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2�1����01
<br />As a result of these agreements, I.ender, any purchaser pf the Note, another insurer, any reinsurer,
<br />any other entity, ar any affiliate of any of the foregoing, may receive (direc:tly or indirectly) amounts that
<br />derive frum (ar might be characterized as) a portion of Borrow�r's payinents for Mortgage Insurance, in
<br />exchange for sharing ar modifying the mortgage insurer's risk, or reducing losscs. If such agreernent
<br />provides that an affiliate af J..ender takes a share of the insurer's risk in exchange for a share af the
<br />premiums paid to the insur�r, tlx� arrangement is often termed "captive reinsurance." Further:
<br />(a) Any such agre�m�ents will not affect the amounts that Borrower has agreed to pay for
<br />Mortgags In�suranee, or any other terms of the Loan. Such agreements wi11 anot increase the amount
<br />Borrower will awe for Mortgage Insurance, and they will not entitle Borrawer to any refund.
<br />(b) Any such agreements will not affect the rights Borrower has - if any - with respcct tU the
<br />Mortgage Insurance under the Home�wners Protection Act of 1998 or any other law. These rights
<br />may include the right to receive certain disclosures, to request and ohtain cancellation of the
<br />M�rkgage Irrsurance, to have the Mortgage Insurance tcrminat�d autUmatically, and/or to receive a
<br />refund of any Mortgage Ynsurance premiums that were unearned at the time of such canccllatian ar
<br />t�rmination.
<br />11. Assignment of Miscellaneous Proceeds; Forfeiture. All Misc.ellaneous Proceeds are hereby
<br />assigned to and shall be paid to T.ender.
<br />If the Property is damagsd, such Miscellaneous Proceeds shall be applied to restoration or repair of
<br />the Praperty, if the restoration or repair is economically feasible and Lend�r's security is ncat lessened.
<br />During such repair and restaration period, Lender shall have the right to hold such Miscellaneous Proceeds
<br />untii I..ender has had an opportunity to inspect such Property Co ensurc tbe wark has been completed ta
<br />L.ender's satisfaction, provided that such inspection shall be undertaken promptly. I.ender may pay tc�r lhe
<br />repairs and restoration in a single disbursement or in a series of progress paynn�aGs as ths wark is
<br />completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such
<br />Miscellaneous Proceeds, Lender shall not be required to pay Borrower any intcrest or �arnings on such
<br />Miscellan�ous Proceeds. If the restoration or repair is not economically feasible or l,ender's security would
<br />bc lesssned, 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 laking, dcstructian, nr l��ss in valu� af the Property, the Miscellaneous
<br />Proceeds shall be applied to the sums sccured by this Security Instrum�nt, whether aar not then due, with
<br />the excess, if any, paid to Barrower.
<br />In the event of a partial taking, destruction, or loss in value of the Property in which the fair market
<br />value of lhe Property immediately before the partial taking, destruction, or loss in value is equal to or
<br />grcater than th� arrxount of the sums secured by this Security Instrument immediately before the partial
<br />taking, destruction, or loss in value, unl�ss Barrow�r and L�ndcr atherwise agree in writing, the sums
<br />secured by this Security Instrument shall be reduced by the amount of the Miscellaneous Proceeds
<br />multiplied by the following fraction: (a) the total amount of the sums sccured imm�diat�ly beforc thc
<br />partial taking, destruction, or loss in value divided by (b) the fair rnark�t valu� af tkx� Praperty
<br />immediately betore the partial taking, destructi��n, or loss in value. Any balance shall be paid ta Barrawer.
<br />In th� ev�nl af 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 l�ss in valuc is lcss than ihe
<br />amount of the sums secured immediately before the partial taking, destruction, or loss in value, unless
<br />Borrower and Lender otherwise agree in writing, the Miscellaneaus Proceeds shall be applied ta the sums
<br />secured by this Security Itastrument whether or not the sums ar� then du�.
<br />If th� Prop�rty is abandoned by Barrower, ar if, after natice by Lender to Borrowex that the
<br />Opposing Party (as defined in the next sentence) offers to rnake an award to settle a claim for damages,
<br />Borrower fails to respond to Lender within 30 days after the ciate the notice is given, Lender is authorized
<br />to collect and apply the Miscellaneous Proceeds either to restoration or repair of the Property or to the
<br />sums secured by this Security Tnstrument, whether or not then due. "Upposing 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 Proceeds.
<br />Barrower shall be in dcfault if any action or proceeding, whether civil or criminal, is begun that, in
<br />I..�nd�r's judgment, could result in farfeitur� af the Property or other material impairmcnt of Lender's
<br />interest in the Property or rights under this Security Instrurnent. Borrower can cure such a default and, if
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT O
<br />�-BINEI iosi n Page 9 af 16 i��c�ei8: ' � Form 3028 9/09
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