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201005791
<br />As a result of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer,
<br />any other entity, or any affiliate of any of the foregaing, 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 agreetnent
<br />provides that an affiliate of Lender takes a share of the insurer's risk in exchange for a share of ttne
<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 agreed to pay for
<br />Mortgage Insurance, or any other terms of the Loan, Such agreements will not increase the amount
<br />BorK'ower will owe for Mortgage insurance, and thex wi11 not entitle Borrower ta any refund.
<br />(x►) Any such agreements will not affect the nghts Barrower has - if nny - with respect to the
<br />Mortgage insurance under the Homeowners Prutection Act of 1998 or any other law. These rights
<br />may include the right to receive certain disc.losures, to request and obtain can�ellation of the
<br />Mortgage Insurance, to have the Mortgage Insurance terminated �utomatically, and/or to reccive a
<br />refund of any Mortgage Insurance premiums that were unearned at the time of such cancellation or
<br />termination.
<br />11. Assignrnent of Miscellaneous Proceeds; Forfeitare. All Miscellaneous Proceeds are hereby
<br />assigned ta and shall be paid to Lender.
<br />If the Property is damaged, such Miscellaneous Proceeds shall be applied to restaration or repair oF
<br />the Property, if the restoration or repair is economically feasible and Lender's security is not lessene�.
<br />During such repair and restoration periad, Lender shall have the right to hold such Miscellaneous Proceeds
<br />until Lender has had an opporlunity 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 srngle disbursernent or in a series of progress payrnents as the work is
<br />completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such
<br />Miscellaneous Proceeds, Lender shall not be required to pay Borrower any interest or earnings on such
<br />Miscellaneous Proceeds. If the restoration or repair is nat economically feasible or Lender's security would
<br />be lessenerl, the Miscellaneous Proceeds shall be appHed to the sums secured by this Security Instrument,
<br />whetrier or not then due, with the excess, if az►y, paid to Borrower. Such Miscellaneous Proceeds shall be
<br />applred in the arder provided for rn Section 2.
<br />In the event of a total taking, destruction, or loss in value of the Property, the Miscellaneous
<br />Proceeds shall be applie�l to the sums secured by this Security Instrument, whether or not then due, with
<br />the excess, if any, paid to Sorrower.
<br />Tn tk�e 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, destruction, or loss in value is equal to ar
<br />grcater than the amount of the swns secured by this Security Instrument irnmediately before the partial
<br />taking, destruction, or loss in value, unless Horrower and Lender otherwise agree in writing, the sums
<br />secured by this Security Instrument shall ba r�uced by the amuunt of the Miscellaneous Proceeds
<br />multiplied by the following fraction: (a) the total amount of the sums s�ured immediately hefore 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 �aid to Borrower.
<br />In the event of a partial taking, destruction, or loss in value of the Property in wluch the fair market
<br />value of the Property imrnediately 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 lnss 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 surns are then due.
<br />If the Property is abandan�i by Borrower, or if, after notice by Lender to Borrower that the
<br />�pposing Party (as defined 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 S�urity instrut►aent, whether or not then due. "Opposing Party" means the third party
<br />that owes Borrower Miscellaneous Praceeds or the pariy agarnst whom Borrower has a right of action in
<br />regard to Miscellaneous Proceeds.
<br />Borrower shall be in default if any actian 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 L�nder's
<br />interest in the Property or rights under this 5ecurity Instrument. Borrower can cure such a default and, if
<br />acceleration has occunred, reinstate as provided in Section 19, by causing the action or proceeding to be
<br />2200072053 D V6AN�
<br />NEBRASKA - 5ingle Family - Fannle Ma�/Freddle Mac UNIFORM IN5T12UMETIT WI7H MERS
<br />��A(NE)108101 PeAe s of 15 In�tials: j� b� Form 3028 1/01
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