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<br />As a result of these agreernents, Lender, any purchaser of the Note, another insurer, 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 payxnents for Mortgage lnsurance, in
<br />exchange for sharing or modifying the mortgage insurer' s risk, or reducing losses. If such agreeznent
<br />provides that an. affiliate of Lender takes a share of the insurer's risk in exchange for a share of the
<br />premiums paid to the insurer, the arrangement is ofren 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 I.�oan. Such agreements will not increase the amount
<br />Borrawer will owe for Mortgage Insurance, and they will not entitle Sorrower to any refund.
<br />(b) Any such agreements will not affect the rights Borrower has - if any - with respect ta 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 cancellation of the
<br />Mortgage Insurance, to have the Mortgage Insurance terminated automatically, and/or to receive a
<br />refund of any Mortgage Insur$nce premiums that were unearned at the time of such cancellation ar
<br />termination.
<br />11. Assignment af Miscellaneous Proceeds; Forfeitnre. A11 Miscellaneous Proceeds are hereby
<br />assigned to and shall be paid to Lender.
<br />If the Property is damaged, such Miscellaneous Froceeds shall be applied to restoration or repair af
<br />the Property, if the restoration or repair is economically feasible azid I,ender' s security is not 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 undertalcen promptly. Lender may pay fpr the
<br />repairs and restoration in a single disbursernent pr 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 sha11 not be required to pay Borrower any interest or earnings on such
<br />Miscellaneous Proceeds. lf the restoration or repair is not economically feasible or Lender's security would
<br />be lessened, t1�e Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument,
<br />whether or not then due, with the excess, if any, paid to Borrower. Such Miscellaneous Proceeds sha11 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 then due, with
<br />the excess, if any, paid to Borrower.
<br />In the event af a partial taking, destruction, or loss in valus of the Property 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 this Security Instrument immediat�ly before the partial
<br />taking, destruction, or loss in value, unless $orrower and Lender otherwise agree in writing, the sums
<br />secured by this Security Instrument shall be reduced by the amount of the Miscellaneous Proceeds
<br />multiplied hy the following fractipn: (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 shal] be �aid to Borrower.
<br />In the event of a partial taking, destnxctivn, or lass in value of the Property in which the fair market
<br />value of tha Property immediately before the partial taking, destruction, or 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 sha11 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 Borro�ver that the
<br />Opposing Party (as defined in the next sentence) offers to make an award to settle a claim for darnages,
<br />Borrower fails to respond to Lender within 30 days after the date the notice is given, Lender is authorizad
<br />to collect and apply the Miscellaneaus 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 action in
<br />re�ard ta 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 fprfeiture of the Property or other material irnpairment of Lender' s
<br />interest in the Property or rights under this Security Instrument. Borrower can cure such a default and, if
<br />230952
<br />NEBRASKA - 5ingle Family -�annie Mae/Freddie Mac UNIFORM IN5TRUMENT
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