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<br />As a result of these agreements, Lender, any purchaser of tlae Note, another insurer, any reinsurer,
<br />any other entity, or any af�liate of any of the foregoing, may receive (directly or indirectly) amounts that
<br />derive from (or might be characCerized as) a portion of Borrower's payments for Mortgage Insurance, in
<br />exchange for shari,ng or modifying the mprtgage insurer's risk, or reducing lasses. If such agreement
<br />provides that an affiliate of I.ender takes a share of the insurer's risk in exchange for a share of the
<br />premiums paid to the insurer, the arrangement is often termed "captive reinsurance." Further:
<br />(a) Any such agreements will not affect the arnounts that Borrower has agreed to pay for
<br />Mortgage Insurance, or any othear terms of the Loan. Such agreements will not increase the amount
<br />Borrower will owe for Mortgage Insurance, and the� will not entitle Borrower to any refund.
<br />(b) Any such agreements will not affect the rights Borrower has - iF any - with respect to the
<br />Mortgage Insurance ander the Homeowners Protection Act of 1998 or any other law. These rights
<br />rnay include the right to receive certuin disclasures, to request and abtain cancellation of the
<br />Mo�rtgage Xnsurance, to have the Mortgage Insarance terminated automatically, and/or to receive a
<br />refund of any Mortgage Insurance premiums that were unearned at the time of such cancellation or
<br />termination.
<br />11. Assignment of Miscellaneous Praceeds; Forfeiture. All Miscellaneaus Proc�eds are hereby
<br />assigned ta and sha11 be paid to Lender.
<br />If the Property is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of
<br />the Property, if the restoration or repair is economically feasible and L,ender's security is not lessened.
<br />During such repair and restoratian periad, I.ender shall have the right to hold such Miscellaneous Proceeds
<br />until Lender has had an opportunity ta inspect such Property to ensure the 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 disbursement or in a series of progress payrnents 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 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 ar not then 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 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, descruction, or loss in value of tlae 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 arnount of the sums secured by this Security Tnstrument immediately before the partial
<br />taking, destruction, or loss in value, unless Borrower and Lender otherwise agree in wxiting, the sums
<br />secured by this Security Instrument shall be reduced by the amount of the Miscellaneous Proceeds
<br />rnultiplied by the following fraction: (a) the total amount of the sums secured irnrnediately before the
<br />parti�l 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 shall be �aid to Borrower.
<br />Tn 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 less than the
<br />arnount of the sums secured immediately before the partial taking, destruction, or loss in value, unless
<br />Bonawer and Lcnder atherwise agree in writing, the Miscellaneous Proceeds shall be applied to the sums
<br />secured by this Security Instrument whether or not the sums are then due.
<br />If the Praperty is abandoned by Borrower, ar if, after notice by Lender to Borrower that the
<br />Opposing Party (as de�ned in the next sentence) offers to make an award to settle a claim for dannages,
<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 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 $onower Miscellaneous Proceeds or the party against whom Banower has a right af action in
<br />regard to 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 forfeiture of the Property or other material impairment of I,ender's
<br />interest in the T'raperty pr rights under this Seeurity Instrument. Borrower can cure such a default and, if
<br />N�BRASKA - Single Family -�annie MaelFreddie Mac UNIFORM INSTRUMENT �.,�....-
<br />�-6�NE) loat �� Page 9 of 1 B Initlals: �� Form 3028 1/07
<br />K1 a" 1 f:� �,� � �i •� �
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