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<br />As a result. of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer,
<br />any other entity, or any al'lilial.e of any of the foregoing, may receive (directly or indirectly) amounts that
<br />derive from (or• might he char:rclerized us) a portion of Borrower's payments for Mortgage Insurance, in
<br />exchange 1i~1' shurin.g o.r modifying the mortgage insurer's risk, or reducing losses. If such agreement
<br />provides that un al'liliate of Lcndcr takes a share of the insurer's risk in exchange for a share of the
<br />premiums paid to the insurer, the ar•r•angcntent is olteti termed "captive reinstu••ance." Further:
<br />(a) Any such :-grc•cm[~nl,~ will not all'ect the amounts that Borrower has agreed to pay for
<br />Mortgage Insurance, or :u-y other terms of the Loan. Such agreements will not increase the amount
<br />Borrower will owe for Murtrarr. Insurance, and Huey will not entitle Borrower to any refund.
<br />(h) Any such agrccrncnts will not. ail"ect the rights Borrower has - if any -with respect to the
<br />Mortgage Instu•anec under the IIomeowuucrs Protectir-n Act of 1998 or any other law. These rights
<br />may include the rigl-t to receive certain disclosures, to request and obtain cancellation of the
<br />Mortgage Insur:utec, to h;rve the Mortgage Insurance terminated automatically, and/pr to receive a
<br />refund ol• any Mortl;al;e. ]ntiurat-cc premiums that were unearned at the time of such cancellation or
<br />terminatio.n-
<br />11. Assignruucnt of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby
<br />assigned to and shall he paid to Under.
<br />If the Property is dam:rgcd, such Miscellaneous Proceeds shall be applied to restoration or repair of
<br />the Property, if the reslaralion or repair is ccottomically feasible and Lcndcr's security is not lessened.
<br />During such repair and restoration pcr•iod, Lender shall have the right to hold such Miscellaneous Proceeds
<br />until Lender has had an olrlxrrtcnrity to inspect such Property to ensure the work has been completed to
<br />Lender's satisfaction, 17r•ovidul Ihat such. inspection shall be undertaken promptly. Lender may pay for the
<br />repairs and restoraliorl in a single clishursetnent of in a series of progress payments as the work is
<br />completed. [Inlcss an agr•ccurcnt. is made in writing or Applicable Law requites interest to be paid on such
<br />Miscellaneous Proceeds, i,cndcr shall not be required to pay Borrower any interest or earnings on such
<br />Miscellaneous Proceeds- 1P the r•cstoratir:tn or repair is not economically feasible of Lender's security would
<br />be lessened, the Misccl lancous Pr•crceuds shall be applied to the sums secured by this Security Instrument,
<br />whcthor or nut. then due, with the excess, if any, paid to Borrower. Such Miscellaneous Proceeds shall be
<br />applied in tkae order prciviclccJ for in Section 2-
<br />In the; event of :r total taking, dcstniction, of loss in value of the Property, the Miscellaneous
<br />Proceeds shall be applied to the. sums secured by this Security Instrument, whether or sat then due, with
<br />the excess, if any, paid to BUI-rnW(%r•.
<br />In the cv~rlf oI' a part i:rl Laking, dcstniction, or loss in value of the Property in which the fair market
<br />value of the Prnlrcrly inunccliatcly huliire Lhe partial taking, destruction, of loss in value is equal to or
<br />greal.er than the amorml of fhc sours secured by tlris Security Instrument immnediately before the partial
<br />taking, dcstr•uciion, ur loss in v:rlr.re, r.m..less Borrower and Lender otherwise agree in writing, the stuns
<br />secured by this ticcurily lnsfrtnncnt shall he reduced by the amount of the Miscellaneous Proceeds
<br />multiplied by the. lirlluwint~ li:.rcfir.rn: (a) the total amount of the sums secured immediately before the
<br />partial taking, dcstructiorr, or loss in value divided by (b) the fair market value of the Property
<br />inunediatcly bolts-~ tlr~ par-fiat lukittg, destnction, or loss in value. Any balance shall be paid to $orrower.
<br />In the event of a pxr•tial faking, dcslrucl:ion, or loss in value of the Property in which the fair market
<br />value of the: Properly i.nnnec.liatcly before the partial taking, destruction, or loss in value is less than the
<br />amottxtt of the Bruns secured innncdiatcly before the partial taking, destruction, or loss iu value, unless
<br />Borrower and Lcndcr rrf.l:rar-wise agree in writing, the Miscellaneouus Proceeds shall be applied to the stems
<br />secured by this 5ecr.rrity lnslrumrnl whether or not the sums ate then due.
<br />If the Properly is u.h:a.ndoned by Borrower, of il; alter notice by Lender to Borrower that the
<br />Opposing Party (as dclincc) in the next sentence) offers to make an award to settle a claim far damages,
<br />Barrowet 11-i1s fo respond to Lcndcr• within 30 days after the date the notice is given, Lender is authorized
<br />to collect and apply Lhc Miscellaneous Proccedu eil.her to restoration or repair of the Property or to the
<br />sums secured by this security Instr•unrcnt, whether or not theta due. "Opposing Patty" means the third party
<br />that owes Borrower iVliscellancous Pr•occecls of the party against wham Borrower has a right of action in
<br />regard to Miscellaneous I'roceeds-
<br />Borrowcr slr:rll he in cl~l~rr.rlt if any action or proceeding, whether civil or criminal, is begtun that, in
<br />Lender's jtrdgmcnt, could result in li~rfeiturc of the Property or other material impairment of Lender's
<br />interest in the Properly err rights corder' this Sectttiiy Instrument. Borrower can cure such a default and, if
<br />NEBRA5KA- Sinyle Family -Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />-6(NEjlosii~ Page9oF15 iniriais: Form 3028 1/01
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