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<br />As a result of these agreements, L,�nder, 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 frorn (or rnight be characterized as) a portion of Borrower's payments for Martgage Insurance, in
<br />exchange for sharing or modifying the mortgage insurer's risk, or reducing losses. If such agreement
<br />provides that an af�liate 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 often terrned "captive reinsurance." Further:
<br />(a) Any such agreements will not affect the amounts that Borrower has agreed to pay for
<br />Mortgage Insurance, or any other terms of the Loan. Such agreements will nat increase the amaunt
<br />Borrower wi11 owe for Mortgage Insurance, and the� will not entitle Borrower to any refund.
<br />(b) Any such agreements will not affect the nghts Borrower has - if any - with respect to the
<br />Mortgage Insurance under the Homeowners Protection Act oF 1998 or any other law. These rights
<br />may include the right to receive certain disclosures, to reqaest and obtain cancellation of the
<br />Mortgage Insurance, to have the Moctgage Insarance terminated automatically, and/or to 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; Forfeiture. All Miscellaneous Proceeds are hereby
<br />assigned to and shall be paid to Lender.
<br />If the Property is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of
<br />the Property, if the restoration or repair is economically feasible and Lender's security is nat lessened.
<br />During such rcpair and restoration period, I.,ender 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 cornpleted to
<br />Lender's satisfaction, provided that such inspection shall be undertaken promptly. L.ender may pay for the
<br />repairs and restoratian in a single disbursement or in a series of progress payments as the work is
<br />completed. Unless an agreement is made in writing ar Applicable Law rcquires interest to be paid on such
<br />Miscellaneous Praceeds, Lender shall not bs required to pay Borrower any interest or earnings on such
<br />Miscellaneous Proceeds. If the restoration or repair is not economically feasible or Lender's security would
<br />be lessened, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument,
<br />whether or not then due, with the excess, if any, paid to Borrower, Such Miscellaneous Praceeds shall be
<br />applied in the order provided for in Section 2.
<br />In the event of a total taking, destruction, or loss in value of the Property, the Miscellaneous
<br />Proceeds shall be applied to the sums secured by this Security Instrument, wheCher or not then due, with
<br />the excess, if any, paid to 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 the Property irnmediately before the partial taking, destruction, or loss in value is equal to or
<br />greater than Che amount of the sums secured by this Security Instrument irnrnediately before the partial
<br />taking, destructian, or loss in value, unless Borrower and Lender otherwise agree in writing, the sums
<br />sccured by this Security Instrument shall be reduced by the amount of the Miscellaneous Proceeds
<br />multiplied by the following fraction: (a) the total arnount of the sums secured immediately before the
<br />partial taking, destruction, or loss in value divided by (b) the fair rnarket value of the Property
<br />immediately before the partial taking, destruction, or loss in value. Any balance shall be 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 the Property immediately before the partial taking, destruction, or loss in value is less than the
<br />amount of the sums secured irnmediately before the partial taking, destruction, or loss in value, unless
<br />Barrower and I.ender otherwise agree in writing, the Miscellaneous Proceeds shall be applied to the sums
<br />secured by this Security Instrurnent whether or not the surns 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 awazd to settle a clairn for damages,
<br />Borrower fails ta respond to Lender within 30 days after the date the notice is given, L.ender is authorized
<br />to collect and apply the Miscellaneous Proceeds either to restoration or repaar of the Property or to the
<br />sums secured by this Security Instrument, wheth�r or not then due. "Opposing Party" means the third party
<br />that owes Borrower Miscellaneous Proceeds or the party against whom Borrower has a right of action in
<br />regard to Miscellaneous Froceeds.
<br />Borrower shall be in default if any action or proceeding, whether civil or crirninal, is begun that, in
<br />Lender's judgment, could result in forfeiture of the Property or other material impairment of Lender's
<br />interest in the Praperty or rights under this Security Instrument. Borrower can cure such a default and, if
<br />NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT
<br />�-BINE)iosii� Paeeaof�5 inieiais• Form3028 9/09
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