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200909601
<br />As a testtlt of these agreements, Lender, any pttrchatic:r of the Note, another insurer, any teinsttrer,
<br />any other entity, or any affiliate of any of the foregoing, muy receive (directly o.r indirectly) aitlounts that
<br />derive from (or might be characterized as) a portion of 13c~rrowcr's payincnts for Mortgage Insurance, in
<br />exchange for sharing or modifying the mortgage insurer's ris.lc, or reducing losscs_ If such agreement
<br />provides that an affiliate of Lender takes a share of the insurer's rislt in exchange for a share of the
<br />premiums paid to the insurer, the arrangement is often tertneci "captive reinsurance" Further:
<br />(a) Any such agreements will not affect the an-ounts that Borrower has agreed to pay for
<br />Mortgage Insurance, ar auy other terms of the Loan. Such agrcenaents will nut increase the amount
<br />Borrower will owe for Mortgage Insurance, and they will not entitle l3r-rrowcr to any refund-
<br />(b) Any such agreements will not affect the rights Burrower has - if any -with respect to the
<br />Mortgage Insurance under the Homeowners Protection Act of 1))8 or any other law. These rights
<br />may include the right to receive certain disclosures, to request anti obtain cancellation of the
<br />Mortgage Insurance, to have the Mortgage Insurance tcr-minated automatically, and/or to receive a
<br />refund of any Mortgage Insurance premiums that were trncarned at the time of such cancellation or
<br />termination.
<br />11. Assignment of Miscellaneous Proceeds; I+orl'citnre. All. Miscellaneous Proceeds are hereby
<br />assigned to and shall be paid to Lender.
<br />If the Property is damaged, such Miscellaneous Ptoccc:ds shall. be applied to restoration or repair of
<br />the Property, if the restoration of repair is economically Feasible and Lender's sectttiiy is not lessened-
<br />Dttring such repair and restoration period, bender shall have the tight to hold such. Miscellaneous Proceeds
<br />tmtil Lender has had an opportunity to inspect such Properly to ensure the work has heert completed to
<br />Lender's satisfaction, provided that such inspection shall he underlalcen prornplly_ Lender nxay pay for the
<br />repairs and restoration. in a single disbursement or in a series of progress payn"letlts as the watlc is
<br />completed. Unless an agreement is made iu writing or Appf icable Law rewires interest to be paid ort such
<br />Miscellaneous Proceeds, Lender shall not be required to p.ry Borrower any interest or earnings on such
<br />Miscellaneous Proceeds. If the restoration or repair is not ccononnically feasible or Lender's security would
<br />be lessened, the Miscellaneous Proceeds shall be applied to the sums secured by I.his Security Instnunent,
<br />whether or not then due, with the excess, if any, paid to [3en~rower. Such. Miscellaneous Proceeds shall be
<br />applied in the order provided fox in Section 2.
<br />In the event of a total taking, destruction, or loss in value of the Properly, rite Miscellaneous
<br />Proceeds shall be applied to the sums secured by this Security Instnurteni, whether or not then due, with
<br />the excess, if any, paid to Barrower-
<br />In the event of a partial taking, destruction, of loss in value of the Property in which the fair market
<br />value of the Property immediately before the partial tatting, destnrction, or loss in value is equal to or
<br />greater than the amount of the sums secured by this Security Instn-ment 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 Iztstntment shall be reduced by the amount of ilre Miscellaneous Proceeds
<br />multiplied by the following fraction: (a) the total amount of the sums secured imrn.ediately before the
<br />partial taking, destruction, at lass in value divided by (b) the fair marizel value of the Property
<br />immediately before the partial taking, destruction, or loss in value_ Any halancc shall he paid to Borrower.
<br />In the event of a partial taking, destntctiou, or loss in value of the Property in which the fair market
<br />value of the Property immediately before the partial takinE;, destrti-ction, or loss in value is .less than the
<br />amount of the sums secured immediately before the partial la.lcing, destruction, or loss in value, unless
<br />Borrower and Lender otherwise agree in writing, the Misccll~cneous I'roceecis shall he applied to the sums
<br />secured by this Security Instrument whether or not the sums Rrre then clue.
<br />if the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the
<br />Opposing Party (as defined in the next sentence) offers to irtalce azx award to sett)c a claim far 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 rcl~air of the Property of to the
<br />stuns secured by this Security Instrument, whether or not then. due. "Opposi.ng Party" ttieuns the third party
<br />that owes Borrower Miscellaneous Proceeds or the party against whom Borrower has a tight of action in
<br />regard to Miscellaneous Proceeds.
<br />Borrower shall be in default if any action of proceeding, whether civil. or criminal, is begun that, in
<br />Lender's judgment, could result in forfeiture of the Property ctr other material impairment of Lender's
<br />interest in the Property or rights under this Security Instrr.iment. iorrower can cure such a default and, if
<br />NNW~RASKA- Single Family -Fannie Ma®/Freddie Mac UNIFORM I:~CSTRUMEhlT e~
<br />-6(NE) toat~i Page9of15 i~,it~ai5: /~QS ~ Farm 3Q28 1/01
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