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<br />As a result of these agr�ements, Lender, any purchaser of the Note, another insurer, any reinsurer,
<br />any other entity, or any affiliate of any of the foregoing, may receive (directly or indirectly) amounts that
<br />derive from (or might be chaa as) a portion of Borrower' s payrnents for Mortgage Insurance, in
<br />exchange far sharing or modifying the mortgage insurer'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 far 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 amounts that Sorrower has agreed to pay for
<br />Mortgage Insurance, or any other terms of the Loan. Such agreements will not increase the amount
<br />Borrower will owe for Mortgage Insurance, and they will not entitle Borrower to any refund.
<br />(b) Any such agreements will not affect the rights Sorrower has - if any - with respect to the
<br />Mortgage Insurance under the Homeowners Protection Act of 199$ or any other law. These rights
<br />may include the right to receive certain disclasures, to request and obtain cancellation of the
<br />Mortgage Insurance, to have the Mortgage Insurance ternninated automatically, and/or ta receive a
<br />refund of any Mortgage Insurance premiuints that were unearned at the time of such cancellation or
<br />termination.
<br />11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellanepus Proceeds are hereby
<br />assigned to arad shall be paid to Lender.
<br />If the Praperty is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of
<br />the Praperty, if the restoration or repair is ecozaomically feasible and Lender's security is nat 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 Froperty to ensure the work has been completed to
<br />Lender' s satisfaction, provided that such inspectipn shall be undertaken promptly. Lender may pay for the
<br />repairs and restoration in a single disbursement or in a series of progress payments as the wark is
<br />completed. Unless an: agreement is rnade 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 Pxaceeds shall be applied to the sums secured by this Security Instrument,
<br />whether pr npt then due, with the excess, if any, paid to Borrower. Such Miscellaneous Prpceeds 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, 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 equal to or
<br />greater than the amaunt 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 />secur�d by this Security Instrument shall be reduced by the amount of the Miscellaneaus Proceeds
<br />multiplied by the following fraction: (a) the total amount of the sums secured immediately before the
<br />partial taking, destruction, or lpss in value divided by (b) the fair market value of the Property
<br />irnrnediately before the partial taking, dastruction, or loss in value. 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 xnarket
<br />value of the Property imxnediately befare the partial taking, destruction, or loss in value is less than the
<br />amount of the sums secured immediately before tlae partial taking, destruction, or loss in value, unless
<br />Borrower and Lender otherwise agree in writing, the Miscellaneous Proceeds shall be applied to thc sums
<br />secured by this Security Instrument whether pr not the sums are then due.
<br />Tf the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that ttae
<br />Opposing Party (as defined in the next sentence) offers to make an award ta 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 restnration or repair of the Properiy or to the
<br />sums secured by this Security Instrument, whether or not then due. "Opposing Farty" means the third party
<br />that owes Borrower Miscellaneous Proceeds or the party against whom Barrower ha.s a right of action in
<br />regard to Miscellaneous Froceeds.
<br />Bvrrower shall be in default if any action or proceeding, whether civil or criminal, is begun that, in
<br />Lender' s judgment, cpuld result in forfeiture of the Property or other material impairment of Lex►der' s
<br />interest in the Property or rights under this 5ecurity Instrument. Borrower can cure such a default and, if
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<br />N�BRA5KA - Single Family - Fannie Mae/Freddie Mac UNIFbRM INSTRUMENT � `.-y �
<br />�-s(NE) (0811) Page9 of 15 Initials: � V /�,/ Form 3028 '���')
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