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<br />As a result of these agreemencs, Lender, any purchaser of the Note, another insurer, any reinsurer,
<br />any other entity, or any affiliate of any of the faregoing, may receive (directly ar indirectly) amounts that
<br />derive from (or rnight be chazacterized as) a partian of Borrower's payments fnr Mortgage Insurance, in
<br />exchange far sharing or modifying che mortgage insurer's risk, or reducing losses. If such agreement
<br />pravides that an af�liate of Lender takes a shaze 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 ather terms of the Loan. Sach agreements will not increase the amoant
<br />Borrower wi11 owe for Mortgage Insarance and the� will not entitle Borrower to any refund.
<br />(b) Any such agreements will not aft the rights Borrower has - if any - with respect to the
<br />Mortgage Insurance under the Homeowners Protection Act of 1998 ar any other law. These rights
<br />may include the right ta receive certain disclosures, to request and obtain cancellation of the
<br />Mortgage Insurance, to have the Mortg�ge Insurance terminated automatically, and/or to receive a
<br />refund of any Martgage Insurance premiums that were unearned at the time of sach cancellation or
<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 af
<br />the Property, if the restoration or repair is economically feasible and Lender's security is nat lessened.
<br />During such repair and restoration period, I..ender shall have the right to hold such Miscellaneous Proceeds
<br />until Lender has had an opportunity to inspect such Property to ensure the work has been completed to
<br />Lender's satisfaction, provided that such inspection shall be undertaken promptly. T.endar may pay for the
<br />repairs and restoratian in a single disbursement or in a series of progress payments as the work is
<br />completed. Unless an agreernent is made in writing pr Applicable Law requires interest to be paid on such
<br />Miscellaneous Proceeds, 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 Procceds shall be applied to the sums secured by this Security Tnstrument,
<br />whether or nat 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 Miscellaneous
<br />Proceeds shall be applied to the sums secured by this Security Instrument, whether or not Chen due, with
<br />the excess, if auy, paid to Bonower.
<br />In the event of a partial taking, destruction, or loss in value of che Froperty in which the fair market
<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 ihis Security Instrument iznmediately before the partial
<br />taking, destruction, or loss in value, unless Borrower and Lender otherwise agree in writing, the sums
<br />secured by this Security Instrument shall be reduced by the amaunt of the Miscellaneous Praceeds
<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 bc �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 immediatelq befare the partial taking, destructian, ar 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 to the sums
<br />secured by this Security Instrument whetber or not the sums are then due.
<br />If the Property is abandoned by Borrower, or if, after noticc by I.ender ta Borrower that the
<br />Opposing Party (as defined in the next sentence) offers to make an award to settle a claim for da�mages,
<br />Borcower fails to respoad to T.ender 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 Miscellaneous Proceeds or the party against whom Borrower has a right of actian 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 judgment, 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 MaelFreddie Mac UNIF�RM INSTRUMENT
<br />�-B�N�) (0811) Page 9 of 76 Initlals:
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<br />Form 3028 1/07
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