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<br />As a result of these agreements, Lender, any purchaser of the Note, another insurer, a>ry reinsurer,
<br />any other entity, or any affiliate of any of the foregoing, may receive (directly or indirectty) amounts that
<br />derive from (or might be characterized as) a portion of Borrower's payments far Mortgage Insurance, in
<br />exchange for sharing or modifying the mortgage insurer's risk, or reducing losses. If such agreement
<br />provides that an affiliate of Lender takes a shave of the insurer's risk in exchange for a share of the
<br />premiums paid to the insurer, the arrangement is often termed "captive reinsurance. ° Further:
<br />(a) Any such agreements wiU not affect the amounts that Borrower has agreed to pay for
<br />Mortgage Insurance, or any other terms of the Loan. Such agreements will not inc[r~tse the amount
<br />Borrower will owe for Mortgage Irrsnrance, and ~y wilts not entitle Harrower to any rYfnnd.
<br />(h) Any slrch agreements will not a[fect the rights Borrower bas - if any -with reaped to the
<br />Mortgage Insurance under the Bomeowners A otection Act of 1998 ar any other law. These rights
<br />may include the right to recelve certain disclasmes, t4 request and obtain cancellation of the
<br />Mortgage Insurance, to have the Martg~e Ince terminated aantomatically, and/or to reeve a
<br />refulnd of any Mortgage Insnrance preminms that were un~rrned at the time of soh ~latiorr or
<br />termination.
<br />11. Assignment of MisceQaneous Proceeds; Forfcdture. All Miscellaneous Proceeds are hereby
<br />assigned to std shall be paid to Lender.
<br />Tf the Property is damaged, such Miscellaneous Proceeds shall be applied W resWration or repair of
<br />the Property, if the restoration, or repairrs economically feasible and Lender's security is not lessened.
<br />luring 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 ~ promptly. Lender may pay far the
<br />repairs std restoration in a single disburseuLent 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, I.ettder shall Trot be required to pay Borrower arty interest or earnings on such
<br />Miscellaneous Proceeds. If the restoration nr repair is not economically feasible or Lender's security would
<br />be lessened, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instruruertt,
<br />whether or 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 Z.
<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, if any, paid to Borrower.
<br />In the event of a partial taking, destruction, or ices in valne of the Prsoperty in which the fair market
<br />value of the Property immediately before the partial taking, destruction, or loss itt 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 Insavrmcnt 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 vahre of the Property
<br />itntriediately before ~e 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 tbe Property immediately before the partial taking, destruction, or loss in value is less than the
<br />amount of the sums secured immediately before the partial taking, destruction, or loss in value, unless
<br />Borrower std Lender otherwise agree in writing, the Miscellaneous Proceeds shall be applied to the sums
<br />secured by this Security Instrument whether of not the sums are them due.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the
<br />Opposing Party (as defuxed in the next sentence) offers to make an 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 W the
<br />sums secured by tluis Security Inswment, whether ar not then due. "opp~irg Party" rrieans 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 in default if any action or proceeding, whether civil or criminal, is begun that, in
<br />Lender's judgment, could result in forfeiture of the Property or other material im~irment of Lender's
<br />interest in the Property or right`s under this Security Iostnurruent. Borrower 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 />NEBRASKA -Single FemilY - ~~ ~ Mst: UNIFORM INSTRUMIEii!'1' W17F1 M /,/
<br />~~AINE) roatal Page s at t s ~ry~s:~ ~ Form 3D28 1/D1
<br />~I I~~II~~~t~~~S~I~~II~I~~ I,
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