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<br />As a result of these agreements, Lender, any purchaser af the Note, annther insurer, any reinsnrer,
<br />any other entity, ar any affiliate of any of the foregoing, may receive (directly or indirectly) amounts that
<br />derive from (nr might be characterized as) a portion of Borrawer's payments for Mortgage Insurance, in
<br />exchange £or sharing or modifying the rnartgage 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 />premiums paid to the insarer, the arrangement is often termed "captive reinsurance." Further:
<br />(a) Any such agreements will not affect the axnounts that Borrower has agreed to pay for
<br />Mortgage Insarance, or any other terms of the Loan. Such agreements will not increase the amount
<br />Borrawer will owe for Mortgage Insurance, and the�+ will not entitle Borrower to any refund.
<br />(b) Any such agreements will not affect the rights Borrawer has - if any - with respect ta the
<br />Mortgage Insurance under the Homeowners Protectian Act of 199$ ar any othet law. These rights
<br />may include the right to receive certain disclosures, to requcst and obtain cancellatian of the
<br />Mottgage Insurance, to have the Mortgage Insurance terminated automatically, and/or to receive a
<br />refund of any Mortgage Insurance premiums that were unearned at the timc of such cancellation or
<br />termination.
<br />11. Assignment of Miscellaneaus Proceeds; Forfeitare. All Miscellaneous P�oceeds are hereby
<br />assigned to and shall be paid to Lender.
<br />If the Property is damaged, sach Miscellaneous Prnceeds shall be applied to 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 hnld such Miscellaneaas Proceeds
<br />until Lender has had an opportunity to inspect such Property to ensure the wark has been cornpleted to
<br />Lender's satisfaction, provided that snch inspection shall be undertaken prornptly. 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 writing or Applicable Law reqnires interest to be paid on such
<br />Miscellaneous Proceeds, Lender shall not be required to pay Borrower any interest or earnings on such
<br />Miscellaneaus Proceeds. If the restoration or repair is not economically feasible or Lender's security would
<br />be lessened, the Miscellaneous Proceeds shall be applied to the snms secured by this Security Instrnrnent,
<br />whether or not then due, with the excess, if any, paid to Sorrower. Sach Miscellaneaus Proceeds shall be
<br />applied in the order prorrided for in 5ectinn 2.
<br />In the event af a tatal taking, destruction, or loss in value of the Properiy, 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 nf a partial taking, destruction, or loss in value of the Pmperty in which the fair market
<br />valpe of the Property immediately before the partial taking, destruction, or loss in value is eqnal to or
<br />greater than the amount of the sarns secured by tk►is Security Instrument immediately before the parkial
<br />taking, destruction, or loss in value, anless Borrower and Lender otherwise agree in writing, the sums
<br />secured by this Security Instrixment shall be rednced by the amoant of the Miscellaneous Proceeds
<br />multiplied by the following fraction: (a) the total amount of the sums secured immediately before the
<br />partial taking, destructinn, or loss in value divided by (b) the fair market value of the Praperty
<br />imrnediately before the partial taking, destruction, or loss in value. Any balance shall be paid ta Borrower.
<br />In the event of a partial taking, destruction, or loss in valne of the Property in which the fair market
<br />value of the Praperty immediately hefore 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 otherwise agree in writing, the Miscellaneous Proce�ds shall be applied to the sums
<br />secared by this Security Instrument whether or not the sums are then due.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the
<br />Opposing Farty (as defined in the next sentence) offers ta make an award to settle a claim for damages,
<br />Bprrower fails to respund to Lender within 30 days after the date the notice is given, Lender is authorized
<br />to collect and apply the Miscellaneoas Proceeds either to restoration or repair of the Property or to the
<br />surns secured by this Security Instrument, whether or not then due. "Opposing Party" means the third party
<br />that owes Borrnwer Miscellaneous Proceeds or the party against whom Borrower 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 />Lender's judgrnent, could resalt 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 snch a default and, if
<br />aCCeleration has occurred, reinstate as pravided in Section 19, by causing the action or proceeding to be
<br />001122166041 CitiMortgage 3.2.41.05 V3
<br />NFBRASKA - Single Family - Fannie Mae/�r'eddle Mac UNIFORM INSTRUMENT WIT-�I M�6�S
<br />�-BA(N� �oato� Page 9 af 15 Initlals: Ofril 3028 1/01
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