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2010U4510
<br />As a result of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer,
<br />any other entity, or any affiliate of any of the foregoing, may receive (directly or indireclely) an~unts that
<br />derive Pram (or might be characterized as) a portion of Borrower's payments for 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 Leraler takes a share of the insurer's risk in exchange for a share of the
<br />premiums paid W the insurer, the arrangement is ofUen termed "captive reiu~rx-auce-" Further:
<br />(a) Any snt,.h agreements w<ll not affect the amounts that Borrower has agreed to pay for
<br />Mortgage Insurance, or any other term of the Loan. Such agreements will not increa.Re the amount
<br />Borrower will owe for Mortgage Insurance, and they will ~t entitle Burrower to any refund.
<br />(b) Any such agr~nents will not affect the rights Borrower lass - if any - wz•th respect to the
<br />Mortgage Insurance under the Homeowners Prnteckioa Act of 1998 or any other law. These righ>rs
<br />may include the right to receive certain disclosures, to request and obtain cancellation of the
<br />Mortgage L~surance, to have the Mortgage Insurance ternuaated automatically, and/or to receive a
<br />refund of any Mortgage Insurance premiums that were unearned at the time of such cancellation or
<br />termination.
<br />11. Assignutent of Miscellaneous Froceecls; forfeiture. All Miscellaneous Proceeds are hereby
<br />assigned to and shall be paid to 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 security is not lessened.
<br />Ihuing 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 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. Unless an agreement is made in writing or Applicable I.,aw requires interest to be paid on such
<br />Miscellaneous Proceeds, Lender shall not be required to pay Borrower any interest or earnings on such
<br />Miscellaneous Proceeds. if the restoration or repair is not ewnomically feasible or Lender's security would
<br />be lessened, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument,
<br />whether or not then due, with the excess, if any, paid to $orrower. Such Miscellaneous Proceeds shall be
<br />applied in the order provided for in Section 2.
<br />]n 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 loss in value of the Property in which the fair market
<br />value of the Property immediately before the partial taking, destruction, or loss 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 reduced by the amount of the Miscellaneous Proceeds
<br />multiplied by the following fraction: (a) the total amount of the sums secured immmediately before the
<br />partial taking, destruction, or lass in value divided by (b) the fair market value of the Property
<br />immediately before the partial taking, destruction, or loss in value. Any balance shall be paid to Borrower.
<br />In the event of a partial taking, destruction, or lass in value taf the Property in which the fair market
<br />value of the Property immediately before the partial taking, destruction, or lass in value is less than the
<br />amount of the scans secured immediately before the partial leaking, 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 Security Instrument whether or not the sums are then due.
<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 make an award to settle a claim for damages,
<br />Borrower fails to respond to Lender within 30 days after the date the entice is given, Lender is authorized
<br />to collect and apply the Miscellaneous Proceeds either to restoration or repair of the Property nr to the
<br />sums secured by this Security Instrument, wbether ar not then due. "Opposing Party" means the third party
<br />that owes Borrower Miscellaneous Proceeds nr the party against whom Borrower has a right of action in
<br />regard to Miscellaneous Proceeds.
<br />Borrower shall be in default if arty action or proceeding, whether civil or criminal, is begun chat, in
<br />Lender's judgment, could result in forfeiture ,vf the Property or other material impairment of Lender's
<br />interest in the Property or rights under this Security Instnuncnt. 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 Family - Fannia Mae/Froddits Mee UNIFORM INSTRUMENT WITH
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