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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 af�liate of any of the faregoing, may receive (directly or indirectly) amounts that
<br />derive from (or znight be characterized as) a portion of Borrower' s payments for Mortgage Insurance, in
<br />exchange for sharin� or rnodifying the mort�age insurer' s risk, or reducing losses. If such agreement
<br />provides that an af�liate of Lender takes a share of the insurer's risk in exchange For a share of the
<br />premiums paid to the insnrer, the arrangement is often termed "captive reinsurance." Further:
<br />(a) Any such agreexnents will not affect the amounts that Borrower has agreed to pay for
<br />Martgage Insurance, or any other terms of the Loan. Such agreements will not inerease the amaunt
<br />Borrower will awe for Mortgage Insurance, and they will not entitle Barrower to any refund.
<br />(b) Any such agreements will not affect the rights Sorrower has - if any - with respect to the
<br />Mortgage Insurance under the Homeowners Protectian Act of 1998 or any ather law. These rights
<br />may include the right to receive certain disclosures, to request and obtain cancellation of the
<br />Mortgage Insurance, to have the Mortga�e 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 />termination.
<br />11. Assignment of Miscellanevus Proceeds; Forfeiture. Al] Miscellaneous Proceeds are hereby
<br />assigned to and shall be paid to Lender.
<br />If the Property is damaged, such Miscellaneous Proceeds 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, Lender shall have the ri�ht to hold such Miscellaneous Proceeds
<br />until Lender has had an opportunity ta inspect such Property to ensure the work has been completed ta
<br />Lender' s satisfactipn, 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 payments as the work is
<br />completed. Unless an agreeme�at is made in writing or Applicable Law requires interest to be paid on such
<br />Miscellaneous Proceeds, Lender shall not be required to pay Borxower any interest pr earnings 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 pr 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 Z.
<br />In the event of a total taking, destruction, or loss in value of the Property, the Miscellaneous
<br />Froceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with
<br />the excess, if any, paid to Borrowar.
<br />In the event of a partial taking, destruction, or loss in value of the Property in whic�t the fair rnarket
<br />value of� the Property immediately before the partial taking, destruction, or loss in value is equal to or
<br />greater than the amount of the sums secured by this Security Instrument immediately befare the partial
<br />Caking, destruction, or loss in value, unless Borrower and Lender otherwise agree in writing, the sums
<br />secured by th.is Security Instrument shall be reduced by the amount of the Miscellaneous Proceeds
<br />multiplied by the fallowing fraction: (a) the total amount af the sums secured immediately before the
<br />partial taking, destzuction, or loss in value divided by (b) the fair market value af the Property
<br />immediately before tt�e partial taking, destruction, or loss in value. Any balance shall be paid to Borrower.
<br />In the event of a partial taking, destruction, or loss in value of the Property in verhich the fair market
<br />value of the Froperty immediately before the partial takin�, destruction, or loss in value i5 less than the
<br />arnount of the sums secured immediately before the partial taking, destruction, or loss in value, unless
<br />Borrower and Lender otherwise agree in writing, the Miscellaneous Proceeds sha11 be applied to the surns
<br />secured by this Security Instrument whether or not the sums are then due.
<br />lf the Property is abandoned by Borrower, or if, after notice by �.ender to Barrower that the
<br />Opposing Party (as de�ned in the next sentence) offers to make an award to settle a clai�a far damag�s,
<br />Borrower fails to respond to Lender within 30 days after the date tkae 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 Instrun:ient, whether or not then due. "Opposing 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 Prac�eds.
<br />Borrowar sha11 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 Property or ri�hts under this Security Instrument. Borrower can cure such a default and, if
<br />231001
<br />N�BRASKA - Single Family - Fannie MaelFreddie Mac LINIFORM IN5TRUMENT
<br />�-G'NE) (0811) Paga s ot t5 Initials: �_ Q� Form 3028 1101
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