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<br />As a result of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer,
<br />any other entity, or any affiliate of any of the foregoing, may ceceive (direcdy or indirecdy) araounts that
<br />derive from (or might be characterized as) a portion of Borrower's payments for Mortgage Insurance, in
<br />exchange for sharing or modifying the mortgage insarer's risk, or reducing losses. If such agreement
<br />provides that an affiliate of Lender takes a share of the insurer's risk in exchange for a share of the
<br />premiums paid ta the insurer, the arrangement is often termed "captive reinsurance." Further:
<br />(a) Any such agrcements will not affect the amounts that Borrower has agreed to pay �or
<br />Mortgage Inaurauca, or any other terms of the Loan. Such agraoments will nat incressa the amount
<br />Borrowar will owe for Mortgage Insurance, and they will nat ontitla Borrowor to anx refund.
<br />(b) Any su�ch agreements will not affect the nghts Borarower has - if any - wrth respect to the
<br />Mortgaga Insurance under the Hameowners Protection Act af 1998 or any othcr law. These rights
<br />may include the right to receive ccrtain disclosures, to request and obtain cancsllatian of the
<br />Mortgage Insuxance, to have the Mortgage Insuranca torminatad sutomatically, and/or to receiva a
<br />refund of any Mortgage In.surance premiums that were unearnad at tho time of such cancollation or
<br />termination.
<br />11. Assignment of Miscellaneous Proeeads; Farfeiture. All Miscellaneous Proceeds are hereby
<br />assigned to and shall be paid ta Lender.
<br />If the Property is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of
<br />the Property, if the restoratian 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 sach Froperty to ensure the work has been completed to
<br />Lender's satisfaction, provided that such inspection shall he undertaken prompdy. Lender may pay for the
<br />repairs and restoration in a single disbursement or in a series of progress paymenks as the work is
<br />completed. Unless an agxeement 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 or not then due, with the excess, if any, paid to Borrower. Such Miscellaneoas 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 surns secured by this Security Instrument, whether or not then due, with
<br />the excess, if any, paid to Borrower.
<br />Tn the event of a partial taking, destruction, or loss in value of the Praperty in which the fair rnarket
<br />value of the Property imrnediately before the partial taking, destruction, or loss in value is equal ta or
<br />greater than the amount of the sums secured by this Security Instrument immediately hefore the partial
<br />taking, destruction, or loss in value, unless Borrower and Lender atherwise agree in writing, the sums
<br />secured by this Security Instiument shall be reduced by the amount of the Miscellaneous Proceeds
<br />rnultiplied by the following fraction: (a) the total amount of the sums secured immediately before the
<br />partial taking, destructinn, or loss in value divided by (b) the fair market value af the Property
<br />immediately before the partial taking, destruction, or loss in value. Any balance shall be �aid to Borrnwer.
<br />In the event of a partial taking, destruction, or loss in value af the Property in wluch the fair rnarket
<br />value of the Property immediately before the partial taking, destruction, or loss in value is less than the
<br />amount of the sums secured irnrnediately before the partial taking, destruction, or loss in value, unless
<br />Borrower and Lender otherwise agree in writing, the Miscellaneous Proceeds shall be applied to the sums
<br />secured by this Security Instrument whether or nat the suras are then due.
<br />If the Property is abandoned by Sorrower, or if, after notice by Lender to Sorrower that the
<br />Opposing Party (as defined in the next sentence) offers to 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 ta restoration or repair of the Property or to the
<br />sums secured by this Security Tnstrument, whether or not then due. "Opposing Party" means the third party
<br />that owes Sorrower Miscellaneous Proceeds or the party against whom Borrower has a right of 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 farfeiture of the Property or other material impairment of Lender's
<br />interest in the Property or rights under this Security Instrument. Sorrawer can cure such a default and, if
<br />acceleration has occurred, reinstate as provided in Section 19, by causing the action or proceedin to be
<br />001122236652 Cit�lViortgage 3.2.42. �7 V l l
<br />NEBRASKA - Single Family - Fannle Mae/Freddie Mac UNIFQRM INSTRUMB�IT WITH M92S
<br />�$A(Nq �asia� Page 9 of 15 i��c�ei5: �� Form 3p2$ 1/01
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