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<br />As a result of these agreements, I..e�nder, 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 for Mortgage Insurance, in
<br />exchange for sharing or xnodifying the rnortgage insurer's risk, or reducing losses. If such agreement
<br />provides that an af�iliate 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 agrced to pay for
<br />Mortgage Insurance, or any other terms of the Loan. Sach agrcements will not increase the am�ount
<br />Barrower will owe For Mortgage L�surance, and the� vvill not entitle Borrower to any refund.
<br />(b) Any such agreements will not affect the rights Borrower has - if any - with respect to the
<br />Mortgage Insarance under the Hom�wners Protection Act uf 1998 or any other law. These rights
<br />may include the right to receive certain disclosures, to reqaest 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 time of such cancellation or
<br />termination.
<br />11. Assignment of MIscellaneoas Procceds; Forfeiture. All Miscellaneous Proce�is are hereby
<br />assigned to and shall be paid to Lender.
<br />If the Froperty 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 l�ssened.
<br />During such repair and restoration period, I.ender shall have the right to hold such Miscellaneous Proceeds
<br />wntil �ender has had an opportunity to inspect such Property to ensure the work has been coampleted to
<br />Lender's satisfaction, pravided that such inspection shall be undertaken prornptly. 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. Untess an agreernent is made in writing or Applicable Law requires interest to be paud on such
<br />Miscellaneous Procee�is, I..ender shall not be required to pay Borrower any interest or earnings on such
<br />Miscellaneaus Procceds. If the restoration or repair is not econornically feasible or Lender's security would
<br />be lessen�i, the Miscellaneaus Proceeds shall be applie� to the sucns secured by this Security Instrument,
<br />whether or not then due, with ihe excess, if any, paid to Borrower. Such Miscellaneous Proceeds shall be
<br />applied in the order provided for in Se�tion 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 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 lqss in value of the Property in which the fair market
<br />value of the Property immediately before the partial taking, destruction, ar lpss in value is equal to or
<br />greater than the arnount of the sums secured by this Security Instnunent imme�iately before the partial
<br />talang, destructian, ar loss in value, unless Borrower and Lender otherwise agree in writing, the surr►s
<br />secured by this Security Instrument shall be reduced by the amiount af the Miscellaneous Proceeds
<br />rnultiplied by the following fraction: (a) the total arnount of the sums secur� immediately 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 caking, destructian, or loss in value. Any balance shall be paid to Barrower.
<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 lass in value is less than the
<br />amount of the sums secured ixnmediately before the partial taking, destruction, or loss in value, unless
<br />Bo�rrow�r and I,ender otherwise agree in writing, the Miscellaneous Proceeds shall be applied to the sums
<br />secured by this Security Instrument whether or not the swns are then due.
<br />If the Pmperty is abandoned by Borirower, or if, after notice by Lender to Borrower that the
<br />Oppasing Party (as defined in the next sentence) offers to rnake an award to settle a clainr� for d�m,ages,
<br />Borrower fails to respond to Lender within 30 days after che date the notice is given, Lender is authorized
<br />to collect and apply the Miscellaneous Froceeds either to restoration or repair of the Property or to the
<br />sums secured by this Security Instrument, �cvhether or not then due. "Opposing Party" rneans the third party
<br />that owes Borrower Miscellaneous Proceeds or the party against whom Borrower 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 that, in
<br />Lender's judgment, could result in forfeiture of the Property or other materiat impairment of Lender's
<br />interest in the Property or rights under this Security Instniment. Borrower can cure such a default and, if
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />�-6(NE) �oe��� Pege 9 of 16 inniais: Form 3028 1/01
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<br />,'� � l' �P ., r. ,.
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