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<br />As a result of these agreements, Lender, any purchaser of the Note, another insurer, any rexnsurer,
<br />any other cntity, or any affiliate of any of the foregoing, may receive (directly ar indirectly) amounts that
<br />derive from (or might be characterized as) a portion of Borrower' s payments For Mortgage Insurance, in
<br />exchangc far sharing or modifying the mortgage insurer's r�sk, oar reducing losses. If such agreenaent
<br />provides that an affiliate of Lender takes a share of the insurer's risk in exchange for a share af the
<br />premiums paid to the insurer, the arrangement is often termed "captive reinsurance." Further:
<br />(a) Any such agreementa will not affect the amount� that Borrawer has agreed to pay for
<br />Mortgage Insurance, or any other terms of the Loan. Such agreena�ents wfll not increase the amount
<br />Borrower will awe for Mortg�ge Insurance, and the� will not entitle Borrower to any refund.
<br />(b) Any such agreements will not affect the nghts Borrower has - if any - with re�pect tn the
<br />Mnrtgage Insurance nnder 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 />Mortgage Inaurance, to have the Moartgage Insurance terminated automatically, and/ar to receive a
<br />arefund of any Mortgage Insurance premiums that were unearned at the time af such canceUation or
<br />terminatiun.
<br />11. Assignment of Miscellanenus Praceeds; Forfeiture. All Miscellaneous Proceeds are hereby
<br />assigned to and shall be paid to Lender.
<br />If the Property is damag�, such Miscellaneous Proceeds shall ba applied to restoration or repair of
<br />the Property, if the restoration or repair is ecanornically feasible and Lender' s security is not lessex��d.
<br />During such repair and restoration period, Lecader shall have the right ta hold such Miscellaneous Praceeds
<br />until Lender has had an opportunity to inspect such Property to ensure the work has be�n completed to
<br />Lender's satisfactran, provided that such inspection shall be undertaken prornptly. Lender may pay far the
<br />repairs and reatoration in a single disbursement or in a series of progress paym�er�ts as the work is
<br />cornpleted. Unless an agreement is made in writing or Applicable Law requires interest to be paid on sueh
<br />Miscellaneous Proceeds, Lendcr shall not be required to pay Borrower any interest or earnings an suc}�
<br />Miscellaneous Proceeds. If tk�e restoration or repair is not ectinornically feasible or Lender' s security would
<br />be lessened, the Miscellaneous Prnceeds shall be applied ta the sums secured by this Security Instrument,
<br />whether or nat then due, with the excess, if aay, paid to Barrawer. 5�ch Miscellaneous Proceeds slaall be
<br />appli� 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 securad by this Security Instrument, whether or not then due, with
<br />the excess, if any, paid to Botx'ower.
<br />In the event of a partial taking, destruction, or loss in value of the Property in which tha fair market
<br />value of the Property imme�cliately before the partial takin. g, destruction, or loss in value is equal to or
<br />gxeater than the amount of the sums secured by this Security Ins�ument inamediately before the partial
<br />taking, destruction, or loss in value, unless Horrower and Lender otherwise agree in writing, the sums
<br />secured by this Security Instrument shall be raduced by the amount of the Miscellaneous Proce�ds
<br />multiplied by the following fraction: (a) the tatal amount a£ the sums secured imm�diately 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 taldng, deslxuction, or loss in value. Any balance shall be paid ta Borrow�r.
<br />In the event of a partial taking, destruchon, or loss in value of the Praperty in which the fair rnarket
<br />value of the Prope�cfiy immediately before the partial taking, desixuction, or loss in value is less than the
<br />amount of the surns secured irnrnediately before the partial taldng, deslrucl or loss in value, unless
<br />Borrower and Lender otherwise agree in writing, the Miscellan�us Procceds shall be applied ta the sums
<br />secured by thi s Security Inslrurnent whether or not the sums are then due.
<br />If the Property is abandoned by Borrower, or if, after notice by Le�ader to Horrower that the
<br />Opposing Party (as defined in the next sentenca) affers to nnake an, award to settle a claim for damages,
<br />Sorrower fails to respond to Lender within 30 days after the date the notice is given, Lender is authorized
<br />to callect and apply the Miscellaneous Proceeds either to restoration or repair of the Property or to the
<br />sums seeured by this 5ecurity Instrument, whether or not then due. "Opposing Pariy" rneans the third party
<br />that owes Borrower Miscellaneous Proceeds or the party against whorn Bo:rrower has a right of action in
<br />regard to Miscellaneous Proceeds.
<br />Borrower shall be in default if any action or proce�ding, wh�ther civil ar criminal, is begun that, in
<br />Lender's judgment, cauld result in farfeiture of the Property or other rnaterial impairment of Lender's
<br />interest in the Froperty or rights under this Security Inshwnent. Borrower can cure such a default and, if
<br />acceleration has occurred, rernstate as provided in Section 19, by causing the action or procee�iing to be
<br />22Q0068229 D V6AN�
<br />NEBFCA5KA - Single Family - Fannie Mae/Freddle Mac UNIFORM INSTRl1MENT WfT
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