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<br />As a result of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer,
<br />any other entity, or any af�liate of any of the foregoing, may receive (directly or indirectly) amounts that
<br />derive frorn (or might be chazacterized as) a p�rtion of Borrower's payments for Martgage Insurance, in
<br />exchange for sharing or rnodifying the mortgage insurer's risk, or reducing losses. If such agreement
<br />provides that an af�liate of Lender takes a share of the insurer's risk in exchange for a share of the
<br />premiunns 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 amoant
<br />Borrower will owe t'oc Mortgage Tnsurance, and the� will not entitle Borrower to any refund.
<br />(b) Any sach agreements will not at'fect the nghts Borrower h�s - if any - with respect to the
<br />Mortgage Insurance under the Homeowners Protection Act of 1998 or any other 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 />refund of any Mortgage Insurance premiums that were unearned at the time of such cancellation or
<br />termination.
<br />11. Assignment of Miscellaneous Proceeds; Farfeiture. All Miscellaneous Proceeds are hereby
<br />assigned to and shall be paid to Lender.
<br />If the Property is damaged, such Miscellanepus Prpceeds shall be applied ta restaration 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 Miscellaneaus Proceeds
<br />until Lender has had an opportunity to inspect such Property to ensure the work has been completed to
<br />Lender's satisfactian, 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 pragress payments as the work is
<br />completed. Unless an agreernent is mad� in writing or Applicable Law requires interest to be paid on such
<br />Miscellaneous Proceeds, I..ender shall not be required to pay Borrower any interest or earnings on such
<br />Miscellaneous Proceeds. If the restoration 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 nat then due, 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 Property, the Miscellaneous
<br />Proceeds shall be applied to the sums secured by this Security Instnunent, whether ar 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 mazket
<br />value of the Property unmediately before the partial taking, destruction, ar lass 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 I.ender atherwise agree in writing, the sums
<br />secured by this Security Instrument shall be reduced by the amount of the Miscellaneous Proceeds
<br />multiplied by the following fraction; (a) tl�e 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 Propercy
<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 che 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 />arnount of the sums secured immediately befare the partial taking, destruction, or lass in value, unless
<br />Borrower and Lender otherwise agree in writing, the Miscellaneous Proceeds shall be applied to the sums
<br />secured by this Security Instrument whether or not the su.ms 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 clairn for damages,
<br />Borrower fails to respond to L,ender wikhin 3Q days after the date the notice is given, Lender is authorized
<br />to callect and apply the Misccllaneaus Proceeds eitt�er to restoration or repair of the Praperty or to the
<br />sums secured by this Security 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 Proceeds.
<br />Borrower 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 af I.ender's
<br />interest in the Property or rights under this Security Instrument. Borrower can cure such a defaulc and, if
<br />NEBRASKA - Singia Family - Fannie Mt�elFraddia Mac UNIFQRM INSTRUMENT
<br />�-B�NE) �os>>> Pege 9 of 15 in�siais���� Form 3028 1/01
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