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201007404
<br />As a result af these agreements, Lender, any purchaser of Che Note, another insurer, any reinsurcr,
<br />any other entity, or any affiliate of any of the foregoing may reccive (directly or indirectly) amownCs that
<br />derive frozn (or might be characterized as) a portion of Bornower's paymcnts for Mortgage Insurance, in
<br />ea�change for sharing or modifying the mortgage i.psurcr's riak, or reducing losses. Yf such agr�ement
<br />provides t.�at an affr�iate of I.ender takes a share of the insurer's risk in cxchange for a ahare of the
<br />prezniums paid to the insurer, the arrangement is oftcn tera�ed "captive reinsurance." Further:
<br />(a) Any such agreement� will not aP[ect the a�uaounta tl�at Box�rower has sgreed to pay for
<br />Mortgage Insurance, or any oth� terms af the Loan. Such a�ements will not increase We amaunt
<br />Borrower wW owe for Maartgage Inaurance, and wlll not �t�tle B�rrower to any rei'und.
<br />(b) Any such agreeme�ts wW not sffect the�i gb,t� Borrower 6as - if any - with res�ect to the
<br />Mort�ge Tnsurance under t6e Hom�own� ProtecNon Act of 1998 or any other law. These rlghts
<br />may include the t�lght to re�ve oerfain di�cl�u�res, to request and obtain eancclladon of the
<br />Mo�rtgage L�sura�ce, to have the Mortgage Ingurance terminated eutomadcally, andJar to �ceivc a
<br />rePiwrl of any Mortgage Insurance preminms that w�c unearined st the time of sucl� cancelladon or
<br />te�'minatIon.
<br />11. A�ignmatt of Misce�laneor�s Prne�lg; Forfetture. All Miscellaneous Proceeds are hereby
<br />assigned tv and slaall b� pa�d to Lendcr.
<br />I� tb,e Property is damaged, such Misoellaneous Proc�ds shall be applicd to reswration or repair of
<br />the Property, if the c�estoration or repair is econoxtucally feasible and I.ender's se�urity is not lessened.
<br />Durir�g such z+epair aad restoradon period� Lender shall have the right to hold such Miscellanevtys Procceds
<br />until L,ender has had an opportunity to inspeet such Property to ensunt the work has � complet� to
<br />I.ende�r's satisfacCion, provided that such inspeotion shall be undeitak;en� pzom�ptly. Lender maY paY for the
<br />repair� and resCoration in a single disbursement or in a eeries of pragress payments as the work is
<br />completed. LTnless an agreement is made in writing or Applicable Law rre�quires interest to be paid on such
<br />Miscellaneous Pmceeds, Lender shall not be required to pay Bormwer any interest or earnings on such
<br />Miscellaneous Prncee�s. If the rostnrgtiun or r�pair is not �nomically feasible or Lender'a security wauld
<br />be les�ened, the Misaellaneou� Pnoceeds shall be applied to the swnns secured by this 5ecurity Insbrum�et�t,
<br />whether or not thcn due, with thc e�c�s. if any, paid to Borrower. Such Miscellancous Praceeds shall be
<br />applied in the order provided for in Se�tion 2,
<br />In the eveut of a total taking, deshvction, ar loss in value of the Property, the Miscellanr.ous
<br />Procceds shall be applie� ta the sums se+cured by this Secutity Instrument, whether or �t then due, with
<br />the eacesa, if any. Paid w Bormwer.
<br />In the event of a partial tsking, destnwction, or loss in value of the Property in whiGh tt�e fair rnarlaet
<br />valu� of the ProperCy im�nediately before the partial taking� destructicra, or loss in value is equal to or
<br />gre�ter than the a�unt of the sutns secure� by this SQ,curity Instmm�ent immediately befora th� partial�
<br />taldng destn�ction, or lass in value, unless Borrower and Lendcr otherwise agree in writing, the sums
<br />secured by thia Security Inabn�ment shall be reduced by the amount of the Miscellaneous Proceeds
<br />multiplied by tha following fraction; (a) the Wtal arnount of the sums secured immediately before the
<br />P�� �8. destruction, ar loss in valuc divided by (b) the fair marbet valuc of the Pro1��Y
<br />imrc�adiately before the parCial r�ng, d�sttuction� or losa in rralue. Any balar�e shall be �aid to Bon�ower.
<br />In t1�e event of a partial taking, d�ruction, ar losa in value of the Property in r�rhicli the fair market
<br />value of the Property immediately before the partial taking, deatnxtion, or loss in valuc is less than the
<br />amount of the sums secur0d immediately before the partial taking, d�rucrion, c►r lnss in value� unless
<br />Horrower and Lendcr otherwisse agree in vvriting, the Miscellaneous Proc�ds s1�at1 be applied to the sums
<br />secured by this Security Tnstnunant whether ar nut the sums are then due.
<br />If the Property is abandoned by Borrower. or if, after �tice by Lea�der W Borrower that the
<br />OPFoS�B p�' (as defined iui the neat sentence) of�ers tv malce en award to settle a claim for damages,
<br />Borro'�ver fails to respond to �er within 30 d.aya after the date the norice is �iven, I.endcr is authorized
<br />to collect and apply the Misoella�aus Proceads either to re�Wration or repair of the Property or to the
<br />sums secured by this Security Inatnunent, whether or �t then due. "Opposin8 PartY" means the third P�Y
<br />that owes Borrower Miscellaneous Procee�� or the party against wham Borrower has a right of ac�tion in
<br />regard w Miscellaneous Proceeds.
<br />Borrower s�all be in default if any acrion or proceeding, whether civil or criminal, is begun that, in
<br />Lender's judgrnent, could res�ilt iu forfeiture of t}�e Property or ather material impairment of L.ender's
<br />interest in khe Prnperl.y or rights under this Securiry Instrument. Bvrc+ower can cure such a default and, if
<br />NEBRASKA - 5ingle Family - Fanrd� Mav/Fnddle Mac UNIFORM IN$tRUMENT
<br />�-BINE) �oe� �� �. o or �s i�nas: Fvrm 30�8 1/01
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