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<br />As a result of th�se agreements, Lender, any purchaser of the Note, anath�r insurer, any reinsurer,
<br />any other entity, or any affiliate nf any of the foregoing, may receive (directly or indir�ctly) amaunts that
<br />derive from (or might be charac;lc:rized as) a portion of Borrower's payments for Morigag� Insurance, in
<br />�xchange for sharing or modifying thc morigage insur�r's risk, or reducing losses. Tf such agrecmc:nl
<br />pravid�s that an affiliate of T.ender takes a shar� af thG insurer'S risk in exchange for a share of the
<br />premiums paid to the insurer, lhc arrang�m�nk is often termed "captive reinsurance." Further:
<br />(a) Any such agreements will not affcct the amaunts that Borrower has agreed to pay for
<br />Mortgage Insurance, ar any ather terms of the Loan. Such agreements will not increase the am►aunt
<br />Borrower will owe for Mortga�e Insuranee, and they will not entitle Borrower to any refund.
<br />(b) Any such agr��ments will not affect the rights Borrower has - if any - with r�sp�ct to the
<br />Mortgage Insuranee under the Homeowners Protection Act of 1998 c�r any other law. These rights
<br />ms�y include the right to receive certain disclosures, tp request and obtain cancellation of the
<br />Mortgage Insurance, to have thc Martgage Tnsurance terminated automatically, and/or t� receive a
<br />rcfund of any Mortga�e Insurance premiums that w�re unearned at the time of such cancellation or
<br />termination.
<br />11. Assignment of Miscellaneons Praceeds; Forfeiture. All Miscellaneous Proceeds are hereby
<br />assigned to and shall be paid to T.ender.
<br />Tf the Property is datnaged, such Miscellaneous Proceeds shall be applied to restoratian ar repair of
<br />th� Property, if the restoration or repair is economically feasihl� arui I.,�nder's security is not lessened.
<br />During such repair and restoration period, Lender shall have the right to hald such Miscellaneous Proceeds
<br />until L.ender has had an appartunity ta inspect such Property to ensure the work has been completed to
<br />Lender's satisfaction, provided that such inspection shall be undertaken promptly. T.ender may pay for the
<br />repairs and restoratian in a single disbursement or in a series of progress payments as the work is
<br />campleted. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such
<br />Miscellaneous Proceeds, Lender shall not be rcquir�d ta pay Borrower any interest or earnings on such
<br />Miscellaneous Proceeds. If the restoration or repair is not economically feasible or Lender's s�curity wc�uld
<br />be lessened, the Miscsllaneous Proceeds shall be applied to the sums secured by this Security Instrumenf,
<br />whc;thcr or nat then due, with the excess, if any, paid to Borrawer. Such Miscellaneous Proceeds shall be
<br />applied in the order provided for in Section 2.
<br />In [he event of a total taking, destruction, or loss in value c�P the Praperty, the Miscellaneous
<br />Prace�ds shall be applied to the sums secured by lhis Security Instrum�nt, whether or not then due, with
<br />the excess, if any, paid to Barrawer.
<br />In the event of a partial taking, destruction, ar lr�ss in value: of lh� Praperty in which the fair market
<br />value of the Prop�rty immediately before the partial taking, destruction, or loss in value is equal to or
<br />greater than the arnpunt of the sums secured by this Security Tnstrument immediately befar� the parlial
<br />taking, destruction, or loss in value, unless Barrower and Lender otherwise agree in writing, the sums
<br />secured by this Security Instrument shall be reduced by the amount of the Miscellaneous Proceeds
<br />multiplied by ths following fraction: (a) the total amount of lhe sums secured irnrnediately before the
<br />partial taking, destruction, or loss in value divided by (b) th� fair market value of the Property
<br />immediately b�fare the partial taking, destruction, or loss in valuc. 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 markct
<br />value of lhe Property immediately before the partial taking, destruction, or loss in value is less than the
<br />amount of the sunns secured 'unmediately before the partial taking, destruction, or loss in value, uril�ss
<br />Barrawer and Lender otherwise agree in writing, the Misc�llan�ous Parc�ce�ds shall be applied to the sums
<br />secured by this Security In,strumcnt wh�th�ar nr anat ttt� sums are then due.
<br />If the Property is abandoned by Barrc�w�r, ar if, after nptice by Lender to Borrower that the
<br />Upposing Party (as defin�d in the next sentence) offers to make an award to settle a claim f'or damages,
<br />Borrower fails ta respond to Lender within 30 days after the date the notice is given, Lcndcr is aulhorized
<br />ta callsct and apply the Miscellaneous 1'roceeds either to restoration or repair of the Property c�r to the
<br />sums secured by this Secnrity Instrument, whether or not then due. "Opposing Party" means the third party
<br />that owes Borrower Miscellaneous Proceeds or the party against whom Borrower has a right of action in
<br />regard to Miscellaneous Pracseds.
<br />Borrower shall be in default if any action or proceeding, whethcr civil Ur criminal, is bagun Chat, in
<br />L�:nder's judgment, could result in forfeiture of the Property or other material impairment of Lender's
<br />interest in the Property ar rights under this Security Instrument. Borrower can cure such a default and, if
<br />NEBFiA5KA - 5ingle Family - Fannis Mae/Freddie Mac UNIFQRM INSTRUMENT
<br />�-6(NE) losi i 1 Pege 9 af 16 Initials: Fp��rl aQZ$ �/0'�
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