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200304644
<br />Mort gage Insurers evaluate their total risk on all such insurance in force from time to time, and may enter into
<br />agreements with other patties that share or modify their risk, or reduce losses. These agreements are on semis andconditions
<br />that are satisfactory to the mortgage insurer and the other party (or parties) to these agreements. These agreements may
<br />require the mortgage insurer to make payments using any source of funds that the mortgage insurer may have available
<br />(which may include funds obtained from Mortgage Insurance premiums).
<br />Asa result ofthese agreements, Lender, any urchaser ofthe note, another insurer, myremsureq any other entity,
<br />or
<br />foregoing, may receive (directly or indirectly) amounts that derive from (or might be characterized
<br />er's pa ents for Mortgagge Insurance, in exchange for sharing or modifying the mortgage insurer's
<br />If such agreement provided that an affiliate of Under takes a share ofthe insurer's risk mexchange
<br />was paid to the insurer, the arrangement is often termed "captive reinsurance. Further:
<br />agreements will not affect the amounts that Borrower has agreed to pay for Mortgage
<br />er terms of the Loan. Such agreements will not increase the amount Borrower will owe for
<br />and they will not entitle Borrower to any refund.
<br />i agreements will not affect the rights Borrower has - if any - with respect to the Mortgage
<br />Insurance under the Homeowners Protection Act of 1998 or any other law. These rights may include the right to
<br />receive certain disclosures, to re
<br />Insurance terminated automath
<br />unearned at the time of such car
<br />11. Assignment of Misr
<br />shall be paid to lender.
<br />Ifthe Property is damager
<br />the restoration or repair Is econom
<br />period, Lender shall have the right I
<br />Property to ensure the work has be,
<br />promptly. Lender maypayforther
<br />work is completed. Unless an aj
<br />Miscellaneous Proceeds, Lender s
<br />Proceeds. Ifthe restoration or repa
<br />Proceeds shall be applied to the sn
<br />paid to Borrower. Such Miscellan
<br />In the event of a total tak
<br />applied to the sums secured by this
<br />In the event of a partial to
<br />e, to have the Mortgage
<br />nee premiums that were
<br />All Miscellaneous Proceeds are herebywsignedto and
<br />i Miscellaneous Proceeds shall be applied to restoration
<br />feasible and Lenders security is not lessened During s
<br />to be paid on such
<br />not be required to pay Borrower any Interest or earnings on such Miscellaneous
<br />not economically feasible or Lender's security would be lessened, the Miscellaneous
<br />ecured by this Security Instrument, whether or not then due, with the excess, ifany,
<br />Proceeds shall be applied in the order provided for in Section 2.
<br />destruction, or loss in value ofthe Property, the Miscellaneous Proceeds shall be
<br />urity Instrument, whether or not then due, with the excess, ifany, paid to Borrower.
<br />;, destruction, or loss in value ofthe Property in which the fair market value ofthe
<br />taking, destruction, or loss in value is equal to or greater than the amount ofthe sums
<br />ie flidely before the partial taking, destruction, or loss in value, unless Borrower act
<br />sums secured by this Security Instrument shall be reduced by the amount ofthe
<br />he following fraction: (a) thermal amount ofthe sums secured immediatelybefone the
<br />taking, destruction, or loss in value. Any balance shall be paid to Borrower.
<br />In the event of partial taking, destruction, or loss in value of the Property in which the fair market value of the
<br />Property immediately before the Partial taking, destruction, or loss in value is less than the amount of the sums secured
<br />immediately before the partial taking, destruction, or loss in value, unless Borrower and lender otherwise agree in writing,
<br />the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument whether or not the sums are then
<br />due.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the Opposing Party (as
<br />defined in the next sentence) offers to make an award to settle a claim for darrhZi, Borrower fails to respond to Lender
<br />within 30 days after the date the nonce is given, Lender is authorized to collect and apply the Miscellaneous Proceeds either
<br />to restoration or repair ofthe Property or to the sums secured by this Security Instrument, whether or not then due.
