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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 affiliat� of any of the foregoing, may receive (directly or indirectly) amounts that
<br />derive from (or might be characterized as) a portion of Barrawer's payrnents for Mortgage Insurance, in
<br />c:xchange for sharing or modifying the mortgage insurer's risk, or reducing losses. If su�h agrecmcnl
<br />pravides that an affiliate of Lender takes a share of the insurer's risk in exchange far a sharc of Chc
<br />prrmiurns 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 agr��d to pay for
<br />Mortgage Insurance, or any other terms of th� Loan. Such agr�ements will not increase the amount
<br />Sorrower will owe for Mortgage Insurance, and they will nut entitl� Borrower to any refund.
<br />(b) Any such agreements will not afYect the right�s Sorrower has - if any - with respect ko 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 Ynsurance, to have the Mortgage Insurance terminated automatically, and/or to recciv� a
<br />r�fund af any Mortgage Insurance premiums that were unearned at the time of such cancellation or
<br />terminakion.
<br />11. Assignttaent of Miscellaneous Proceeds; Forfeiture, All Miscellaneous Proc��ds are hereby
<br />assign�d to and shall be paid to Lender.
<br />Tf the Property is damaged, suc.h Misc�llancous Proceeds shall be applied ta restoration ar repair af
<br />the Prop�rty, if W� restoration or repair is economically feasible and Lender's security is not lessened.
<br />During such r�pair and restoration period, Lender shall have the right to hold such Miscellaneous Proceeds
<br />until Lender has had an opportunity to inspect such Property to ensurc lh� work has bs�n campl�l�d lc�
<br />Lender's satisfaction, provided that such inspec[ian shall be und�riak�n protnptly. I.,ender may pay for the
<br />repairs and restoratic�n in a singl� disburs�ment ar in a s�ri�s of progress payments as the wprk is
<br />campleted. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such
<br />Miscellaneous Proceeds, L.ender shall not be required to pay Borrower any interest or earnings on such
<br />Miscellaneous Procecds. If the restoration ar repair is not ecanamically feasible ar I,snder's aecurity wnuld
<br />be lessencd, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Inslrument,
<br />whether or not 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 Instrument, whethcr or nc�t then due, with
<br />ths �xcess, if any, paid to Borrower.
<br />In the event of a partial taking, dcstruction, or lctss in valur: al' thc Propsrty in which the fair market
<br />value of the Property immediately before the partial taking, destruction, or loss in value is equal to or
<br />greater than the amount of the sums secured by this Security Instrument immediately bc:fore the partial
<br />taking, destruction, ar loss in value, unless Borrower and Lender otherwise agree in writing, the sums
<br />secured by this Sccurity Instrument shall be reduced by the amount of the Miscellaneous Proceeds
<br />multiplied by the following fraction: (a) the total amount oF the sums s�cur�d imm�diat�ly h�Fc�re the
<br />partial taking, destruction, or loss in value divided by (b) thc fair market valu� af the Property
<br />immediately before the partial taking, destruction, or loss in value. Any balance shall be paid to Borrower.
<br />In th� �v�nt of a partial taking, destructian, 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 />amount of the sums secured immediately before khe partial taking, destruction, or loss in value, unless
<br />Borrow�r and Lc.nder otherwise agree in writing, the Misc�llan�aus Procceds shall be appli�d to thc sums
<br />se:curcd by this Security Instrurnent whether ar nat the sum� are th�n duc:.
<br />If the Praperty is abandoned by Borrower, or if, after notice by Lender to Borrower that th�
<br />Oppasing Party (as defined in the next sentence) offers to make an award to settle a claim for damages,
<br />Borrower fails to respond tc� I,ender within 3Q days aflcr the date the notice is given, Lc:nder is authorized
<br />to collect and ap�ly th� Miscsllansaua PrUCSSds �ithsr to r�slaration or repair of thu Prape:rty or to the
<br />sums secured by this Security Instrument, whether or not then due. '"Opposing Party"" means the third party
<br />that owes Bonower Miscellaneous Proceeds or the party against whom Borrower has a right of action in
<br />regard to Miscellaneous Proceeds.
<br />Barrawer sha11 be in default if any action ar proceeding, whethcr civil ar criminal, is begun that, in
<br />I,�nder's judgmsnt, could result in Porfeiture pf th� Property ar other makerial impairment of Lender's
<br />interest in the Properfy or rights under this Security Tnstrument. T3orrower can cure such a default and, if
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />�-6�NE) �osiii Paqe 9 af 15 i��t��iS: Farm 3028 1/09
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