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2o�ao�495
<br />As a result of these agrecments, Lender, any purchaser of the Note, another insurer, any reinsurer,
<br />any other entity, or any affiliate of any of the faregoing, may receive (directly or indirectly) arnounts that
<br />derive fram (or might be characterized as) a portion of Borrower's payments for Mortgage Insurance, in
<br />exchange for sharing or modifying the mortgage insurcr's risk, or reducing losses. If such agreement
<br />pravides that an af�liate of Lender takes a share of the insurer's risk in exchange for a share of the
<br />premiums paid to the insurex, the arrangement is often termed "captive reinsurance." Further:
<br />(a) Any such agreements will not affect the amounts that Borrower has agreed to pay for
<br />Mortgage Insurance, or any other terms of the Loan. Sach agreements will not increase the amount
<br />Barrawer will owe for Mortgage Insurance and they will not entitle Borrower ta any refund.
<br />(b) Any such agreements will not affect the rights Borrower has - if any - w�th respect ta the
<br />Mortgage Insurance under the Homeowners Protection Act of 1998 or any other law. These rights
<br />may include the right to receive certain disclosares, to request and obtain cancellation of the
<br />Martgage Insurance, to have the Mortgage Insurance terminated autamatically, 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. Assignment of Miscellaneous Proceeds; Forfeiture, All Miscellaneous Proceeds are hereby
<br />assigned to and shall be paid to Lender.
<br />If the Prpperty is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of
<br />the Froperty, 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 hald such Miscellaneaus Proceeds
<br />until Lender has had an opportunity to inspect such Property to ensure the woxk has been cornpleted 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 wriCing or Applicable Law xequires 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 economically feasible or L.ender's security would
<br />be lessened, the Miscellaneous Proceeds shall be applied ta the sums secured by this Security Instrument,
<br />whether ar not then due, with the excess, if any, paid ta Borrower. Such Miscellaneous Proceeds shall be
<br />applied in the order provided for in Sectian 2.
<br />In the event of a total taking, destruction, or loss in value of the Property, the Miscellaneaus
<br />Proceeds shall be applied to the sums secured by this Security Instrum�ent, whether or not then due, with
<br />the excess, if any, paid to Sorrower.
<br />In the ev�nt of a partial taking, destruction, or loss in value of the Property in which the fair market
<br />value of the Property irnmediately befare the partial taking, destruction, or loss in value is equal to or
<br />greater than the amount of the sums secured by this Security Instrurnent immediately before the partial
<br />taking, destruction, or loss in value, unless Barrpwer and Lender atherwise agree in writing, the sums
<br />secured by this Security Instrument shall be reduced by the amaunt of the Miscellaneous Proceeds
<br />rnultiplied by the following fractian: (a) the tota� amaunt of the sums secured irnmediately before the
<br />partial taking, destruction, or loss in value divided by (b) the fair market value of the Property
<br />immediately before the partial taking, destructian, or loss in value. Any balance shall be paid to Borxower.
<br />In the event of a partial taking, destruction, or loss in value of the Property in wh�ch the fair rnarket
<br />value of the Praperty irnrnediately befare the partial taking, destruction, or loss in value is less than the
<br />amaunt of the sums secured imrnediately before the partial taking, destruction, or lass in value, unless
<br />Borrower and Lender otherwise agree in writing, the Miscellaneaus 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 abandaned 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 notice is given, Lender is authorized
<br />to collect and apply the Miscellaneaus Proceeds eithear to restoration or repair of the Property ar ta the
<br />sums secured by this Security Instnxment, whether or not then due. "Opposing Party" means the third party
<br />that awes Borrower Miscellaneous Proceeds or the party against whom Borrower has a right of action in
<br />regard to Miscellaneous Proceeds.
<br />Borrower shall be in dsfault if any action or proceeding, wheCher civil or criminal, is begun that, in
<br />Lender's judgment, could result in forfeiture af the Property ar other material impairment of Lender's
<br />interest in the Prvperty or rights under this Security Instrument, Barrower can cnre such a defaulC and, if
<br />acceleration has occurred, reinstate as provided in Section 19, by causing the action or praceeding to be
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFQRM INSTRUMENT WIT M
<br />�-6A(NE) �aatol Pege 9 of 15 i�rt�ais: F rm 30�8 1/Q1
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