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20100904�
<br />As a result of these agreernents, Lender, any purchaser of the Note, another insurer, any reinsurer,
<br />any other entity, or any affiliate of any of the foregoing, may receive (directly or indirectly) amounts that
<br />derive from (or might be characteri�ed as) a portion of Barrower's payments for Mortgage Insurance, in
<br />exchange for sharing or modifying the mortgage insurer's risk, ar reducing losses. If such agreernent
<br />provides that an af�liate af Lender takes a share of the insurer's risk in exchange for a share of the
<br />premiums paid to the insurer, the arrangement is often termed "captive reinsurance." Further:
<br />(a) Any such agreements will not affect the �mounts that Borrower has agreed to pay for
<br />Mortgage Insurance, ar any other terms of the Lo�n. Such agreements will not increase the amount
<br />Borrower will owe for Mortgage Insurance, and they will nat entitle Borrawer to any refund.
<br />(b) Any such agreements will not affect the rights Sorrower has - if any - with respect to the
<br />Mortgage Insurance under the Ho►neowners Protection Act af 1998 or any other law. These rights
<br />may include the right to receive certain disclosures, to request and obtain cancellation of the
<br />Mortg�ge Insurance, to have the Mortgage Insurance terminated autom�tically, and/or to receive a
<br />refund af any Mortgage Insurance premiums that were unearned at the time of such cancellatian ar
<br />termination.
<br />il. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby
<br />assigned to and shall be paid to Lender.
<br />If the Property is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of
<br />the Property, if the restoration or repair is economically feasible and Lender's security is not lessened.
<br />During such repair 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 ensure the work has been campleted to
<br />Lender' s satisfaction, provided that such inspection shall be undertaken proxnptly. Lender may pay for the
<br />repairs and restoration in a single disbursement or in a series af progress payment� as the work is
<br />completed. Unless aaa 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 ar earnings on such
<br />Miscellaneous Proceeds. If the restoration or repair is not. economically feasible or Ler�der' s security would
<br />be lessened, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrurnent,
<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, d�stxuction, or loss in value of the Property, the Miscellaneous
<br />Proceeds shall be applied to the sums secured by this Security Instruament, whether or nat then due, with
<br />the excess, if any, paid to Borrower.
<br />In the event of a partial taking, destruction, or lpss in value of the Praperty in which the fair market
<br />value of the Property immediately before the partial takang, destruction, or loss in value is equal to or
<br />greater than the amount of the sums secured by this Security Instrument immediately before the partial
<br />taking, destruction, or loss in value, unless Borrower and Lender otherwise agree in writing, the sums
<br />secured by this Security Instrument shall be reduced by the amount of the Miscellaneous Proceeds
<br />multiplied by the following fraction: (a) the tatal amount of the sums secured immediately before the
<br />partial taking, destruction, or loss in value divided by (b) the fair market value of the Property
<br />imrnediately before the partial taking, destruction, or lass 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 the fair market
<br />value of the Property immediately before the partial taking, destructinn, or loss in value is less than the
<br />amount of the sums secured immediately before the partial taking, destruction, or loss in value, unless
<br />Borrower and Lender otherwise agree in writing, the Miscellaneaus Proceeds shall be applied to the sums
<br />secured by this Security Instrument whether or not the sums are then due.
<br />If the Property is abandoned by Barrower, or if, after notice by Lender to Sarrower that the
<br />Opposing Farty (as d�fined in the next sentence) offers to make an award to settle a claixr� for darnages,
<br />Borrpwer fails to respond to Lender within 30 days after the date the notice is given, Lender is authorized
<br />to collect and apply the Miscellax�eous Proceeds either to restoration or repair of the Property or to the
<br />sums secured by this Security Instrument, whether or not then due. "Opposing Farty" zneans the third pazty
<br />that owes Borrower Miscellaneous Proceeds ar the party against whoxn Borrower has a right of action in
<br />regard to Miscellaneous Proceeds.
<br />Barrower shall be in default if any action or proceeding, whether civil or criminal, is begun that, in
<br />Lender' s judgment, could result in forfeiture of the Property or other material iriapairment of Lender' s
<br />interest in the Property or rights under this Security Instrument. Borrawer can cure such a dafault and, if
<br />230981
<br />NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUM�NT
<br />�-6�N�) (0811) Page9 of 15 i��nais: ����Y� Form 3028 1101
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