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<br />As a result of th�se agreements, Lender, any purchaser of the Note, another insurer, any reinsurer,
<br />any other entity, or any affiliate of any of the faregaing, may receive (directly or indirectly) arnounts that
<br />dcrive Fram (ar might be characterized as) a portion of Borrowcr's payments for Mortgage Insurance, in
<br />exchange for sharing or madifying the mortgage insurer's risk, or reducing l�sses. If such agreement
<br />provides that an affiliatc of I.,�nder cakes a share of the insurer's risk in exchange for a sharc: uf th�
<br />premiums paid to the insurer, the arrangement is often termed '"captive reinsurance." Further:
<br />(a) Any such agreements will not affect the amounts that Borr�wer ku�s agreed to pay for
<br />Mortgage Insurance, or a�ry other terms of the Loan. Such agreements will not increase thc amaunt
<br />Borrower will owe for Mortgag� Itysurance, and they will not entitle Borrower to any r�fund.
<br />(b) Any such agreements will not affect the ri�hts Borrower has - if any - with respect to the
<br />Mortgage Instrrance under the Homeowners Protection Act oP 1998 or any ather law, These rights
<br />ms�y include the right to receive cerkain diselosures, to request and obtain cancellation of the
<br />Martgage Insurance, to have the Mortgage Insurance terrninated automatically, and/or to receive a
<br />refund of any Mortgage �nsurance premiums that were unearned at the time of such caneellakian or
<br />termination.
<br />11. Assignment af Miscellaneous Proceeds; Forfeiture, All Miscellaneous Procr:�ds are hereby
<br />assigned to and shall b� paid to L.ender.
<br />If the Property is damagcd, such Miscellaneaus Proceeds shall be applied to restoration or repair of'
<br />the Property, if the restoration or repair is econoinically feasible and Lender's securiiy is not Icsscned.
<br />During such repair and restoration period, I,ender shall have the right to hold such Miscellaneaus Proceeds
<br />until Lender has had an opportunity to inspect suah Prapsz'ty ta ensure the work has been completed to
<br />Lender's satisfaction, pravided that such inspectian shall be undertaken promptly. Lender may pay f'or the
<br />repairs and restoration in a singlc disbarsenri�nt ar in a series af progress payments as the work is
<br />cc�mpleted. Unless an agreement is made in writing or Applicable I.aw requires int�r�st ta bs paid Un suGh
<br />Miscellan�aus Proceeds, Lender shall not be required to pay Borrower any interest ar carnings on such
<br />Miscellancous Procceds. If the restoration or repair is not economically feasible or T,ender's security would
<br />be lessened, the Misc�llaneaus Praceeds shall be applied to the sums secured by this Security Instrument,
<br />whether or not then due, with the �xc:�ss, if any, paid ta Barrower. Such Miscellaneous Proceeds shall be
<br />applied in the order provided for in Section 2.
<br />In the event of a tofal taking (�G'StIUG�1qY1� ar lass in valus of the Property, the Miscellaneous
<br />Proceeds shall be applied to thc sums securc.c� by tttis Security Instrum�nt, whether ar not then due, with
<br />th� �xcess, if any, paid to Borrower.
<br />In the event of a partial taking, destruction, or loss in value of the Prop�rty in which the fair markc:t
<br />value of th� Prop�riy immediately before the partial taking, destruction, or loss in value is equal to or
<br />greater than the amount af the sums secured by this Security Instrument immediately before the partial
<br />taking, destruction, or loss in value, unless Borrower and Ixnder oth�rwise agz'ee in writing, the sums
<br />secured by this Security Instrument shall be reduced by the amount of thc Misasllansaus Prac:er;ds
<br />rnultiplied by the following fraction: (a) the total amount of the sums secured immediately before the
<br />partial takuxg, destruction, or loss in value divided by (b) the fair market value of the Property
<br />iminediately before the partial taking, destruclion, or lass in valu�. Any balance shall be paid to Barrower.
<br />In the �vent af a partial taking, destruction, or loss in value of the Property in which the fair market
<br />value of the Property iiaimediat�ly bsfar� the partial taking, destructian, or loss in value is less than the
<br />amount of the sums secured immediat�ly b�fnre th� partial taking, destructian ar lass in value, unless
<br />Bc�rrow�r and I,�ndsr otherwise agree in writing the Miscellaneous Proceeds shall be applied to the suins
<br />secured by this Security Instn�ment whether or not the sums are then due.
<br />If the Properiy is abandonsd by Barrower, ar if, after notice by L,ender to Barrower that the
<br />Opposing Party (as defined in the next s�n[ence) aPf�rs to make an award to settle a claim for ciamag�s,
<br />Borrower fails to respond to T.ender within 3U days after the date the notice is given, I.ender is authorized
<br />to collect and apply the Miscellaneous Proceeds either to restoration or repair of the Property 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 T'roceeds or the pariy against whom I3orrower has a right of action in
<br />regard to Miscellaneous Proceeds.
<br />Borrower shall be in default if any action or proceeding, whether civil or criminal, is begun that, in
<br />I,end�r's judgment, could result in forfeiture of the Property or other material impairment of Lender's
<br />interest in the Property or rights under this Security Instrument. Borrower can cure such a default and, if
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRU
<br />�-BINE) �os� � i Paqe 9 of 16
<br />�orm 3028 1I09
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