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2�1009091
<br />As a result of these agre�nemts, L.ender, arry puxchaser of the Note, at�other insurer, any reinsurer,
<br />anq other entiry, ar any affiliatc af any of the foregoing, may receiv� (diraxly or indimctly) amownts that
<br />derive firom (or might be charaeteri�ed as) a portion pf BOrrower's paym�ts for Mortgage Insurance, in
<br />exchange for shazing or �twdifying the mortgage insurcr's risk, or reducing lasses. Tf such agreernent
<br />provides that an affiliat� af L,ender takea a share of the iasurer's risk in �x�hattge faz a shar� of the
<br />pr�miwns paid W the insurer, the arrangement is often termed "cxptive reinsurance." Further:
<br />(a) AnY sucl� ag�e�ents rvill not at�ed the amaunts that Borrowex has agreed to pay for
<br />Mortgage Insuranc�, or any oth� tezws af the Loan. Such agrerm�t� will not increase the amount
<br />Borrawer� will orve for Martgage Insurance, and they will not eatlde Bonrower to any re�und.
<br />(b) AnY siuch agree�ne�ts will not a#'fect the �fights Barrow� 4as - if any - with respect to the
<br />Mort}�ge Lq�urance under the Homeo�wners Prote�ction Act ot ,1998 or any ather law. These right�
<br />may itaclude the rIght to r�ve aertain disciasures, ta r�uest and ;Qbta�n cancelladon of the
<br />Mortgage Insuranoe, ta have the Mortgage Iusuramce terminated aatomadcally, and/or to receive a
<br />refund af auy Mortgage Insurance pre�ium� that were unearined at the time of such cancellation or
<br />tezwinatlom.
<br />lX. .�sslgnment af MisoelYaneous Procaeds; ForF�ture. All Miscellaneous Proceeds are h�by
<br />assigne�i to and shall be paid to �.ender.
<br />Tf thc Property is damage�i, such Miscellaneous Prc�ads shall be applied to restaration or repair af
<br />the Property, if the restoration ar repair is emnomically feasible and Lender's security is not lessened.
<br />During such nepair and restoration periad, L.ender shall have the right to hold such Miscellaneous Pmceeds
<br />until Lsnder has had an apportunity to inspect such �'roperty to ensure th� work has been completed to
<br />L.ender's satisfaction, provided that su�h inspection shall be undertaken promptly. Lender may pay for the
<br />repairs and restoration in a single disbursement or in a series of pragress payments as the work is
<br />complet.�d. Unless an ag�t�ent is rnade in weiting or Applicable I,aw reguires inte7rest to be paid on such
<br />Miscellaneous Prpcecds, LerAder sha11 not bc required to pay Borrower any int�r�t or earnings on such
<br />Miscellaneous Proceeds. If the re.storation or t�pair is t�t econoraically feasible or L,ender's security would
<br />be lessened� the Miscellaneons Proceeds shall be applicd to the sums secure�i by this Security Instrunnent,
<br />whether or not then due, wi�th the excass, if any, paid to Bormwer. Such Misc�llaneous �roceeds shall be
<br />applied in the ordex provided for in Section 2.
<br />In the event af a total taking, destruGtion, or loss in vatue of the Property, the Miscellaneous
<br />Proceeds shall be applied to the stuns secured by tlais Se�urity Instrument� whether or not then due, with
<br />the excess, if any� paad to Hatrower.
<br />In the event of a pattial taking, destnictirna, or loss in value of the Property iva which the fair m�arket
<br />vatue of the Property imrnediately before the partial tal�uag, destruction, or loss in valu� is equal tn or
<br />greater than the amount of thc sums secured by this Security Instrume�t i�iately before the partial
<br />takinS� destruation, or loss in value, unless Borrower and I.ender athcrwise agrce in wriring, the sums
<br />se�ured by this Se�urity Ins�t shall be re�ucecf by the atnount of the Miscellaneous Proce�d.s
<br />multiplied by the followang fi�ction: (a) the total amount of the sums se+�u[tred iimnediately before t�
<br />P�� �B, desuvction, or loss in value divided by (b) the fair raazket value of the Property
<br />immediately before the partaal taldng. destruction, ar loss in value. Any bala�e shall be �aid ta Borrower.
<br />In the event of a partial taking, destn�ction� or loas in value of the Property ia wtuch the fair market
<br />value of the Pro�erty immediately before the partial taking, destivctian, or loss in value is less than the
<br />amount of the swns aecured inunediately before the partial taking, destn�ctivn, or lass in value, unless
<br />Barrawer and I,ender vtheewisc agree in writing, th� Misccllan�ous Proceetls shall be applied to the sums
<br />secured by this Security Ins�t whether or not the sums are then due.
<br />If the Propc�rty is abandoned by Bar�rower, or if, after notice by Lcnder to Barrowcr that the
<br />°P�s�B P�'S' �� defined in the ncat seat�ce) offers w make an award to settle a claim for damages,
<br />Horrower faila w respond W L�ender within 30 days after the date the notice is given, L,endar is authorized
<br />ta collest an�d apply the Miscellazieous Proceeds either to r�atoration or nepair of the property or to the
<br />s�uns secured by thia Security Instrument, whether or not then due. "Opposing Party" ruoans the third P�Y
<br />that owe� Horrowec Miscellane�us Proceeds or the party against w�hom Boxrower has a right of action in
<br />regard to Miscellantaus Proceeds.
<br />Borrower shall be in default if any arxion ar proceeding, vvhether ci�vil or criminal, is begun that, in
<br />I.ender's judgmezit, could result in forfeiture of the Pmperty or ather t�naterial impairinent of I.ender's
<br />intere�t in thc Property or rights under this Security InsUument. Botrower can cure such a default and, if
<br />NEBqpSKA - Single Family - F� Mes/Frpddi4 Mac UNIPORM INSTRUNIFN7' ��Q
<br />�-B{NElroa��� , r�es��� �„�.:1.�/1� Form30x8 7107
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