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2010080�3
<br />As a result of these agreements, Lender, any purchaser af the Npte, another insurer, any reinsurer,
<br />any other entity, or any af�liate of any af the foregoing, may receive (directly or i.ndirectly) 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 modifying 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 />prerniurns paid to the insurer, the anrangement is often termed "captive reinsurance." Further:
<br />(a) Any such agreements wiill not affect the amounts that Borrower has agreed to pay for
<br />Mortgage �nsurance, or any other terms of the Loan. Such agreements will not increase the amount
<br />Borrower will owe for Mortgage Insurance, and the� will not entitle Borrower to any refund.
<br />(b) Any such agre.ements will not affect the r�ghts Borrower has w if any - with respect to the
<br />Mortgage Insurance under the Homeowners Protection Act of 1998 or any other law. These rights
<br />may include the right to receive certain disclosures, to request and obtain cancelladon of the
<br />Mortgage Insurance, to have the Martgage Insurance terminated automatically, and/or to receive a
<br />refund of any Mortgage Insuurance premiums that were unearned at the time of such cancellatian ar
<br />termination.
<br />11. Assignment of Miscellaneous Proceeds; Forfeaiture. 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, T.ender sha11 have the right to hold such Miscellaneous Proceeds
<br />until Lender has had an ppportunity to inspect such Property to ensure the work has been completed ta
<br />Lender's satisfaction, provided that such inspection shall be undertaken promptly. 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. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such
<br />Miscellaneous Proceeds, Lender shall not be required to pay Bonower any interest or earnings on such
<br />Miscellaneous Praceeds. If the restoration or repair is not economically feasible or Lender's security wvuld
<br />be lessened, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument,
<br />whether or not then due, witli the excess, if any, paid co 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 ar 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 Property in which the fair market
<br />value of the Property imm�diately 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 Instruxnent immediately before the partial
<br />taking, destruction, or loss in value, unless Borrower and Lender otherwise agree in writing, the suuns
<br />secured by this Security Instrument shall be reduced by the amount of the Miscellaneous Proceeds
<br />multiplied by the following fraction: (a) the total amount af the sums secured immediately before the
<br />partial taking, destruction, or loss in value divided by (b) the fair market value of che 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 irnmediately before the partial taking, destruction, or loss in value is less than the
<br />arnount of the sums secured immediately befoare che partial taking, destruction, or loss in value, unless
<br />Barrower and Lender otherwise agree in writing, the Miscellaneous Proceeds shall be applied to 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�ned in the next sentence) offers to rnake an award to settic a claim far 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 />sums secured by this Security Instrument, whether or not then due. "Opposing Party" means the third party
<br />that owes Borrower Miscellaneous �roceeds 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, 9n
<br />Lender's judgment, could result in farfeiture of the Property or other material impai.rn�ent of Lender's
<br />interest in the Property or rights under this Security Instrument. Borrower can cure such a default and, if
<br />NEBRASKA - Singie Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT
<br />�-B�NE) loet t 1 Peae a ot i s init�ais� ��' Form 3028 1/01
<br />. �� � �1 �/ P� � v9
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