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<br />As a result of these agre�ments, 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) amounts that
<br />derive from (or might be characterized as) a portion of Borrower's payrnents for Mortgage Insurance, in
<br />exchange for sharing or rnodifying the mortgage insurer's risk, or reducing losses. If such agreement
<br />pravides that an affiliate af Lender takes a share of the insurer's risk in exchange for a share of the
<br />premaums paid to the insurer, the arrangement is often termed "captive reinsurance." Further:
<br />(a) Any such agreements will nat affect the amounts 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 />Borrower will awe for Mortgage Insurnnce and the� wi11 nat entitle Borrower to any refund.
<br />(b) Any such agreements will not at'�ect the rights Borrower has - if any - wlth respect to the
<br />Mortgage Insurance under thie Homeowners Protection Act af 199$ or any other law. These rights
<br />may include the right to receive certain d�sctosures, to request and obtain cancellation of the
<br />Mortgage Insurance, ta have the Mortgage Insurance terminated aatamatically, and/or to receive a
<br />refund of any Mortgage Lasurance premiums that were unearned at the time of such cancellation or
<br />termination.
<br />11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proce�s are hereby
<br />assigned to and shall be paud to I.ender.
<br />If the Property is damaged, such Misc�llaneous Proceeds sha11 be applied to restoration or repair of
<br />the Property, if the restoration ar repair is economically feasible and Lender's security is not lessened.
<br />T)uri�ng such repair and restoration period, Lender shall have the right to hold such Miscellaneous Froce.eds
<br />until Lender has had an oppartunity to inspect such Property to ensure the wark has been complete� to
<br />Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may pay for the
<br />repairs and restoration in a singte disbursement or in a series of progress payments as the work is
<br />completed. Uriless an agreernent 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 an such
<br />Miscellaneous Proceeds. If the restaration or repai�r is not econornically feasible or Lender's security wou.ld
<br />be lessened, the Miscellaneous Proce�s shall be applied to the sums seeured by this Security Instrurnent,
<br />whether or not then due, with the excess, if any, paid to Borrower. Such Miscellaneous Proceeds shall be
<br />applied in the arder provided for in Section 2.
<br />In .the event of a total taking, destruction, or loss in value of the Property, the Miscellaneous
<br />Proceeds shall be applied to the sums secured by this Security Instrurnent, whether or not th�n due, with
<br />the excess, if any, paid to Boz�rower.
<br />In the event of a partial taking, destruction, or loss in value of the Property in which the fair market
<br />value of the Property imme�iately before the partisl taking, destruction, or loss in value is equal ta or
<br />greater than the arnount of the sums secured by this Sc�urity Instrument ixnmediately before the partial
<br />taking, destruction, or loss in value, unless Borrower and Lend�r otherwise agre� in writing, the sums
<br />secured by this Security Instniment shall be reduced by th.e amount of the Miscellaneous Pmcceds
<br />multiplied by the following fraction: (a) the total amount of the sums secured inunediately before the
<br />partial taking, destruction, or loss in value divided by (b) the fair market value of the Property
<br />immediately befare 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 mazket
<br />value of the Prpperty immediately before 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 atherwise agree in writing, the Miscellaneous Proceeds shall be appli�i to the surns
<br />secured by this Security Instrurnent whether or not the surns are then due.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender ta Barrower that the
<br />Opposing Party (as defined in the next sentence) offers to make an awazd to settle a claim for damages,
<br />Borrower fails to respond to Lender within 30 days after the date ihe notice is given, L.end�r is authorized
<br />to collect and apply the Miscellaneous Procesds either to restoration or repair of the Property or to the
<br />sums secured by this Security Instnunent, whether or not then due. "Opposing Party" means the tlurd party
<br />that owes Borrower Miscellaneous Proceeds or the party against whom Borrower has a right of actian in
<br />regazd to Misr,ellaneous Proceeds.
<br />Borrower shall be in default if any action or proceeding, whether civil or criminal, is begun that, in
<br />Lender's judgment, could result in forfeiture af 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 UNIFpRM INSTRUMENT
<br />�-6(NE) loat i) Page 9 Of 16 micials: Form 3028 7/01
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