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<br />As a resull of these ~, Lender, any purchaser of IhIl Note, 3IlllIher inBu:rer, any n:inl=,
<br />any other entity, or any afflIillUl of any of the foregoing, may m:ei~ (directly or indim:tly) amounts that
<br />derive from (or might be cbantctemed. u) a portion of Borrower'~ pll)'lllOOU for Mortgage Iosurance, in
<br />exchange for IIbllring or lIllIdifying the mort~ Insurer's risk, or reducing IlllISI'a. If 8IICh agretllllIlIIt
<br />provides that an affiliate of Lender takes a aIlare of the insurer'a riak in exchange for a share of the
<br />pmn\1DDIl paid to the iMurer, the lUTlIDpmllIlt la often termed 'capti~ reiDsuraIIce.' Further:
<br /><a) Any 5ueb aljJ'llllDlenta wIIJ DUt affect tI1Il llllWIIIIta that BOJ1'OWllr hlll!l azn:aI to pay for
<br />Morliage IDmrance, or any other ~ of tI1Il Loan. Sw:h agreemeota wID not lnc:rea8e the amount
<br />Borrower will owe for Mortpp ~ lIDd tber will not entitle Borrowe!' to IIIIf rel'Imd.
<br />(b) Any sw:b qreemenb will not aned the rigbtll Borrower has - if ony - with respect to the
<br />Mortaal;e InsOlllDce under lb. lIonll'owners Protection Act of 1998 or lIDY otber law, These ri&htB
<br />may Indllde the rigbt to recelVtI cerialn dillcI_, to requellt lIDd obtaIII cancelletion of tb.
<br />Mortpge 1nIurance, to ban the Mortpp Insurance terminated lUltomatically, and/or to receive a
<br />refund of lIDY MortplllllDsunmce premiumJ; that were lIDeemed at the tIlDe of IlIICh cancellation or
<br />termJnatlon.
<br />11. As.dgmnent of Miric:elllIDOOIIS Proceedsj Forfeiture. AU MiBcellllllelllla Proceeds are hereby
<br />assigned to and aluIll be pUd to LcDd....
<br />If the Property Is dluDagcd, IIUCh MilIceUaneous Proceeda aluI1I be applied to restoration or repair of
<br />the Property, If the reatoration or reprrlr is economically feuible and Lender's security Is not lesaeIJed.
<br />During IlUch repair IUld restoration period, Lellder BhaU have the riabt to hold wch Miscellaneous Proceed8
<br />until Lender has had an opportullity III iuspecl &UCh Property to CIlIlU[e the work has bml completed to
<br />Lender's satisfaction, provided that such Inspection sball be undertaken promptly. Lender may pay for the
<br />repairs and rClltoration in a single disbursellleDt or in a aeries of progres. payments as the work ill
<br />completed. UDless an agreement Is made In writing or Applicable Law requires interest to be paid on 8IICh
<br />MiIco11aneous Proceeds, Lender BhaU not be req,u.ired to pay Borrower any Interest or eaminga on &UCh
<br />Misce11aDeoUl Proceeds. If the restoration or repwr is not economically feasible or Lender's security would
<br />be lessened, the Miscellaneous Proceeds BhaU be applied to the 8UDlIl secured by this security Instrument.
<br />whether or not then due, with the excess, if any, paid to Borrower. Such Miscellaneous Proceeds aluIll bo
<br />applied in the order provided for in SectIon 2.
<br />In the event of a total taking, destruction, or 1088 in value of the Property, the MiscelllUJCOU,'l
<br />Pmceed8 shaI1 be applied to the BUmB secured by this Security lnstrument, whether or DOt then due, with
<br />the excBIIS, If any, paid to Borrower.
<br />In the event of a partial. taidn&. destruetion, or loss in value of the Property In which the fair market
<br />value of the Property immediately before the partial taking, deotructiOll, or loss in value II equal to or
<br />greater than the llDlOunt of the sums secured by this Security lnstrument immcxliately before the partial
<br />taking, cWtruction, or loaa In value, unl_ Borrower and LeIIder otherwise agree in writing, the sums
<br />secured by this Security InstruIlJellt aluI1I be redueed by the amount of the Miscellaneous Proceeds
<br />multiplied by the following fraction: (8) the total amount of the BUmS seeured immediately before the
<br />partial taking, destruction, or loss in value divided by (b) the fair market value of the Propeny
<br />lmmediale1y before the partial taking, destruction, or 1088 in value. Any balance aluIll be 'paid to Borrower.
<br />In the event of a plu1ial taking, destruction, or los, in value of the Property In which the fair market
<br />value of the Property immediately before the partial taking, destruction, or 1088 in value is 1_ than the
<br />llIIIllUDt of the sums accurcd lnunedIateIy before the partial taking, destruction, or 10lla in value, uDless
<br />Bon:ower and Lender olhcrwi,. egrcc in writing, the MiscellllDCllllll Proceeds shall be lIpp1led to the sums
<br />secured by this Socurity Instrument whether or IIOt the sums are then due.
<br />If the Property Ia lIbandoned by Borrower, or If, after notice by Lender to Borrower that the
<br />Opposing PIUty (as defined in the next sentence) offers 10 1lIake an awerd to settle a claim for damages,
<br />Borrower WIs to respoDd to Lender within 30 daya d'Ier the dale the notil:e is given, Lender Ia authorized
<br />to collect and apply the Miscellaneous Prcx:eeds either to restoration or repair of the Property or to the
<br />8IIlDI!I secured by this Security lnsttument, whether or DOt then due. 'Opposing Party" means the third party
<br />that owes Borrower MI!COll8DllOUll Proceeds or the party against whom Borrower has a right of action in
<br />reprd. to Miscellaoeous Proceeds.
<br />Borrower aluI1I be in defaolt If any action or proccedlng, whether civil or criminsl, Is begun that, in
<br />Lender's judgment, could result In forfeiture of the Property or other materialllllpalrment of Lender's
<br />Interest in the Property or rights uDder this Security Instrument, Borrower """ cure such a default and, If
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<br />8016730387 8016730387
<br />NEBRASKA. SIngle famllv . fannia Maa/freddle Mac UNIFORIIIIINSTRUIIIlENT '" V If\^ 0
<br />4Ia..aINElI"'" ....... ,. WI....' ~ - " Funlt 3028 1/01
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