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<br />As a result of these agreements, Lender, any purchaser nf th� Note, another insurer, any reinsurer,
<br />any other entity, or any affiliats af any of the foregoing, may receive (directly or indirectly) amounls that
<br />derive from (or might be characterized as) a portion of Borrower's payments for Martga�� Insuranc�, in
<br />exchange for sharing or modifying Ch� martgage ir�sur�r's risk, or reducing losses. Tf such agreement
<br />provides that an afFiliate of I,ender takes a share of the insurer's risk in exchange for a share of the
<br />premiums paid to th�: insurc:r, the arrangement is often termed "captive reinsurance." Further:
<br />(a) Any such s�greements r'vill not affect the amounts that Borrower has a�r�ed to pay for
<br />Mortgage Insarance, or any other terms of the Lc�an. Such agreements will not increase the amount
<br />Sorrower will owe for Mortgage Insuranc�, and they will not entitle Borrower to any refund.
<br />(b) Any such agreements will not affect th� rights Barrawer has - if any - with respect to the
<br />Mortgage Insurance under the Homeowners Protection Act of 1998 or any other law. These ri�;htti
<br />may include the right to receive certain disclosures, to request and obtuin cancellation of the
<br />Mortgag� Insaranee, to have the Mortgage Insurance terminated automatically, and/or tp receiv� s�
<br />refund of any Mortgage Insnrance �remiums khat were unearned at the time of such cancellation or
<br />termination.
<br />11. Assignment af Miscellaneous Proceeds; Forfeiture, All Miscellaneous Proceeds are hereby
<br />assigned la and shall be paid to L.ender.
<br />Tf the 1'roperty is ciamag�d, such Miscellaneaus Praceeds slxall be applied to restoration or repair of
<br />tJie Praperty, if th� restoration or repair is economically feasible and l.ender's security is not lessened.
<br />During such repair and restoration period, L,ender shall have the right to hold such Miscellaneous Proceeds
<br />until Lender has had an opportunity to inspcct such Pro�erty ta ensurc the wark has been carnpleted tp
<br />Lender's satisf'action, provided that such inspection shall be undertaken promptly. I�ender may pay for th�
<br />repairs and restoration in a single disbursement or in a series of progress payments as thc wc�rk is
<br />completcd. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such
<br />Misccllan�UUS Proceeds, Lender shall not be required to pay Borrower any interest or earnings on such
<br />Miscellaneous 1'roceeds. IF the restaratian or r�pair is not �canamically feasible or Lender's security wpuld
<br />be lessened, the Miscellan�aus Prac;eeds shall be applied ta the sums secured by this Security Instrurnent,
<br />whether or not then due, with the excess, if any, paid to Borrower. Such Miscellancaus Proce�ds shall b�
<br />applied in the order provided for in Section 2.
<br />In the event of a total taking, descrucCian, or loss in value af khe Property, the Miscsllan�aus
<br />Proceeds shall be applied to the sums secured by this Security Instrument, whether ar nat tlx�n due, with
<br />the cxcess, if any, paid ta 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 thc Prop�rty immediately before the partial taking, destruction, or loss in value is equal to or
<br />greater lhan lhe amaant af the surns secured by this Security Instrument immediately before the partial
<br />taking, destruction, or loss in value, unlcss Burrawcr and L,end�r Uth�rwise agree in writing, t.tYe sums
<br />secured by this Security Instrument shall bc r�duced by the amount af th� Miscellaneous Proce�ds
<br />multiplied by the following fraction: (a) the total amount of the sums secured imm�dial�ly bef�rc thc
<br />partial taking, destruction, or loss in value divided by (b) the fair market valuc c�f lhe Property
<br />immediately before thc partial taking, dcstruction, �r loss in value. Any balance shall b� paid to Borrower.
<br />In the evcnt of a partial taking, destructian, or loss in value af the Praperty in which the fair market
<br />value of the Property immediately before the pariial taking, destruction, or loss in value is less than the
<br />arnount of the sums secured immediately before the partial taking, destruction, or loss in value, uxiless
<br />Borrower and Lender atherwise agres in writing, the Miscellan�aus Procceds shall b� applied to thc sums
<br />secured by this Security Instrument whether or not the sums are then due.
<br />If the Property is abandon�d by Borraw�r, or if, after notice by Lender to Borrower that the
<br />Opposing Party (as dcfined in the next sentence) offers to make an award to settle a claim for damages,
<br />Borrower fails to respond to Lender within 30 days after the date the notice is given, Lender is authorized
<br />to collect and apply the Miscellaneous Proceeds either to restoration or repair of the 1'roperty or to the
<br />sums secured by this Security Instrument, whether or not then due. "Opposing T'arty" means the third party
<br />that owes Borrower Misccllaneous Proceeds or the party against whom Sorrower has a right of action in
<br />rcgard ko MiscellaneUUs Proce�ds.
<br />Borrower 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 rnaterial impairment of L.ender's
<br />interest in the Property or rights under this Security Instrument. Borrower can cure such a default and, if
<br />NEBRASKA - Single �amily - Fannie MaelFreddie Maa UNIFARM INSTRUMENT
<br />�-61NE) �oa� i� Page 9 of 16 mit�ais: Form 3028 9�01
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