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<br />As a result of thcse agreements, Lender, any purchaser af the Note, another insurer, any reinsurer,
<br />any ather entity, or any affiliate of any of the foregoing, may receive (dircctly or indirectly) amounts that
<br />d�rive from (or might bc charact�rized as) a portion of 13orrower's payxnents for Mortgage Insuranc�, in
<br />exchange for sharing or modifying the mor[gage insr�rer's risk, or reducing loss�s. If such agreement
<br />provides that an affiliate of T.ender lakes a share af the insurer's risk in exchange for a share of the
<br />premiums paid to the insurer, the arrangement is oft�n termed "captive reinsurance." Further:
<br />(a) Any sueh agreements will not uffeet the arnounts that Borrower hs�s agr'eed to pay for
<br />Mprtgage Insurance, or any ather terms of the Loan. Such agreements will not increase the amount
<br />Borrower will owe for Martgage Insur$nce, and they will not cntitls Borrower to any refund.
<br />(b) Any such agreerrrents will not �ffect the rights Borrower has - if any - with respect to the
<br />Mart�age Insurance under the Homeawners Protection Act of 199$ or any c�ther law. These rights
<br />may incl�rde the ri�ht to receive certain disclosures, to request and obtuin cancellation of the
<br />Mortgage Insurance, to have the Mortgage Insurance terminat�d automatically, and/or to receive a
<br />r�tnnd of any Mortgage Insurance Pretniurrrs khat were unearned at the time of such eaneellation or
<br />termination,
<br />11. Assignment of Misccllaneous Ptr'aceeds; Forfeiture. All Miscellaneous Pz'aceeds are hereby
<br />assigned to and shall bc paid tu L,ender.
<br />If the Property is damaged, such Miscellaneous Praceeds shall be applied to restoration or repair af
<br />the Property, if the r�storation or repair is economically feasible and L.ender's security is not lessened.
<br />During such repair and re;staration period, Lender shall have the right to hald such Miscellaneous Proceeds
<br />until Lender has had an opportunity to iqspect such Property to ensure thc work has been completed to
<br />Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lcnder rnay pay for the
<br />r�pairs and restoration in a single disbursernent or in a series of progress payments as the work is
<br />completed. Unless an agreement is made in writing or Applicable Law z'�quires interest to be paid on such
<br />Miscellaneous Prou�eds, Lender shall not be required to pay Boz'x'awer any interest or earnings on such
<br />Miscellaneous Proceeds. If the restoration or repair is not economically feasible or Lend�r's securi[y wauld
<br />be lessened, the Miscellan�ous Proceeds shall be applied to the sums sccured by this Security Instrument,
<br />whether or nc�t th�n due, with the excess, if any, paid to Barrawer. Such Miscellaneous Proceeds shall be
<br />applied in the arder provided for in Section 2.
<br />In the event af a total taking, destruction, or loss in value af the T'roperty, the Miscellaneous
<br />Proceeds shall be applied to the sums secured by khis Security Instrument, whether or not then due, with
<br />the excess, if any, paid to Barrawer.
<br />In the event of a partial taking, destruction, ar lass in value of the Property in which the fair market
<br />value of the Property imm�diately before the partial taking, destruction, or loss in value is equal ta ar
<br />greater than the amount of tlxe sums secured by this Security Instrument immediately before the partial
<br />taking, destruction, or loss in value, unless Bc�rraw�r and I.ender otherwise agree in writing, the sums
<br />secured by this Security Tnstrument shall be reduced by the amount of the Miscellaneaus Procceds
<br />multiplied by the following fraction: (a) the total amount of the sums secured immediately before the
<br />partial Caking, destruction, or loss in value divided by (b) ths fair market value of' the Property
<br />immediately b�:fort� the partial taking, destruction, or loss in valu�. Any balance shall be paid to 13orrower.
<br />In the event of a partial taking, destruction, or loss in value of the Prc�perty in which the fair market
<br />valuc of the Praperty immediately before the partial taking, destructian, or loss in value is less than the
<br />amUUnt of the sums secured immediately bcfare th� partial taking, destruction, or loss in value, uriless
<br />Borrower and Lender atherwise agree in writing, the Miscellaneous Proceeds shall be applied to the sums
<br />secured by this S�c:urity Instrument whether or not the sums are then due.
<br />If the Pr�perty is abandoned by Borrower, or if, after notice by I,endsr to Borrower that the
<br />Op�osing Party (as defined in the next sentence) offers to mak�. an award to settle a claim for damages,
<br />Borrower fails to respond to Lend�r within 3Q days after the date the notice is given, Lender is aulhorized
<br />to collect and apply thc Miscellaneous Proceeds either to restoration or repair of the Property or to thc
<br />sums secured by this Security Instrument, whether or not then due. "Oppasing Party" means the third party
<br />that r�wes Borrower Miscellaneous Proceeds or lhe party againsk whpm Barrower has a right of action in
<br />regard to Miscellaneous T'roceeds.
<br />Borrower shall be in default if any action or proceeding, whether civil or criminal, is b�gun that, in
<br />T.ender's judgment, could result in forfeiture of" the 1'roperty or other material impairm�nt nf I..cnder's
<br />interest in the Property or rights under this Security Ia�xstrurnent. Barrower can cure such a default and, if
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />�-6(NE) wsi i i Pape 9 of 15 initiais Form 3028 1/U1
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