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200200612
<br />Mortgage Insurers evaluate their total risk on all such insurance in force front time to lime, and may enter into
<br />agreements with other parties that share or modify their risk, or reduce losses .'I hese agreements are on terms and conditions
<br />Ihal are satisfactory to the mortgage insurer and the other party (or parties) to these agreements. These agreements may
<br />rcqutre the mortgage insurer to make payments' using any source of funds that the mortgage insurer may Lave available
<br />(which may include fiends obtained fault Mortgage Insurance premiums).
<br />As a result ofthese agm'eements, Lender, anypumhaser ofthe note, another insurer, any reinsurer, any other entity,
<br />or affiliate of any ofthe foregoing may receive (directly or indirectly) amounts that dance tom (or might be characterized
<br />as) a portion of Bon owe; s payments for Mortgagge Insurance, m exchange for sharing or rectifying the 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 of the premiums paid to the insurer, the arrungernent 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 of the Loan. Such agreements will not increase the amount Borrower will owe for
<br />Mortgage Insurance, and they will act entitle Borrower to any refund.
<br />(b) Any such agreements will not affect the rights Ban rower has irony — 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 of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are herebyasslgncd to and
<br />shall be paid to Lender.
<br />Ifthe Property is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of the Property, if
<br />the restoration or repair is economically feasible and Lender's scour; ty is not lessened. Dining such repay and restoration
<br />period, Lender shall have the right to hold such Miscellaneous Proceeds until Lender has had an opportunity to inspect such
<br />Proneme to Cast, c the work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken
<br />work
<br />y for the repairs and restoration in a single disbursement or in a senes of pmgress payments as the
<br />ass an agreement is made in writing or Applicable Law requires interest to be paid on such
<br />Laurin shall not be required le pay Borrower any interest or earnings on such Miscellaneous
<br />not repair is non economically feasible of Lender's security would be lessened, the Miscellaneous
<br />Proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, ;(any,
<br />paid to Borrower. Such Miscellaneous Proceeds shall be applied in the order provided 1., ,0 Section 2.
<br />In the event of a total taking, destruction, or loss in value of the Property, the Miscellaneous Proceeds shall be
<br />applied to file sums secured by this Security Instrument, whether or 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 in which the fair market value of the
<br />ire the partial taking, destruction, or loss in value is equal too' greater than the mim mf of the suers
<br />rsbm
<br />'uent immediately before the partial taking, destruction, or less in ,glue, unless Borrower and
<br />Lender otherwise agree in writing the sums secured by this Security Instument shall be reduced by the amount of the
<br />Miscellaneous Proceeds multiplied by the following fiaction: (a) the total amount ofthe sums secured immediately before the
<br />partial taking, deformation, or loss in value divided by (b) the fair market value ofthe Property immediately before file partial
<br />taking, dealt action, or loss in value. Any balance shall be paid to Borrower
<br />In the event of a partial taking, destruct, on, or loss in value of lire Property m which the fair market value of the
<br />Property immediately before the partial raking, dcstrimtion, or loss in value is le,s than the amount of the sans secured
<br />immediately before file partial taking, destmc Iran, m' loss in value, unless Borrower and Lender other, Ise agree in writing
<br />the W,ed lancme, Proceeds shall be applied to the sums secured by this Security Instrument whether or not if is suns are then
<br />due.
<br />If the Property is abandoned cla to by make all a Borrower, or o after nonce by lender to Borrower that the Opposing Partyder
<br />defined in lire next sentence) oflbrs to make an award to stile a Beim for damages, limrowcr fails to respond to Lender
<br />within 30 days flier the date the notice is given, Lender is anthorized to collect and apply the Miscellaneous Proceeds either
<br />to restoration or repair of the Property or to the sums secured by this Security hlslrimlent, whether m' 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 act on in regard to Miscellaneous Proceeds.
<br />Borrower shall be in default if any action or proceeding, whether civil or ci . min al, is begun that, iu Lender's
<br />judgment, could result in forfeiture ofthe Property or other material impairment oftznder's interest in the Property or rights
<br />under this Security Instrument. Bon'ower can cure such a default and, ifacceho atiun has occurred, reinstate as provided in
<br />Section 19, by causing the action or proceeding to be dismissed with a ruling that, in tell der'sj udgmenb precludes fbrtetnre
<br />ofthe Properly or other mater; al impairment of Lenders interest in the Property or rights under this Security front Content, The
<br />Fit oceeds of any award or claim for damages that me alit ibutable 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 mson anon or repair ofthe Property shall be applied in the order
<br />provided for in Section 2
<br />12. Borrower Not Released; Forbearance By Lender Not a Wainer. Extension ofthe time for payment or
<br />modification ofamoctization ofthe sums secured bythis Security Inslmment granted bylOcc to Bon'ower ornny Successor
<br />in Interest of Borrower shall not operate to release the liability of Bonowei 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 Insil ament by reason ofany demand
<br />made bythe original Borrower or any Successors in Interest ofBonower. Anyforbcmance by Lender in exercising mvnght
<br />or remedy including, without limitation, lender's acceptance of peyrnenns from thud persons, entities or Successors in
<br />Interest of Borrower m in
<br />amounts less than the amount then due, shall not be a waiver Cron preclude the exercise ofany right or remedy.
<br />13. Joint and Several Liability; Co- signers; Successors and Assigns Bound. Borrower covenants audagrees
<br />that Borrowers obligations and liability shall be joint and several. However, any Borrower who co -signs this Security
<br />Instrument but does not execute file Note (a "co-signer')'. (a) is co- signing this Security Instrument only to mortgage: grant
<br />and convey the co- signer's interest in
<br />to pay the sums secured by this Secur
<br />modify, forbear or make any accunnn
<br />Signor s consent.
<br />Subject to the provisions of
<br />under this Security Instrument in writ
<br />this Security Instrument. Hot rower
<br />Instrument an less Lender agrees to sr
<br />beed (except as provided in Section'
<br />14. Loan Charges. Lend
<br />default. for the purpose off, co.ting
<br />Lender may oaf
<br />Centers Cirrus SCemlry mm
<br />ogrevs that lznder and as
<br />r the terms oftloS Security
<br />co-
<br />ion 18, any Successor in Interest of Burrower who assumes Borrower's obligations
<br />and is approved by Lender, shall obtain all of Borrowers rights and benefits under
<br />i not be released from Borrower's obligations and liability under this Security
<br />elease in writing. The Covenants and agreements ofthis Security Instrument shall
<br />and benefit the successors and assigns of Tender.
<br />ray charge Borrower fees for services performed in connection with Burrower's
<br />der', interest in the Property and rights under this Security Instrument, including,
<br />y inspection and valuation fees. In regard to any other fees, the absence ofeCtor
<br />;hinge a specific fee to lion'ower shall not be construed as a to on the
<br />rge fees that are expressly prole In red by this Sew rity hlsaument or by App licab lc
<br />aw If file Loan is subject to a law which sets maximum loan charges, and that law is finally in tat prated so that the
<br />er
<br />interest or oth loan changes collected or to be Collected in Connection worth the Loan exceed the per re, limits, then. (a)
<br />any such loan charge shall be reduced by the amount nemssol) to reduce the charge to the pernti tied Ime t, and (b) any sums
<br />NFRRASKA— Single frarry Fannie Mae /FrNJie Mar CNIFORM INSTRUNItNT For in tlol(pn,ee 5 of8pogas)
<br />9],JCV(ru) GI [402
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