to inspect such Property to ensure the work has been completed to Lender's
<br />ided that such inspection shall be undertaken promptly. Lender may pay for the repairs and
<br />ingle disbursement or in a series of progress payments as the work is completed. Unless an
<br />e in writing or Applicable Law requires interest to be paid on such Miscellaneous Proceeds,
<br />be required to pay Borrower any interest or earnings on such Miscellaneous Proceeds. If the
<br />pair is not economically feasible or Lender's security would be lessened, the Miscellaneous
<br />applied to the sums secured by this Security Instrument, whether or not then due, with the
<br />aid to Borrower. Such Miscellaneous Proceeds shall be applied in the order provided for in
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