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<br />As a result of these agreements, I,ender, any purchaser of the Nate, another insurer, any reinsurer,
<br />any othear entity, or any af�liate 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. If such agreernent
<br />provides that an affiliate of I.ender 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 agreements will not affect the amounts that Borrower has agrced to pay for
<br />Mortgage Insurance, or any other terms of the Loan. Such agreements will not increase the amount
<br />Borrower will owe far Mortgage Insurance, and thex wi�ll not eutitle Borrower to any refund.
<br />(b) Any such agreements will not affect the rights Barrawer has - if any - with respect to the
<br />Mortgage Insurance under the Homeowners Pirotectio�n Act of 1998 or any oWer law. These rights
<br />may include the right to receive certain disclosures, to request and obtain cancellation of the
<br />Mortgage Insurance, to have the Mortgage Insurance terminated automatically, and/or to receive a
<br />refand of any Mortgage Insarance premiums that were unearned at the time of sach cancellation or
<br />termination.
<br />11. Assignment of Miscell�neous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby
<br />assigned to and shall be paid to Lender.
<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 econornically 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 L,Qnder has had an opportunity to inspect such Property ta ensure the work has been completed to
<br />I.cnder's satisfaction, provided that such inspection shall be undertaken promptly. I.ender 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 I.aw requires interest to be paid an such
<br />Miscellaneous Proceeds, L,�nder shall not be required to pay Borrower any interest or earnings on such
<br />Miscellaneous Praceeds. If the restaration or repair is not economically 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 du�, with the excess, if any, paid to Borrower. Such Miscellaneous Proceeds 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 Froperty, 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, destructian, or loss in value is equal to 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 sums
<br />secur�d by this Security Tnstrument sha11 be reduced by the amount af the Miscellaneous Proceeds
<br />multiplied by the following fraction: (a) the total amount of the sums secured immediately before the
<br />partial taking, destruction, or loss in value divided by (b) the fair market value of the Property
<br />imrnediately 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 faar market
<br />value of the Property immediately before the partial taking, destruction, or loss in value is less than the
<br />amount of the sums secured immediately before the partial taking, destruction, or loss in value, unless
<br />Borrawer and Lender atherwise agree in writing, the Miscellaneaus Proceeds shall be applied to the swns
<br />secured by this Security Instrument whether or not the sums aze then due.
<br />If th� Property is abandoned by Borrawer, or if, after notice by Lender to Borrower that the
<br />Opposiug Party (as de�ined in the next sentence) offers to make an award to settle a claim for damages,
<br />Borrower fails to respond to L,�nder within 30 days after the date the notice is given, I.,ender 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 Instrurnent, whether or not ihen due. "Opposing Party" means the third party
<br />that owes Borrower Miscellaneous Proceeds or the party against whozn� Borrower has a right af action in
<br />regard to Miscellaneous Proceeds.
<br />Borrower shall be in default if any action or proceeding, whether civil or criminal, is begun that, in
<br />Lender's judgment, could result in forfeiture of the Property or other material impairment of Lender's
<br />interest in the Prope�ty or rights under this Security Instrument. Borrower can cure such a default and, if
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSl'RUMENT l
<br />�-6�NE) 1oe�1) Pege 9 of 18 iniciai�: Fprm 3028 1/07
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