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<br />As a result of these agreernents, Lender, any purchaser of the Note, another insurer, any reinsurer,
<br />any other cntity, or any affiliate of a�y of the foregoing, may receive (dire�tly or indirectly) amounts that
<br />derive from (or nnight be characterized as) a porbian of Bonower' s payments for Mortgage Insurance, in
<br />exchange for sharing or modifying the mortgage insurer' s risk, or reducing losses. If such ag�reement
<br />provides that an affiliate of Lender takes a share of the insurer's risk in exchange for a sh�e of the
<br />premiums paid to the insurer, the arrangement is aften termed "caprive reinsurance." Further:
<br />(a) Any such agreements will not affect the amounts that Borrov�ver has agreed ta pay for
<br />Mortgage Insurance, or any otLer tenaxs of the Loan. Such agreements will not increase the amount
<br />Borru�ver will owe for Mortgage Ynsurance, and they wflt not entitle Borrower to any refund.
<br />(b) Any such agreements wlll not affect the rights Barrower has - if any - with respect to the
<br />Mortgage I�surance under the Aomeowne� Protection Act of 1998 or any nther law, Theae rlghts
<br />may include the right to receive certain disclosures, to request and obtain cancellation af the
<br />Mortgage Insurance, ta have the Mortgage Insarance terminated automatically, and/or to receive a
<br />refund of any Mortgage Insurance premiums that were unearned at the time of auch cancellation or
<br />terrninatlon.
<br />11. Assignment of Miscellaneouffi Proceeds; For[elture. A11 Miscellaneous Proceeds are hereby
<br />assigned to and shall be paid to Lender.
<br />If ihe Praperty is damaged, such Miscellaneous Froceeds shall be applied to restoration ar repair of
<br />the Properiy, if the restoration or repair is econoxnically feasible and Lender' s security is not lessened.
<br />During such re�pair and restoration period, Lendet shall have the right to hold such Miscellaneous Proceeds
<br />until Lender has had an opportunity ta inspect such Properiy to ensure the vvork has been completed to
<br />Lender' s satisfaction, provided that such inspection shall be undertaken promptly. Lender may pay �or the
<br />repairs and restoration in a single disbr�rsemer►t or in a series of progress payments as the wark is
<br />completed. Unless an agreement is m�ade izt writing or Applicable Law requires interest to be paid on such
<br />Miscellaneous Procee�s, Lender shall not be re�nired to pay Borrower any interest or earnings on such
<br />Miscellaneous ProceQds. If the restoration or repair is not economically feasible or Lender' s security would
<br />be lessened, the Miscellaneaus Proceeds shall be applied to the sums secured by this Security Instrument,
<br />whether or not then due, with the excess, if any, paid to Sorrower. 54�ch Miscellaneous Proceeds shall be
<br />appli�d in the order provided for in 5ection 2.
<br />In the even,t of a total taking, destruction, or loss in value af the Property, the Miscellaneous
<br />Proceeds shall be applied to the sums secured by this Security Iustrument, whether or not t}aen due, with
<br />the excess, if any, paid to Horrower.
<br />In the event of a partial taking, destruetion, or loss in value af the Property in which the fair market
<br />value of the Property imumediately before the partial taking, destruction, ar loss in value is equal to or
<br />greater than the amount of the sums secured by this Se�urity Instrument immediately befare the partial
<br />taking, destruction, or loss in value, unless Borrower and I.ender otherwise agree in writing, the sums
<br />secured by this Security Instrument shall be reduced by the amoutit of the Miscellaneous Proceeds
<br />mult�plied by the fallowing fractiori: (a) the tatal amount of the sums secured immediately befo:re the
<br />partial taking, destruction, or loss in value divided by ('b) the fair annarket value of the Property
<br />irnrnediately before tlae partial taking, destruction, or loss in value. AYy balance shall be �aid to Bonower.
<br />In the event of a partial taking, destruction, or loss in value of the Froperiy in which the £aix market
<br />value of the Property immediately before the partial taking, destruction, or loss in value is less than the
<br />runount of the sums secured immediately before the partial talcing, destructiun, or loss in value, unless
<br />Borrawer and Lender otherwise agree in writing, the Miscella�eous Proceeds shall be applied ta the sums
<br />secured by this Security Instr►iment whether or not the sums are then due.
<br />If the Property is abandoned by Horrower, or if, after notice by Lender to Borrower that the
<br />Oppasing Pariy (as de�ined in the next sentence) offers to make an award to settle a clairn for damages,
<br />Borrower fails to respond to Lender within 3Q days after the date the notice is given, Lender is authorized
<br />to collect and app.ly the Miscellaneous Proceecis either to restoration or repair of the Property or to the
<br />sums se�cured by this Secr,trity Instrurnent, whether or not then due. "Opposing Party" means the third party
<br />that owes Borrower Miacellaneous Proceads or the party against whom Barrower has a right of action in
<br />regard to Miscellaneous Proceeds.
<br />Borrower shall ba in default if any action or proceeding, whether civil or crixninal, is begun that, in
<br />Lender's judgment, cauld result in forfeiture of the Property or other material impairment of Lender's
<br />interest in the Property or rights under this Security Instrurnent. Borrower can cura such a default and, if
<br />acceleration has accurred, reinstate as provided in Section 19, by causing tlie action or proceeding to be
<br />220007699Fi D V6ANE
<br />NEERASKA - Single Family - Fannle Mae/Freddle Mac UNI�RM INSTRUM�IT WITN A�F�/
<br />�-BA(NE) (08�01 Pags 8 uf 16 �n�tie�s: ���� �`� Form 3028 1/01
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