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�niU08634
<br />As a result of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer,
<br />auy other entity, or any af�iliate 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 agreem�nt
<br />provides that an af�liate of Lender takes a share of the insurer's risk in exchange for a share of the
<br />premiurns paid to the insurer, the arrangement is often termed "captive reinsurance. " Further:
<br />(a) Any such agrcements wfll 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 for Mortgage Insurance, and they will not entitle Borrower to any refund.
<br />(b) Any such agreements will not affect the rights Borrowex has - if any - with respect to the
<br />Mortgage Insurance under the Hom�wners Protection Act of 1998 or any other law. These rights
<br />may inclade tl�e right to receive certain disclosures, to request and obtain cancellation af the
<br />Mortgage Insurance, to have the Mortgage Insurance terminated automatically, and/or to receive a
<br />refund of any Mortgage Insurance prem�ums that vvere unearned at the time of such cancellation or
<br />termivation.
<br />11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby
<br />assigned to and shall be paid to Lender.
<br />Tf the Property is damaged, such Miscellaneous Praceeds 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 restoratian period, Lender shall have the right to hold such Miscellaneous Proceeds
<br />until I.ender has had an opportunity to inspect such Property to ensure the work has been completed to
<br />Lender's satisfaction, provided that such inspection 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 vn such
<br />Miscellaneous Proceeds, Lender shall not be required to pay Borrower any interest or earnings on such
<br />Miscellaneaus Praceeds. If the restaration or repair is not ecanomically 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 Froceeds shall be
<br />applied in the arder provided for in Section 2.
<br />In the event of a total taking, destruction, or lass in value of the Property, the Miscellaneous
<br />Proceeds shall be applied to the sums secnred 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 af the Property immediately before the partial taking, destruction, or loss in value is equal to or
<br />greater than the amount of tk�e sums secured by this Security Instruzn.ent immsdiately befare the partial
<br />taking, destruction, or loss in value, unless Borrower and Lender otherwise agree in writing, thc sums
<br />secured by this Security Instrurnent shall be reduced by the arnount of the Miscellaneous Proceeds
<br />multiplied by the following fraction: (a) the total amount of the sums secured 'unmediately 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 Barrower.
<br />In the event of a partial taking, destruction, or loss in value af the Property in which the fair market
<br />value of the Property immediately before the partial taking, destruction, or loss in value is less than the
<br />ampunt of the sums secured immediately before the partial taking, destruction, or loss in value, unless
<br />�orrower and Lender otberwise agree in writing, the Miscellaneaus Proceeds shall be applied to the sums
<br />secured by this Security Instrument whether or not the surns are then due.
<br />If the Property is abandoned by Borrower, or i�, after notice by I.ender to Borrower that the
<br />Opposing Party (as de�ned 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 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 or not then due. "Oppasing Party" means the third party
<br />that owes Borrower Miscellaneons Proceeds or the party agaanst wham Barrower has a right of action in
<br />regard to Miscellaneous Proceeds.
<br />Barrawer shall be in default if any action or proceeding, whether civil or crirninal, 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 Property or rights under this Security Instnunent. Borrower can cur� such a default and, if
<br />NEeRASKA - Singie Family - Fannie Mae/Freddie Mec UNIFORM INSTRUMENT
<br />�-6�NE) 108� �� paae s of � s initiais: �� Form 3028 7l07
<br />, , � (i t� � 1!'•y ��
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