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<br />As a result of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer,
<br />any other entity, or any af�liate of any of the foregoing, may receive (directly or indirectly) amounts that
<br />derive from (or might be characterized as) a portion of Borrawer's payments for Mortgage Insurance, in
<br />exchange for sharing or modifying the mortgage insurer's risk, or reducing losses. If such agreernent
<br />provides that an affiliate 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 areinsurance." Further:
<br />(a) Any sach agreements will not affect the amounts that Sorrower has agreed to pay for
<br />Martgage Insurance, or any other terrns of the Loan. Such agreements will not increase the amount
<br />Borrower will owe for Martgage Insurance, and they will not entitle Borrower to any refund.
<br />(b) Any such agreements will not affect the rights Borrower has - if any - with res�ect to the
<br />Mortgage Insurance under the Homeawners Protection Act oF 1998 or any other law. These rights
<br />may include the right to receive certain disclosures, to reqaest and obtain eaneellation of the
<br />Mortgage Insurance, to have the Mortgage Insurance terminated automatically, and/or to ceceive a
<br />refund of any Mortgage Tnsurance premiums that were unearned at the time of sach cancellation ar
<br />termination.
<br />11. Assignment of 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 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 restoration period, Lender shall have the right to hold such Miscellanequs Proceeds
<br />until Lender has had an opportunity to inspecc such Property to ensure the work has been completed ta
<br />Lender's satisfactian, provided that such inspection shall be undertaken promptly. Lender may pay for the
<br />repairs and restoratian in a single disbursement or in a series of pragress payrnents as the work is
<br />completed. Unless an agreement is made in wricing or Applicable Law requires interest to be paid on such
<br />Miscellaneous 1'raceeds, Lender 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, the Miscellaneous Proceeds shall be applied to the sums secured by this Securicy 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 tocal taking, destzuction, or loss in value of the Praperty, 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 loss in value of the Praperty in which the fair market
<br />valus of the Property unmediately before the partial taking, destruction, or loss in value is equal to or
<br />greater than the amount of the sums secured by this 5ecurity Instrument irnmediately before the partial
<br />taking, destruction, or loss in value, unless Borrower and Lender otherwise agree in writing, the sums
<br />secured by this S�curity Instrument shall be reduced by the amaunt of the Miscellaneous Proceeds
<br />rnultiplied by the following fraction: (a) the total amount of the sums secured immediately befare the
<br />partial taking, destruction, or loss in value divided by (b) the fair markeC value of the Property
<br />immediately before the partial taking, destruction, or lass in value. Any balance shall be �aid to Borrower.
<br />Tn 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 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 ta the sums
<br />secured by this Security Instrument whether or not the sums are then due.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the
<br />Opposing Party (as de�ined in the next sentence) offers to make an award to settle a claim for damages,
<br />Borrower fails to respond to Lender within 3p 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 />surns secured by this Security Instrument, whether or not then due. "Opposing Party" 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 Miscellaneaus Proceeds.
<br />Borrower shall be in default if any action ar 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 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 UNIFORM INSTRUMENT
<br />�-6�NE) 1o8t t) Pege 9 of 15 Initials:
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<br />Form 3028 1/07
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