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202208315
<br />As a result of these agreements, Lender, another insurer, any reinsurer, any other entity, or any
<br />affiliate of any of the foregoing, may receive (directly or indirectly) amounts that derive from (or might be
<br />characterized as) a portion of Borrower's payments for Mortgage Insurance, in exchange for sharing or
<br />modifying the mortgage insurer's risk, or reducing losses. Any such agreements will not: (i) affect the
<br />amounts that Borrower has agreed to pay for Mortgage Insurance, or any other terms of the Loan; (ii)
<br />increase the amount Borrower will owe for Mortgage Insurance; (iii) entitle Borrower to any refund; or (iv)
<br />affect the rights Borrower has, if any, with respect to the Mortgage Insurance under the Homeowners
<br />Protection Act of 1998 (12 U.S.C. § 4901 et seq.), as it may be amended from time to time, or any
<br />additional or successor federal legislation or regulation that governs the same subject matter ("HPA").
<br />These rights under the HPA may include the right to receive certain disclosures, to request and obtain
<br />cancellation of the Mortgage Insurance, to have the Mortgage Insurance terminated automatically, and/or
<br />to receive a refund of any Mortgage Insurance premiums that were unearned at the time of such
<br />cancellation or termination.
<br />12. Assignment and Application of Miscellaneous Proceeds; Forfeiture.
<br />(a) Assignment of Miscellaneous Proceeds. Borrower is unconditionally assigning the right to
<br />receive all Miscellaneous Proceeds to Lender and agrees that such amounts will be paid to Lender.
<br />(b) Application of Miscellaneous Proceeds upon Damage to Property. If the Property is
<br />damaged, any Miscellaneous Proceeds will be applied to restoration or repair of the Property, if Lender
<br />deems the restoration or repair to be economically feasible and Lender's security will not be lessened by
<br />such restoration or repair. During such repair and restoration period, Lender will have the right to hold
<br />such Miscellaneous Proceeds until Lender has had an opportunity to inspect the Property to ensure the
<br />work has been completed to Lender's satisfaction (which may include satisfying Lender's minimum
<br />eligibility requirements for persons repairing the Property, including, but not limited to, licensing, bond,
<br />and insurance requirements) provided that such inspection must be undertaken promptly. Lender may
<br />pay for the repairs and restoration in a single disbursement or in a series of progress payments as the
<br />work is completed, depending on the size of the repair or restoration, the terms of the repair agreement,
<br />and whether Borrower is in Default on the Loan. Lender may make such disbursements directly to
<br />Borrower, to the person repairing or restoring the Property, or payable jointly to both. Unless Lender and
<br />Borrower agree in writing or Applicable Law requires interest to be paid on such Miscellaneous Proceeds,
<br />Lender will not be required to pay Borrower any interest or earnings on such Miscellaneous Proceeds. If
<br />Lender deems the restoration or repair not to be economically feasible or Lender's security would be
<br />lessened by such restoration or repair, the Miscellaneous Proceeds will be applied to the sums secured
<br />by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such
<br />Miscellaneous Proceeds will be applied in the order that Partial Payments are applied in Section 2(b).
<br />(c) Application of Miscellaneous Proceeds upon Condemnation, Destruction, or Loss in
<br />Value of the Property. In the event of a total taking, destruction, or loss in value of the Property, all of
<br />the Miscellaneous Proceeds will be applied to the sums secured by this Security Instrument, whether or
<br />not then due, with the excess, if any, paid to Borrower.
<br />In the event of a partial taking, destruction, or loss in value of the Property (each, a "Partial
<br />Devaluation") where the fair market value of the Property immediately before the Partial Devaluation is
<br />equal to or greater than the amount of the sums secured by this Security Instrument immediately before
<br />the Partial Devaluation, a percentage of the Miscellaneous Proceeds will be applied to the sums secured
<br />by this Security Instrument unless Borrower and Lender otherwise agree in writing. The amount of the
<br />Miscellaneous Proceeds that will be so applied is determined by multiplying the total amount of the
<br />Miscellaneous Proceeds by a percentage calculated by taking (i) the total amount of the sums secured
<br />immediately before the Partial Devaluation, and dividing it by (ii) the fair market value of the Property
<br />immediately before the Partial Devaluation. Any balance of the Miscellaneous Proceeds will be paid to
<br />Borrower.
<br />111 III 1111111111
<br />* 1 3 0 5 8 3*
<br />NEBRASKA --Single Fan -fly -Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />Mortgage Cadence Document Center 8 3027 09/21
<br />111111 1111 IIN
<br />OR T DO T*
<br />Form 3028 07/202
<br />Page 11 of 18
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