|
2oosog5oo
<br />reinsures,
<br />As a result of these agreements, Lender. any purchaser of the Note, another insurer, any
<br />affiliate of any of the foregoing, may receive (directly or indirectly) amounts that
<br />any other entity, or any onion of Borrower's payments for Mortgage Insurance, in
<br />derive from (or might be characterized as) a p a e insurer's risk, or reducing losses. if such agreement
<br />e for a share of the
<br />exchange for sharing or modifying the mortg g tive reinsurance." Further:
<br />provides that an affiliate of Lender t~ment is often termeds cap s risk in exchang to a for
<br />premiums paid to the insurer, the arrang
<br />(a) Any such agreements er tenons of the Loan. Su h agreemBeonts Fill not in c~~ the amount
<br />Mortgage Insurance, ar any oth refund.
<br />Borrower will owe aor~~ n~ ~~~ot a~lt~ h~~~gwill not entitle Borrower o any
<br />hts Borrower has - if any -with respect to the
<br />(b) Any such g
<br />g e Insurance under the Homeo a nrs Protection Act of 1998 or any other law. These rtg
<br />Mort ag disclosures, to request and obtain cancellation of the
<br />may include the right to receive cent
<br />Mortgage Insurance, to have the Mortg `u that wereeunearned at the tim 1°f~ uch/canrella ion or
<br />refund of any Mortgage Insurance prem
<br />termination. Forfeiture. All Miscellaneo~ Proceeds are. hereby
<br />11. Assignment of Miscellaneous Proceeds; lied to restoration or repair of
<br />assigned to and shall be paid to Lender.
<br />If the Property is damaged, such Miscellaneous Proceeds shall be app
<br />pro erty, if the restoration or repair is econo h 11 haveethe r ght to hold such Miscellaneous Proceeds
<br />the p leted to
<br />During such repair and restoroati~pyriod, ender tl bender may pay for the
<br />until Lender has had an opp to ins ect such Property to ensure the work has been comp
<br />Lender's satisfaction, provided that such inspection shall be undertaken promp Y•a meats as the work is
<br />repairs and restoration in a single disbursement ox in a series of progress P son such
<br />licable Law requires interest to be paid on such
<br />completed. Unless an agreement is made in writing or App Borrower any interest or earning
<br />Miscellaneous Proceeds, Lender shall not be requtred to pay this Security Instrument,
<br />Miscellaneous Proceeds• if the restoration or 1 be a lslned to°he sucrns secu ed byr finder's ~s $hail be
<br />be lessened, the Miscellaneous Proceeds shal aid to Borrower. Such Miscellaneous Pro
<br />whether or not then due, with the excess, if any, p
<br />applied in the order provided for in Section 2.
<br />In the event of a total taking, destruction, or loss in value of the Property, the Miscellaneous
<br />lied to the sums secured by this Security Instrument, whether or not then due, wtth
<br />proceeds shall be app
<br />the excess, if any, patd to Borrower.
<br />In the event of a parttal taking, destruction artia otaking ~hestr uc ions oreloss nn valuetlis equ o
<br />this Security Instrument immediately before the art
<br />value of the Property tmtnediately before the p
<br />greater than the amount of the sums secured by
<br />taking, destruction, or loss in valun~ unless Borrower and Lender otherwise agree in wrttmg,
<br />shall be reduced by the amount of the Miscellaneous Proceeds
<br />secures by this Security Instrume dxe total amount of the sums secured immediately before the
<br />multiplied by the following fraction: (a) b the fair market value of the Property
<br />partial taking, destruction, or loss in value divided by () balance shall be aid to Borrower.
<br />immediately before the partial taking, destruction, or lass in value. Any
<br />destruction, or loss in value of the Property to whch the fair market
<br />In the event of a partial taking>
<br />iatel before the partial taking, destructaeStruction, or lossein valuehunless
<br />value of the Property immed' y
<br />amount of the sums secured immediately before the partial taking,
<br />Borrower and Lender otherwise agree in w or nottthe sums crane hen dues shall be app~pWe thhat the
<br />secured by this Security Instrument whethBo~ower, or if, after notice by Lender to Bo
<br />If the Property is abandoned by iven, Lender is authorized
<br />posing Party (as defined in the next in 30 da s after the da a the notice is g the a claim for amages,
<br />Borrower fails to respond to Lender wrth Y ~ means the third party
<br />to collect and apply the Miscellaneous Proceeds either to restoration o o re g Pao y the Property or tot e
<br />sums secured bYw r M cel y~llnstrument, whether or not then due. "OpP
<br />eous Proceeds or the party against whom Borrower has a right of action in
<br />that owes Borro
<br />regard to Miscellaneous Proceeds. action or proceeding, 'Whether civil or criminal, is begun that, to
<br />Borrower shall be in default if any
<br />Lender's judgment, could result in forfeiture ur ~hel pro ntoSot~rower~can use such a default~and,rif
<br />interest in the Property or rights under this Sec Y
<br />~nida~s: Porm 3028 1/07
<br />NEBRASKA -Single Family -Frannie Mae/Freddie Mac P ee 9QRM INSTRUMEN
<br />-61NE) lost ti
<br />
|