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2oioois~4 vl vrscv z,o~ Ik soasa641B risk in exchange for a share of the premiums paid to the insurer, the arrangement is oaten termed "captive reinsurance." Further: (a} Any sash agraemerats will not affect tha amourrts that Borrower has agreed to pay for Mortgage Inaurantre, or any ether farms of ate loan. Such agroements will not Increase the amount Borrower will awe for Mortgage Insurance, snd may will not entitte Borrower to any refut>ut. (b) Any such agreatnarrts wMt not affect iha rights Barrorw- has - if any - with respect to ifw Mortgage Insurance under tfaa F~maowtwra prntradon Ant of 1998 or any tsMta~ few. These dgfrta may fntfude the right fa raceiva certain ttisclosuraa, to ragtwlst and obtain canceflatlon of tfw Mortgage Insurance, to have the Mortgage Insurance tennlnated autamattcally, and/or to rsoslve a refund of any Mortgage Insurance premiums that wars unearned at the thrre of such canceflatlon or termination. 11. Assignment of Miscellaneous Proceada; Fortefturo. All Miscellaneous Proceeds are hereby assigned to and shall be paid to Lander. H the Property is damaged, such Misceganeous Proceeds shall be applied to restoration or repair of the Property, H the restoration to repair is economicagy feasible snd Lender's security is not lessened. During such repair and restoration period, Lender shall have the right to hokf such Miscellaneous Proceeds until gender has had an opportunity to inspect such Property to ensure the work has been completed to Lender's satiefactior-, provided that such inspection shall be undertaken promptly. Lender may pay for the repairs and restoration fn a single disbursement ar in a series of progress payments sa fhework is completed. Unless an agreement is made in writing or Applicable Law requires interest to be p~ vn such Mls~ i'racaads, Lender shag not by required to pay Harrower any interest or earnings on such Miscellaneous Proceeds. if the restoration or repair is not economically leasable or Lender's security would be lessened, the Misceganeous Proceeds shag be appled to the sums secured by this Security Instrument, whether yr not then due, with the excess, i} any, paid to Borrower. Such Miscellaneous Proceeds shall be appgeci in the order provided far in Section 2. In the event of a fatal felting, destruction, or kris in value of the Property, the Miscellaneous Proceeds shag foe applied to the sums secured by this Security Instrument, whether or not then due, with the excess, 'rf any, paid to Borrower. In the event of a partaltaking, destruction, or loss in value of the Property in which the fair market value oTthe Property immediately before the partial taking, destruction, or lass In value is equal to or greater than the amount of the sums secured by this Security Instrument immediately before the partial taking, destruction, or hoes in value, unless Borrower and Lender otherwise agree in writing, the sums secured by this Security instrument shag be reduced by the amount of the Miscellaneous Proceeds multiplied by the fogowing tracticn: {a) the total amount oithe sums secured immediately before the partial taking, destruction, or lass in value divided by (b) the fair market value of the Property immediately before the partial taking, destruction, or loss in value. Any balance shall be paid tv Borrower, In the event of a partial taking, destructor, or loss in value ofthe Property inwhich the fa'u maritetvalue of the Property immediately before the partial taking, destruction, or Ices in value is less than the amount of the sums secured immediately before the partial taking, destruction, or loss in value, unless Harrower and Leader otherwise agree in writing, the Miscellaneous Praceeda shalt be applied to the sums secured by this Security Instrument whether or not the sums are then due. Hthe Property is abandoned by Horrower, or if, after mace by Lender to Borrower that the Apposing Party (as defined in the next. sentence) offers to make an award to Bettie a claim for damages, Borrower fags to respond ~ Lender within 30 days after the date the notice is given, Lender is authorized to collect and apply the Miscellaneous Prot~eds either to restoraton ar repair of the Property yr to the sums secured by this Security Instrument, whether or net then due. "ppposing Party.' means the third patty that awes Borrower Miscellaneous Proceeds ar the party against whom Borrower has a right of action in regard to Miscegatleous Prntxaeds. Borrower shall be in defaultrfany action or proceeding, whether civil or criminal, is begun that, in Lender's judgment, could result in forfeiture of the Property or other material impairment of Lender's interest in the Property tar rights under this Security instrument, Harrower can cure such a defauR and, if acceleration has occurred, reinstate as provided in Section 19, by causing the action or proceeding to be dismissed with a ruling that, in Lender's Judgment, precludes forfeiture of the Property or other material impairment of Lender's interest in the Property or rights under this Security Instrument. The proceeds of any award or claim for damages that are attributable tv the Impairment vt lender's interest in the Property are hereby assigned and shell be paid to Lender. All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be applied In the order provided for in Section 2. 12. Borrower Nat faeteased; Forbearance By Lender Not a Waiver. Eadenslon of the time fat payment ar modification of amortization of the sums secured by this Security Instrument granted by lender to Horrawer ar any Successor in interest of Borrower shall not operate to release the liability of Horrpwer ar any Successors in Interest ci Horrower- Lender shall not be required tv corrunenca proceedings against any Successor in Interest of harrower ar to refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the original Horrower or any Successors in Interest of Borrower. Any forbearance by Lander in exercising any right or remedy includ'mg, without Ihtaitation, Lender's acceptance of payments from third persons, entities tar Successors in Interest of Harrower or in amounts less than the amount then due, shall not be a waiver of ar preclude the eaoerttiae of any right ar remedy. 13. Joint and Savaraf Lfabilfly; Co-stgnera; Succaasara and Assigns Bound. Harrower covenants and agrees that Borrower's obligations and liablity shag be joint and several. However, any Borrower who co-signs this Security Instrument but does not execute the Note (a "cc-signer': {a) is co-signing this Security Instrument only to mortgage, grant and conveythe co-signer's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that lender and any other i3arrawer can agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Nvte without the co-signer's consent. Subject to the provisions of Section 1 ti, any Successor in Interest of Borrower who assumes Borrower's obligations under this Security Instrument in writing, and is approved by Lender, shall obtain all of Borrower's rights and benefits under this Security Instrument. Borrower shall not be released ham Harrvwer's obligations and liability under this Security Instrument unless Lander agrees to such release in writing. The covenants and agreements of this Security Instrument shall bind (except as provided in Section 2D) and benefit the sut:cassors and assign: of Lender. NEBRASKA-Single FemNy-Fannlo Mlav/Fraddp Mac UIpPpRM Ir~TRW1A~HT Fa'm 30267/0'1 lnitiulstr ~,-~ ® 1896-24p~ Online Dacumer~te, Inc. Page 6 Of 9 NEEDEED 0705 03-09-2010 9:39