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201407868
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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 affiliate of any of the foregoing, may receive (directly or indire�tly) amaunts that
<br />derive from (or might be characterized as) a portion of Borrower's payments for Mortgage Insurance, in
<br />exchange for shazing or modifying the mortgage insurer's risk, or reducing losses. If such agreement
<br />provides tl�at an af�iliate of Lender takes a share of the insurer's risk in exchange far a shaze 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 ta pay for
<br />Mortgage Insurance, or any other terms of the Loan. Such agreements will not increase the amoant
<br />Borrower will owe for Mortgage Insurance and the� will not entitle Borrower to any refund.
<br />(b) Any sach agreements will not aft the rights Borrower has - if any - with respect to the
<br />Mortgage Insurance ander the Homeawners Protection Act of 1998 or any other law. These rights
<br />may inclade the right to receive certain disclosures, to rec�uest and obtain cancellation of the
<br />Mortgage Insarance, to have the Mortgage Insurance terminated automatically, and/or to receive a
<br />refund of any Mortgage Insurance premiums that were unearned at the tjme of such cancellation ar
<br />termination.
<br />11. Assignment af Miscellaneous Proceeds; Forfeiture. All Miscellaneous 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 restoratian 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 night to hold such Miscellaneous Proceeds
<br />until Lender has had an opportunity to inspect such Property to ensure the work has been complete� to
<br />L.ender's satisfaction, provided that such inspe�tian shall be undeRaken promptly. Lender rnay pay for the
<br />repairs and restoration in a single disbursement or in a series of progress payments as the work is
<br />cornpleted. Unless an agreennent is made in writing or Applicable I.aw requires interest to be paid on such
<br />Misc.�llaneous Procceds, Lender shall not be required to pay Boar�ower any interest or earnings on such
<br />Miscellaz�eous Proceeds. If the restoration or repair is not economically feasible or L.ender's security would
<br />be lessened, the Miscellaneous Proceeds shall be applied to the suxt�s secured by this Security Instrument,
<br />whether or not then due, witt� the excess, if any, paid to Borrowear. Such Miscellaneous Proceecis shall be
<br />applie� in the arder provided for in Section 2.
<br />In the event of a total taking, destruction, or loss in value of the Praperty, the Miscellaneous
<br />Procee�is shall be applied to the surns secure�l by ihis Security Instnunent, whether or not ihen due, with
<br />the excess, if any, paid to Borrower.
<br />In the event of a partia,l taking, destruetion, or loss in value of the Property in which the fair xnarket
<br />value of the Praperty immediately before the partial taking, destruction, or loss in value is equal to or
<br />greater than the amaunt of the surns secure� by this Security Instrument immediately before the partial
<br />taking, destruction, or loss in value, unless Borrower and I_ender otherwise agree in writing, the suzns
<br />secured by this Security Instivment shall be reducEd by the amaunt of the Miscellaneous Proceeds
<br />multiplied by the following fraction: (a) the total arnount of the sums secured imrnediately before the
<br />partial taking, destruction, or loss in value divided by (b) the fair rnarket value of the Property
<br />immediately before the partial taking, destructian, or loss in value. Any balance shall be �aid to Borrower.
<br />In the event of a partial taking, destruction, or loss in value af the Property in which the �air market
<br />value of the Property 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 ott�erwise agree in writing, the Miscellaneous Proceeds shall be applied to the swns
<br />secured by this Secuxity Instrument whether or not the sums are then due.
<br />If the Property is abandaned by Borrower, or if, after notice by Lender to 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 />Barrower fails to respond to Lender withiri 30 days after the date the notice is given, Lender is authorized
<br />to callect and apply the Miscellaneous Proceeds either to restoracion or repair of the Property or to th�e
<br />swns secured by this Security Insc�rument, whether or not then due. "�pposing Party" rneans the third party
<br />that owes $orrower Miscellaneous Proc�eeds or the party against whom Barrawer has a right of action in
<br />regazd to Miscellaneous Proceeds.
<br />Borrower shall be in default if any action or proceeding, whether civil or criminal, is begun chat, in
<br />I.ender's judgrnent, could result in forfeiture of the Property or other material irnpairment 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 UNIFQRM INSTRUMENT
<br />�-B�NE) (oat t1 PagB 9 Of 16 inniais: Form 3028 1/01
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