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�41009279
<br />As a result of these agreements, 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 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 losses. If such agreement
<br />provides that an affiliate of 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 pften termed "captive reinsurance." Further:
<br />(a) Any such agreements will not affect the amounts that Borrower has agreed to pay fur
<br />Mortgage Insurance, or any other terms of the Loan. Such agreenr►ents will not increase the amoant
<br />Borrower will owe for Mortgage Insurance, and they will not entitle Sorrower to any refund.
<br />(b) Any such agreements will not affect the rights Sorrower has - if any - with respect tu the
<br />Mortgage Insurance under the Homeowners ProtecHon Act of 1998 or any other law. These rights
<br />may include the right to receive certain disclosures, to request and obtain cancellation of the
<br />Mortgage Insurance, to have the Mortgage Insurance terminated automatically, and/or to receive a
<br />refund af any Mortgage Insurance prenninms that were unearned at the time of such cancellation ar
<br />terminadon.
<br />11. Assignment of Miscellaneous Proeeeds; Forfeiture. All Miscellaneous Proceeds are hereby
<br />assigned to and shall be paid to Lendcr.
<br />If the Praperty is damaged, such Miscellaneous Proceeds shall be applied co 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 completed to
<br />Lender' s satisfaction, provided that such inspection shall be undertaken promptly. Lender may pay for tk�e
<br />repairs and restoration in a single disbursement or in a series af progress payments as the work is
<br />campleted. Unless an a�reeme»t is made in writing or Applicable Law requires interest to be paid on such
<br />Miscellaneous Prpceeds, Lender shall not be required to pay Borrower any interest or earnings on such
<br />Miscellaneous Froceeds. If the restaration or repair is not economically feasible or Lender's security would
<br />be lessened, the Miscellaneons Proceeds shall be applied to the suxns secured by this Security �nstrument,
<br />whether or not tl�en due, with the excess, if any, paid to Barrower. Such Miscellaneous Proceeds shall be
<br />applied in the order provided for in Section 2.
<br />In the event of a total taking, destructian, or loss in value of the Property, the Miscellaneous
<br />Proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with
<br />the excess, if any, paid to Bozrower.
<br />In the ev�nt of a partial taking, destruction, or loss in value of the Property in which the fair �rr�arket
<br />value af the Property immediately befare the partial taking, destruction, or loss in value is equal to or
<br />greater than the amount of the sums secured by this Security Tnstrument 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 5ecurity Instrument shall be reduced by the amount af the Miscellaneous Proceeds
<br />multiplied by the following fraction: (a) the total azxaount of the sums secured innmediately before the
<br />partial taking, destructinn, ar 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 Sorrower.
<br />In the event of a partial taking, destruction, or loss in value of the Property in which the fair rnarket
<br />value of the Property immediately before the partial taking, destruction, or loss in value is less than the
<br />arnaunt of the sums secured immediately before the partial taking, destruction, or loss in value, unless
<br />Borrower and Lender otherwise agree in writing, the Miscellaneous 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 Borrower, or if, after notice by Lender to Borrower that the
<br />Opposing Party (as defined in the next sentence) offers to make an award to settle a clairn for damages,
<br />Boxrower 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 Procesds either to restoration or repair of the Property or to the
<br />sums secured by this Security Instxument, whether or not then due. "Opposing Party" means the third party
<br />that owes Borrower Miscellaneous Proceeds or the party against wharn Borrower has a right of action in
<br />regard to Miscellaneous Proceeds.
<br />Borrower sha11 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 Froperiy or pther material impairment of Lender's
<br />interest in the Property or rights under this 5ecurity lnstruzx�ent. Sarrower can cure such a default and, if
<br />230995
<br />NEBRASKA - Single Family - Fannie MaelFreddfe Mac UNIFORM INSTRUMENT
<br />�-B�NE) �oeii� Page9 of 15 Initials: • Fo�RI 3028 1101
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