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201009360
<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 af the foregoing, may receive (directly or indirectly) amounts that
<br />derive from (or mi�ht be characterized as) a portion of Borrower' s payments for Mortgage Insurance, in
<br />exchange for sharin� or modifying the zn�ortgage 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 often termed "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 not increase the amount
<br />Sorrower will nwe for Mortgage Insurance, and they will nat entitle Sorrower tn any refund.
<br />(b) Any such agreements will not affect the rights Borrower has - if any - with respect to the
<br />Mortgage Insnrance under the Homeowners Protection Act af 1998 or an,y other law. These rights
<br />may include the right to receive certain disclosures, to request and obtain cancellatian of the
<br />Mortgage Insurance, to have the Martgage Insurance terminated automatically, and/or to receive a
<br />refund of any M.ortgage Insurance premiums that were unearned at the time of such cancellation or
<br />termination.
<br />11. Assi�;nment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby
<br />assigned to and shall be paid to Lender.
<br />lf the Property is damaged, such Miscellaneaus Proceeds sha11 be applied to restoration or repair of
<br />the Property, if the restaration 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 Prnceeds
<br />unti] Lender has had an opportunity tq 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 the
<br />repairs and restoration in a single disbursement or in a series of progress payments as the work is
<br />completed. Unless an agreement is made in �vriting or Applicable Law requires interest to be paid on such
<br />Miscellaneous Proceeds, Lender shall not be required to pay Borrqwer any interest or earnings on such
<br />Miscellaneous Froceeds. 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 Procaeds shall be
<br />applied in the order provided for in Section 2.
<br />In the event of a total taking, destruction, or lass in value of the Property, the Miscellaneous
<br />Proceeds shall be applied to the sums secured by this Security Instrument, whather 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 Froperty in which the fair nriarket
<br />value of the Property immediately before the partial talcing, destructipn, or loss in value ia equal to or
<br />greater than the amaunt of the sums secured by this Security lnstruznent 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 Security lnstrument shall be reduced by the amounC of the Miscellaneous Proceeds
<br />multiplied by the fallowing fraction: (a) the total amount of the sums secured immediately befare the
<br />partial taking, destruction, or loss in value divided by (b) the fair market value of the Prap�rty
<br />immediat�ly before the partia] taking, destxuction, or loss in value. Any balance shall be paid to Borrower.
<br />In the event of a partial taking, destruction, or lpss in value of the Property in which the fair markat
<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 partia] taking, destruction, or lass in value, unless
<br />Borrower and Lender otherwise agree in writin�, 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 Sorrower, or if, after notice by Lender to Sorrower that the
<br />Opposing Party (as de�ned in the next sentence) offers to make an award to settle a claim for da�ages,
<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 restoratian or repair of the Property or to the
<br />sums secured by this Security Instrument, whether or not then due. "Opposing Party" nneans 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 Proceeds.
<br />Borrower shall be in default if any action or proceeding, whether civil or criminal, is begun that, in
<br />Lender' s jud�men�t, could result in forfeiture of the Property or other material impairment of Lender' s
<br />interest in the Froperty or rights under this Security Instrument. Borrower can cure such a default and, if
<br />231003
<br />NEBRASKA - Single Family - Fannie Mael�reddie Mac UNIFQRM IN5TRUMENT �,
<br />�-6(N�)(os��) Page9or�5 Initials:�_��, Form3028 1/01
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