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<br />As a result of these agreements, Lender, any putchaser of the Note, another insurcr, 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 Insuranc�, in
<br />exchange for sk�aring or modifying the mortgage insurer's risk or reducing losses. If such agreement
<br />provides that an affiliate of Lender takes a shar� of the i.nsurer's risk in exchange for a share of the
<br />premiums paid to th� insurer, the arrangennEnt ia often tearzxied "captive reinsurance." Further:
<br />(a) Any such agreements will not affect the amounts that $orrower has agreed to pay for
<br />Mortgage Insurance, or any other terms of the Loan. Such agreements will not increase the amount
<br />Borrower will owe for Mortgage Insurancc, and they will not entitle Bnrrower to any refund.
<br />(U) Any such a�rcements will not affect the rights Borrawer has - if any - with respect to the
<br />Martgage Insurance under the Homeowners Protectian Act of 1998 or any other law. These rights
<br />m�ay inclade the right to receive certain disclosures, to request and obtain cancellation of the
<br />Mortgagc Insurance, to havc the Mortgage Insurance terminated automatically, and/ar tn receive a
<br />refund uf any Mort�age Insurance premiums that were nnearned at the time of such canccllatinn or
<br />termination.
<br />11. Assignment of Misccllaneous Proceeds; Forfeiture. All Miscellaneous Procecds are hereby
<br />assigned to and shall be paid to Lender.
<br />If the Property is damaged such MiscellancouG Proceeds shall be applied to testoration or repair of
<br />the Ptoperty, if the restotation or repair is eeonomically Feasible and Lender's security is not lessened.
<br />During such repair and restoration period, Lender shall have the night to hold such Miscellaneous Proceeds
<br />until Lendcr 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 underlaken promptly_ Lender may pay for the
<br />repairs and regtoration in a single disbursernent or in a series of pragress payments as the work is
<br />completed. Unless an agreement is made in writing or Applicahle Law requires interest to be paid on such
<br />Miscellaneous Proceeds, Lender shall not be reauired 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 leasencd the MiscellaneouG Proceeds shall he applied to the surns sectued by this Security Iustnunent
<br />whether or not then due, with the excess, if any, paid ia Barrower. Such Miscellaneous Proceeds shall be
<br />applied in the order provided for in 5ection 2.
<br />In ihe event of a total taking, destructinn, or loss in value af the Property, tl�e Miscellaneous
<br />Proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with
<br />ihe excess, if any, paid to Borrower.
<br />In the event af a partial taking, destruction, or loss in valuc of the Property in which the fair market
<br />value oF the Property irntnediately bef'ore the partial taking, desiruction, or loss in Value is equal to or
<br />greater than the amount of the surns secured by this Security Insltument immediately before the partial
<br />taking, destrtitciion, or loss in value, unless Borrower and Lender otherwise agrec in writing, the sumg
<br />secured by this Security Instrument shall be reduced by the arx►ount of the Miscellancous Proceeds
<br />multiplied by the following fraction: (a) the total amount of the sums secured iimnediately before the
<br />patlial taking, destruction, or loss in value divided by (b) the fair market value af the Propetty
<br />iminediately beforc the partial taking, destruction, or loss in value. Any balance shall be paid to Bvrrower.
<br />In the event of a partial taking, destructian, or loss in value of the Property in which the fair market
<br />value o£ lhe Property irnmediately beFore the partial taking, desttuction, or loss in value is less than the
<br />amount oF lhe sums secuted immediately before the pattial taking, destructiot.i, or loss in value, unle5s
<br />Bort'ower and Lender otherwise agree in writing, t}ie Miscellaneaus Proceeds shall be applied to the sums
<br />secured hy this Security Instnunent whether or not the sums are then due.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to I3orrower that the
<br />Opposing Parly (as defined in the next sentence) offers to make an award to settle a claim for damages,
<br />Borrower failG ta respond to Lendex within 30 days after the date the notice i5 given, Lender is authorized
<br />to collect and apply the Mlscellapeous Proceeds either to restoration ot repair of the Ptoperty or to the
<br />sums secured by thia Security Instrument, wheiher or not then due. "Opposing Party" means the third party
<br />that owes Borrower Miscellaneous Ptoceeds ot ihe party against whom Borrower ha5 a right of action in
<br />regatd to Miscellancous Proceeds.
<br />I3nrr��wer shall be in default if any action or proceeding, whether civil or criminal, is begun that, in
<br />Lender's jud�rnent, could result in forfeiture of the Property or other n�aterial impainncnt of Lender's
<br />interest in the Pro�crty or rights under thrs Security Instniment. Bottower can cure such a default and, if
<br />NEBRASKA- Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />��(NE) (OS1 �) Page 9 of 15 Initials: Form 3028 1/01
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