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<br />As a result of these agreements, L,ender, any purchaser of the Note, another insurer, any reinsurer,
<br />any other entity, or any affiliate of any of the foregoing, rnay receive (directly or indirectly) amounts that
<br />derive frorn (or might be characterized as) a portion of Borrower's payments �or Mortgage Insurazxce, in
<br />exchange for sharing ar modifying the mortgage insurer's risk, or reducing losses. If such agreement
<br />provides that an aff liate of Lender takes a share of the insurer's risk in exchange for a share of the
<br />premiums paid to the insurer, the azrangement is often termed "captive reinsurance." Further:
<br />(a) Any such agrcements will not affect the amounts that Sorrower has agrced to pay for
<br />Mortgage Insurance, or any other terms of the Loan. Such agreements will not increase the amount
<br />Borrower will owe for Mortgage Insuran¢e, and they will not entitle Borrower ta any refund.
<br />(b) Any such agreements will not affect the nghts Barrower has - if any - with respect to the
<br />Mortgage Insurance 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 obtain cancelladon ot the
<br />Mortgage Insarance, to have the Mortgage Insurance terminatecl automatically, aad/or to receive a
<br />refund of any Mortgage Insurance premiams that were unearned at the time of such caecellation or
<br />termination.
<br />11. Assignment of Miscellaneous Proce�ds; Forfeiture. All Miscellaneaus Proceeds aze hereby
<br />assigned to and shall be paid to Lender.
<br />If the Property is damaged, such Miscellaneous Proceeds shall be applied to restorativn or rcpair 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 pe�iod, Lender shall have the right to hold suck► Miscellaneous Proce�eds
<br />until Lender has had an opportunity to inspect such Property to ensure the work has been cornple�ed to
<br />L.ender's satisfaction, provide� 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 />cotnpleted. Unless an agreement is made in writing or Applicable Law requires interest to be paid an such
<br />Miscellaneous Proceeds, Lender shall not be required to pay Borrower any interest or eannings on such
<br />Miscellaneous Proceeds. Tf 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 Instrurnent,
<br />whether or nat then due, with the excess, if any, paid to Borrower. Such Miscellaneaus Frocce�ls shall be
<br />applied in the order provided for in Section 2.
<br />In the event of a tatal taking, destruction, or lass in value of the Property, the Miscellaneous
<br />Proreeds shall be applied to the surns secure�l by this Security Instrurnent, whether 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 Praperty in which the fair market
<br />value of the Property immediately before the partial taking, destruction, or loss in value is equa] to or
<br />greater than the amount of the sums secured by this Security Instrurnent irnmediately before the partial
<br />taking, destructian, ar lass in value, unless Borrower and Lender otherwise agree in writing, the sums
<br />secured by this Security Instrument shall be reduced by tl�e amoux�t of the Miscellaneflus �roceeds
<br />multiplied by the following fraction: (a) the total amount of the surns secured irnrnediately i�efore the
<br />partial taking, destruction, or loss in value divided by (b) the fair market value of the Pre�erty
<br />imm�iately before the partial taking, destruction, or loss in value. Any balance shall be�aid to Bornower.
<br />In the event of a partial taking, destruction, or loss in value of the Property in wtuch the f�ir �
<br />value of the Property immediately before the partial taking, destruction, ar loss in value is less �n t�e
<br />amount of the sums secured immediately before the partial ta�ing, destructioza, or loss in value, u�ess
<br />Borrower and I,ender otherwise agree in writing, the Miscellaneous Procceds shall be applied to d�e �
<br />secured by this Security Instrurnent whether or not the sums are then due.
<br />If the Froperty is abandoned by Borrower, or if, after notice by Lender to Borrower that the
<br />Opposing Party (as defined in the next sentence) offers to rnake an award to settle a clairn for darnages,
<br />Barrower fails to respond to Lender within 30 days after the date the notice is given, L.ender is authorized
<br />to collect ar►d apply the Miscellaneous Proceeds either to restoration or repair of the Property or to the
<br />suXxas secured by this Security Instrument, whether or not then due. "Opposing Party" means Che third party
<br />that owes Borrower Miscellaneous Procceds or the party against whom Borrower has a right of action in
<br />regard to Miscellaneous Proccetls.
<br />Borrower shall be in default if any action or proceeding, whether civil or criminal, is begun that, in
<br />Lendet's judgment, could result in forfeiture of the Property or other material impairment of 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 MaelFreddie Mac UNIFORM INSTRUMENT
<br />�-B(NE) (0811) Page 9 of 15 i��t�ais: � Form 3028 1/07
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