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20100914�
<br />As a result of these agreements, Lendcr, any purchaser c�f the Nate, anather insurer, any reinsurer,
<br />any other entity, or any affiliate af any of the foregoing, may receive (directly or indirectly) amounts that
<br />derive frc�m (or might be characterized as) a portion of Borrower's payments for Mortgage Insurance, in
<br />exchange for sharing or modifying the mortgage insurer's risk, or reducing lasses. If such agreement
<br />provides that an affiliate of T.ender takes a share of the insurer's risk in �xchangs for a share af the
<br />prerniums paid Go the insurer, the arrangement is often temied "captive reinsuranc�." Further:
<br />(a) Any such agreements will not affect the amounts that Borrower has a�rs�d tc� pay Por
<br />Mortgage Insurance, ar any other terms of the Loan. Such agreements will not 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 �ffect the rights Borrower has - i� any - with respect to the
<br />Mortgagc Insurance under the Horrieowners �'rotection Act of 199$ or any other law. These rights
<br />ms�y inclnde the right to receive certain disclosures, to request and ohtain cancellation of the
<br />Mortgage Insurance, to have the Mortgage Insurance terminated automatically, and/Ur ta receive a
<br />refund of any Mortgage Insurance premiums that were unearned at the time of such cancellation or
<br />termination.
<br />11. Assignment of Miscellaneous Proceeds; Farfeikure. All Miscellaneous Proceeds are hereby
<br />assigned to and shall be paid to I,ender.
<br />If the Property is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of
<br />the Praperky, if the r�storation �r repair is economically f�asible and Lender's security is not lessen�d.
<br />During such r�pair and restoratian period, L.ender shall have the right ta hald such Miscellaneaus Praceeds
<br />until Lender has had an opportunity to inspect such Property to ensure the work has been completed to
<br />Lender's satisfaction, provided that such inspection shall be undertaken prom�tly. Lc;nder may pay for the
<br />repairs and restoratian in a singl� disburs�m�nl ar in a serics of progrc:ss paym�nls as the work is
<br />completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such
<br />Miscellaneous Proceeds, I,ender shall not be required to pay Borrower any interest or earnings on such
<br />Misccllaneous Proceeds. If the restoration ar xepair is nat econamically f�asible ar I.ender's security wc�uld
<br />be less�ned, the Miscellaneous Proceeds shall be appli�d to thc sums secured by this Security Instrument,
<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 />Tn the event of a total taking, destruction, or loss in value of the Property, the Miscellaneous
<br />T'roceeds shall be applicd to the sums secured by this Security Tnstrument, whether or not then due, with
<br />the excess, if any, paid to Borrower.
<br />In lhc event of a partial taking, destructiUn, ar lass in valuc of khe Prop�rly in whiah Ihc fair market
<br />value of the Property immediately before the partial taking, 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, destnzctian, or loss in value, un,less Borrower and I,ender utlxerwiss agree in writing, th� sums
<br />s�curcd by this S�curity Instrument shall be reduc�d by tk�� amount af the Miscellan�ous PrUCecds
<br />multiplied by the following fraction: (a) the total 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 />immediately before the partial taking, destruction, or loss in value. Any balance shall be paid to Borrawer.
<br />In lhe event of a partial takin�, d�struGtion, ar loss in value of the Property in which the fair market
<br />value of the Property immediately before the partial taking, destruction, 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 L.ender otherwise agree in writing, the Miscellaneous Proceeds shall be applied to ths sums
<br />secured by this Security Instrument whether or not the sums are then due.
<br />If the Yroperty is abandoned by Borrower, or if, after notice by L.ender to Borrower thak khr:
<br />Upposing Pariy (as defined in the next sentence) offers to make an award to settle a claim far damages,
<br />Bcarrower fails to respond to I,ender within 30 days after the date the notice is given, Lender is authorized
<br />ta collect and apply the Miscellaneous Proceeds either to restoration or repair of the Property or ta th�
<br />sums secured by this Security Tnstrument, whether or not then due. "Oppasing Party" msans the third party
<br />that owes Borrower Miscellaneous 1'roceeds or the party against wharra Burraw�r has a right of action in
<br />regard to Miscellaneous Proceeds.
<br />Borrower shall be in default if any action ar prac:acding, whether civil or criminal, is begun that, in
<br />Lender's judgment, could result in forfeiture of the Prop�:rty or ather material impairment of Lender's
<br />interest in the Property or rights under thia S�curity Instrument. Borrower can cure such a default and, if
<br />NEBRASKA - Single Family - Fannie Mae/Frsddie Mac UNIFORM IN5TRUM�NT
<br />Q�; -61NE) wa��� Papa9of 15 initiais:�� Fvrm 3028 1/U1
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