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200200742 Mortgage Insurers evaluate their total risk on all such insurance in force Rom lime to lime, and may enter into agreemcnls with other patties that share or modify their risk, or reduce losses. l'hesc agreements are on remiss, d conditions that are satisfactory to the mortgage insurer and the other party (or parties) to these agreements. These agreements may require the mortgage insurer to make payments using any source of funds that the mortgage insurer may have available (which may include funds obtained tram Mortgage Insurance premiums). As a result oflhese agreements, Lender any purchaser ofthe note, another Insurer, any mmsurer, any other entity, or affiliate of any ofthe foregoing, may receive (directly or indirectly) amounts that derive front (or might he characteu aed as) a portion ufBorrower's payments for Mortgage Insurance, in exchange for sharing or modifying the mortgage insurer's risk, or reducing losses- Ifsuch agreement provided that an affiliate at'I ender takes a share of the insurer's rink in exchange for a share ofthc premiums paid to the insurer the arrangement is often learned "captive reinsurance." I orther. (a) Any such agreements will not affect the amounts that Borrower has agreed to pay for Mortgage Insurance, or any other terms of the Loan. such agreements will not increase the amount narrower will owe for Mortgage Insurance, and they will not entitle Borrower to any refund. (b) Any such agreements will not affect the rights Borrower has — if any — with respect to the Mortgage Insurance under the Homeowners Protection Act of 1998 or any other law. These rights may include the right to receive certain disclosures, to request and obtain cancellation of the Mortgage him toace, to have the Mortgage Insurance terminated automatically, and/or to receive a calif nit of any Mot isge Insurance premiums that were unearned at the time of such cancellation or ter. familiar. I1. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous PrraeeJs ue herebyassigned In and shall be paid to Lender. Iftho Property is dannaged, such Miscellaneous Proceeds shall be app tied to restoration or repo it of the Property, if the restoration or repair is economically femi hie and Lender's security is not lessened. During such repair and restoration period, Lender shall have the right to hold such Miscellaneous Proceeds until Lender has had an opportund toinspecteach Property to ensure the work has been cnmpletcd to Lender's satisfaction, pmvlded that such inspection shit f, be undertaken promptly. Lender may pay for the iepalrsand restoration in a single disbursement or in a series ofprogr'ess payments as the work is completed. Unless an agreement is made in writing or Applicable Law Iegatess urterest to be paid on such Miscellaneous Proceeds, Lender shall not be required to psy Borrower any interest or earnings on such Miscellaneous Proceeds. Ifthe restoration or repair is not economically feasible or Lender's security would be lessened, the Miscellaneous Proceeds shall be applied to tine sun,- seemed by this Security last, mocnl, whether or not then due, with the excess, if any, paid to Borrower_ Such Miscellaneous Proceeds shut] be applied in the order provided for in Section 2. In the event ofa total taking, destruction, or loss in value ofthe Property, the Miscellaneous Proceeds shat be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, ifany, paid to Borrower. In the event ofa partial taking, destruction, or loss is value ofthe Property in which the fair, milker value ofthe Property immediately before the partial taking destruction, or loss in value is equal to or greater than theantountofthe sums secured by 1111.1 Security lash 'unnent Inanediate]y before the partial taking, destruction, or loss in value, unless' Borrower and Lender otherwise agree in writing. the sums secured by this Security Instrument shall be reduced by the amount ofthe M i Seel l ancuus Proceeds multiplied by the following fraction (a) the land amount ofthe sums secured immediately before the partial taking, destruction, or loss in value divided by (b) the fair market value uflhe Properly named Moody before the partial taking, destruction, or loss in value Any balance Shall be paid to Borrower. In the event ofa partial taking, destruction, or loss in value of the Property in which the fair market value of the Property immediately heroic the Partial taking, destruction, or loss in value is less than tine amount of the sums secured nunediately before the partial taking, destruction, or loss' in value, unless Borrower and Lender olherw ise agree in writing, the Miscel]aneous Proceeds shall be applied to the sums secured by this Security Instrument whether or rat the %nine are then due. If the Property is abandoned by Borrower, or if, after notice by Lender to