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<br />As a result of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer,
<br />any other entity, or any affiliate of any of the foregoing, may receive (directly or indirectly) amounts that
<br />derive from (or might be characterized as) a portion of Borrower's payments for Mortgage Insurance, in
<br />exchange for sharing or modifying the mortgage insurer's risk, or reducing losses. If such agreement
<br />provides that an affiliate of L,Qnder takes a share of the insurer's risk in exchange for a share of the
<br />premiums paid ta the insurer, the arrangernent is often termed "captive reinsurance. " Further:
<br />(a) Any such agreements will not affect the amounts that Borrower has agreed 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 Insurance, and the� will not entitle Borrower to any refund.
<br />(b) Any such agreements will not affect the nghts Borrower has - if any - with respect to the
<br />Mortgage Insurance under the Homeowners Protection Act of 1998 or any other law. These rights
<br />miay include the right to receive certain disclosures, to request and obtaIn cancellation of the
<br />Mortgage Insurance, to have the Mortgage Insurance terminated automatically, and/or to receive a
<br />refund of any Mortgage Insurance premiums that were unearned at the time of such cancellation or
<br />terminatian.
<br />11. Assignment oF Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby
<br />assigned to and shall be paid to Lender.
<br />If the Property is darnaged, such Miscellaneous Proceeds shall be applied to restoration or repair of
<br />the Property, if the restoration ar repair is economically feasible and Lender's security is not lessened.
<br />During such repair and restoration period, Lender shall have the right to hold such Miscellaneous Proceeds
<br />until Lender 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 may pay for the
<br />repairs and restoration in a single disbursement or in a series of progress paynnents as the work is
<br />connpleted. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such
<br />Miscellaneous Proceeds, L,ender shall not be required to pay Borrower any interest or eamings on such
<br />Miscellaneous Proceeds. If 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 Instrument,
<br />whether or not then due, with the excess, if any, paid to Borrower. Such Miscellaneous Proceeds shall be
<br />applied in the order provided for in Section 2.
<br />In the event of a total taking, destruction, or loss in value of the Froperty, the Miscellaneous
<br />Proceeds shall be applied to the sums secured by this 5ecurity Instrument, whether or not then due, wiCh
<br />the excess, if any, paid to Borrower.
<br />In the event of a partial taking, destruction, or loss in value of the Property in which the fair rnarket
<br />value of the Property irnrnediately before the partial taking, destruction, or loss in value is equal to ar
<br />greater than the amount of the sums secured by this Security Tnstrument irnmediately before the partial
<br />taking, destruction, or loss in value, unless Borrower and Lender otherwise agree in writing, the sums
<br />secured by this Security Tnstrument shall be reduced by the arnount of the Miscellaneous Praceeds
<br />multiplied by the following fraction: (a) the total amount of the sums secured irnmediately before the
<br />partial taking, destructian, 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 �aid to Borrower.
<br />In the event of a partial taking, destructian, or loss in value of the Property in which Che fair market
<br />value of the Property immediately before the partial taking, destruction, ar loss in value is less than the
<br />amount of the sums secured irnrnediately before the partial taking, destruction, or loss in value, unless
<br />Borrawer and I.ender atherwise agree in writing, the Miscellaneous Proceeds shall be applied to the sums
<br />secured by this Security Instrument wheCher or not the sums are then due.
<br />If the Property is abandoned by Borrower, ar if, after notice by Lender to Borrower that the
<br />Opposing Party (as defined in the next sentence) offers to make an award ta settle a clairn for darnages,
<br />Borrower fails to respond to Lender within 30 days after the date the notice is given, Lender is authorized
<br />to collect and apply the Miscellaneous Proceeds either to restorat►on or repair of the Property or to the
<br />surns secured by this Security Instrument, whether or not then due. "Opposing Party" means the third party
<br />that owes Borrower Miscellaneous Proceeds or the party against whorn Borrower has a right of action in
<br />regard to Miscellaneous Proceeds.
<br />Borrower shall be in default if any action or proceeding, whether civil or criminal, is begun that, in
<br />Lender's judgment, could result in forfeiture of the Property or other material impairment of Lender's
<br />interest in the Praperty or rights under this Security Instrurnent. Borrower can cure such a default and, if
<br />NEBRASKA - Single Family - Fannia MpelFreddie Mac UNIFORM INSTRUMENT
<br />�-BINE) loet t 1 Pape 9 ot 15 in�c�ais: � Form 3028 7/01
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