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200904084
<br />As a result of these agreements, Lender, any ptuchaser of The 1Vote, another inatrt'er, any reinsures, any
<br />other entity, or any affiliate of any of the foregoing, may receive (direcdy ur indirectly) amounts that derive
<br />From (or might be characterized as) a portion of Borrower's payments for Mortgage Insurance, in exchange
<br />for shazing or mtxlifying the mortgage insurer's risk, or reducing losses. If snch agreement provides that an
<br />affiliate of Lender takes a share of the insurer's risk in exchange for a share of the premiums paid W the
<br />insurer, the arrangement is often terms[ "captive xeinsurance." Fttnher:
<br />(a) Any such agreemenk5 will not affect the amounts that Borrower has agreed to pay for
<br />Mortgage Insurance, or any other arms at the Loan. Such agreements will oat increase the amount
<br />Borrower will owe for Mortgage Iasurauce and they will nut entitle Borrower to any refund.
<br />(b) Any such agreements will not nt~ect the rights Borrower has - if any - with respell to the
<br />Mortgage Insurance nodes the Homeowners Protection Act of [998 ar any other law. These rights may
<br />include the right to receive certaun disclosures, to request and obtain cancellation of ltte Mortgage
<br />Insurance, to have the Mortgage Insm'ance terminated automatical~i, and/or to reserve a refund of any
<br />Mortgage Insnrance premiums that were unearned at the tune aP such cancellation or termination.
<br />I1. Assignment oP Miscellaneous Proceeds; Forfeiture- All Miscdlaneous Proceeds are hereby
<br />assigned to and shall be paid [o Lender.
<br />If the Property is damaged, such Misceilatttous Proceeds shaA be applied to r~wration or repair of the
<br />Property, if the resutraton or repair is economically fcasi6lt and Lender's security is not ltasened, During
<br />such repair and restoration period, Lender shall have the right to hold such Miscellaneous Proceeds until
<br />Lender has had an pppo[nrnity to inspect such Property to ensure the work has been completed to Lender's
<br />satisfaction, provided that such inspection shall be undertaken prnntpdy. Lender tray pay fps tht repairs and
<br />restoraton in a single tlisbursemertt or in a series of progress payments as the work is completed. C)nless an
<br />agreeantnt is made itt writing or Applicahlt Law requires interest to be paid on such Miscellaneous
<br />Proceeds, Lettdtr shall not bo required to pay )3orrowet any interest or earnings on such Miscellaneous
<br />Proceed-c. [f the restoration or repair is not economically feasible ar I.cnder's security would be ltsstned, the
<br />Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument, whether or not then
<br />due, with the excess, if any, paid to 8orrawer. Such Miscellaneous Proceeds shall he applied in the order
<br />provided for in Section 2.
<br />[n the event of a total taking, desduction, or loss in value of the Property, the Mist:ellaneous Proceeds
<br />shall 6e applied to dre sums secured by this Security lnstrttment, whether nr not tl-en doe, wish the excess, if
<br />any, paid to Borrower.
<br />In the event of a partial taking, destruclinn, or toss iu value of the Property in which the fair mazket
<br />value of the Property immediately before the partial taking, deswction, or bss in value is equal to or greater
<br />than the amount of the sums secttrtd by this Security lnsstrument immediately before the pardal taking,
<br />desttuetion, of bss in value, unless ItorroWex and Lender DthelWlse agre8 m wntmg, dte sums secured by this
<br />Stcttrity Instrwttent shall be reducod by the amount of Ute Miscellaneous Proceeds multiplied by the
<br />following Irackion: (a) the total amount of Use stuns secured immediately before the partial taking, destrtrctipn,
<br />or loss in value divided by (b) the fair rrtatttet value of dte Property immediately befaro Ute partial Taking,
<br />destruction, ar toss in vatuo. Arty balatttx shall T>e paid To sorrows.
<br />In the event of a partial taktng, desauction, or loss m value of the Property in which the fair market
<br />value of the Property immediately before the partial taking, destruction, ar loss in value is less than the
<br />amount of the sums secured immediately befaxe the pat~ial taking, destruction, or lass in value, untess
<br />Borrower and Lender otherwise agree in writing, dtt Miscellaneous Proceeds shall be applied to the sums
<br />secured by this Security Inswment whether or not the sums are then due.
<br />If the Property is abandoned by Borrower, ar if, after notice by Lender to Borrower that the ['apposing
<br />Party (as defined in the next sentence) offers w make an award to settle a claim for damages, Borrower fails
<br />W respond W Lender within 30 days after the daft the notice is giver,, Lender is authotired to collect and
<br />apply the Miscellaneous 1'rotxzds eiThcr to mstoration or repair of the Property or to the sums secured by this
<br />Stxtuity Instrument, whether or not then due. "Opposing Party" means the third puny Iltat owes Bonrnwer
<br />MiscelL•uteous Proceeds or the party against whom Borrower has a right of action in regard to Miscellaneous
<br />Prcxeeds.
<br />Borrower shall be in default if any action ar proceeding, whether civic or criminal, is begun that, in
<br />Lender's judgment, cpuld result in farfeittue of the Property or other material impairment of Lender's interest
<br />in the Properly or rights under this Security lnstnament. Borrower can true such a default and, if
<br />NEBnASKA -Single Family - Frnnle MralFreddle Mac UNIFOnM INS7pUME s
<br />~' -e(NE) coat it Page s of tS mnla~~J 28 1/Ol
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