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<br />As a result of these agreenaents, I,ender, any purchaser of the Note, anothcr insure�r, any reiunsurer,
<br />any other entity, or any �liate af any of the foregoing, may receive (directly or ind'urectly) amounts that
<br />derive fro�n (or might he characteri�ed as} a portion of Sozxower's paynaents for Mortgage Insurance, in
<br />exchan�e for sharing or modifying the mortgage insurer's risk, or reducing losses. Tf such agreeznent
<br />provides Chat an a�iIiate of Lc�der takes a share af the insurer's risk in exchange for a share of the
<br />premiums pazd to the insurer, the arrangez►xent is often ter�txed "ca,ptive reinsurance." Further:
<br />{a) Any sach agrcemients wilf not af�ect the amownts that Borrower has agrced to pay for
<br />Mortgage Insuranoe, or any otbe�r terms nf the Loan. Suctt agreements will not inct�ea:se th� anuou�ut
<br />Borrower wfll owe fur Mortgage Insurancc, and the� will not en�itle Borrower to eny refnnd.
<br />(b) Amy snch agreements will not affect the nghts Bo�-rower h�s - if any - wrth respect to the
<br />Mortgage Insurance under the Homeowpers Protection Act of I998 or spy other law. T�ese nlg�ts
<br />may include the right to receive certaln diselosures, to request and obtain caqcellation af the
<br />Mortgage Insux�ance, to have ttie Mortgage Iasurance terminated automaticelly, snd/or to re�ceive a
<br />refund of any Mortgage Insura�ce preminms that were nnear�ued at the t�me of auch canceilatzon or
<br />termination.
<br />11. Assignment of Mfscell�neous Proceeds; �'oneiture. AlI Miscellaneous Prnceeds are hereby
<br />assigned to and sha.11 be paid to Lender.
<br />If the property is darnagerl, such Miscellaneaus Proceeds slaaLl be applied to restaratinn ar repair of
<br />tbe Property, if the restoration or repair is economicalIy feasible and Lender's secuz'ity is not lessened.
<br />During such repa.ir and z'estaration periqd, i.,ender shall have the right to hold such Miscellaneous Procee�,.s
<br />until Lender has had an nppnrtunity to inspect such Property to ensure ilae work has beeu completed to
<br />Lender's satisfaetzon, provided that such ivaspection shall be undertaken promptly_ Lender may pay for #he
<br />repairs aiad restoration :it� a siugle disbursement or in a sezies of progress payments as t�o work is
<br />completed. Unless an agreement is made in writing ar Applicable Law requires interest to be paid on such
<br />Miscellaneous Proceeds, Lender shall not be required to pay BorrQwer any i�aterest or earnings on such
<br />Misc�llaneous P�roceeds. If the restoration or repair is not economicaity �easible or Lander's security wouId
<br />be lessened, the Miscellanepus Pr�ceeds shall be apptied to the sums secured by this Security Instrument,
<br />whether or not then due, with the excess, if any, paid to Barrower. Such Miscellat�eous Proc�eds shall be
<br />applied in the order provided far iu Scctian 2.
<br />In the event of a total takivag, drstruction, or loss in value of the Prope�rty, the Miscellaneous
<br />Proceeds shaIl be applied to the sums securcd by this Secuz�ity Instrtunent, whether or nat then due, with
<br />the excess, if any, paid tp Borrower.
<br />In the event of a partial takin.g, destruct�ion, ar loss in valua of the Property in wI�ich the fair nnairket
<br />value af the Property �iznmediately before the partial taking, destruction, or ioss in value zs equal tp or
<br />groatex than the amount o£ the sums secured by thi.s Security Instr�mcnt imrned'zately befare the paxtial
<br />taking, dostruction, or loss in valu�, unless Borrower and Lende�r otherwise agzee in wrztiung, the sums
<br />secured by this Security Instrwm�nt sha,1l be reduced by the amount of the Miscetlaneous P;rooeeds
<br />multiplied by the following fraction_ (a) the tata� aznount of the sums secured immediately baforo the
<br />partial taki�qg, des�ction, or loss in value divided by (b) the fair market value of the Praperty
<br />immediately before the partiel taking, destxuction, or loss in va.lue. Auy balance shail be�aid to Bnz'tower.
<br />In the event of a partial taking, desttuction, ar lnss in va.lue of the Property in wbach the fair market
<br />value af the Property immediately before the partial taking, de�truction, or ioss in vaiue is less tha� tha
<br />amount o� the sums secured immediately before the partia.� tatdng, destructian, ar loss in value, wnIess
<br />Borrowez� and Lender otherwise agree in writin.g, the Miscellaneovs Proceuls shall be applied to the sunas
<br />secured by this Securiry instcuzrient whether or nnt the swnns are then due.
<br />If the Property is abandoned by Boirower, vr if, after notace by T,ex�,der ta Bnrrower tt�at the
<br />Opposing Party (as def"uied in the next senten.ce) offers to make an award to settle a claim for damages,
<br />Borrower fails to respond to Lender within 34 days after the date the notice is given�, L.ender is authorized
<br />ta colleet and apply tl2e Misceltaneous Praceeds either ta restoration or repair of the Prapea�ty oz' to the
<br />suma secured by this Sccurity Instrument, wh�ther or nat then due. "qpposing Party" m@ans the third party
<br />that owes Borrower Miscellaneovs Proceeds or the party against whonn Sarrowex }�as a right of actian in
<br />regazd to Miscellaueaus Proceeds.
<br />Borrower sha,ll ba in default 'rf any action or proceeding, whe�tlier civil or criminal, is begun tb,at, in
<br />Lender's judgment, could resu.lt in forfeitwre of the Property or other material impair�paent of Lender's
<br />inte�est in the Properiy or rights under this Security Instruxnent. F3orrower can cure such a defaUIt a�ad, if
<br />a�celeration has vccurxed, xeinstate as pxovided in Section 19, hy causing the action or proceeding to be
<br />7111203886
<br />NEBRASKA - Single Family - Fannle Mae/Froddis lYtac UNIFORM INSTRUM R
<br />�-6A(NE)�oe�o► P�eAoits i„n�, Form 3028 9l�7
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