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<br />As a result of these agreements, Lendet, any purchaser of the Note, another insurer, any reinsurer,
<br />any ather entity, or any aft�lzate of any of the faregoing, may receive (directly or indirectly) amounts that
<br />derive from (or might be characterized as) a partion of Borrower's payrnents for Mortgage Insurance, in
<br />exchazage for sharing or rnodifying the martgage insurer's risk, or reducing losses. If such agreement
<br />provides that an affiliate of I.ender 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 amoants that Borrower has agreed to pay for
<br />Mortgage Insurance, or any other terms of the Loan. Such agreements will not incirease the amount
<br />Sarrower will owe for Mortgage Insurance, and the� will not entitle Borrower to any refund.
<br />(b) Any such agreements will not affect the rights Borrower has - if any - with respect ta the
<br />Mortgage Iesurance under the Homeowners Protection Act of 1998 or any other law. These rights
<br />may include the right to receive certain disclosures, to request and abtain cancellation of the
<br />Mortgage Insurance, to have the Mortgage Insurance terminated automatically, and/or to receive a
<br />refund of any Mortgage Insarance premiums that were uneanned at the time of such cancellation ar
<br />#ermination.
<br />il. Assignment af Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby
<br />assigned to and shall be paid to Lender.
<br />If the �'roperty is damaged, such Miscellan�ous Proceeds shall be applied to restoration or re�air of
<br />the Property, if the restoration or repair is econornically feasible and Lender's security is not lesscnecl.
<br />During such repair atad restotation period, Lender shall have tlae right to hold such Miseellaneous Praceeds
<br />until I..ender 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 xnay pay fvr the
<br />repairs and restoration in a single disbursement or in a series of progress payrnents as the work is
<br />completed. Unless atx agreement is made in writing or Applicable Law requires interest to be paid on such
<br />Miscellaneous Proceeds, Lender shall not be rcquired 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 Froceecls sha11 be applied to the sums secured by this 5ecurity Instrument,
<br />whether or not then due, with the excess, if any, paid to Borrower. Such Miscellaneaus 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 />Proceeds sha11 be applied to the sums secured by this Security Instrument, whether or not then due, with
<br />the excess, if any, paid to Barrower.
<br />In the event of a partial taldng, destruction, or loss in value of the Property in which the fair market
<br />value of the Property imrnediately befare the partial taking, destruction, or loss in value is equal to or
<br />greater than the amount of the surns secured by this Se�urity Instnunent irnrnediately befare the partial
<br />taking, desttuction, or loss in value, unless Borrower and Lender otherwise agree in writing, the sums
<br />secured by this Security Instrurnent shall be reduced by the amount of the Miscellaneous Proceecls
<br />multiplied by the following fraction: (a) the total amount of the surns seeured immediately before the
<br />partial taking, destruction, or loss in value divided by (b) the fair market value of the Property
<br />irnrnediately before the partial taking, destruction, or loss in value. Any balance shall be paid to Borrower.
<br />In the event of a partial taking, destructian, or loss in value of the Property in which the fair axaa7rket
<br />value of the Property immediately before the partial taking, destruction, or loss in value is less 1�an #}me
<br />amount of the sums secured immediately before the partial taking, destruction, or loss in value, uniess
<br />Borrower and �.ender otherwise agree in writing, the Miscellaneous Proceeds shall be applie� to d�e sums
<br />secured by this Security Instrurnent whether or not the sums are then due.
<br />If the Property is abandoned by Borrower, or if, after notice by I..ender to Bonower that the
<br />Opposing Party (as de�ned in the next sentence) offers to mak� an award to settle a claim for damages,
<br />Bor�'ower fails ta respond to Lender within 3Q days after the date the notice is given, L.ender is authorized
<br />to collect and apply the Miscellaneous Proceeds either to restoration ar repair of the Property or to the
<br />surns secured by this Security Instn�nent, whether or not then due. "Opposing Party" means the third party
<br />that awes Borrower Miscellaneous Proceeds or the party against whom Borrower has a right af action in
<br />regard to Miscellaneous Proceeds.
<br />Sorrower shall be in default if any action or procceding, whether civil or criminal, is begun that, in
<br />Lender's judgment, could result in forfeiture of the Property or other matez�al ixnpairment af Lender's
<br />interest in the Property or rights under this Security Instrument. Borrower can cure such a default and, if
<br />NEBRASKA - 5ingle Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />�-BINE)losii� Page9of15 �nn�a�s: Form3p28 7/Q1
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