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<br />As a result of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer,
<br />any ather entity, or any af�iliate of any of the foregoing, may receive (directly or indirectly) amounts that
<br />derive fram (or might be characterized as) a portion of Borrower's payments for Mortgage Insurance, 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 share pf 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 agreements will not affect the amounts that Borrower has agrced to pay for
<br />Mortg�ge Insarance, or any other terms of the Loan. Such agreements will not inerease the amount
<br />Borrawer will owe for Mortgage Insarance and the� will not entitle Borrower to any refund.
<br />(b) Any such agreements will not af't�ect the rights Borrower has - if any - wiW respect to the
<br />Mortgage Insurance under the Homeowners Protectiion Act of 199$ or any other law. These rights
<br />may include the right to receive certain disclosure.s, to request and obtain cancellation of the
<br />Mortgage 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 time of such cancellation or
<br />termination.
<br />11. Assignment of Miscell�neaus Proceeds; Forfeiture. All Miscellaneous Proc�s are hereby
<br />assigned tp and shall be paid to Lender.
<br />If the Property is damaged, such Miscellaneous Proceeds shall be applied to restoration oar repair of
<br />the Property, if the restoration or repair is economically feasible and I,ender's security is not lessened.
<br />During such repair and restoration period, Lender shall have the �ght to hold such Miscellaneous Proceeds
<br />until Lender has had an opportunity to inspect such Property to ensure the wark has been completed to
<br />Lender's satisfaction, provided that such inspection shall be undertaken promiptly. Lender may pay far 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 requires interest to be paid on such
<br />Miscellaneaus Proceeds, Lender shall not be require� to pay Bonawer any interest or earnings on such
<br />Miscellaneous Proce�ds. If the restoration or repair is not econo�nically feasible or L,ender's security would
<br />be lessened, the Miscellaneous Praceeds shall be applied to the sums secured by this Security Instrument,
<br />whether or not then due, with the excess, if any, paid to Borrower. Such Miscellaneous Proceeds shall be
<br />applie�i in the order provided for in Section 2.
<br />In the event of a total taking, destruction, or loss in value of the Property, the Miscellaneous
<br />Procceds shall be applied to the sums secured by this Security Instnunent, whether or not then due, with
<br />the excess, if any, paid to Borrower.
<br />In the event of a partial taking, destruction, or lass in value of the Property in which the fair market
<br />value of the Property imrnediately before the partial taking, destruction, ar 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 />taldng, destruction, or loss in value, unless Barrawer and Lender otherwise agree in writing, the sums
<br />secured by this Security Instnunent shall be reduced by the amount of the Miscellaneous Proceeds
<br />multiplie� by the following fraction: (a) the total amount of the sums s�cured immediately before the
<br />partial taking, destruction, or loss in value divided by (b) the fair market value of the Property
<br />ixnmediately before the partial taldng, destruction, or loss in value. Any balance shall be paid to Sorrower.
<br />In the event of a partial taking, destruction, or loss in value of the Property in wh�ch the fair market
<br />value of the Property irnrnediately before the partial taking, destruction, or loss in value is less than the
<br />amount of the surans secured imrnediately before the partial taking, destructian, ar lass in value, unless
<br />Borrower and Lender otherwise agree in writing, the Miscellaneous Proceeds shall be applied to the sums
<br />secured by this 5ecurity Instrument whether or nat the surns are then due.
<br />If the Property is abandaned by Borrower, or if, after notice by Lender ta Borrawer that the
<br />Opposing Party (as defined in the next sentence) offers to rnake an award to settle a claim for damag�s,
<br />Sorrower fails to respond to Lender within 30 days after the date the notice is given, Lender is authorized
<br />to collect and apply the Miscellaneous Proceeds either to restpration or repair of the Property or to the
<br />sums seeured by this Security Instrument, whecher or nat then due. "Opposing Party" rneans the third party
<br />that owes Banower Miscellaneous Proceeds or the party against whom Borrawer has a right of action in
<br />regazd to Miscella�neous Proceeds.
<br />Borrower shall be in default if any actian or proceeding, whether civil or criminal, is begun that, in
<br />Lender's judgrnent, could result in forfeiture of the Property or other material impairment of I.ender's
<br />interest in the Property or rights under this Security Instrument. Borrower can cure such a default and, if
<br />NEBRASKA - Single Family - Fannle MaelFreddie Mac UNIFORM INSTRUIVIEN7 ��(
<br />�-6�NE) los��� Pape 9 of 15 in�c�ais: �' "- Form 3028 7/01
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