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2410U787G
<br />As a result of thase agreements, 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 payments fpr Mortgage Insurance, in
<br />exchange for sharing or modifyin� the mortgage insurer's risk, or reducing losses. If such agreement
<br />provides that an af�liate of Lender 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." Further:
<br />(a) Any such agreements will not affect the amounts that Borrower has agreed to pay for
<br />Mortgage Insurance, or any other terms of the Loan. Such agreements will not increase the amount
<br />Borrower rvill owe for Mortgage Insurance, and they will not entitle Sorrower to any refund.
<br />(b) Any such agreements will not affect the rights Sorrower has - if any - with respect to the
<br />Mortgage Insurance under the Hameowners Protection Act of 1998 or any other law. These rights
<br />may include the right to receive certain disclosures, to request and obtain cancellation af the
<br />Mortgage Insurance, to have the Mortgage Insurance terminated automatically, �nd/or to receive a
<br />refund of �ny Mortgage Insurance premiums that were unearned at the time of such cancellation or
<br />termination.
<br />11. Assignment of Miseellaneaus Proceeds; Forfeiture. A11 Miscellaneous Proceeds are hereby
<br />assigned to and shall be paid to Lender.
<br />Tf the Property is damaged, 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 such repair and restoratipn period, Lender shall have the right to hold such Miscellaneous Proceeds
<br />until Lander has had an opporiunity to inspect such Property to ensure the work has been completed to
<br />Lender' s satisfaction, provided that such inspection shall be undertaken promptly. Lender riaay pay for the
<br />repairs and restoration in a single disbursement or in a series of progress payrnents as the work is
<br />completed. Unless an agreexnent is made in writing or Applicable Law requires interest to be paid on such
<br />Miscellaneous Proceeds, Lender shall not be required ta 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, the 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 Froceeds 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 Miscellaneous
<br />Proceeds shall be applied to the sums secured by this Security Instrum�nt, whether or not then du�, 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 rnarket
<br />value of the Property immediately before the partial taking, destruction, 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, or loss in value, unless Borrower and Lender otherwise agree in writin�, the sums
<br />secured by this Security Instrument shall be reduced by tha arnount of the Miscellaneous Proceeds
<br />znultiplied by the following fraction: (a) the total amount of the sums secured imxnediately before the
<br />partial taking, destruction, 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 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 the Property immediately before the partial taking, destruction, or loss in value is less than the
<br />amount of the sums secured ixnznediately 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 Instxument whether or not the surns are then due.
<br />If the Prpperty is abandoned by Borrower, or if, after notice by Lender to Borrower that the
<br />Opposing Party (as defined in the next sentence) affers to make an award to settle a claim for damages,
<br />Borrower fails to respond ta 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 sacured by this Security Instruament, whether or not then due. "Oppasing Pazty" means the third party
<br />that owes Borrower Miscellaneous Proceeds or the party against whom Borrower has a right of action in
<br />regard to Miscellaneous Proceeds.
<br />Borrower sha11 be in default if any action or proceeding, whether civil or criminal, is be�un that, in
<br />Lender' s judgment, could result in forfeiture of the Property or other material impairment of Lender' s
<br />interest in the Froperty or rights under this Security Instrurnent. Borrower can cure such a default and, if
<br />230937
<br />NEBRASKA - 5ingle Family - Fannie Mae/Freddie Mac UNIFORM INSTRUM�NT
<br />�-s(N�) (0811) Page9 of 15 Initi � - � Form 3028 1101
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