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20100738fi
<br />As a result of these agreernents, Lender, any purchaser of the Note, another inswrer, any reinsurer,
<br />any ocher entity, ox 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 for sharing or madifying the mortgage insurer's risk, or reducing losses. If such agreement
<br />provides that an affiliate of Lender takes a share of the insurer's risk in exchange for a share of the
<br />premi.wns paid ta the insurer, the arrangement is often termed "captive reinsurance." Further:
<br />(a) Any sach agreements will not affect the amounts that Barrower has agrced to pay for
<br />Mortgage Insurance, or any other terms of the Loan. Such agreements will not increase the amount
<br />Borrower will owe for Mortgage Insurance and the� will not entitle Borrower to �ny refund.
<br />(b) Any such agreements will not at�ect the r�ghts Barrower has - if any - with respect to the
<br />Mortgage Insurance under the Homeowners Frotection Act of 1998 or any other law. These rights
<br />may include the right to receive certain disclosures, to reymest and abtain cancellation of the
<br />Mortgage Insurance, to have the Mo�t Insurance terminated automatically, and/or to receive a
<br />refund of any Mortgage Insurance premiums that were unearned at the time ot' sach cancellation or
<br />termination.
<br />11. Assignment of Miscellaneous Proceeds; Fprfeiture. All Miscellaneous Fraceeds aze hereby
<br />assignad to and shall be paid to Lender.
<br />If the Property is damaged, such Miscellaneous Procceds shatl be applied ta restoration or repair of
<br />the Property, if the restoration or repair is economically feasible and Lender's security is not lessened.
<br />During 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 ta ensure the work has been completed to
<br />Lender's satisfaction, pravided 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 />cornpleted. Unless an agreement is made in writing or Applicable Law requires interest ta be paid on such
<br />Miscellaneous Praceeds, Lender shall not be required to pay Bonvwer any interest or earnings on such
<br />Miscellaneous Proceeds. If the restoration or repair is not economically feasible or Lender's security wauld
<br />be lessened, the Miscellaneous Proceeds shall be applied to the suu�s secured by this Security Instnunent,
<br />whether ar not then due, with the excess, if any, paid to Borrawer. Such Miscellaneous Proceeds shall be
<br />applied in the order provided for in 5ection 2.
<br />In the even,t 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 unrnediately before the partial taking, destruction, ar 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 va�ue, unless Banower and Lender otherwise agree in writing, the sums
<br />secur�d by this Security Instnunent shall be reduced by the amount of the Miscellaneaus 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 rnarket value of the Property
<br />immediately before the partial taking, destruction, or loss in value. Any balance shail be �aid to Borrower.
<br />In the event of a partial taking, destruction, or lass in value of the Property in wluch the fair rnarket
<br />value of the Property irnmediately 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 and Lender atherwise agree in writing, the Miscellaneous Proce�ds shall be applied to the sw�ns
<br />secured by this Security Ixistrument whether or not the surns are then due.
<br />If the Property is abandaned by Borrower, or if, after notice by I.ender 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 3p days after the date the notice is given, I.ender is authorized
<br />to collect and apply the Miscellaneous Praceads either to restoration or repair of the Praperty or to the
<br />sums secured by this Security Instrument, whether or not then due. "Opposing Party" means the third party
<br />that owes Borrower Miscellaneous Proceecis or the party against whom Borrower has a z�ght of action in
<br />regazd to Miscellaneous Proc.�eds.
<br />Borrower shall be in default if any actian or proceeding, whether civil or criminal, is begun that, in
<br />Lender's judgment, could result in forfeiture of the Property or other material impaizxnent of Lender's
<br />interest in the Property or rights under this Se�urity Instrument. Borrower can cure such a default and, if
<br />NEBRp$KA - Singla Family - Fannie Mae/Freddie Mac UNIFORM INS7RUMENT
<br />�-6�NE) �oai i� Paga 9 ot 15 in�t�ais: Farm 3028 1/01
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