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<br />As a result of these agreements, I.ender, any purc;haser af the Note, another insur�r, any reinsurer,
<br />any other cnlity, ar any affiliate of any of the foregoing, may receive (dircctly or indirectly) amounts that
<br />derive frorn (or might be characterized as) a partian af BUrrawer's payments for Mortgage Insuranc;�, in
<br />exchange for sharing ar rnodifying the mortgage insurer's risk, or reducing lUSS�s. If such agreement
<br />provides that an affiliate af I.ender takes a share of the insurer"s risk in exGhange for a share of the
<br />premiums paid to the insur�r, the arrangement is often termed "captive reinsurance." Further:
<br />(a) Any such agreements will not affect the amounts that Borrower has agreed ko �ay for
<br />Mortgage Insurance, ar any other terms of the Loan. Such agreement�5 will nok increase the amount
<br />Borrower will awe for Mortgage Insurance, and they will not entitle Borrawer ka any refund.
<br />(b) Any such agreements will not affect the rights Borrower has - if any - with respect to the
<br />Mortgage Insurance und�r the Homeowners �'rotection Act of 1998 or any other law. These rights
<br />may include the right to receive certain disclosures, to request and abtain c:ancellatian oF the
<br />Mortgage Tns�rance, to have the Mortgage Insurance terminated autamatically, and/or to receive a
<br />refund of any Mortgage �risurance premiums that were unearned at the tim� of 5uch cancellatian or
<br />termination.
<br />11. Assignment af Miscellaneous Proceeds; Forfeiture, All Miscellaneous Procceds are hereby
<br />assigned to and shall be paid ta I,ender.
<br />If th� Pr�pe.rty is damaged, such Miscellaneous Proceeds shall be applied to restaration ar repair uf
<br />the Property, if the restoration or rcpair is c:conamically feasible and L,ender's security is not lessened.
<br />During such repair and restoration period, I,ender shall have the right tc� hc�ld sueh Miscellaneous Proceeds
<br />until Lender has had an opportunity to inspect such Property to ensure the work has been completed to
<br />T.ender's satisfaction, 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 paym�nls as th� work is
<br />completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such
<br />Miscellaneaus Proceeds, Lender shall not be required to pay Borrower any interest or camings on such
<br />Miscellaneous T'roceeds. If the restoration nr repair is nnt �conornically feasible or L.ender's security would
<br />be lessened, the Miscellaneaus Pracesds shall be applied ta the sums secured by this Security Instruinent,
<br />wh�ther ar not then due, with the excess, if any, paid to Bonower. Such Miscellaneous Froceeds shall be
<br />appli�d in the arder provided for in Section 2.
<br />In the event c'�f a total taking, destruction, or loss in value of the Property, the Miscellaneous
<br />Proceeds shall l�e applied to the sums secured by this Security Tnstrument, whether or not then due, wilh
<br />the excess, if any, paid to Borrower.
<br />In th� �v�nt af a partial taking, destruction, or loss in value of the Yroperty in which the fair market
<br />value of the Property immc:diately befare th� partial taking, destructian, or lass in value is equal ta or
<br />greater than the amount af the sums s�cured by ttxis Security Instrument immediately before the partial
<br />taking, destruction, or loss in value, unless Borrower and L.ender otherwise agree in writing, the sums
<br />secured by this Security Tnstrument shall be reduced by the amount of the Miscellaneous Pmceeds
<br />multipli�d by the fcallowing fraction: (a) the total amount of the sums secured immediately bef'ore the
<br />partial taking, destruction, or loss in value divided by (b) the fair market value of the Property
<br />immcdiately befax� the partial taking, destruction, or loss in value. 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 thr: fair market
<br />value of thc Propc:rty immediately before the partial taking, destruction, or loss in value is less than the
<br />amount af th� sums secured irumediately before the partial taking, destruction, or loss in value, unless
<br />Borrower and T.ender olherwis� agree in writing, th� Misc�llan�ous �'raG�eds shall be applied to tlxe sums
<br />secured by this Security Instrum�nt wh�th�r c�r not tixe sums are th�n due.
<br />If th� Prop�r[y is abandoned by Borrower, or if, after notice by Lender to Borrower that the
<br />OppUSing Party (as defined in the next sentence) offers to make an award to settle a claim for damages,
<br />Borrower fails to respond ta L�nd�r within 3Q days aft�r thc dat� th� nUtic� is given, I,ender is autharix�d
<br />to collect and apply thc Miscc:llaneous Praceeds cithcr to reslaratic�n Ur repair pf th� Praperty c�r to Lhe
<br />sums secured by this Security Instrument, whether or not then due. "Opposing Party" means the lhird party
<br />that owes Borrower Miscellaneous Proceeds or the party against whom 13orrower has a right of action in
<br />regard to Miscellaneous Proceeds.
<br />Borrower shall h� in default if any action ar procc:eding, whethe:r civil or criminal, is begun that, in
<br />Lender's judgment, could result in forfeiture c�f th� Prpp�rty or c�th�r mat�rial impairmsnt qf I.,�ndcr's
<br />interest in the Property or rights under this Security Tnstrument. Borrower can cure such a default and, if
<br />�`" �
<br />NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM IIV57RUMENI'
<br />Q y�;�-61NE! wsi i � Paqe 9 nF 16 in�tieis: �� Fvrm 3028 1/01
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