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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 affiliate of any of the foregoing, may receive (directly ar indirectly) amounts that
<br />derive fronn (or might be characterized as) a portion of Barrower's payments for Mortgage Insurance, in
<br />exchange for sharing or modifying the mortgage insurer's risk, or reducing lasses. If such agreement
<br />provides that an affiliate of Lender takes a share of the insurer's risk in exchange for a share of the
<br />prerniurns paid to the insurer, the arrangement is aften terzned "captive reinsurance." �urther:
<br />(a) Any such agreements will nat affect the amounts that Borrower has agreed to pay for
<br />Martgage Insurance, or any other terms of the Loan. Such agreements will not increase the amount
<br />Borrower will owe far Mortgage Insurance, and they witl not entitle Borrower to any refund.
<br />(h) Any such agreements will not affect the rights Borrower has - if any - with respect to the
<br />Mortgage Insurance under tl�e Homeowners Protection Act of 1998 or any other law. These rights
<br />may include the right to receive certain disclosures, to request and obtain cancellation of the
<br />Mortgage Insurance, to have the Mortgage Insurance ternninated automatically, and/or to receive a
<br />refund of any Mortgage Insurance premiuras that were unearned at the time of such cancellation or
<br />termination.
<br />11. Assignment of Miscellaneaus Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby
<br />assigned to and shall be paid ta Lender.
<br />If the Praperty is damaged, such Miscellaneous Proceeds shall be applied to restoration or repaiar of
<br />the Property, if the restoration or repair is econoznically feasible and L.ender's security is not lessened.
<br />During such repair and restoration period, Lender shall have the right to hold such Miscellaneous Proceeds
<br />until Lender has had an opportunity to inspect such Property to ensure the woxk has been completed to
<br />L.ender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may pay fox 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 an such
<br />Miscellaneous Proceeds, Lender shall not be required to pay Borrower any interest or eamings on such
<br />Miscellaneous Praceeds. If the restoration or repair is not ecanomically feasible or Lender's security would
<br />be lessened, the Miscellaneous Froceeds shall be applied to the sums secured by this Security Instrument,
<br />whether or not then due, with the excess, if any, paid to Borrowex. 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 Miscellaneous
<br />Proceeds shall be applied to the sums secured by this Security Instrurnent, whether ar not then due, with
<br />the excess, if any, paid to Borrowex.
<br />Tn the event of a partial taking, destruction, or loss in value of the Pxoperty in which the faix market
<br />value of the Property imxnediately before the partial taking, destruction, or loss in value is equal to or
<br />greater than the amount of the surns secured by this Security Instrument irnrnediately before the partial
<br />taking, destruction, or loss in value, unless Barrower and Lender otherwise agree in writing, the sums
<br />secured by this Security Instrument shall be reduced by the arnount of the Miscellaneous Proceeds
<br />multiplied by the following fraction: (a) the total amount of the sums secured 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 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 Property immediately before the partial taking, destruction, or loss in value is less than the
<br />amount of the sums secured imrnediately before the partial taking, destruction, or loss in value, unless
<br />Borrower and I.ender otherwise agree in writing, the Miscellaneous Proceeds shall be applied to the sums
<br />secuted by this Security Instrument whether or not the sums are then due.
<br />If the Property is abandoned by Borrower, or if, after anotice by Lender to Borrower that the
<br />Opposing Party (as defined in the next sentence) offers to rnake an award to settle a claim 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 />sunns secured by this Security Instrument, whether or not then due. "Opposing Party" means the third party
<br />that awes Borrower Miscellaneous Proceeds or the party against whom Borrower has a right of action in
<br />regard 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 judgzxaent, could result in forfeiture of the Property or other material im.pairment of Lender's
<br />interest in the Property or rights under this Security Instrument. Borrower can cure such a default and, if
<br />acceleration has occurred, reinstate as provided in Section 19, by causing the action or proceeding to be
<br />2200067769 D V6ANE
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFQRM INSTRUMENT WITH MERS � �
<br />�-6A�NE) loaiol Page 9 of 15 in�ciais: {�� Form 3b28 7/07
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