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<br />As a result of these agceezanents, I..ender, 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 characterized as) a portion of Borrower's payments for Mortgage Insurance, in
<br />exchange for sharing or modifying the mortgage insurer's risk, or reducing losses. Tf such agreement
<br />provides that an affiliate of Lender takes a share of the insurer's risk in exchange for a share o� the
<br />pxezniums paid to the insurer, the arrangement is often termed "captive reinsurance." Further:
<br />(a) Any such agreements will not affect the amounts that Borrower has agreed to pay for
<br />Mortgage Insurance, or any other terms of the Loan. Sach agree�nents will not increase the amount
<br />Borrower will owe for Mortgage Insurance, and they will not entitle Borrower to any ret'und.
<br />(b) Any such agreements will not affect the rights Borrower has - if any - with respect to the
<br />Mortgage Insurance under the Homeowners Protection AM of 1998 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 terminated automatically, and/or to receive a
<br />refund of any Mortgage Insurance premiums that were unearned at the time af such �ancellation or
<br />termination.
<br />11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Praceeds are hereby
<br />assigned to and shall be paid to L.ender.
<br />If the Property is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of
<br />the Property, if the restoration 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 such Property to ensure the work has been cornpleted to
<br />Lender's satisfaction, pravided that such inspectian 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 work is
<br />completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid an such
<br />Miscellaneous Froceeds, L.ender shall not be required ta pay Borrower any interest or earnuigs on such
<br />Miscellaneous Proceeds. If the restoration or repair is not econornically 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 Miscellaneous Proceeds shall be
<br />applied in tY�e order pravided far in Sectian 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 swns secured by this Security Tnstnunent, whether or nat then du�, 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 znarket
<br />value of the Property immediately befare the partial taking, destructian, or loss in value is equal ta or
<br />greater than the amount 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 swns
<br />secured by this Security Instrurnent shall be reduced by the amount of the Miscellaneous Proceeds
<br />multiplied by the following fraction: (a) the total amaunt of the sums secured immediately before the
<br />partial taking, destruction, or lass 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 �aid 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 irnrnediately before the partial taking, destructian, or loss in value is less than the
<br />amount of the sums secured irnmediately before the partial taking, destructian, or loss in value, unless
<br />�otxower and I.ender otherwise agree in writing, the Miscellaneaus Proceeds shall be applied to the sums
<br />secured by this Security Instrument whether or not the sums are then due.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower 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 authorixed
<br />to collect and apply the Miscellaneous Proceeds either to restoration nr repair of the Property or to the
<br />sums secured by this Security Instrument, whether or not then due. "Opposing Party" means the third party
<br />that owes �ozxower Miscellaneous Procceds or the pariy against whom Borrawer 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 crirninal, is begun that, in
<br />L.ender's judgment, could result in forfeiture of the Property or other material impairment of Lender's
<br />interest in the Property or rights under this Security Instrument. Borrower can cure such a default and, if
<br />NEBRASKA - Single Family
<br />�-6(NE) (oat�1
<br />�
<br />Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
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