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<br />Lender providing for such termination or until termination is required by Applicable Law. Nothing in this Section
<br />10 affects Borrawer' s obligation to pay interest at the rate provided in the Note.
<br />Mortgage Insurance reimburses Lender (or any entity that purchases the Note) for certain losses it may incur
<br />iF �orrawer does not repay lhe Laan a� agreed. Aarrower is not a party to the Morlga�,e Insurance.
<br />Mortgage insurers evaluate their total risk on all such insurance in force from time to time, and may enter into
<br />agreements with other parties that share or modify their risk, or reduce losses. These agreements are on terms and
<br />conditions that are satisfactory to the tnartgage insurer and the other party (or parties) to these agreements. These
<br />agreements may require the mortgage insurer ta make payments using any source of funds that the mortgage insurer
<br />may have available (which may inalude funds obtained from Mortgage Insurance premiums).
<br />As a result of these agreements, Lender, any purchaser of the Note, another insurer, any rainsurer, any other
<br />entity, or any affiliate of any af the foregoing, may r�ceive (directly or indirectly) amounts that derive from (or might
<br />be characterized as) a portion of Borrower's payments for Mortgaga Insurance, in exchange for sharing or modifying
<br />the mortgage insurer' s risk, or reducing losses. If such agreement provides that an affiliate of Lender takes a share
<br />of the insurer's risk in exchange for a shara of the premiums paid to the insurer, the arrangement is often termed
<br />"captive reinsurance." Further:
<br />(a) Any such agreements will not affect the amounts that Borrower has agreed ka pay for Mortgage
<br />Insurance, or any other terms of the Loan. Such agre�ments will not increase the amount Barrower will awe
<br />for Mortgage Insurancc, and they will not entitle Borrower to any refund.
<br />(b) Any such agreement� will not affect the tights Borrower has - if any - with respect to the Mortgage
<br />Insnrance undcr the Homeowners Pratection Act of 1998 or any ath�r law. These rights may include the right
<br />ta receive certain disclosures, to request and obtain cancellation of the Mortgage Insurance, ta have the
<br />Mortgage Insurance terminated automatically, and/or to receivc a refund of any Mortgage Insurance premiums
<br />that were unearned at the tIme of such cancellation or termination.
<br />11, Assignment of Mi�cellaneous Proceeds; Farfeiture. All Miscellaneous Proceeds are hereby assigned to
<br />and shall be paid to Lender.
<br />If the Property is damaged, such Misoellaneous Proceeds shall bc applied to restoratian ar repair of the Property,
<br />if the restoration or repair is economically feasible and I,ender's security is not lessened. During such repair and
<br />restoration period, Lender shall have the right ta hold such Miscellaneous Proceeds until Lender has had an
<br />opportunity to inspect such Property to ensure the work has been completed to Lender's satisfaction, providcd that
<br />such inspection shall be undertaken promptly. Lender may pay for the repairs and restaration in a singl� disbursement
<br />or in a series of progress paytnents as the work is completed. Unless an agreement is made in writing or �pplicable
<br />Law requires interest to he paid an such Miscellaneous Proceeds, Lender shall nat be required to pay Borrower any
<br />interest or earnings on such Miscellaneous Procceds. If the restoration or repair is not ecnnomically feasible or
<br />Lender's security would be lessened, the Miscellaneous Proceeds shall be applied to the sums secured by this Security
<br />Instrument, whether or nat then due, with the excess, iF any, paid to Borrower. Such Miscellaneous Prooeeds shall
<br />be applied in the order provided for in Section 2.
<br />In the event of a total taking, destruction, or loss in value of the Praperty, the Miseellaneoue Proceeds shall be
<br />applied to the sums secured by this Security Instrument, whethar ar not then due, with the exaess, if any, paid to
<br />13orrower.
<br />In the avent of a partial taking, destruction, or loss in value of the Property in which the fair market value of
<br />the Property immediately before the partial taking, destrucCion, or loss in value is equal ta ar greater than the amount
<br />of the sums secured by this Security Instrument immediately before the partial taking, destruction, or loss in value,
<br />unlass Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced
<br />by the amount of the Miscellaneous Proceeds multiplied by the follawing fraction: (a) the total amount af the sums
<br />secured immediately before the partial taking, destruction, or loss in value divided by (b) the fair market value af the
<br />Property immediately before the partial taking, destruction, ar lass in value. Any balance shall be paid ta Borrower.
<br />In the event af a partial taking, destruction, or loss in value of the Property in which the fair market value of
<br />the Property iannmediately befnre the partial taking, destructian, ar loss in value is less than the amaunt of the sums
<br />secured immediately beFore the partial taking, destruction, or loss in value, unless �arrower and Lender otherwise
<br />agree in writing, the Miscellaneous Proceeds shall be applied to the sums securad by this Security Instrument whether
<br />ar not the sums are then due.
<br />If the Praperty is abandoned by Borrower, or if, after notice by Lender to Borrower that the Opposing Party (as
<br />defined in the next santence) offers to make an award to settle a claim for damagas, Borrower fails to respond to
<br />Lender within 3� days after the date the notice is given, Lender is authorized to aollect and apply the Miscellaneous
<br />Froceeds eather to restoration or repair of the Pxaperty or to the sums secured by this Security Instrument, whether
<br />or not then due. "Opposing Party" means the third party that owes Borrower Miscellaneous Proceeds or the party
<br />against wham Borrower has a right of action in regard to Miscellaneous Praceeds.
<br />Borrower shall be in default if any action or proceeding, whether civil or criminal, is hegun that, in Lendcr's
<br />judgznent, could result in forfeiture of the Property or other material impairment of Lender' s interest in the Property
<br />or rights under this Security Instrument. Borrower can aure such a deFault and, if acceleration has occurred, reinstate
<br />as provided in Seation 19, by causing the action or proceeding to be dismissed with a ruling that, in Lender' s
<br />judgment, precludes forfeiture of the Property or other material impairment of Lender's interest in the Property or
<br />rights under this Sccurity Tnstrument. The procaeds of any award or claim for damages that are attributable to the
<br />ixnpairment of Lender's interest in the Property are hereby assigned and shall be paid to Lender.
<br />All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall bc applied in the
<br />arder provided for in Section 2.
<br />12. Borrnwer Not Releaged; Forbearance By Lender Not � Waiver. Extension of the time for payment or
<br />modificatic�n af amortization of the sums secured by this Security Instrument grant�d by Lender to Harrower or any
<br />NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT DocMagic� aoo-sa9-t3a2
<br />Form 3028 1/01 Page 6 af 11 www.docros�glc.com
<br />Na3aza. aot. m„t
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