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2~100544G
<br />As a result of these agreements, I.cndcr, any purchaser of the Note, another insurer, any reinsurer,
<br />any other entity, ar any affiliate of any of the foregoing, may receive (directly or indirectly) amounts that
<br />derive from (or might be characterized as) a portion of borrower's payments for Mortgage Insurance, in
<br />exchange far sharing or modifying the mortgage insurer's risk, or reducing losses. If such agreement
<br />provides that an affiliate of Iaetxder takes a share 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.'" Purlher:
<br />(a) Any Such agreement`s will tYOt affect the amounts that Borrower has agreed to pay for
<br />Mortgage Insurance, or any other terms of the Loan. Such agree3ments will not increase the amount
<br />Harrower will owe for Mortgage Insurance, and they will not entitle Borrower to any refund.
<br />(b) Any such agreements will not affect the rights Borrower has - if any -with respect to the
<br />Mortgage Insurance under the Hameowrxers I'rutectian Act of 1998 or any other law: These rights
<br />may include the right to receive certain disclosures, to request and obtain cancellation of the
<br />Mortgage Insurance, to have tlye 'Mortgage lyxsurarxce terminated automatically, and/or to receive a
<br />refund of any Mortgage Insurance. premiwns that were unearned at the time of such cancellation or
<br />termination.
<br />11. Assignment of Miscellaneous Proceeds; F'url'eii.ure. All Miscellaneous Proceeds are hereby
<br />assigned in and shall be paid. to l_,ender.
<br />If the Property is danxaged, such Misce:llancnus 1'racecds shall be applied to restoration or repair of
<br />the 1'raperty, if the restoration ar repair is economically feasible and Lender's security is not lessened.
<br />During such repair and restoration pe;rrud, Lender shall have the right to hold such Miscellaneous Proceeds
<br />until Lender leas had an opportunity to inspect such Property in ensure llie work has been completed to
<br />Lender's satisfaction, provided that such inspection shall be undertaken pronxptly. Lander may pay for the
<br />repairs and restoration in a single disbursement ar in a series of progress payments as the work is
<br />completed. LJriless an agreement is made in writing or Applicable Law requires interest to be paid an such
<br />Miscellaneous Proceeds, Lender shall not he required to pay Banrawcr any interest ar earnings on such
<br />Miscellaneous Proceeds. If the restoration or repair is riot economically feasible or Lender's security would
<br />be lessened, the Miscellartenus Proceeds shall be applied. to the sums secured by this Security Instrument,
<br />whether or not therx due, with the excess, i1' any, paid in harrower. Such Miscellaneous Proceeds shall be
<br />applied in the order provided for in Section 2.
<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 loss in value of the Property in which the fair market
<br />value of the Property immediately bcl'ore the: partial taking, destruction, ur loss in value is equal to ar
<br />greater than the anxount of the sums secured by this Security Iristrvmertt immediately before the partial
<br />taking, destruction, or loss in value, unless burrower and l.,cnder otherwise agree in writing, the sums
<br />secured by this Security Instrument shall be reduced by the amount of the Miscellaneous Proceeds
<br />axaulkiplied by the fallowing fraction: (a) the total amount of the sums secured immediately 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, ar 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 the I'rapurly immediately before; llrc partial taking, destruction, or loss in value is less than the
<br />amount at' tlxc sums secured itmediately before the partial taking, destruction, or loss irr value, unless
<br />Borrower acrd Leader otherwise agree in writing,. the Miscellaneous Proceeds shall be applied to the sums
<br />secured by [his Security lnslrunxcnt whether or naL the sunxs arc ilicn duo.
<br />If the Property is abandoned by borrower, ar it, a1'le:r notice by Lender to Harrower that the
<br />Opposing Party (as defined ire the next scnterrce) offers to make an award to settle a claim for damages,
<br />Borrower fails to respond to Lender within 3U 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 to the
<br />sunxs secured by this Security Irrstrunxertt, wlxetlxer or not Chen due. "Opposing Party" means the third party
<br />tlxat owes Harrower Miscellaneous Proceeds ar the party against wham Bcarrawer has a .right of action in
<br />regard to Misccllanuxus l'rncecds.
<br />Borrower shall be in default if any action or proceeding, whether civil or criminal, is begun that, in
<br />I.,errder's judgment, could result in forfeiture of the Property or other material impairrixent of Lender's
<br />interest in the Property ur rights under Lllls Security Instrument. Borrower can cure such a default and, if
<br />NEBRASKA -Single Family -Fannie MaelFraddie Mac UNIF~FiM INSTRUMENT
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