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<br />As a result of these agreements, Lender, any purchaser of the Note, at�othcr insurer, any reinsurer,
<br />any othcr entity, or any affiliate of any of the foregoing, inay reccive (directly or indirecfly) amounts that
<br />derive trom (or might be charact�rized as) a portion of F3c�rrower' s payments for Morcgage Insurance, in
<br />exchange far sharing or modifying the mort�agc instucr's risk, or reducing losses. If such agreement
<br />providcs that an affiliate of Lender takes a share of the insurcr' s rialc in exchange for a ahare of the
<br />preiniums paid to the insurer, thc arrangc;ment is often teraned "captive reinsurance." Further:
<br />(a) Any such agrccments will not �ffcct the amounts that Borrowcr has agrccd to pay fpr
<br />Mortgage Insurance, or any other terms of thc Loan. Such agrecments will not increase the amount
<br />Sorrpwew will owe �or Martgage Insurance, and the� will not entitle Borrower to any ret'und.
<br />(b) Any such agrecments will not affect the rights Borrower has - it' any - wrtb respect to the
<br />Mortgage insurance under the Homeowners Protection Act of 1998 or �ny other law. These rights
<br />may include the right to receive ccrt$ia disclosures, to request and ol�tain cancellation of the
<br />Mortgage Insurance, ta have the Mortgage Insurance terminated automatically, and/or ta receive a
<br />refund of any Mortgage Insurance prerniums that were unearned at the time of such cancellatian or
<br />term�nation.
<br />i t. Assignment of Miscellaneous Proceeds; Torfciture. All Miscellanc;ous Proceuis arc hercby
<br />assigned to �tnd sha11 be paid to Lcnder.
<br />If the Property is da►naged such Miscellaneous Proceeds shall be applied to restoration or repair of
<br />thc Property, if Che restoration or repair is econotnically feasible and Lcnder's security is nol lessened.
<br />During such repair and restoration pericxi, Lender shall have lhe right to hold such Miscellaneous Yroceeds
<br />unCil I,ender has had an opportunity to inspect such Property to ensure lhe work has been coinpletacl to
<br />Lender's satisfaction, provided that such inspcx:tion shall be undertaken prn�nptly. Lender may pay for the
<br />repairs and restoration in a single di�burserncnt or in a scries of progress payments as the work is
<br />complcted. Unless an agreemcnt is made in writing or Applicable Law requires intcrest to be paid on such
<br />Miscellaneous Proceeds, Lendcr shall not be requircd to pay Flarrower any interc;st or earrungs an such
<br />Miscellaneous Proceeds. If the restoration or rcpair is not econo�nically feasiblc or Lcnder's security would
<br />be lessened, the Miscellaneous Proceads shall be applied to the stuns secured by this 5ecurity Instrument,
<br />whcther or not thcn due, with the excess, i� any, paid Lo F3orrower. Such Miscellaneous Proceeds shall be
<br />applied in the order provided for in SectioiY 2.
<br />In thc event ot a total takin�, dcstruction, or loss in value of the Property, the Miscellancous
<br />Proceeds shall be applic:d to the suins secured by this 5ecurity Instrumcnt, whether or not thcn due, with
<br />the excess, if any, paid to F3orrower.
<br />In the event of a parLial taking, destruction, or los5 i�� value of lhe Property in which lhe fair tnarket
<br />valuc of the Properly immcdiately before the partial takin�, destruction, or loss in value is equal to or
<br />greater lhan the amount of the suins secured by Chis Sec:urity Instrument immediately befor� the partial
<br />taking, dcstruction, or loss in value, utaless Borrower and I.ender otherwise agree in wciting, the sums
<br />securcd by this Security Inytrument shall be rcxiuced by thc amount of the Misccllaneou5 Proceecls
<br />multiplic;d by Che folluwing fraction: (a) the total ainount of the sums sccured iizunedialcly laE:fore lhe
<br />partial taking, destruction, or loss in value divided by (b) Che fair markel valuc of lhe Properly
<br />iirunediately before thc partial taking, destructinn, or loss in valuc. Any balance shall bc paid to B�rrower.
<br />In the event ot a partial laking, destrucLion, or loss in valuc of thc Property in which thc fair ir�arket
<br />value of Che Property immediately before the partial taking, destruction, or loss in value is less lhan the
<br />ainount of the suins secured iiYUnediatcly befoxe the partial taking, desCntction, or loss in value, unless
<br />F3ormwer and Lcnder olherwisc agree in writing, thc Miscellaneous Prcx;eeds shall be applied to the sums
<br />sec;ured by this Scx:urity Instrumcnt whelher or not the sums are than due.
<br />If the ProperCy ts abandoned by F3orrowcr, or if, aflcr notice by Lender to I3orrower that the
<br />Opposin� Party (as de�ned in the next santence) offers to inake an award to settle a claiiii fnr ctainagcs,
<br />F3orrower fails to respond to Lcnder wichin 30 days after thc date the notice is given, Lender is authorized
<br />to collect and apply the M.iscellaneous Procec:cis eithcr to restoralion or repair of the ProperCy or Cu the
<br />sums securcd hy this Security Instrument, whcther or not thcn due. "Opposing Party" means the third party
<br />that owes I�orraw�r Miscellaneous Proceeds or ttae party against whom Borrower has a right of action in
<br />regard to Miscellaneous Yroceeds.
<br />Borrower shall be in default it any ac:tion or procceding, whether civil or crirninal, is begun that, in
<br />Lender's judp,�nent, could result in focfeiture of Che Property or o�her material impairment of Lender's
<br />interest in the Property or rights under this Security Ins�ruinent. Borrower can cure such a defaulC and, it
<br />acccleration ha� oc:curred, reinstate as provided in Sec[ion 19, hy causing the action or pro�c$ �i�937�5
<br />8$00$93725
<br />NEBRASKA - Single Family -Fannie MaelFreddie Mac UNIFORM INSTRUMEN7 WITH ME S
<br />�-6A(NE) (oato) Page A ot 15 i�;ubis: Form 3028 1101
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