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<br />As a result of these agreements, L,�nder, any purchaser of the Note, another insuarer, any reinsurer,
<br />any other entity, or any af�iliate of any of the foregoing, may receive (directly or indirectly) amounts that
<br />derive from (or might be characterized as) a portion of Barrow�r's payments for Mortgage Insurance, in
<br />exchange for sharing ar modifying the mortgage insurer's risk, or reducing losses. Tf such agreement
<br />provides that an af�iliate of Lender takes a share of the insurer's risk in exchange for a share of the
<br />prerniums paid to the insurer, the arrangement is aften termed "captive reinsurance. " Further:
<br />(a) Any such agreements will not affect the amounts that Borrawer has agreed to pay for
<br />Mortgage Insurance, or any otlier terms of the Loan. Sach agreements will not increase the amount
<br />Borrower w�ll owe for Mortgage Insurance, and they will not entitle Borrower to any refu�nd.
<br />(b) Any such agreements will not affect the rights Borrower has - if any - with respect to the
<br />Mortgage Insurance under the Homeawners Pratection Act of 1998 or any other law. These rights
<br />may include the right to receive certain disclosures, to request and obtain c�ncellat�on of the
<br />Mortgage Insurance, to have the Mortgage Insurance terminated automatically, and/or to receive a
<br />refund of any Mortgage Insurance premiums that were anearnecl at the time oF such cancellation or
<br />termination.
<br />11. Assignment of Miscellaneous Proceeds; Forfeiture AXl MlSGellariE0liS PTQCOP.fIS 8,T0 h0r0�ly
<br />assigned to and shall be paid to Lender.
<br />If the J'roperty is damaged, such Miscellaneous Froceeds shall be applied to restoaration or repair of
<br />the Property, if the restoration or repair is economically feasible and Lender's securiry is not lessened.
<br />During such repair and restoration period, Lender shall have the right to hold such Miscellaneaus Proceeds
<br />until Lender has had an opportunity to inspect such Property to ensure ihe work has been campleted to
<br />I,ender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may pay for the
<br />repairs and restoration in a single disbursernent or in a series of pragress payrnents as the work is
<br />completed. Unless an agreernent is made in writing or Applicable Law requires interest to be paid on such
<br />Miscellaneous Proceeds, Lender shall not be required 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 lessened, the 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 shall be
<br />applied in the order provided for in 5ection 2.
<br />In the event of a total taking, destruction, or lass 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 of a partial taking, destruction, or loss in value 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 immediately before the partial
<br />taking, destruction, or loss in value, unless Borrower and Lender otherwise agree in wriCing, the sums
<br />secured by this Security Instrument sha,ll be reduced by We amount of the Miscellaneous Proceeds
<br />multiplied by the following fraction: (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 />irnmediately before the partial taking, destruction, ar lass in value. Any balance shall be paid to Borrower.
<br />In the event of a partial taking, destruction, or loss in value of the Property in which the fair markec
<br />value of the Property irnmediately before the partial taking, destruction, or loss in value is less than the
<br />amount af the sums secured immediately before the partial taking, destruction, or loss in value, unless
<br />Borrower and Lender otherwise agree in writing, the Miscellaneous Froceeds shall be applied to ihe 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 I.ender to Barrower that the
<br />Opposing Party (as de�ined in the next sentence) offers to make an award to settle a claim for damages,
<br />Borrower fails to respond to Lender within 30 days after the date the notice is given, Lender is authorized
<br />to collect and apply the Miscellaneous Proceeds either to restoratian or repair af the Property or to the
<br />sums secured by this Security Tnstrument, whether ar 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 />regard to Miscellaneous Proceeds.
<br />Borrower shall be in default if any action or proceeding, whether civil or criminal, is begun thaC, in
<br />Lender's judgment, cauld result in forfeiture of the Property or other material unpairment of Lender's
<br />interest in the Property or rights under this Security Instrument. Borrower can cure such a default and, if
<br />NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUM�NT ^�-�
<br />�-6�NE) lost t1 Page 9 of 15 inicieis: � 1 r Form 3028 1/07
<br />y ��' � �� �4 '� � .
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