Burrower that the Opposing Party (as defined in the next sentence) offers to make an award to settle a claim for damages, Borrower fails to respond to Lender within 30 days after the Jute the notice is given, Lender is autlmriv,ed to collect and apply the Miscellaneous Proceeds either to restoration or repair of the Property or to the sums secured by this Security Instrument, whether or nut then due. "Opposing Party" means the third party [list owes Borrower Mistellaneeus Proceeds orlhe party against whom Borrower has a right of action in regard to Miscellaneous Proceeds. _ Borrower shall be in default if any action or procceding, whether civil or criminal, is begun that, m Lender's judgment, could result in forfeiture ofthe Property or other material impairment afLender's interest in the Property or rights ender this Security Instrument. Borrower can cure such a default am], ifaccelention has occurred, reinstate as provided in Section ]9, by ean¢ing the action or proceeding to be dismissed with a ruling that, in Lcndei sjudgment, pradudes forfeiture ofthe Properlyor other material innpmnnenl ofLender's interest in the Property or rights under this Security Instrnincnt. The proceeds of any award or claim for damages that are attributable to the impairment of Lender's interest in the Property are hereby assigned and shall he paid to Lender. All Miscellaneous Proceeds that ,,,,at applied to restoration or repair of Properly site][ be applied in the order provided for in Scdion 2. 12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension ofthe time for payment or modification ofamothad on ofthe sums secured by this Security Instrument granted by 1 ender to Borrower' or any Successor in Interest of Borrower shall not operate to release the liability of Im rower or any Successors in Interest of Borrower . lender shall not be required to commence proceedings against any Successor in Interest of Borrower or to refuse to extend time for payment or otherwise modify amortization ofthe sums secured by this Security Instrument by reason ofany demand made by the original Ilorrower or any Successors in Interest ofBon'ower. Any finbcuance by Lender in exercising any right or remedy ioc]uding without limitation, Lender's acceptance of payments from third persons, entities or Succcssurs in Interest of Borrower or in amounts less than the amount then due, shall not be a waiver ofor preclude the exercise ofully right or remedy. 13. Joint and Several Liability; Co-signers; Successors and Assigns Bound. Bonowercovenousmldagrees that Borrower's obligations and liability shall be joint and several. However, any Borrower w'ho co-signs this Security Instrument but does not execute the Note (a "co- signer" ): (a) is eo- signing this Security Instrument only to nnorlgage, grant and convey the co- signer's interest in the Property trader the harms fthis Security Instrument; (b) is not personally ubligated to pay the sums secured by this Security Instrument and (c) agrees that Lender and any other Bon ewer can agree to extend, uradify, forhear or make any accommodations with regard to the terms nfthis Security Instrument or We Note without the co- signer's consent. Subject to the provisions ofSectr. on 18 any Successor in Interest of Borrower who assumes Borrower's obligations under Wes Security Instrument in ,riling, and is approved by Lender, shall obtain all of Borrower's rights and bearchts under this Security Instrument. Borrower shall not be released from Borrower's obligations and liability under this Security Instrument unless Lender agrees to such release in writing. The covenants and agreemcnls of this Security Instrument shall bind (except as provided in Section 20) and benefit the successors and assigns off ender. 14. Loan Charges. lender may charge Borrower fees for services performed in connection with Borrower's default, for the purpose of protecting Lender's interest in the Property and tights under Ihis Secnr ity lasavmcnl, including, but not limited to, attorneys' fees, property inspection and valuation fees. In regard to any other' foes, the absence of express authority in this Security Instrument to charge a specific fee to Borrower shall nut be construed as a prohibition on the charging of such fee. Lender may not charge fees that are expressly prohibited bythiS stern ily Instrument orby Applicable Law. If the Loan is subject to a haw which sets texiinun loan charges, and that law is tine finally permitted interpreted so that the interest or Whet loan chargesreduced[ or lobe collected in cy to re on wnh the Loan the per the permitted limits, then. (o) any such loon charge shall be educed by the amount necessary to reduce the charge N the perruitted limit; Sall (b) any sums N2LRASKA,gicle Pumily— Fannie Mae /Freddie Mat UNIFORM INSTRUMHN'f For 3025 to h,age 5 0J pa3e,1 9751 CV 121011 GIIJ65 (o rtaaa 16403)