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<br />As a result of these agreements, Lender, any purchaser af the Note, another insurer, any reinsurer,
<br />any other entity, or any af�liate of any of the foregoing, may receive (directly or indirectly) amounts that
<br />derive frorn (or might be characterized as) a portion of Sorrower's payments for Mortgage Insurance, in
<br />exchange for sharing or modifying the �mort�age insurer's risk, or reducing losses. If such agreement
<br />provides that an affiliate of Lender takes a share of the insur�r's risk in exchange for a share of the
<br />premiums paid to the insurez', 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 other terms of the Loan. Such agreett�ents will not increase the amount
<br />Sorrower will owe for Mortgage Insurance, and they will not entitle Sorrower to any refund.
<br />(b) Any such a�reements will not affect the rights Sorrower has - if any - with respect to the
<br />Mortgage Insurance under the Hameowners 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, ta have the Mortgage Insurance terminated automatically, and/or to receive a
<br />refund of any Mortgage insurance premiums that were unearned at the time of such cancellation or
<br />termination.
<br />11. Assignment of Miscellaneous �roceeds; Forfeiture. All Miscellaneous Proceeds are hereby
<br />assigned to and shall be paid to Lender.
<br />Tf 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, Lender shall have the night to hold such Miscellaneous Proceeds
<br />until Lender has had an opportunity to inspect such Property to ensure the work has been campleted to
<br />Lender' s satisfaction, provided that such inspection shall be undertaken promptly. Lender may pay for the
<br />repairs and restoration in a single disbursexnent 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 Sorrower any interest or eamings on such
<br />Miscellaneous Proceeds. If the restoration or repair is not econom.ically feasible or Lender's security would
<br />be lessened, the Miscellaneous Proceeds shall be applied to the suxn� secured by this Security Instrument,
<br />whether or not then due, with the excess, if any, paid to Borcower. 5uch Miscellaneous Proceeds shall be
<br />applied in the order provided for in Section 2.
<br />In the event of a total taking, destructian, 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, witla
<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 imnaediately before the partial taking, destruction, pr loss in value is equal to or
<br />greater than the amount of the sums secured by this Security Instrument immediately 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 Instxument shall be reduced by che amount of the Miscellaneaus Proceeds
<br />multiplied by the following fraction: (a) the total amount of the sums secured immediately before the
<br />partial taking, dest� or loss in value divided by (b) the fair market value of the Property
<br />immediately befpre the partial taking, destruction, or loss in value. Any balance shall be paid to Bozrawer.
<br />In the event of a partial taking, destruction, or lass in value of the Property in which the fair market
<br />value af the Property immediately before the partial taking, destruction, or loss in value is less than the
<br />amaunt of the sums secured irnmediately before the partial taking, destruction, or loss in value, unless
<br />Borrower and Lender otherwise agree in writing, the Miscellaneaus 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 natice by Lender ta Borrower that the
<br />Opposing Party (as defined in the next sentence) offers to make an award to settle a claim for damages,
<br />Sorrower fails to respond to Lender within 30 days after the date the notice ia given, Lender is authorized
<br />to collect and apply the Miscellaneous Proceeds either to restaration or repair af the Property or to the
<br />surns secured by this Security Instrument, whether or npt then due. "Oppasing Party" means the third party
<br />that owes Borrower Miscellaneous Proceeds or the party against whonn $orrower has a right of action in
<br />regard to Miscellaneous Proceeds.
<br />Borrower shall be in default if any actiqn 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. Borrawer can cure such a default and, if
<br />2309�49
<br />NEBRASKA - Single Family - Fannie MaelFreddfe Mac UNIFORM INSTRIIMENT �
<br />�-6�NE) �oe��> Pa0e9 of 15 inaiais: ��� Form 3028 1/07
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