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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 o� the foregoing, may receive (directly or indirectly) amounts that
<br />derive from (or might be characterized as) a portion of Borrower's payrnents for Mortgage Insurance, in
<br />exchange for sharing or modifying the mortgage insurer's risk, or reducing losses. If such agre.�ment
<br />provides that an affiliate of Lender takes a shaze of the insurer's risk in exchange for a share of the
<br />premiums paid to the insurer, tJxe arrangement is aften termed "captive reinsuz'ance." Further:
<br />(a) Any such agreements will not affect the amaunts that Bo� has agreed to pay for
<br />Mortgage Insurance, or any ather terrns oF the Loan. Sach agreements will not inerease the amount
<br />Borrower will owe for Mortgage Tnsurance, and they will not entitle Borrawer to any refund.
<br />(b) Any such agreements will not affect the rights Borrower has - if any - with respect to the
<br />Mortgage Tnsurance under the Homeowners Protection Act of 1998 or an�y other law. These rights
<br />may inclade the right to receive certain disclosures, to request and obtain rancellation of the
<br />Mortgage Insurance, to have the Mortgage Insurance terminated automatically, and/or ta receive a
<br />refund of any Mortgage Insurance premiums that were unearned at the time of such cancellation or
<br />termination.
<br />11. Assignment oF Miscellaneous Proceeds; �'orfeiture. All Miscellaneous Proceeds are hereby
<br />assigned to and shall be paid to Lender.
<br />If the Property is darnaged, such Miscellaneous Proceeds shall be applied to restoration or repair of
<br />the Property, if the restoration or repair is econornically feasible and L.ender's security is not lessened.
<br />During such repair and restoration period, Lender shall have the right to hold such Miscellaneous Procceds
<br />until Lender has had an opportunity to inspect such Property to ensure the work has been campleted to
<br />Lender's satisfaction, provide� that such inspection shall be undertaken promptly. Lender rnay pay for the
<br />repaiz's and restoration in a single disbursement or in a series of progress payments as the work is
<br />completed. Unless an agreerrzent is made in writing ar Applicable Law requires interest to be paid on such
<br />Miscellaneous Proceeds, Lender shall not be required to pay Bonower any interest or earnings on such
<br />Miscellaneous Froceeds. Tf the restoratian or repair is not econoxnically feasible or Lender's security would
<br />be lessened, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Tnstrument,
<br />whether or not then due, with the excess, if any, paid to Borrower. Such Miscellaneous Proceeds shall be
<br />applied in the order provided for in S�ction 2.
<br />In the event of a total taking, destruction, or loss in value of the Prop�rty, 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 ta Barrower.
<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 amount of the sums se.cured by this Security Instrurnent in�mediately before the partial
<br />taking, destruction, or lass in value, unless Borrower and I.ender atherwise agree in writing, the swns
<br />secured by this Security Instrument shall be reduced by the amount of the Miscellaneous Proceeds
<br />multiplied by the following fraction: (a) the tatal amount of the sums secure� immediately 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, destruction, or loss in value. Any balance shall be 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 af the Property immediately before the partial taking, destruction, or loss in value is less than the
<br />arnount of the sums secured immediately before the partial taking, destruction, or loss in value, unless
<br />Borrower and l,ender atherwise agree in writing, the Miscellaneous Procee�is shall be applied to the sums
<br />secured by this Security Instrument whether or not the swnns are then due.
<br />If the Property is abandoned by Barrower, or if, after noticE by L,�nder to Borrower that the
<br />Opposing Party (as defined in the next sentence) offers to make an award to settle a clairn for darnages,
<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 restoration or repair of the Property or to the
<br />sums secured by this Security Instrument, whether ar not then due. "Opposing Party" means the third party
<br />that owes Borrower Miscellaneous Proceeds or the party against whorn Borrower has a right of action in
<br />regazd to Miscellaneous Procceds.
<br />Borrower shall be in default if any action or proceeding, whethex civil or criminal, is begun that, in
<br />Lender's judgment, could result in forfeiture of the Property or other material impairment of I.cnder's
<br />interest in th� Praperty or rights under this Security Instrwnent. Borrower can cure such a default and, if
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />�-6�NE► los>>1 Page 9 of 15 i�rt�ais: Form 3U28 1/01
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