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<br />As a result of ihese agrecments, Lender. any purchaser of the 1Vvte, anather insurer, any reinsurer,
<br />any ott�er entity, nr any affiliate of any of the faregoing , may receive (direetly ar indirectly) amaunts that
<br />derive from {or might be charact�rized as} a portion of Barrower's payments for Mortgage Insurance, in
<br />exchange for sharing ac modifying the morkgag� i�nsurer's aask, or reducing l�sses. If su�h agreement
<br />provides that an afl�liate of Lender lakes a share afi Ilte insurer's risk in exchange for a share of the
<br />premiurris paid ta the insurer, Ihe arrangernenl i� often teru�ed "r.aptive relnsuca�tGe." Furlher:
<br />�a? Any �ch agrcements will not affect the amflunts that 9orrawer has agreed to pay far
<br />Mtirtgage Insurance, dr any ather terms a� thc Laan. S�ch ggrcem�nts will not increase the amaunt
<br />Horrower will owe for Mortgage Insurance, aud the� wili aot entitle Horrowar ta atxy xefu�ad.
<br />(b) ,Atiy such agreeaaettts will a0t aff�t the rights Borrow�r has - if any - with respect to the
<br />Mortgage Insurance under the tiomeowners Frotectinn Act of 199$ ar any vth�r law. These rights
<br />may include the right to receiv� certain disclosures, to request and nbtain caacellation af thc
<br />Mortgagc Insurance, to have khe Mortgage Insuranr,� terminatcd automatically, and/or to rec�i�e a
<br />refund af any Mortgage Insurance premiums that wcre unearned at the time af snuch c�ncellation or
<br />ter m ination.
<br />11. Assignment of Miscellanaaus Frocc�ds; Forfeiture. Al� Miscellanenus Praceeds are hereby
<br />assigned to and shall he paid to Lender.
<br />lF the Property is darnaged, such Miscellaneous Pro�eeds shall hc applied ta restoration or repair nf
<br />the Praperty, if the restoration ar repair is ecanamically feasible and Lender's security is not lessened.
<br />During such repair and restaratiQn period. LendeT sh�ll h�ve khe righ� to F�old such MisCellaneous F'roCeeds
<br />��ntil Lender has had an opportunity ro inspect such Prop��rty to ensure the work has been completed io
<br />L�nder's satisfaction, pro�ided that such inspection shall be undertaken prompily. Lender may pay For the
<br />repairs and restaration in a single dishursement or in a series of progress paymenis as the work is
<br />cornpleted. UnIess an agr�ement is made in wrilir�g or Apglicable I.aw requires interesi to bc paid an such
<br />Miscellaneous Proceeds, Lender 5ha11 not be reyuired to p�y Borrawer any interest or earnings on such
<br />Miscellaneous Proceeds. If the restorat�on ar repair is ndt econamieally feasihle ar Lender's secur�ty wauld
<br />be tessened, t�e Mi�cellanevus Prviceeds shall be apglied to �h� $�tm� x��tt+'�d by this Security Instrument,
<br />rvhether or not then due, wlth the excess, if any, paid to Snrrower. Such Miscellaneous Proceeds shall be
<br />applied �n the nrder pro�ided far in Sectioq Z.
<br />In the event af a to1a� talcing, destruction, nr lass in value of the Properiy, the Miscellaneaus
<br />Proceeds shall be ap�lied ta the sums secured by this Security Instrument, whether or not then duce, with
<br />the excess, if any, paid ta Barrawer.
<br />In the event of a partial taking, destruction, ar loss in value of the Property in which the fair rnarket
<br />value of �he Proper�y immediately befare the partia.l taking dGSCNCIIUIl ar loss in valu� is equal to or
<br />grealer than the amouat of the sums secured by this 5ecurity I�strument immediately before the partial
<br />taking, destructi�n, ar loss in value, unless Barrower and Lender atherwise apree in writing, the sums
<br />secured by this 5ecuri�y Instrument shall be reduced by the amount of the Miscellanentrs Praeeeds
<br />multiplied by the following fraetion: (a) the tatal amount of the ��rr� secured immediately before the
<br />par�ial taking, destruction, ar �055 in value d[vided by (h) the fair markel value of the Praperty
<br />immediately before the partial taking, destruction, or loss in value. Any balance shall be �aid to Eorrawer.
<br />In thc event of a partial taking, destructioa, or lass in value of the Property in wtuch the fair market
<br />value of the Praperty imrnediately before the partiai taking, desiruckian, or loss in value is less ihan the
<br />amount of the sums secured immediately before the partial takin�, destrucuon, or loss in value, uniess
<br />Borrower and Lender otherwise agree in writing, the Miscellanenus Proceeds shall be applied tu ihe sums
<br />secured by this Security Instrurneat whether ar not the sums are t�en duQ.
<br />If the Pcoperty is abandoned by Barrower, or if, after notice by Lender to Borrower that thQ
<br />Opppsin� Par1y {as deffned in the next senlence) affers to make an award t❑ settle a c[aim far darnages,
<br />Borrawer fails ro respond ta Lender within 30 days a#ter the date th� natice is gi�+en, Lender is autharized
<br />to Collecl �nd apply the Misc�llanenus Pro�eeds e�ther to restoratinn nr repair of the �roperiy ar to the
<br />surns se�ured by this Security lnstrument, whether nr nat �hen due. "�ppnsing Party" means the third party
<br />that awes $orrawer Miscellaneaus Proceeds ar the party against wham Borrower has a right of action in
<br />regard ta Miscellanenus Proceeds.
<br />�orrawer shall he in default if any aclion or praceeding, whether civil or criminal, is begun that, in
<br />Lender's ,judgment cauld result in forfeiture of the Property vr other material imPairment of Lender's
<br />interest in the Property or rights under ihis Security lnstntmenk. Borrawer can cvre sueh a def�ult �nd, if
<br />acceleralian has �ccurred, reinstale as provided in 5ection t9, by causing the action ar prac�eding to be
<br />OU1122267�#33 C�tiMort�ge 3.2.42.07 V4
<br />N�RASKA • Single Family - Fanni� Mae/Frgddig M8C UNIFOF71ld INSTRl,IMBY'I" WfT Mi��
<br />�-8A(NE'j (osiol Page 9 a115 ir�c�is: Form 3028 1141
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