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200503101 Borrower was required to make separately designated payments toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to maintain Mortgage Insurance in effect, or to provide a non - refundable Applicable Law. loss reserve, until Lender's requirement for such lor until termination s requlired by written pp agreement La between Borrower and Lender prov g termination provided in the Note Nothing in this Section 10 affects Borrower's obligation to pay interest at the rate p incur Mortgage Insurance reimburses Lagreed. ender (Borrow entity not a party to the Mortgage Insuranceosses it may that purchases if Borrower does not repay the Loan as Mortgage insurers evaluate their arelosmodify their risk, xor reduce losses. losses. These agreements are on terms a into agreements with other part ies that share to these agreements. and conditions that are satisfactory to the mortgage insurer and the other party ( or P arties ) 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 from Mortgage Insurance premiums). er As a result of these agreements, Lender, any purchaser eceve (directlyoor, indirectly) amount ythat derive fromt(or entity, or any affiliate of any of the foregoing, Y might be characterized as) a portion of Borrower's payments for Mortgag e Insurance, in exchange for sharing or modifying the mortgage in risk, or reducing losses. if suchremiuin na d to provides the insurer the rrangement is takes a share of the insurer's risk in exchange for a share of the p p often termed "captive reinsurance." Further: reed to a for Mortgage (a) Any such agreements will not affect the amounts that Borrower has Insurance, or any other terms of the Loan. Such agreements will not increase the amount Borrower will owe pay 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 ights may include the Insurance under the Homeowners Protection st and obtain cancellation of the Mortgage insurance, to have the right to receive certain disclosures, q inated automatically, and /or to receive a refund of any Mortgage Insurance Mortgage Insurance term premiums that were unearned at the time of such cancellation or termination. assigned to 11. Assignment of Miscellaneous Proceeds; Forfeiture, All Miscellaneous Proceeds are hereby and shall be paid to Lender. If the Property is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair o the Property, if the restoration or repai shall have economically right e Bible and such Miscellaneous Proceeds until Lender has had repair and restoration period, Lender an opportunity to inspect such Property to ensure the work has been completed to Lender's satisfaction, provide for the repairs that such inspection shall be undertaken promptly. Lender may pay rs and restoration in a single disbursement or in a series of progress payments as the work is completed. Unless an agreement is made in writing required to pay B Applicable Law requires interest n such paid on such oust Proceeds. If the recto at on or repairs not economically Borrower any interest or earnings the sums secured by feasible or Lender's security would be lessened, the Miscellaneous Proceeds shall be applied to Such Miscellaneous this Security Instrument, whether or not then due, with the excess, if an paid Proceeds shall be applied in the order provided for in Section 2. p the Miscellaneous Proceeds shall In the event of a total taking, destruction, or loss in value of the Property, aid to be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, p Borrower. In the event of a partial taking, destruction, or loss in value of the Property in which the fair market value of the Property immediately is before Security partial Instrument immediately before the partial taking, destruction, or loss in value, of the sums secured by this tY be unless Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument alnamount of reduced by the amount of the Miscellaneous Proceeds multiplied by the following fraction: (a) the fair market the sums secured immediately before the partial taking, destruction, or loss in value divided by ( b ) value of the Property immediately before the partial taking, destruction, or loss in value. Any balance shall be paid to Borrower. In the event of a partial taking, destruction, desotruction, or loss invalue ris less than the amount of the lsums in which the fair market the Property immediately before the partial taking, NEBRASKA -- Single Family -- Fannie Mae /Freddie Mac UNIFORM INSTRUMENT Form 3028 1101 (page 8 of l4 pages) GV2023.HP n? 2-