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aoroo3sss
<br />As a result of tl)LStr apareements, Lander, any purchaser of the Note, another insztrer, any rcinsurer,
<br />any other entity, t.-.r a,ny affiliate of any of the forgoing, may receive (directly or indirectly) amounts that
<br />derive Frain (nr n),ii~hl be characterized as) a portion of T3orrowcr's payrncrlts for Mortgage Insurance, in
<br />excharrgc for shsu•ing or lnvdifyi.(~g the tnwtigagc insurer's risk, or reduetng lasses. If such a$rcement
<br />pmvidcs that sin sll'liliate wf Lcndar takes a share of the }nsztrer's risk in exchanl;e for a shots of the
<br />premiums paid to the: insurer, the artangament is often tarmecl "captive reinsurance." Further:
<br />(a) Any suc.tl agrcemcl)ts will not affect the amounts that Borrower has agreed to pay far
<br />Mnrtl;all;e Insurance, or any other terms of the Loan. Sack agreements will not increase the amount
<br />Borrower will owe I'or Mortgulc Insurance, and they will oat entitle Borrower to any refund.
<br />(I)) Any xuch agrecttxentrr will oat affect the rights Harrower has - if any -with respect to the
<br />1Vlortt;at;c In.rnrancc under the IIumeowners Protection Act of 1998 or any other law. These rights
<br />may include. eht•. right to receive certain disclosures, to request and obtain cancellation oT the
<br />Mortgage Intiurancc:, to have the Mortgage 1lnsarance terminated aatamatically, and/or tt- receive a
<br />rct'und o1' at7y Mortgage Insurance premiums that ware unearned at the time of such cancellation or
<br />tcrmitlation.
<br />ll. Asai;nrnrtlt of Misccllaneoas Procccds; )Fnrl'eiture. All Miscellaneous Procccds are hereby
<br />assigned to and shall hu pstid la Londcr.
<br />ll' the 1'rol)~.rty is c}aniagecl, such Miscellaneous Proceeds bha11 ba applied to xeslc-rativn ox repair of
<br />I,he Pruper.ly, il' Ibe resf(.-rutinn c-r repair is ecnnnlnlcully feasible and Candor's secur-ty 1s not lessrnod.
<br />Drlring such. rcl,:air ;,lief restoration period, Lc>adcr shall have the right to held Such Miscellaneous Procccds
<br />until T..crlclur li:i>: hxcl ar) nl)pnl'tt1171ty tw 1118paGt SL1Gl) Property to cnsia'c flit work has barn completed to
<br />Lender's tiuf.itiiilt:iitlll, provided that such inspection shall be undertaken promptly. Lcndcr may pay for the
<br />repairs slut res(ursrliotl in a sinl;lc disbtlrsemcnt or in a series wf progress payments as the work is
<br />colnpleled. lJnicss ern agrcclnent is made in writing wr Applicable Law requires interest to be paid on such
<br />Misecll.a.rzartls Pr<rccccls, Lcndcr shall not he required tv pay Borrower any interest or carvings an such
<br />Misccllancoiis I'rt-ceccls. li' rho restoration ar repair ig oat cconoztlically feasible ax Lender's scr;urity would
<br />be lesr;cned, I.hu Misecllancous Procccds she}1 be applied to the atttns secured by this Security Instrument,
<br />whether nr not then eiuc, with the excess, if any, paid to ,13orrowcr. Such Miscellaneous I'rocecds shall be
<br />applied in the nrclcr provided fmr in Scctialz 2.
<br />Izt the e;vrni c.-.l ~ fatal taking, dastructivn, wr loss in value of the Property, the Miscellaneous
<br />Prucceds shall I)t• a.pplied to t;h.e sulns7 saeutecl by this Security Instrument, whether or not then Burr, with
<br />the excess, ifany, I).(icl ic) l3orrr-wcr.
<br />!n the even) n!' a lutrtitll taking, destruction, wr lass in value of the Property in which the fair market
<br />value ul' the .I'rnpcrty i.t>,)mediately before the partial taking, dcstrtictinn, or loss in value is ecllaal to ur
<br />gzcater than the srmwunt of lho sums secured by this Security ltzstrument immediately before the partial
<br />taking, (iestrl.icti(ui, ur .twee i>;1 value, u>aless $orrower and Lcndcr otherwise agree in writing, the I~utnrr
<br />secured by tl)ir; Security Insfnuncnt shall be reduced by the amount of the Misoellancaus Procccds
<br />mtlltiplic;d by Itl.e. falluwittg fraction: (a) the fatal al)lount of the earns sec>.u'ed immediately before the
<br />partial lalcillg, dcsfructiwu, nr twee in value divided by (b) the fait market value of the Property
<br />immediately heli)re the partial taking, destruction, ar loss in value. An balance shall be paid to $orrower.
<br />Iz). the event of a partial rafting, destruction, or lass in value of the Property in which, the fair market
<br />ValuC nt t}1C I'rulic;rty immediately laefore the partial taking, dcstntction, ar loss in value is less than the
<br />amount of lh(; runts secured immediately before the partial taking, dastniction, or loss in value, unless
<br />Bvrtwwer an.(.l I...el7der alhclwise agree in writing, the Miscellttneaus Proceeds shall be applied to Lhe sums
<br />Rccurcd by this `i(.'el.lrll'.y }raytrll.zl.7e114 WhalhGr at nwf tllc Rllttzs Are then due.
<br />[!' the Pr<~I~crly iti abun(Inned by BorroWar, nr if, after notice by Lcndcr to I3nrroWCr that the
<br />Opposing 1'art~~ i.;l:< tlclinGd in Iht: next sgnlencc) uFlcrs to make an award tw settle a claim for damages,
<br />Borruw(:.r lirilti Itr respolui t() Lcndcr within 3Q days; after the date the no#icc is givou, Lcndcr is authorized
<br />tw cu}leer anti tspl)iy the Miscclluncous Proceeds; ailher to restoration or repair of rho 1'raperty ax to the
<br />sums securc;d by Ibis Security lrtstrumcnt, whether ar not than dec. "Uppoaing Party" mesas the third party
<br />that owes .l3orruwur Miscellaneous Proceeds wr the party against whom $wztawct has a right of action in
<br />regard Ic- lvtiscull.tnt:ous 1'rocecds.
<br />13nrrower shall be in dcF~tulf. iF any action or 1)rocccding, whether civil or criminal, is begun that, in
<br />Lander';; .judgment, could result in Forfeiture of the Property wr ether material impairment of Lcndcr's
<br />intprast i1i lh.c 1'ropcr•ty ar right's under ibis Security Instrument, Bortwwcr earl cure such a default and, if
<br />NEBRASKA Sinellc ramlly -Fannie Mae/Freddle Mgt UNIFORM INSTRUMENT
<br />~.g1NEl (UH111 Pnpq p or 1S Ininai8: ~ ' J • Farm 5028 1/01
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