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<br />As a reault of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer,
<br />any other entity, or any affiliate of any pf the foregoing, may receive (directly ar indirectly) amounts that
<br />derive from (or might be characterized as) a portion of Borrower's payments for Mortgage Insurance, in
<br />exchange for sharing or modifying the mortgage insurer's risk, or reducing losses. If such agreement
<br />provides that an affiliate of J�ender takes a share of the insurer's risk in exchange for a share of the
<br />premiums paid to the insurer, the arrangement is often termed "captive reinsurance." �urther:
<br />(a) Any such agreements will not affect the arnounts that Borrower has agr�ed to pay for
<br />Martgage Insurance, or any other terms of the Loan. Such agreements will not increase the amount
<br />Borrower will owe for Mortgage Insurance, and they will not entitle Sorrower to any refund.
<br />(b) Any sach agreements will not affect the rights Borrower has - if any - with respect tn the
<br />Mortg�ge Insurance under the Homeowners Protection Act of 1998 or any ather law. These rights
<br />may include the right to receive certain disclosures, to request and obtain cancellatian of the
<br />Mortgage Insurance, to have the Mortgage Insurance terminated autonnatically, and/or to receive a
<br />refund of any Mortgage insurance premiums that were unearned at the time af such cancelladon or
<br />terminadon.
<br />11. Assignment of Misce(laneous Proceeds; Forfeiture. All Miscellaneaus Proceeds are hereby
<br />assigned to and shall be paid to Lender.
<br />If the Property is darnaged, such Miscellaneous Proceeds shall be applied to restoration or repair of
<br />the Property, if the restoration or repair is economically feasible and Lender's security is not lessened.
<br />During �uch repair and restoration period, Lender sha11 have the right to hold such Miscellaneous Praceeds
<br />until Lender has had an opportunity to insp�et such Property to ensure the wprk has been completed to
<br />Lender' s satisfaction, provided that such inspection shall be undertaken promptly. Lender may pay for 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 />Miscellaneous Proceeds, L.ender shall not be required to pay Borrower any interest or earnings on such
<br />Miscellaneous Proceeds. IF the restoration or repair is not economically feasible or Lender's security would
<br />be lessened, tlie Miscellaneous 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 Borrower. Such Miscellaneous Proceeds shall be
<br />applied 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 Miscellansous
<br />Proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with
<br />the excess, if any, paid to Borrower.
<br />In the event of a partial taking, destruction, or loss in value of the Property in which the fair market
<br />value of Che Property immediately before the partial taking, descruction, or loss in value is equal to or
<br />greater than the amount of the sums secured by this Security Instrument immediately before the partial
<br />taking, destruction, ar loss in value, unless Borrower and Lender otherwise agree in writing, the sums
<br />secured by this Security �nstrument shall be reduced by the amount of the Miscellaneous Proceeds
<br />multiplied by the following fraction: (a) the total amount of the sums secured immediately befor� tlae
<br />partial taking, destxuction, or loss in value divided by (b) the fair market value of 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 market
<br />value of the Froperty immediately before the partial taking, destruction, or lass 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 otherwise agree in writing, the Miscellaneous Proceeds shall be applied to the sums
<br />secured by this Security Instrurnent whether or not the sums are then due.
<br />If the Property is abandpned by Borrower, or if, after notice by Lender to Borrower that the
<br />Opposing Party (as defined in the next sentence) offers to make an award to settle a claun for damages,
<br />Borrower 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 restoration or repair of the Property or to the
<br />sums secured by this Security Instrument, whether or not then due. "Opposing Party" means the third party
<br />that owes Borrower Miscellaneaus Praceeds or the party against whom Horrpwer has a right of action in
<br />regard ta Miscellaneous 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 of the Property or other nnaterial impairment of Lender's
<br />interest in the Property or rights under this Security Instrument. Borrower can cure such a default and, if
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<br />NE8RA5KA - Single Family - Fannie M aelFreddie M ac UNIFORM INSTRUM ENT `
<br />�-6(N�) (oe� �) Page 9 of 15 Inilials: -�D � J Form 3028 1101
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