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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 xnortgage 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 />premiums paid to the insurer, the arrangement is often termed "captive reinsurance." �'urther:
<br />(a) A�ny such agreements will nat affect the amounts that Borrower has agrced to pay far
<br />Mortgage Insurance, or any other terms af the Laan. Such agreements will not increase the amount
<br />Borrower will owe for Mortgage Insuraace, and the� will not entitle Barrower to any refund.
<br />(b) Any such agreements will not af�'ect the nghts Borrower has - if any - with respect to the
<br />Mortgage Xnsurance under the Hameowners Protection Act of 1998 or any other law. These rights
<br />may inclade the cight to receive certain disclosures, to request and obtain cancellatian af the
<br />Mortgage Insurance, to have the Mortgage Insurance terminated automatical(y, 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 Miscellaneous Proceeds; Forfeiture. All Miscellaneous Procceds are hereby
<br />assigned to and shall be paid to Lender.
<br />If the Property is damaged, such Miscellaneous Proc.eeds 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 lessene�i.
<br />During such repair and restoration period, Lender shall have the right to hold such Miscellaneous Proceeds
<br />until I..endcr has had an opportunity to inspect such Property ta ensure the work has been completed to
<br />Lender's satis�action, provided that such inspection shall be undertaken promptly. Lexider may pay for th�
<br />repairs and restoration in a single disbursement nr in a series of progress payrnents as the work is
<br />cotnplete�. Unless an agreement is made 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 restoration or repair is not economically feasible or I.ender's security would
<br />be lessened, the Miscellaneous Proceeds shall be applied to the suans secured by this Security Instnunent,
<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 fat in Section 2.
<br />In the event of a total taking, destruction, or loss in value of the Property, the Miscellaneous
<br />Pracee�s sha11 be applied to the sums secured by this Security Instrument, whether or not then due, with
<br />the excess, if a�ny, paid ta Borrower.
<br />In the event of a partial taking, destruction, or loss in value of the Praperty in wtuch the fair market
<br />value of the Property irnmediately 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 inm�ediately before the partial
<br />taking, destruction, or loss in value, ur►less Borrower and Lender otherwise agree in writing, the sums
<br />secured by this Security Instrument shall be reduced by the amount of the Miscellaneous Procceds
<br />tnultiplied by the following fraction: (a) the total amount of the sums secured immediately before the
<br />partial taking, destruction, or loss in value divided by (b) the fair market value of The Property
<br />irnrnediately before the partial taking, destzvction, or loss in value. Any balar►ce sha.11 be�aud to Bormwer.
<br />In the event of a partial taking, destruction, or loss in value of the Property in wYuch the fair markeet
<br />value of the Property immediately before the partial taking, destruction, or loss � ��u� �s r� ,� �
<br />amount of the surns secured immediately before the partial taking, destzuctian, ar loss in valu�e, wiless
<br />Borrawer and Lender otherwise agree in writing, the Miscellaneous Proceeds shall be applied to the suins
<br />secured by this Security Tnstrument whether or not the sums are th�n due.
<br />If the Property is abandaned by Borrower, or if, after notice by Lender to Borrawer that the
<br />Opposing Party (as defined in the next sentence) offers to make an award to settle a claim for damages,
<br />Borrower fails to respond to I.ender within 30 days after the date the notice is given, Lender is authorized
<br />to collect and apply the Miscellaneous Praceeds either to restoration or repair of the Property or to the
<br />sums secured by this Security Instrurnent, whether or not then due. "Opposing Party" rneans ihe third party
<br />that owes $orrower Miscellaneous Proceeds or the party against whom Bonower has a right of action in
<br />regard to Miscellar�eous 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 farfeiture of the Property or other material impairment of Lender's
<br />interest in the Property or rights under this Security Tnstrument. $onower can cure such a default and, if
<br />N�BRASKA -$ingle Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMEN7
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