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<br />200707117
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<br />If this Snnurily Instruffinnt is 011 a lcasehold, Rorrower shall comply with all the provisions of the ImlSc. If BOlTower
<br />acquires fee title In the Property, the leasehold and thc fee title shall not ,,'Cree unless Lender "grces to tlle merger in writing.
<br />10. Mortgage Insurance. If Lendor required Mortgage Insurance as a condition of lll~k.ing the Loan, Borrower shall pay
<br />the prtlmi\lmS requin::d to maintain the Mortgage Insnrance ill clf~ct. If, for allY reason, the Mortgage lnsUt'""Ce coverage required
<br />by L"mlcr ",::ases to be available from tho tn"rtgage insnr"r th"lpttvionsly provided such insurllflce and Borrower was rl:'(juir<"A;\ to
<br />make separately d""igllated payments tow:m! the pII::miums fOl' Mortgage lnsunmce, Dorrower shnll pay the:: premiums required [0
<br />obtain coverage substantially equivalent to the Mortgage Insurance previously in effect, at a cost substRntinlly equinl"nll11 the
<br />cost to 13,,"ower of the Mortgage lusurance previously in effcct, f10m an alternate mortgage insurer sc1cctr..d hy Lender. If
<br />sllbstllfltiaIly equivalent MOltgag" Imurance coverage is "ot available, Borrower shall continue to pay to Lender the amount of the
<br />separately designated payments that were due when the insurance coverage ceased to be in eff...ct. L,,,,der will acctopt, use rum
<br />rctain these payments as a non-rcfundable luss reserve in lieu of Mortgage Insurance. Such loss rescrvc shall be non-refundable,
<br />notwithst,mding the f""t Hlat the Loan is ultimately paid in full, and Lender Rball not be requirul to 1'''y norrower any interest or
<br />earnings oIl such loss Ie"","ve. Lender can nO longer require loss reserve payments if Mortgage Insnn\11ce coverage (in the amount
<br />and for the period that Lender requires) provided by all insurer se/ected by Lender again becomes available, is obtained, and
<br />Lender requires separately designatcd payment. toward the premiums for Mortgage h,SUraIlCe. If Lender required Mortgage
<br />InsuIllnce as a condition of making the Loan and Borrower was =iuired to make separately de&ignated payments toward the
<br />prCllliUlIlR for Mortgage Insurance, Borrower shall pay the premiumR ""'lui,.ed to maintain Mortgage Insurance ill effect, or to
<br />provide a lIon-refundahle loss reserve, until Lender's requiremeut for Mortgage Insurance ends in accordance with any writlen
<br />agreement between Borrower and Lender p"widing for such tennination or until tenniuatiol1 iR required by Applicable Law.
<br />Nothing in this Section 10 affec.!s Borrower's obliJ!:ation to pay interest at the rate provided in the Note.
<br />Mortgagc Insurance reimbnl'SCI< Lender (or any entity that purchases the Note) for certain losses it may incur if Borrower
<br />does not repay the Loa11 as agreed. Borrower is not a party to the Mortgage Insurance.
<br />Mortgage insun,IS "valuate their total risk on all such insurance in force from time to time, and may eIlter into agreements
<br />with other parties that share or modify their risk, Or rednce losses. These agreements are Oil leTIlIs and "",,,jiti''''R that are
<br />satisfactory 10 the mortgage insurer and the other party (or parties) to these agreements. Th~..sc agreemcnts Ulay rccluire the
<br />mortgage insurer to make payments using any source of funds that the mortgage insurer may have ~vaiIable (whieh may
<br />include funds obtained from Mortgage Insurance premiums).
<br />As a result of these agreements, Lender, any purchaser of the Note, anothcr insurer, any reinsurer, any other entity, or allY
<br />affiliate of any of the foregoing, may rcceive (directly or indirectly) amoullts th"t derive from (or might be char"cterized as) a
<br />1',,,.tio,, of Borrower's payments for Mortgage Insurance, in exchange for shaling Or modifying the mortgage iusurer's risk, Or
<br />reducing losses. If s11ch "gfeement provides Ihat an afflliatc of Lende,. takes a share of the insurer's risk in exchange for a share
<br />of the premiullls paid to the iusnrer, the arrangement is often termed "captive reinsurance." Furthcr:
<br />(a) Any such agreements will not affect the amount.. that Borrower has agreed to pay for Mortgage Iusuranee, or
<br />IIny other terms of the Loan, /luch agreements will Dot increase the l1Illount Borrower will owe for Mortt:age Insnranec,
<br />and they will not enUUe Borrower to any refund.
<br />(b) Any such agreement.. wlll not nffect the rights Borrower hns-.if 1I0y-with respect to the Mortgage
<br />Insurance under the Homeowners Protection Act of 1998 or any otller law. These rights may Include the right to receive
<br />certain disclosures, tl1 request and obtain cancellatlon of the Mortgage Insuranee, to have the Mortj:\age Insurance
<br />terminated automatically, and/or to receive a refund of any Mortgage Insurance premiums that were unearned at the
<br />time of such cancellation or termination.
<br />It. Assignment of Miscellaneous Proceeds; Forfeituce, All Miscellaneous Proceeds are hereby assign..,d to and shall
<br />be paid to l.ender.
<br />If the Property is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of tIte Property, if the
<br />restoration 01" repair is c.conomical1y feasihle llfId Lend"r's s""urity is not leRRened. During such repair and restoration periot!,
<br />Leuder shall have the right to hold such Miscellaneous Proceeds ~lllti1 Lender has had an opportunity to inspect sn"h Property
<br />to ensure the work has betlu completed to Lender's satisfaction, provided that such inRpection shall be undertaken promptly.
<br />Lender may pay for the repairs and resloration in a single disbursement or in a series of progress payments as tIte work is
<br />completed. Unless an agreement is made in writing or Applicable Law requires intorest to he paid on snch Miscellaneous
<br />Proceeds, Lender shall not be required to pay Borrower any interest or earnings on such Misccllancous Proec.cds. If the
<br />restoration or rcpair is nor. economically feasible or Lender's secnrity would be lessened, the Miscellaneous ProceedR shall be
<br />applied t.o the sums sccured by thiR Security Instrument, whether or not then due, with the excess, if any, paid to Borrower.
<br />Snch Miscellaneous Prllceeds shall be applied in the order provided tor ;n Section 2.
<br />In the event of a total taking, destruction, or loss ill value of the Property, the Miscellaneous Proceeds shall be applied to
<br />the sums sccured by this Security Instrumcnt, whcther or 1I0t then dlle, with the excess, if any, paid to DOlTower.
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<br />NE'BRASKA-Singlo F.,,,ily--l<annle MacIFroddle Mac UNIFORM INSTRUMENT
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<br />ITr-M T:.!.698L7 (O~08}-~MERS
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<br />(Page 7 of 12 pag")
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<br />Form 3028 1101
<br />GrtF.ATLANO .
<br />Tel Old8l'Gall; 1-800-53[).93113 Q FalC.618-7IH-1131
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