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2010U8330
<br />As a result of thes� a�r�ements, L.ender, any purchaser of the Note, anothcr insurer, any reinsurer,
<br />any oth�r entity, ar any affiliate of any of the foregoing, may receivc (dir�ctly or indirectly) amounts that
<br />derive fram (ar rnight be characterized as) a portion of Borraw�r's payrnents for Mortgage lnsurance, in
<br />exchange for sharing or modifying the mortgage insurer's risk, ar reducing losses. If such agreement
<br />provides that an affiliate of Lender lak�s a share of th� insurer's risk in exchange for a share of the
<br />prerniums paid to the insurer, the arrangement is often termed "captive reinsurance." Further:
<br />(�) Any such agreements will not affect th� amounts khak Borrower has agreed to pay for
<br />Mortgage In.surance, ar any other terms of the Loan, Such agreements will not increase the amount
<br />8arr�wer will awe for Mortgage Insurance, and they will not entitle Borrower to any refand.
<br />(b) Any such agreements will not affect the rights Borrower has - if any - with resp�ct ta the
<br />Mortgage Insurance ander 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 />Martgage Tnsurance, to have the Mortgage Insurance terminated automati�ally, and/or ta receive a
<br />refund of any Mortgag� Insurance premiumti that w�rre unearned at the time of such cancellation or
<br />termination.
<br />11. Assignment af Miscellaneous Proceeds; Forfeiture, All Miscellaneous Proceeds are hereby
<br />assigned to and shall be paid to Lender.
<br />If the Property is damaged, such Miscellaneaus Prc�c�cc�s shall bc: ap�lied to restoration or repair of
<br />th�: Propexty, if the restoration or repair is economically feasible and Lend�r's s�curity is nat l�ssened.
<br />During such repair and restoration period, T..ender shall have the right to hold such Miscellaneous Proceeds
<br />until L.ender has had an oppartunity ta inspect such Praperty ta ensure the work has been completed to
<br />L.ender's satisfaction, provided that such inspection shall be unci�rtak�n prarnptly. Lender may pay far ths
<br />repairs and restoration in a single disburs�ment or in a s�aries af prUgress payments as the work is
<br />completed. IJnl�ss an agreement is made in writing or Applicable Law requires interest to be paid on such
<br />Misccllaneaus Praceeds, I.ender shall not be required to pay Borrower any interest or earnings on such
<br />Miscellaneous Proceeds. If the restoration or repair is not economically feasibl� ar L.ender's security wUUld
<br />be lessened, the Miscellancous Proceeds shall be applisd ta the sums sscured by this Security Instrument,
<br />whether or nat th�n due, with the excess, if any, paid to Borrower. Such Miscellaneous Proceeds shall 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 Praperty, the Miscellan�aus
<br />Proceeds shall be applied to the sums s�cured by this S�curity Instrum�nt, v�+hether or not then due, with
<br />the excess, if any, paid to Borrower.
<br />In the event of a partial Caking, destruGtipn, ar loss in value of the Praperty in which the fair market
<br />valu� of the Praperty immediately before the partial taking, destruction, or loss in value is equal to or
<br />greater than the amaunt of the sums secured by this Security Instrument immediately befc�re the partial
<br />taking, destruction, or loss in value, unless Barrow�r and Lender otherwise agree in writing, ttie sums
<br />secured by this Security Instrumcnt shall be reduc�d by the amount of tlxe Miscellaneous Proaeeds
<br />multipli�d by thc 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 />immediately befar� the partial taking, destruction, or loss in value. Any balance shall be paid to Borrower.
<br />Tn the event of a pariial taking, dcsttuction, or lass in valu� of the Property in which the fair market
<br />value of the Property immediately before the partial taking, destruction, or lass in value is less than th�
<br />amount of the sums secured immediately bcfore tlx� partial taking, d�structian, or lass in value, unless
<br />Borrower and I.ander otherwise agree in writing, the Miscellaneous Proceeds shall be applied to the sums
<br />securEd hy this Security Instrument whether or not the sums are then due.
<br />IP the Prap�rty is abandoned by Borrower, or if, after notice by L.ender to Borrower that the
<br />Op�sing Party (as defined in the next sentence) offers ta 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 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 />tt�at r�wes Borrower Miscellaneous Proceeds or the party against whom Borrower has a right of action in
<br />regard to Miscellaneous Proceeds.
<br />Borrowcr shall be in default if any action ar proceeding, whether civil or criminal, is begun that, in
<br />Lender's judgment, could result iu forf�itur� of th� Praperly ar oth�ar material impairrnent af I,endcr's
<br />interest in the Property or ri,ghts under this Security Instrument. Borrower can cure such a default and, if
<br />NEBRASKA - 5ingla Family - Fannie MaelFreddie Mac UNIFpRM INSTRUMENT
<br />�-6�NE) �oa� �� Pepe 9 of 16 i��c�ais: � Form 3028 9/01
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