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20020681N
<br />pay the premiums requmd to maintain Mortgage Insurance in effect, or to provide a non - refundable loss
<br />reserve, until Lender's requirement for Mortgage Insurance ends to accordance with any written malcemad
<br />hetwcen Boaower and Lender providing for such termination or until termination is tegotred by Applicable
<br />Law- Nothing in this Section 10 affects Borrower's obligation to pay interest at the rate pro vided in the Note.
<br />Mortgage Insurance reimburses Lender for any entity that purchases the Note) for certain losses it may
<br />incur if Borrower does not repay the Loan as agreed- Borruwcl is net a party to the Mortgage Insurance.
<br />Mortgage insuras evaluate their total ask on all such insurance in force hom time to time, red may cuter
<br />into agieements with other parties that share or modify their risk, or reduce losses. These agreements are on
<br />feints and conditions that are salisfectory to the mortgage insurer and the other party (or parties) to these
<br />agreements. 'These agreements may require the mortgage insurer to make payments using any source of funds
<br />that the mortgage insurer may have available (which may include funds obtained Bom Mortgage Insurance
<br />premiums).
<br />As a result of these agreements, Lender, any purchaser of the Note, another insurer, any remsurer. any
<br />other entity, or any affiliate of any of the foregoing, umy receive (directly or indirectly) amounts that derive
<br />from (or might be oil urectertzed is) a por tion of Borrower's payments for Mortgage In sill ante, in exchange for
<br />sharing or modifying the mortgage insomr's risk, or reducing losses- if such rucenren provides that an
<br />er
<br />affiliate of Lend takes a share of the insurer's risk in exchange for a share of the prantunts paid to the
<br />insurer the arrangemcad is often termed "captive reinsurance." Further:
<br />(a) Any such agreements will not affect the amnunts 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
<br />owe for Mortgage Insurance, and they will not entitle Borrower to any refund.
<br />(b) Any such agreements will not affect the rights Borrower has - if any - with respect to the
<br />Mortgage Insurance under the Ilnmatwners Protection Act of 1998 or any other law. These rights may
<br />include the right to receive certain disclosures, to request and obtain cancellation of the Mortgage
<br />Insurance, in have We Mortgage Insurance terminated automatically, and /ur to receive a refund of any
<br />Mortgage Insurance premiums that were unearned at the time ofsuch cancellation or termination.
<br />11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby axsigned
<br />to and shall he paid to Leader.
<br />If the Property is damaged- such Miscellaneous Proceeds shall he applied to restoration m repair of the
<br />Property, if the restoration or repair is economically feasible and Lender's security is not lessened- Daring
<br />such repair and restoration period, Lender shall have the right to hold such Miscellaneous Proceeds until
<br />Lmider has had an opportunity to inspect such Property to ensure the work has been completed to Lender's
<br />smisfaelimi, provided that such inspection shall be undertaken promptly- Lender may pay for the repairs and
<br />restoration in a single disbursement or in a series of prograss peynrcnls as the work is completed. Unless an
<br />agrecment is made in writing or Applicable Law u)uires interest to he paid on such Miscellaneous Proceeds.
<br />tender shall not he required to pay Borrower any into rest or earnings on such Miscellaneous Proceeds- It the
<br />restoration of repair is not economically feasible or Islander, security would he lessened, the Miscellaneous
<br />Proceeds shall he applied to the sums secured by this Security Instrument, whether of not then due, with the
<br />excess, if any, paid to liellowcr. Such Miscellaneous Proceeds shall be applied in the under ptovtded for in
<br />Section 2.
<br />In the event of a total taking, destruction, w loss in value of the Property, the Miscellaneous Prouacds
<br />shall be applied to the sums secured by tilts Security instrument. whether or not then due, with the excess. if
<br />any, paid to Boaower. .
<br />In the event of a partial taking, destruction, or loss In value of the Property to which the fair market value
<br />of the Property immediately before the partial Inking, destruction, or loss in volue is woad to or greater than
<br />the amount of the sums sccureA by this Security Instmment immediately before the partial taking, dcsumsion.
<br />or loss in value, unless Borrower and Lender rimnvise agree in writing, the sails secured by this Security
<br />Instmment shall he reduced by the unlearn of the Miscclluneous Proceeds multipltal by the following fraction'
<br />(a) the total amount of the sums secured immediately before die partial taking, destruction, or loss in value
<br />divided by (h) the fair market value of the Property immedi ate] y before tha partial taking, dent to ctt n n, or leas
<br />in value. Any halancc shall be paid to Borrower.
<br />In the event of u partial taking, desnuction, or loss in value of the Property in which the fair market value
<br />of the Property immediately hcforc the partial taking, destruction, of loss in value is less than Lite amount of
<br />the sums straced immediately before the partial taking, destruction, or Toss in value, unless Borrower and
<br />Lcndcr otherwise agree in writing, the Misechoneeus Prmcecds shall be applied to the awns secured by this
<br />NEBRASKA - Single Family -Fan me Mae /Freddie Mac UNIFORM INSTRUMENT
<br />Form 30281/01
<br />Lase, roans Inc(ann) 4463555 pa 8 0l 13 Initials
<br />Lrl arumwloee al Page ' "
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