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201008319
<br />As a result af these agr ments, Lender, any purchaser of the Note, another ir►suxer, airy reinsurer,
<br />atry other entity� or any a�il�ate of any of the foregoing, maY receive (directly or ind�rectly) amounts khat
<br />derive from (or might be characterLzed as) a parlion of Borrnwer's payments for Martgage Insurance, in
<br />exchange for or taodifying the mattga�e insurer's risk ar reducing losses. If such agreement
<br />prnvides that an�a lfats of L.ender takes a share af the Iasurer's xisk in exchan$e for a share of the
<br />premiums paid to the insurer, t6e arrangement is often termed "captive reinsurance." Furthec:
<br />(a) Any such agreemente will aot affect the e�maunte that Ba�rowar haa agraed ta pay for
<br />Martgage Xneurance, o� sny other te�rma of the Losa. Such a�eeme�ta will nat incxeaaa tha amount
<br />Sa�rorova wlll owe fa� Mo�tgago Inswrancg and thcy wltl aot ratitle Borrowe� to aay �refunfl.
<br />(b) Any suc�, agroa�nmts wlll mot a$act the righta Borrm�ver hae - if say - with re�pect to thc
<br />Mostgage It�uxanoe undar the Homeaame�rs Proteotion Act of 1998 ar� any atha law. Tha�e righte
<br />may inalude the ri$ht to race�ve artain disclosuree, ta roquaat and obtain canaellsti�oa of tha
<br />M�tga�o Insurance, to have tho Mastgage Insuretnca taminated autamstiealt�y, and/or to racatve a
<br />reFFuad of any Ma�tgage Insuranco prem�ums that wae unearned at the tiame of auch canoellntion ar
<br />taryninst�on.
<br />11. ant af Misoellaneous Prooeeds; Farfeitura All Miscellaneous Praceeds are hereby
<br />axsigned, ta an shall bepaid to Lender.
<br />If the Property is d�ged, such Miscellaneaus Praceeds shall be applied W restoratlon or repair of
<br />the Property , if the restnradon or repair #s economically feasible and I.ender's security Is not lessened.
<br />Durin� sucfi repair and restaration perIod, Lender shall have the ctght to hold such Mlscellaneons Prnceeds
<br />until Lender has had an apportunity to inspect such Prop�rty to ensure the work hax been completed to
<br />r,ender's satls�actian, provided that such inspectlon sb,all be undertaken promptly. Lender may pay far the
<br />repairs and restoradon in a single disbursement ax in a serles of pmgr�.ss payments as tlie work is
<br />completed. UNess an agreement is made in wrlting or Applicable L,sw require.� intcrest to be paId on such
<br />M�scellar►eous Proceeds, L.ender shall not be required to pay Borrower any Interext ar earnings an such
<br />IVli.crr.11anprn�c p�p��s, ��e restorahon or repair �s not econoznically feasible or Lender's security would
<br />be lessened, the Miscellaneous Proceeds shall be applied to We sums secured by Wis Securlty Inswment,
<br />wbether or not then due, wtth the excess, if sny, pa[d to Borrower. Such Miscellaneous Ptoceerls shall be
<br />applied ln the order ravided for in 5ecHon 2.
<br />ln the event o� a total taking, destrucdan, or lass in value of the Pr�perty, the Mlscellaneous
<br />Proceeds shall be applled to the sums secured by this Securlty Instrument, whelher or not then due, with
<br />tlie excess, if any, Paid ta Borrower.
<br />In the event of a partlal taking, destrucHon, or loss !n value of the Property in whir.h the fair market
<br />value of the Praperty immediately before tt�e partial taking, destrucflon, or loss in value is equal to ar
<br />greater than the amoant of the sums secured by tlils Securlty Instrument immediately before ths pardal
<br />taking, d�ction, or loss in value� ivaless Bonrower and Lender aWeruvise agiee in wcitlng. the sums
<br />sccured by this Securlty Listrument s�all be reduced by the amount nf the Miscellaneous Proceeds
<br />multiplied by the following fractton: (� the total amount of the sums secured imm�ediately before the
<br />parttal taking, destructinn, or loss in value divided by (b) the fair matket value of the Property
<br />immedlately befoxe the parttal taking, deslruction, or loss in value. Anay balance sha� be�i d to Borrower.
<br />In the ev�nt of ap� al taking, destructIon, or loss in value of We Pruperty in whfch the fair macket
<br />value of We Property immediately befare the partial taking, destruction�. or loss in value is less Wan We
<br />amount of the sums secured iinmediately before the partisl taking, destrnctlon, ar l�s L► value, unless
<br />Borrower and Lender otherwise agree in wridng, the Miscellaneous Procceds shall be applied to the sums
<br />secured by Wis Securlty Instrument wh�her or nnt the sums are #�en dae.
<br />If the Property is abandoned by Borruwer� or if, aflter nntice by Lender to Borrower that the
<br />Qppy�ing Party (as deflned �n the next sentence) offers to make wn award to settle a clai�m for damages,
<br />Barrower fails ta respand to Lender within 30 days afler the date the nodce is �ven, Lender is aathorized
<br />to collect and apply the Miscellaneous Proceeds either to restoratlon or repair of the Prvperty or to tLe
<br />sunas secured by this Security Instrumeat. wheWer or not then due. "Opposing Party" means the tliird party
<br />that owes Borrower Miscellaneous Proceeds ar the party against whom Borrower has a rlght of action In
<br />regard to Miscellaneous Pmceeds.
<br />Bomower shall be in default if any adion or praceeding, whether dvil or crtminial, is begun that. in
<br />Lende�r's judgment, eaWd result tn forfdture of the Praperty or other materl�l lnapa�rment of Lender's
<br />interest tn the Propexiy or rlghls aader thls Security Instrume�rt. Barrower can cure such a default and, if
<br />acceleraHan has occurred, reiastate as pmvided in Sectian 19, by causing the action or proceeding to be
<br />70852227 008A135888
<br />N�RASKA - 5ingle Femlly - F� MMIFIr�ddlv Mrc UNIFORAA INSTI�.IMB�T �
<br />���Mq �,o� P, s a,s �a.�: Fcrm So2e 1/0�
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