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201008918
<br />As a result of thes� agreernents, Lender, any purchaser of the Note, anath�r insurer, any reinsurer,
<br />any other entity, or any affiliaC� af any af the foregoing, may receive (directly c�r indirectly) amounts that
<br />derive from (or mighl be characterized as) a portion of T�orrower's paym�:nts for Mortgage Insurance, in
<br />exchange for sharing or modifying the mortgage insurer's risk, or reducing Iosses. If such agreement
<br />provides that an affiliate of I..�nder takes a share of the insurer's risk in exchang� far a share of the
<br />premiums paid to the insurer, th� arrangement is often termed "captive reinsuranc�." Further:
<br />(a) Any such agreements wull nat affect the amounts that Borrower has agreed ta Pay far
<br />Mortgag� Tnsurance, ar any other terms of the Loan. Such agreernents will nok increase the amount
<br />Borrower will owe for Mortgage Insurance, and they will not entitle Borrower to any refund.
<br />(b) Any such agreements will not affect the rights Borrower has - if any - vv�th res�eck ka the
<br />Martgag� Insurance under the Homeowners Protection Act af 1998 or s�ny other law, These ri�hts
<br />may include the right to rec�ive certain disclosr�res, to request and obtain cancellation af the
<br />Mortgage Insurance, to havc the Mortgage �nsurance terminated automatically, and/or to receiv� a
<br />refund of any Mortgag� Insurance prerninms that were unearned at the time of such cancellation or
<br />termination.
<br />11. Assignm�nt of Miscellaneous Proceeds; Forfeiture. All Miscellaneaus Proceeds are hereby
<br />assigned to and shall bC paid to Lender.
<br />If the Yroperty is damaged, such Mise�llaneaus Praceeds shall be applied to restoration or repair of
<br />the T'roperty, if the restaration or repair is economically feasible and T.ender's security is not lessened.
<br />During such repair and restaration period, L.ender shall have the right to hold such Miscellanec�us Prc7c��ds
<br />until Lend�r has had an opportunity to inspect such Property to ensurc lhe work has been cornpleted to
<br />I.ender's satisfaction, provided that such inspection shall be undertaken pramptly. L.ender may pay for the
<br />rcpairs and restoration in a single disbursement or in a series �f pragress payments as the work is
<br />complet�d. Unless an agreement is made in writing or Applicable Law requirc:s int�rest to be paid an such
<br />Miscellan�ous Proc��ds, Lender shall not be required to pay Borrower any interest ar carn�ings an such
<br />Miscellaneous Procecds. If ttxe restoration or repair is not economically feasible or I,ender's security would
<br />be lessened, the Misc�llaneous Proceeds shall ba applied to the sums secured by this Security Tnstrument,
<br />whether or not then duc, with th� �xcess, if any, paid to Barrower. Such Miscellaneous Proceeds shall be
<br />applied in the order provided for in S�c:livn 2.
<br />In the event of a taial taking, destruction, or loss in value of the Property, the Miscellaneous
<br />Proceeds shall be applied to [h� sums s�cured by this Secuarity Instrurnent, whether or not then due, with
<br />the excsss, if any, paid to Borrower.
<br />In the event of a partial taking, d�structian, c�r lass in value af ths Property in which the fair market
<br />valuu of the Property immediately before the partial taking, destruction, or loss in valus is �qual to or
<br />gr�ater than the amount of the sums secured by this Security Tnstrument immediately befare the partial
<br />taking, destzvction, ar loss in value, unless Borrower and Lender otherwise agree in writing, the sums
<br />securcd by this Security Instrument shall be reduced by the amount of the Miscellaneous Proceeds
<br />multiplied by the following fraction: (a) the tatal amount af the sums secured immediately before the
<br />partial taking, destruction, or loss in valu� divided by (b) the fair market value of the Property
<br />immediately before thc partial taking, destruction, ar lass in value. Any balance shall be paid to Borrawer.
<br />In [h� event oP 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, d�struc:tion, or laas in value is less Ihan tkie
<br />amount of the sums secured immediately before the partial taking, destruction, or loss in valuc, unlr.ss
<br />BUrrower and Lsndsr otherwise agree in writing, the Miscellaneous Proceeds shall be applied to the sums
<br />s�cur�d by this Security Instrument whether or not the sums are then due.
<br />If the Property is abandoned by Borrc�wcr, or if, after n�tice by I.,�nder ta Borrar�er that thC
<br />Upposing Party (as dePined in khe ncxt sentenc;�) Uff�rs t� mak� an award tr� settle a claim for darnages,
<br />Borrower fails to respond to T.ender within 30 days after the date the notice is given, Lender is authoriaed
<br />to collect and apply the Miscellaneous T'roceeds either to restoration or repair of the Property or to the
<br />sums secured by this Security Instrument, whether or not then due. "Qpposing Party" means the third party
<br />that owes Borrower Miscellaneous Proceeds or the party against whorn 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 criminal, is begun that, in
<br />T.ender's judgment, could result in forfeiture of the Property or other material impairment of L.ender's
<br />interest in the Prpp�rty or rights under this Security InsCrumcnt. Borrc�wer can curc: such a default and, if
<br />NEBRASKA - Singla Family - Fannie Mae/Freddie Mac UNIFARM INSTRUMENT QK
<br />�-6(NE) �oai n Paqa 9 of 16 in;t�eis Form 3028 9I09
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