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<br />Mortgage Insurers evaluate their total risk on all such insurance in force from time to time, and may enter into
<br />agreements with other parties that share or modifytheir risk, or reduce losses. These agreements are on temps and conditions
<br />that are satisfactory to the mortgage insurer and the other parry (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 fonds obtained from Mortgage Insurance premiums).
<br />As a result ofthese agreements, under, anypurchaser ofthe note, another insurer, anyreinsurer, any other entity,
<br />or affiliate of any of the foregoing, may receive (directly or indirectly) amounts that derive from (or might be characterized
<br />as) a portion of Borrower's payments for Mortgage Insurance, in exchange for sharing or modifying die mortgage insurer's
<br />risk, or reducing losses. If such agreement provided that an affiliate of Lender takes a share ofthe insurer's risk in exchange
<br />For a share ofthe premiums paid to the insurer, the arrangement is often termed "captive reinsurance." Further
<br />(a) Any such agreements will not affect the amounts that Borrower has agreed to pay for Mortgage
<br />Insurance, or any other terms ofthe Loan. Such agreements will not increase the amount Borrower will owe for
<br />Mortgage Insurance, and they, will not entitle Burrower to any refund.
<br />(b) Any such 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 request and obtain cancellation of the Mortgage Insurance, to have the Mortgage
<br />Insurance terminated automatically, and /or to receive a refund of any Mortgage Insurance premiums that were
<br />unearned at the time of such cancellation or termination.
<br />11. Assignment ofMiscellammus Proceeds; Forfeiture. All Miscellaneous Proceedsmeherebyassignedtoand
<br />shall be paid to Lender.
<br />Itthe Property is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair ofthe Property, if
<br />the restoration or repair is economically feasible and Lender's security is not lessened. During such repair and restoration
<br />period, Lender shall have the right to hold such Miscellaneous Proceeds until Lender has had an opporru ity toinspectsuch
<br />Propeft to ensure the work has been completed to Lender's satisfaction, provided that such inspcchon shall be undertaken
<br />prompt y. Lender may pay for the repairs and restoration in a single disbursement or in a series ofprogress payments as the
<br />work is completed Unless an agreement is made in writing or Applicable Law requires interest to be paid on such
<br />Miscellaneous Proceeds, Lender shall not be required to pay Borrower any interest or earnings on such Miscellaneous
<br />Proceeds. Ifthe restoration or repair is not economically feasible or Lender's security would he lessened, the Miscellaneous
<br />Proceeds shall be applied tothe sums secured by" Security Instrument, whether or not then due, with the excess, ifany,
<br />paid to Borrower. Such Miscellaneous Pruceeds shall be applied in the order provided for in Section 2.
<br />In the event ofa total taking, destruction, or loss in value of the Property, the Miscellaneous Proceeds shall be
<br />applied to the sums secured by this Security Instrument, whether or not then due, with the excess, ifany, paid to Borrower.
<br />In the event of partial taking, destruction, or loss in value oftlie Property in which the fair market value ofthe
<br />Property immediately before the partial taking, destruction, or loss in value is equal to or greater than the amount ofthe sums
<br />secured by this Security Instrument immediately before the partial taking, destruction, or loss in value, unless Borrower and
<br />Lender otherwise agree in writing, the sums secured by this Security instrument shall be reduced by the amount ofthe
<br />Miscellaneous Proceeds multiplied by the fallowing fraction: (a) the total amount ofthe sums secured immediately before the
<br />partial taking destruction, or loss in value divtried by (b) the fair market value ofthe Property immediately before the partial
<br />taking, destruction, or loss in value. Any balance shall be paid to Borrower.
<br />In the event ofa partial taking destruction, or loss in value ofthe Property m which the fair market value ofthe
<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 stuns are then
<br />due.
<br />If the Property
<br />sent is abandoned by Borrower, or if, otter a claim by r damn to Borrower that the Opposing Partyder
<br />defined 0 the next sentence) offers to make an award is settle i ed tm for ct anTas, Borrower fails to respond to Lender
<br />within 30 days after the date the notice is given,Lender is authorizedtocollectand applyu Miscellaneous Proceeds either
<br />to restoration or repair of the Property a to the orris swayed by this Security Instrument, whether or not then due.
<br />"Opposing Party" means die third party that owes Borrower Miscellaneous Proceeds or the party against whom Borrower
<br />has a right ofaction in re and 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 />judgment, could result in forfeiture ofthe Property or other material impairment of Lender's interest in the Property or rights
<br />under this Security Instrument. Borrower can cure such a default and, ifterelcrationhas occurred, reinstate as nwided in
<br />Section 19, by causing the action or proceeding to he dismissed with a ruling that to Lender's judgment, precludes forfeitue
<br />of the Property or other material impairment ofLender's interest in the Property or rights ander this Security Instrument. The
<br />proceeds of any award or claim for damages that arc attributable to the impairment of Lender's interest in the Property are
<br />Hereby assigned and shall be paid to Lender.
<br />All Miscellaneous Proceeds that are not applied to restoration or repair ofthe Property shall he applied in the order
<br />provided for in Section 2.
<br />12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension ofthe time for payment or
<br />modification of amortzation nfthc sums secured bythis Security Instrument granted by Under to Borrower or miySuccessor
<br />in interest of Borrower shall not operate to release the liability of Borrower or any Successors in interest of Borrower.
<br />Lender shall not be required to commence proceedings against any Successor in interest of Borrower 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 by the original Borrower or any Successors in Interest ofBorrower. An forbearance by Lender in exercising airy right
<br />or remedy including, without limitation, Lender's acceptance of payments front third persons, entities or Successors in
<br />Interest of Borrower or in
<br />amounts less than the annomn then due, shall not be a waiver ofor preclude the exercise of any right or remedy.
<br />13. Joint and Several Liability; Co- signers; Successors and Assigns Bound. Borrowercovcnants andagtces
<br />that Borrower's obligations and liability shall bejoint and several, However, any Borrower who co-signs this Security
<br />mid convey the co- signer's interest in the Property under the terms of MIS security Instrument; tot is not personary000gawr
<br />to pay the sums secured by this Scantly instrument; and (c) agrees that Lender and any other Borrower can agree to extend,
<br />modify, forbear or make any accoinnodations with regard to the terms of this Security Instrument or die Note without the co-
<br />signer's consent.
<br />Subject to the provisions of Section 18, any Successor in Interest ofRormwer who assumes Borrower's obligations
<br />under this Security Instrument in writing and is approved by Lender, shall obtain all of Borrower's rights and benefits under
<br />this Security Instrument. Borrower shall not be released front 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 offender.
<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 Property and rights under this Security instrument including,
<br />but not limited to, attorneys' fees, property inspection and valuation fees. In regard to arryother 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 />charging ofsuch fee. lender may not charge fees that are express] y prohibi led by this Security Instrument or by Applicable
<br />law.
<br />If the Loan is subject to a law which sets maximum loan charges, and that law is finally interpreted so that the
<br />interest or other loan charges collected or to be collected in connection with the Loan exceed the permitted limits, then: (a)
<br />any such loan charge shall be reduced by the amount necessary to reduce die charge to the permitted limit: and (b) any sums
<br />NEBRASKA- Sinylc Family - Fannie Mae /Freddie Mac UNIFORM INSTRUMENT korm3028 1101 (poge5ofBpag -)
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