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2010a9595
<br />1111056861
<br />Nlortgage Insurance coverage (in the amount and for tha period that Lender requires) provided by an insurer selected by Lender
<br />again becomes available, is obtain�d, and Lender requires separately desi�nated payments toward the premiums for Mortgage
<br />lnsurance. If Lender required Mortgage lnsurance as a condition of making the Loan and Borrower was required ta rnake
<br />separately designated payments toward the premiums for Mortgage Tnsurance, Barrower shall pay the premiums required to
<br />maintain Mortgage Insurance in effect, or to provide a non-rafundable loss reserve, until Lender's requirement for Mortgag�
<br />Insurance ends in accordance with any written agreement between �orrower and Lender providing for such termination or until
<br />termination is required by Applicable Law. Nothing in this Section 10 affects Borrower's obligatian to pay interest at thc rate
<br />provided in the Note.
<br />Mortgage insurance rcimburses Lender (or any entity that purchases the Note) tbr certain Iosses it may incur if
<br />Bprrower does not repay the Loan as agreed. Borrawer is not a party to the Mortgagc Insurance.
<br />Mortgage insurers evaluate their total risk on all such insurance in force from time to time, and may enter into
<br />agreements with other parties that share ar modify their risk, or redt�ce losses. Thesc agreements are on terms and conditians
<br />that are satisfactory to the mortga�;e insurer and thc other party (or parti�s) to these agreements. These agreements may requirc
<br />the mortgagc insurcr to make payments using any source af f'unds that the mortgage insurer may have available (which may
<br />includc funds obtained from Mortgage Insurance premiums).
<br />As a result of these agreements, I.ender, any purchaser of the Note, anather insurer, any reinsurer, any other entity, or
<br />any affiliate of any of the foregoing, may receive (directly or indirectly) amounts that derive from (or might be characterized
<br />as) a portion of Borrower's payments for Mortgage Insurance, in exchange for sharing or modifying the mortgage insurer's risk,
<br />or reducing losses. If such agreement provides that an affiliate of Lender takes a share of the insurer's risk in exchange f'or a
<br />share of the premiums paid to the insurer, the arrangement is often termed "captive rcinsurancc." Further:
<br />(a) Any such agreements will not affeet the amounts that Ciorrower has agreed to pay for Mortgage Insurance,
<br />or any other terms of the I.oan. Such agreements will nat incrcase the amount Borrower will owe for Mortgage
<br />Insurance, and thcy will not entitle Borrower to any refund.
<br />(b) Any such agrcements will not at'fect the rights Borrower has - if any - with respect to the Mortgage
<br />Insurance under the Homeowners Protection Act of 1998 or any othcr law. Thesc rights may include the right to receive
<br />certain disclosures, to request and obtain cancellation of the Mortgage Insurance, to have the Mortgage Insurance
<br />terminated automatically, and/or to receive a refund of any Mortgage Insurance premiums that were unearned at the
<br />time of such cancellation or termination.
<br />11. Assignment of Miscellaneous Proceeds; ForTeiture. All Miscellaneous Proceeds arc hcrcby assigned to and
<br />shall be paid to I,ender.
<br />If the Property is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of the Property, if the
<br />restoration or repair is economically feasiblc and Lender's security is not lessened. buring such repair and restoration period,
<br />Lender shall have thc right to hold such Miscellaneous Proceeds until Lender has had an apportunity to inspect such Property
<br />to ensure the work has been completcd to Lendcr's satisfaction, provided that such inspection shall be undertaken promptly.
<br />Lender may pay for the repairs and restoration in a single disbursement or in a series af pro�ress payments as the work is
<br />completed. Unless an agreement is made in writing or Applicable Law requir�s interest to be paid on such Miscell�neous
<br />Proceeds, Lendcr shall not be required to pay �orrower any interest or earnings on such Miscellaneous Procecds, If the
<br />restoration or repair is not economically feasiblc or Lcnder's security would be lassened, ihe Miscellaneous Proceeds shall be
<br />applied ta the sums sccurcd by this Security Tnstrument, whether or not then due, with the excess, if any, paid to Borrowcr.
<br />Such Miscellaneous Proceeds shall be applicd in the order provided for in Section 2.
<br />In the cvent of a total taking, destruction, or loss in value of the Praperty, the Miscellaneous Procecds shall be applied
<br />to the sums secured by this Sccurity lnstrument, whether or not then due, with the excess, if any, paid to Borrower.
<br />ln the event of a partial taking, destruction, or loss in value of the Property in which the fair market value of the
<br />Praperty immediately before the partial taking, destruction, or loss in value is equal to ar greater than the amount of the sums
<br />secured by this Security Instrument immediately before the partial taking, destruction, or loss in value, unless Borrower and
<br />Lender otherwise agrce in writing, the sums secured by this Security Instrument shall 6e reduced by the amount of thc
<br />Miscellaneous Proceeds multiplicd by the following fraction: (a) the total amount of the sums secured immediately before the
<br />partial taking, dcstruction, or loss in value divided by (b) the fair market value of the Property immediately before the partial
<br />taking, destruction, ar loss in valuc. Any balance shall be paid to Borrower.
<br />ln the event of a partial takin�;, destruction, or loss in value of the Praperty in which the fair market valuc of thc
<br />NEBRASKA--Single Family--Fannie Mae/I�reddie MaC UNIFORM INSTRUM�:NT
<br />� 338,2 Page 7 af 12 Form 3028 1/O1
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