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<br />As a result of these agreements, L,�nder, any purchaser of the Note, another insurer, any reinsurer,
<br />any other entity, or any affiliate of any of the foregaing, may receive (directly or indirectly) amounts that
<br />derive frorn (ar might be characterized as) a portion of Borrower's payments for Mortgage Insurance, in
<br />exchauge for sharing or modifying the mortgage insurer's risk, or reducing losses. If such agreemenc
<br />provides that an af�iliate of Lender takes a share of the insurer's risk in exchange for a shaze 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 amounts that Borrower has agreed to pay for
<br />Mortgage Insurance, or any other terms of the Loan. Such agreements will not increase the amount
<br />Borcower will owe for Mo� Insurance and the� will not entitle Bor�rower to any refund.
<br />(b) Any such agreements will not at't the rights Borrower has - if any - with respect to the
<br />Mortgage �nsurance under the Homeowners Protection Act of 199$ or any other law. These rights
<br />nnay include the right to receive certain disclosures, to request and obtain cancellation of the
<br />Mortgage Insurance, to have the Martgage Insurance terminated automatirally, and/ar to receive a
<br />refund of any Mortgage Insurauce premiums that were anearned at the time of such cancellation or
<br />termination.
<br />11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby
<br />assigned to and shall 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 Lender's security is not lessened.
<br />During such repair and restoration period, Lender shall have the right to hold such Miscellaneous Proceeds
<br />until Lender has had an opportunity to inspect such Property to ensure the work has been cornpleted to
<br />Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may pay for the
<br />repairs and restoratian in a single disbursement or in a series of progress payments 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 Froceeds, Lender shall not be required to pay Borrower any interest ar earnings an such
<br />Miscellaneaus Proceeds. If the restoration or repadr is anot economically feasible or Lender's securiCy 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 pravided for in Section 2.
<br />In the event of a total taking, destructian, or loss in value of the Property, the Miscellaneous
<br />Proceeds shall be applied to the sums secured by this Security Instrument, whether or noC 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 rnarket
<br />value of the Property irnmediately befarc the partial taking, destruction, ar lass in va,lue is equal ta or
<br />greater than the annount 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 writing, the sums
<br />secured by this Security Instrument shall be reduced by the amount of the Miscellaneous Proceeds
<br />multiplied by the following fraction: (a) the total amaunt of the sums secured imrnediately before the
<br />partial taking, destruction, or loss in value divided by (b) the fair market value of the Property
<br />immediately before the partial taking, destxuction, or loss in vaiue. Any balance sha11 be paid to Borrower.
<br />In the event of a partial taking, destruction, or loss in value of the Property in which the fair rnarket
<br />value of the Property immediately before the partial taking, destruction, or loss in value is less than the
<br />arnaunt of the sums secured immediately before the partial taking, destruction, or loss in value, nnless
<br />Borrower and I.�nder otherwise agree in writing, the Miscellaneous Proceeds shall be applied to the sums
<br />secured by this Security Instrurnent whether or not the sums are then due.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the
<br />Opposing Party (as de�med in the next sentence) offers to make an award to settle a claim for damages,
<br />Bonower fails to respond to I.ender within 3Q days after the date the notice is given, Lcnder is authorized
<br />to collect and apply the Miscellaneous Proceeds either to restoration or repair of the Froperty or to the
<br />sums secnred by this Secuz�ty Instrument, whether or not then due. "Opposing Party" means the thiard party
<br />that owes Borrower Miscellaneous Proceeds or the party against whorn Borrower has a right of action in
<br />regard to Miscellaneous Proceeds.
<br />$orrawcr shall be in def�ult if any aCtion or proceeding, whether civil or criminal, is begun that, in
<br />I.ender's judgment, could resulC in forfeiture of the Property or other macerial impairment of I.ender'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 Mae/Freddie Mac UNIFORM INSTRUMENT
<br />�-6(NE) loai i1 Page 9 of 15 in�s�ais: ���— Form 3028 1/01
<br />r,� '. , ' �,j l" : f .�.
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