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<br />As a result of these agreements, Lauder, any purchaser of the Note, another insurer, any reinsurer,
<br />any other entity, or any affiliate of any of the foregoing, may receive {directly or indirectly) amounts that
<br />derive from (or might be characterized as) a portion al' Borrower's payments for Mortgage Insurance, in
<br />exchange for sharing or modifying the mortgage titsurer's risk, or reducing losses. If such agreement
<br />provides that an affiliate of Lender takes a share of the insurer's risk in exchan a for a share of the
<br />premiums paid to the insurer, the arrangement is often termed "captive reinsurance."~urther:
<br />(a) Any such agrearaents will not affect the ainounta drat Barrawer has agreed to pay for
<br />Mortgage Insurance, ar any other terms of the Loan. Such agreements will oat itiareaae rho amount
<br />Borrower will owe for Mortgage Insurance, and they will not entitle Borrower to anx refund.
<br />{b) Any such agreexnonts will not affect the rights Borrower has - if any -with respect to the
<br />Mortgage Insurance under the Hommowners Protection Act of 1998 or any other law. These rights
<br />mtay include the right to receive certain disGlaaLlCest to request and obtain cancellation of the
<br />Mortgage Insurance, to have the Mortgage Insuranoe terminated automatically, and/or to receive a
<br />refund of say Mortgage Insurance premiums that were unearned at the time of such cancellation or
<br />termination.
<br />li. Assignment of Miscellaneous PrnGeeds, Forfeiture. All Miscellaneous Proceeds are hereby
<br />assigned to and shall be paid to Lender,
<br />I.f the Property is damaged, such Miscellaneous Proceeds shall be applied to restoration ar repair of
<br />the Property, if the restoration ar repair i$ economically feasible and Lender's security is not lessened.
<br />During such repair and restoration period, Lender shall have the right to hold such Miscellaneous Proceeds
<br />until Lender has had an opportunity to inspect such Property to ensure the work has been completed to
<br />Lender's satisfaction, provided that such inspection shall be undertaken promptly. Leader may pay for the
<br />repairs and restoration itt a single disbursement or in a series of progress payments as the work is
<br />completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such
<br />Miscellaneous Proceeds. Lender shall not be required to pay Borrower any interest yr earnings on such
<br />Miscellaneous Proceeds. If the restoration or reppair is not economically feasible or Lender's security would
<br />be lessened, the Miscellaneous Proceeds steal] be applied to the sums secured by this Security Instrtuuent,
<br />whether nr not then due, with the excess, if any, paid to Borrower. Such Miscellaneous Proceeds shall be
<br />applied in the order provided For in Section 2.
<br />In the event of a total taking, destructiau, or toss in value of the Property, the Miscellaneous
<br />Proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with
<br />the excess, if any, paid to Borrower.
<br />In the event of a partial taking, destruction, or loss in value of the Property in which the fair market
<br />value of the Property immediately before the partial taking, destruction, or lass in value is equal to or
<br />greater than the amount of the sums secured by this Security Instrument immediately before the partial
<br />taking, destruction, or loss in value, unless Borrower and Lender otherwise agree in writing, the sums
<br />secured by this Security Instrument shall be reduced by the amount of the Miscellaneous Proceeds
<br />multiplied by the following fraction: (a) the total amount of the sums secured immediately before the
<br />partial taking, destruction, or loss in value divided by (b) the fair market value of the Property
<br />immediately before the partial taking, destruction, or loss in value. Any balance shall be paid to Borrower.
<br />In the event of a partial taking, destruction, or loss in 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 before the partial taking, destructlan, ar loss in value, uNess
<br />Borrower and Lender otherwise agree in writing, the Miscellaneous Proceeds shall be applied to the sums
<br />secured by this Security Instrument whether or not the sums are then due.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the
<br />apposing Party {as defined in the next sentence) offers to make au award to settle a claim for damages,
<br />Borrower fails to respond to Lender within 30 days after the date the notice is given, Lender is authorized
<br />to collect and apply the Miscellaneous Proceeds either to restoration or repair of the Property or to the
<br />sums secured by this Security Instrument, whether or not then due. "Opposing Party" means the third party
<br />that owes Borrower Miscellaneous Proceeds or the party against whom Borrower has a right of action in
<br />regard to Miscellaneous Proceeds.
<br />Borrower shall be to default if any action or proceeding, whether civil or ariminat, is begun that, in
<br />Lender's judgment, could result in forfeiture of the Property or other material impairment of Lender's
<br />interest in the Property or rights under this Security Instrument. Borrower can cure such a default and, if
<br />acceleration has occurred, reinstate as provided in Section X9, by causing the action or roceedin to 6e
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<br />NEBRASKA -Single Family - Fannie MaefFreddie Mac UNIFQ>2M INSTRUMFN7 VVI 6~S
<br />-BA(Nq (ascot Pegg g OT 15 imuais ~~ Form 3Q2$ 1/Q1
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