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<br />As a result pf these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer,
<br />any other entity, or any affiliate of any of the foregoing, may receive (directly or indirectly) amaunts that
<br />derive from (or might be characterized as) a portion of Borrower's payments for Mortgage Tnsurance, in
<br />exchange for sharing or modifying the rnortgage insurer's risk, or reducing losses. If such agreement
<br />provides that an affiliate of Lender takes a shaze af the insurer's risk in exchange for a share of the
<br />premiums paid to the insurer, the arrangement is often termed "captive reinsurance. " Further;
<br />(a) Any such agreennents will not affect the amounts that Borrower has agreed to pay for
<br />Mortgage Insurance, or any other terrns of the Loan. Such agreements will not increase the amount
<br />Borrower will owe for Mortgage Insurance, and the� will nnt entitle Borrower to any rettind.
<br />(b) Any such agreements will not affect the rights Borrower has - if any - with respect to the
<br />Mortgage Insurance under the Homeowners Protection Act of 199$ or any other law. These rights
<br />may include the right to receive cectain disclosures, to reqaest and obtain cancellation of the
<br />Mortgage Insurance, to have the Mortgage Insurance terminated automatically, and/or to receive a
<br />refund af any Mortgage Insurance premiums that were unearned at the time af such cancellation or
<br />termination.
<br />11. Assignment of Miscellaneous Proceeds; Forfeitare. All Miscellanenus Proceeds are hereby
<br />assigned to and shall be paid to Lender.
<br />If the Property is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of
<br />the Property, if the restoration or repair is econamically 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 to ensure the work has been completed to
<br />Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may pay for the
<br />repairs and restaration in a single disbursement or in a series of pz'ogress payments as the work is
<br />compleCed. Unless an agreement is made in writing or Applicable Law requires 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 Proce�ds. If the restoration or repair is not economically feasible or I,ender's security would
<br />be lessened, the Miscellaneous Proceeds shall be applied to the surns secured by this Security Instrument,
<br />whether or not then due, with ihe excess, if any, paid to Borrower. Such Miscellaneous Proceeds shall be
<br />applied in the order provided for in Section 2.
<br />Tn the event of a total caking, destruction, or loss in value of the Froperty, tkae Miscellaneous
<br />Proceeds shall be applied to the surns secured by this Security Instrument, whether or not then due, with
<br />thc excess, if any, paid ta Borrower.
<br />In the event of a partial taking, destruction, or loss in value of the Property in which the fair rnarket
<br />value of the Property immediately b�fore the partial taking, destruction, or loss in va�ue is equal to ar
<br />greater than the amount of the suzns secured by this Security Instrument immediately before the partial
<br />taking, destruction, or loss in value, unless Borrower and Lender otherwise agree in writing, the sums
<br />secured by this Security Instrument shall be reduced by the amount of the Miscellaneous Proceeds
<br />multiplied by the following fraction: (a) the total amount of the su�ns secured immediately befare the
<br />partial taking, destruction, or loss in value divided by (b) the fair rnarket value af the Property
<br />immediately before the partial taking, destruction, or loss in value. Any balance shall be �aid to Borrower.
<br />In the event of a partial taking, destruction, or loss in value of the Property in which the fair markat
<br />value of the Property immediately before the partial taking, destruction, or loss in value is less than the
<br />amount af the sums secured immediately before the partial taking, destruction, or loss in value, unless
<br />Borrower and Lender otherwise agree in writing, the Miscellaneous Proceeds shall be applied to the suzns
<br />secured 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 I,ender Co Borrower that the
<br />Opposing Party (as de�ned 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 />ta collect and apply the Miscellaneous Proceeds either to restoration or repair of the Property or ta the
<br />sums secured by this Security Instrument, whether or not then due. "Opposing Party" means the third party
<br />that owes Borrower Miscellaneous Proceeds or the party against whorn Borrower has a right of action in
<br />regard to Miscellaneous Proceeds.
<br />Borrower sha11 be in default if any action or proceeding, whether civil or criminal, is begun that, in
<br />I.ender'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 INSTRUMENT !�
<br />�-61NE)(o81t1 Page9of75 Initlala. t(� Form3p2$ 7/D1
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