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~OU~U9447
<br />As a result of these agreements, Lander, any purchaser of the Note, another insurer, any reinsurer,
<br />any other entity, or any afftliate of any of the foregoing, tray receive ('dtrectly or indirectly) amounts that
<br />derive from (or might be characterizc;d as) a pardon of Borrower's payments for Mortgage Insurance;, in
<br />exchange for sharing or modifying the mortgage insurer's risk, o.r redu.cing losses. If such agreemenC
<br />provides that an affiliate of Lender takes a share of the insurer's risk in exchange for a share of the
<br />pretniu.ms paid to the insurer, the arrangement is often termed "captive reinsurance." Further:
<br />(a) Any such agreements will not affect the amounts that Borrower has agreed to pay for
<br />Mortgage .Insurance, or any other terms of the Iaaatc. Such agreements will not increase the amount
<br />Borrower will owe for Mortgage Insurance, and they will Hat entitle Harrower to any refund.
<br />(b) Any such agreements will not affect the rtghts Borrower has - if any -with respect to the
<br />Mortgage Insurance under the Homeowners Protection Act pf 1998 ar any other law. 'Chest rights
<br />may include the right to receive certain disclosures, tp request and attain cancellatfpn of the
<br />Mortgage Insurance, to have the Mortgage Insurance terminated automatically, and/or to receive a
<br />refund of any Mortgage Insurance prc~niums that were unearned at the time of such cancellation or
<br />termination.
<br />11. Assignment of Miscellaneous .Proceeds; Forfeiture. All Miscellanexus Proceeds are hereby
<br />assigned to and shall be ppaid co Lender. .
<br />If the Property .is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of
<br />the Property, if the restoration or repair is economically feasible and Lender's s~urity is not lessened.
<br />During such repair and restoration period, Lender shall have the right co hold such Miscellaneous Proceeds
<br />until Lender has had aii opportunity to insp<xrt such Property to ensure the work has been completed to
<br />Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may pay for the
<br />repairs and restoration in a single disbursement or in a series of progress payments as the work is
<br />completed. L7nless aft agreement is made in writing or Applicable Law requires interest to be paid on such
<br />Miscellaneous Proceeds, Lender shall not be requirui to pay .Borrower any .interest or earnings on such
<br />Miscellaneous Proceeds. if the restoration or repair is not economically feasible or Lender's security would
<br />be lessened, the Miscellaneous Proceeds shall be applied w the stmis secured by this Security Instrument,
<br />whether o.r 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, destruction, or loss 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,tf any, paid to Borrower.
<br />In the event of a partial taking, destruction, or loss in value of the Property in which the fair txtarket
<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 rcxfuced by the amount of the Miscellaneous Proceeds
<br />multiplied by the fallowing fraction: (a) the total amount of the sums securc~l immediately befare the
<br />partial taking, destruction, or loss in value divided by (b) the fair market value of the Property
<br />itrunediately before the partial taking, destruction, or loss in value. An balance shall be paid to borrower.
<br />In the event of a partial taking, destruction, or loss in 'value of the Property in whtch the fair market.
<br />value of the Property immediately before the partial taking, destruction, or loss in value is less than the
<br />amount of the sums scxurcxf itmmediately before the partial taking, destruction, or loss in value, unless
<br />Borrower and Lender otherwise agree in writing, the Miscellaneous Proceeds shall be applied to the sums
<br />secured by this Scc:uricy Instrument whether or not the sums are thin due:..
<br />If the Property is abandoned by Bo.rrowcr, or if, after native by Lender to .Borrower shat the
<br />Oppas.ing Party (as defined in the next sentence) offers to make an award to settle a claim fo.r datnagcs,
<br />Borrower fails to respond to Lender within 30 days after the date the Halite is given, Lender is authori~.ed
<br />to collect anti apply the Miscellaneous Proceeds either to restoration or repair of the Property or to the
<br />sums sccurcxi by this Security Instrument, whether or not then due. "Opposing Party" means the third party
<br />chat owes Harrower Miscellaneous Proceeds or the party against whom Borrower has a right of action in
<br />regard to Miscellaneous Proceeds.
<br />Borrower shall be .in default if any action nr proceeding, whether civil or criminal, 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. Horrower can cure such a default and, if
<br />acceleration has occurred, reinstate as provided in Section 19, by causing the action or proceeding to be
<br />$$00745200 $$00745200
<br />NEBRASKA -Single Family -Fannie MaelFreddie Mac UNIFORM INSTRUMENT WITM M RS
<br />-6A(NE) loe~oe Page 9 of 15 enneais: ~ -- Form 31128 1/ll1
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