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�01009E5G
<br />As a result of these agreemenCs, I.,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) arnounts 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 rnortgage insurer's risk, or reducing losses. If such agreement
<br />provides that an affiliate of Lender takes a share of the insurer's risk in exchange for a share of the
<br />prerniums paid to the insurer, the arrangement is aften 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 Tnsurance, and they will not entitle Barrower to any refund.
<br />(b) Any such agreements will not affect the rights Borrawer has - if any - with respect to the
<br />Mortgage Insurance under the Homeowners Protectian Act af 199$ or any ather law. These rights
<br />may indude the iright 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 anearnec� at the time of such cancellation or
<br />termination.
<br />11. Assignment of Miscellaneous Proceeds; �'orfeitare. All Miscellaneous Proaee�s are hereby
<br />assigned to and shall be paid to T..ender.
<br />If the Property is darnaged, such Miscellaneous Froceeds shall be applied to restoration or repair of
<br />the Property, if the restoration or repair is economically feasible and Lender's security is not lessened.
<br />During such repair and restoration period, I.ender shall have the right to hold such Miscellaneous Proceeds
<br />until L.ender has had an opportunity ta inspect such Property to ensure the work has been complete� to
<br />L,ender's satisfaction, provided that such inspection shall be undertaken promptly. Lender rnay pay for the
<br />repairs and restoration in a single disbursement or in a series of progress payments as the work is
<br />completed. Unless an agreement is xnade in writing or Applicable Law requires interest to be paid on such
<br />Miscellaneous Proceeds, Lender shall not be required to pay Borrower any interest or earnings on such
<br />Miscellaneous Proceeds. If the restoratian or repair is not economically feasible or Lender's security would
<br />be lessened, the Miscellaneous Proceeds shall be applied to the surns secwred by this Security Instrument,
<br />whether or nat then due, with the excess, if any, paid to Borrower. Such Miscellaneaus Proceeds sha11 be
<br />applie� in the order provided for in Section 2.
<br />In the event of a total taking, destruction, or loss in value af the Property, th� Miscellaneous
<br />Proceeds shall be applied to the sums secured by this Security Instnunent, whether or not then due, with
<br />the excess, if any, paid to Borrower.
<br />In the event af a partial taking, destruction, or loss in value of Che Property in whach the fair market
<br />value of the Property imrnediately before the partial taking, destruction, or loss in value is equal to or
<br />greater than the amaunt of the sums secured by this Security Tnstrument immediately 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 Instrument shall be reduced by the amount of the Miscellaneous Proce�ds
<br />rnultiplied by the followxng fraction: (a) the total arnount of the surns secured irnrnediately before the
<br />partial taking, destruction, or loss in va�ue divided by (b) the fair market value of the Property
<br />immediately before the partial taking, destruction, or loss in value. Any balance shall be �aid to Borrower.
<br />In the event of a partial taking, destruction, or loss in value of the Property in wluch the fairr paaricet
<br />value of the Property immediately before the partial taking, destruction, or loss in value is less t��an i�e
<br />amount of the sums secured irnrnediately before the partial taking, destruction, ar loss in value, unless
<br />$arrower and Lender otherwise agre� in writing, the Miscellaneous Proc�ds shall be applied ta die siva�s
<br />secured by this Security Instrument whether or not the sums are then due.
<br />If the Property is abandoned by Sorrower, or if, after notice by Lender to Borrower that the
<br />Opposing Party (as defined in the next sentence) offers to make an award to settle a claim far damages,
<br />Borrower fails to respond to L.ender within 30 days after the date the notice is given, Lender is authorized
<br />to collect and apply the Miscellaneous Proceeds either to restoration or repair of the Property or to the
<br />sums secured by this Security Instrurnent, whether ar not then due. "Opposing Party" means the third party
<br />that owes Borrower Miscellaneous Proceeds or the party against whom Barrower has a right of action in
<br />regazd to Miscellaneous Proceeds.
<br />Borrower shall be in default if any action or procceding, whether civil or crirninal, is begun that, in
<br />Lender's judgment, could result in forfeiture of the Property or other material impairment of Lender's
<br />interest in the Property or rights under this Security Tnstrument. Borrower can cure such a default and, if
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFQRM INSTRUMENT
<br />�-��I�E� (0811) Page 9 of 15 INtials: �p�m ���$ 7/a9
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