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201008481
<br />As a result of these ag�is, L,ender, any putclaaser af the Note, anottaer insurer, any reinsurer,
<br />any other entity, or any affiliatc of any of the foregoing, may receive (directly or indirectly) amounts that
<br />derive from (or might be characterized as) a portinn of Borrower's paymcnts for Mortgage Tnsurance, in
<br />exchange #or sharing or modifying the mortgage insurer's risk, ar reducing losses. If srich agreement
<br />provides ihat an affiliate of L,ender takcs a share of the insurer's risk in exchange for a share of the
<br />premaurns paid to the ;n�*+�*, the arrangement is often tern�ed "captive reinsurance." Further:
<br />(a) Any such a�reements will not af�ect the a�aounts �at Sorrower has a��eed to pay for
<br />Mprt�age Insurance, or any aWer tenms af the I,oan. Such ag�ea�ts wiq nat incr�se t�e amount
<br />Borrow� will owe for Mortgage Inswrance and they will not �dtle Borrow� to any reflind.
<br />(b) Any snch agreements will not at�ect the rights Borrower has - If auy - with nspect to the
<br />Mortgage Insurance uader the Homepwners Protection Ad of 1998 or aay other law. These rights
<br />may inclnde the right to recelve certain disclosures, to request and obtain cancellatian of the
<br />Mortgage Insurance, to have the Ma�rtgage Insurance terminated automadcally, and/or ta reoe�ve a
<br />refund af any Mortgage Lisura�nce prrmiums tl�at were unearned at the time of such cancellatlon or
<br />ter�ulnation.
<br />11. Ae�ignment oF Misoellaueou� Proceeds; ForPeihtre. All Miscellaneous �oc.e�ds are hereby
<br />assigned to and shall be paid to Lender.
<br />If the Property is damaged, suc� Miscellaneous FroceEds ahall be applie�, to restoxation or repair of
<br />the Property� if the restoration or rspair is economically feasible and I.ender's security is nat lessened.
<br />During such repair and restoration period, I.ender shall have the rigt�t w hold such Miscellaneous Proceeds
<br />until Lender has had atx appornu�ity to inspecC such Prnperty to easure the wark has been completed to
<br />Lendex's satisfaction, provided that such iaspeCtion shall be unde7taken promptly. Lender may pay for the
<br />repairs nnd restaration in a single disbursext�ent or in � series of progress payments as the work is
<br />completetl. Ualess an agr�nt is made in writing or Applicable Lavcr requires interest w be paid on such
<br />Miscellaneous Proceeds, Lender shail not be required to pay Bomower any interest or earnings on such
<br />Miscellaneous Procceds. If the restoration or repair is not economically feasible or L.ender's security would
<br />be lessened, the Miscellaaeous Proce�ds shall be applied to the sums secured by this Security Instn�ment,
<br />whether or not then due, with the c�c�ss, if any, paid to Borrower. �ch Miscellaneous Proc�eds sJaall be
<br />applied in the order provided for in Section 2.
<br />In the event of a total calaing, destruction, nr loss in value of the Property, the Miscellaneous
<br />Proceeds shall be applied W the sums sacured by this Security Instrument, whether or not then due, with
<br />the excess, if arny, Paid to Borrower.
<br />In the event of a partial taking. destruction, or lass in value of the Property in which the fair m�urket
<br />value of the �roperty inomedistely before the partia� taking, destruction, or loss in value is equal to or
<br />greater than the a�unt of the sums secured by this Security Instniment immediately before the partial
<br />taking. deswctian, or loss in value, unless Horrower and I.�nder otherwise agree in writing, the sums
<br />se�ured by this Security Instrument shall be reduced by tl�e ai�outit of the Miscellaneous Prace�ds
<br />multiplied by the following fradion: (a) the total amount of the sums sacured immediately before the
<br />partial Labiag, destruction, or loss in value divided by (b) the fair tnarl4et value of the Property
<br />inanaediately before the partial taking, destruction, or loss in value. An balance shall be paid to Borrower.
<br />In the evenc of a partial taldng, destn�ction, or loss in'value of the Prnperty in wtuch the fair market
<br />value of th� Properiy immediatcly before tlie partial taldng, destruction, or loss in value is less than the
<br />ac�unt of the sums secured immediately befarc the partial taking, d�t�ction, or loss in value, unless
<br />$orrower �d L.�de�r ntherwise agree in writing, the Miscclla�ous Proceeds shall be �plicd W the sums
<br />secw�ed by this Security Instruirient whett�et or not the suans are then due.
<br />If the Property is abandaned by Horrower, or if, after nptice by L�nder to Borrower that the
<br />Opposing Party (as de�ned in the �t sentetx;e) ofFers to malqe an award to settle a claim for damages,
<br />Borrower fails to respo�qd w L,ender within 30 days after the date the notice ia given, I.eader is authorized
<br />to coll�cct and apply the Miscellaneous Prnceeds eithcr to restoration or repair of the Property or Co the
<br />sutns secured by this Security Instrument, whether or not then due. "OPPo$�8 p�Y" �eans the tl�ird
<br />tt�t owes Horrower Miscellaneous Proce�ds or the party against whom Borrower has a right of actian�in
<br />regard to Miscellaneous Praceeds.
<br />Horrower shall be in de�fault if any action or procee�ing, whether civil ar cri�ninal, is begun that, in
<br />Lender's judgment, could result in forfeit�ue of the Property or other material impairment of L,ender's
<br />interest in the Froperty ar rights under this Securiry Instnu�nent. Horrower can cure such a ciefault and, if
<br />NEBRASKA - Sinele Family - F�nNe Mse/Frsddb Mec UNIFORM INSTRUMENT
<br />�-BINE) iosi il Pe� a w�s irrua� Form 3028 1/01
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