<br />"Opposing Party" means the third party that owes Borrower Miscellaneous Proceeds or the party against whom Borrower
<br />has a right of action in regard to Miscellaneous Proceeds.
<br />Borrower shall be in default if any action or proceeding, whether civil or criminal, is begun that, in Lender's
<br />iudement, could result in forfeiture of the Property or other material impairment of Lender's interest in the Property or rights
<br />is interest in the Property or rights under this Security Instrument The
<br />attributable to the impairment of Lender's interest in the Property are
<br />hereby assiggned and shall be paid to Lender.
<br />All Miscellaneous Proceeds that are not applied to restoration or repair ofthe Property shall be applied in the order
<br />provided for in Section 2.
<br />12. Burrower Not Released; Forbearance By Lender Not a Waiver. Extension ofthe time for pa ent or
<br />modification ofamortization ofthe sums secured by this Security Instrument granted by (ender to Bonoweror any Successor
<br />in Interest of Borrower shall not operate to release die liability of Borrower or any Successors in Interest of Borrower.
<br />Lender shall not be required to commence proceeding against any Successor in Interest ofBorrower or to refuse to extend
<br />time for payment or otherwise modify amortization ofthe sums secured by this Security Instrument by reason ofanydemand
<br />made bythe original Borrower or any Successors in Interest ofBorrower. Any forbearance by Lender in exercising my right
<br />or remedy including, without limitation, Lender's acceptance of payments from third persons, entities or Successors in
<br />Interest ofBorrower or in
<br />amounts less than the amount then due, shall not be a waiver of or preclude the exercise ofany right or remedy.
<br />13. Joint and Several Liability; Co-signers; Successors and Assigns Bound. Bormwercovenantsandagrees
<br />that Borrower's obligations and liability shall be joint and several. However, any Borrower who co -signs this Security
<br />Instrument but does not execute the Note (a "co- signer "): (a) is co- signing this Security Instrument only to mortgage, grant
<br />and convey the co -signer's interest in the Property under the terms ofthis Security Instrument (b) is not personal lyobligated
<br />to pay the sums secured by this Security Instrument and (c) agrees that lender and any other Borrower can agree to extend,
<br />modify, forbear or make any accommodations with regard to the terms ofthis Security Instrument or the Note without the co-
<br />signer's consent.
<br />Subject to the provisions of Section 18, any Successor in Interest ofBorrower who assumes Borrower's obligations
<br />under this Security Instrument in writing, and is approved by Lender, shall obtain all ofBonower's rights and benefits under
<br />this Security Instrument. Borrower shall not be released from Borrower's obligations and liability under this Security
<br />Instrument unless lender agrees to such release in writing. The covenants and agreements ofthis Security Instrument shall
<br />bind (except as provided in Section 20) and benefit the successors and assigns of Lender.
<br />14. Loan Charges. lender may charge Borrower fees for services performed in connection with Borrower's
<br />default, for the purpose ofprotecting Lender's interest in the Properly and rights under this Security Instrument, including,
<br />but not limited to, attorneys' fees, property inspection and valuation fees. In regard to any other fees, the absence ofexpress
<br />authority in this Security Instrument to charge a specific fee to Borrower shall not be construed as a prohibition on the
<br />chargingofsuchfee. Lender may not charge fees that are expressly prohibited by this Security Instrument or by Applicable
<br />Law.
<br />Ifthe Loan is Subject to a law which sets maximum loan charges, and that law is finally interpreted so that the
<br />interest n other loan charges collected or to be collected in connection with the Ivan exceed the permitted limits, then: (a)
<br />any such loan charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (b) any sums
<br />NEBRASKA - Single Family- Fannie MaeFreddie Mae UNIFORM INSTRUMENT Farm 3028 U01 /pnge5 fApagee)
<br />9]54.CV(1N2) 1678853
<br />n1YI0(000101w)
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