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<br />As a result of these agrecmeniw, Lender, any purchatier of the Nole, anolher inaurer, any reinsur��r,
<br />any other entity, or any affiliate of any of the foregoing, m�ay re,ceive (directly or indire�tly) amounts that
<br />derive from (or might be characterized as) a portion of $otrower's payments for Mortgage Insurance, in
<br />exchange for sharing or inodifying the mortgage insurer's risk, nr reducing losses. If such agreeinent
<br />provide:; thal an afliliale uf Lender l�kkes a share of the intiurer's ri�k in exchdnge fc�r a tihare of the
<br />premiums paid to the insurer, the arrangement is often termed "captive reinsurance." Furthet:
<br />(a) Any such agreements will not aifect the amounta that Borrower has agreed to pay 1'or
<br />Mortgage Insurance, ��r any other terms of the Loan. Such agreements will not increase the amount
<br />Borrawer will owe for Mortgage Insurance, and they will not entitle Borrower to any refund.
<br />(b) Any such agreements will not aTfect the rights Barrower has - if any - with respect to the
<br />Mnrtgage Insurance under the Homeowners �'rotection Act of 1998 or any other law. "T'hese righta
<br />may include the right to receive certain disclosures, to request and obtain cancellation nf the
<br />Mnrt�age In�curance, to have the Mortgage Inaurancc terminated automatically, and/or to receive a
<br />refund of any Mortgage Insurance premiums that were unearned at the time of such canccllation ur
<br />terrninafion.
<br />11. Assignment of Miacellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby
<br />as5igned to and shall bc paid to Lcndcr.
<br />If the Praperty is damaged, such Miscellaneous Proceeds shall be applied to restoration ot repair of
<br />the Property, if the restoraiion or repair is economically feasible and Lertder'S secutity is not lessened.
<br />During such repair and restoration petiod, Lender shall have the right tn hold such Miscellanevus Proceeds
<br />until Lendc.� has had an opportunity to inspe�t such Property to ensure khe work has been completed to
<br />Lender's satisFaction, provided that such inspection shall be undertaken pro[nptly. Lender may pay for the
<br />repairs and restoration in a singlc disbursemart ot in a sctics of progress payments as thc work is
<br />completed. Unless an agreement is rnade in writing or Applicable Law requires interest to be paid on such
<br />Miscellaneous Proceeds, Lendet shall not be required to pay Barreywer any interest or earnings on such
<br />Miticellane��us Proceeds. If the restoration or repair i5 not economically f�sible or Lendc,�r' ��eturily would
<br />be lessened, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instturx►ent,
<br />whether or not then due, with the excess, if any, paid to Bortawer. Such Miscellaneous Proceeds shall be
<br />applied in the ordet provided for in Section 2.
<br />In the event of a total taking, destruction, or lass in valuc of the Froperty, the Miscellxneous
<br />Proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with
<br />the exces�, if any, paid to Borrower.
<br />In thc event of a partial taking, destruction, or loss in value of the Propetty in which the fair market
<br />value of the Property immedisiely before the partial taking, destruction, or loss in value is equal to or
<br />greater than lhu amount uf lhe tium5 Sec:ureci hy this S�.urity Instrument immeciialely beFore the parlial
<br />taking, destruction, or loss in value, unless Bnrrower and Lender otherwise agree in writing, the surns
<br />sc�ured by this Security Instrument shall be reduced by thc amount of the Miscellaneous Procccds
<br />multiplied by the following fraction- (a) ihe total amount of thc sums secured imroediately before the
<br />partial tsiking, destnxction, or loss in value divided by (b) the fair inarket value of the Froperly
<br />immediately befc�re the partial taking, destructian, or loss in value. My balance shall be paid to �orrawet.
<br />In the event of a paztial taking, destrnction, or loss in value of the Property in which the fair market
<br />value of the Property i►ntnediately before thc partis�l tuking, desttuction, or loss in value is less than the
<br />amount of the sums secured immediately before ihe partial taking, destruction, or lose in value, unless
<br />$orrowet and Lender otherwise agree in writing, the Miscellaneous Proceeds shall be applied to the sums
<br />sccurcd by this Sexurity Instnuncnt whcthcr or not the surns are then duc.
<br />Cf the Propetty is abandoned by Bartower, or if, after notice by Lender to I3otrowet that the
<br />Opposing Party (as defined in the next sentence) offers to make an awatd to settle a claim for dainag�s,
<br />Borrower fails to respond to Lender within 3� days after the date the notice is given, Lender is authorized
<br />to cnllect and apply the Miscellaneous Proceeds either to restoration or repair nt the Fropetty or to the
<br />sums srxured by this Security Instrument, whether or not then due. "Opposing Party" means the lhird �arty
<br />thai owes Botrower Miscellanr�us Proceeds ot the party against whptn Bnrrnwet has a tight of action in
<br />regard tc� Mitic;ellanec�us Proceeds.
<br />Borrower shall be in default if any action or ptoceeding, whether civil or criminal, is bcgun that, in
<br />Lender's judgmenl, could re�;ull in forfciture c�f the Property or other material impairment of Lender'ti
<br />iniet�est in the Property or rights undet this Security Instrument_ Bnrrc�r�vet cxn cure such a default and, if
<br />acceletation has occurred, reinstate as providcd in Section 19, by causing the action or procecding to be
<br />3461498 3461498
<br />NEBR4SKA - Single �amily - Fannie Mae/Freddle Maa UNIFORM INSTRUMENT WI M RS
<br />��A(NE)�oa�o� P�e8of15 Initlals: �011113028 '�IQ�
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<br />603005 34fi1q98
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