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201009794
<br />As u re�ult of these a�reemenls, Lender, uny purchaser ol� the Note, another insurer, any reinsurer,
<br />any nthcr cntity, or any affiliate nf any c�f the forcgoing rn�y rcceivt (directly or indircctly) amounts lhat.
<br />derivc from (or �Tiight be characterizcd as) a portion of Rorrowcr's paytxients for Morteage Tnsurance, in
<br />exchan�e lor sharing or inodifying the inottgage insurer's risk, or reducing losses. If such agreement
<br />provides lhat an afliliate of Lender lakes u share of lhe intiurer's risk in exchunge for a�hare ��f thc
<br />premium5 paid to the insurer, the arrangeinent i� ollen lenned "captive reinsurance." Furlher:
<br />(a) Any tiuch a�reements will not aifcct thc amounts that Br�rrowcr has agrecd to pay fur
<br />Mortgage Insurance, or any other terms ol` the Loan. �uch agrccmcnts will not inerease the amuunt
<br />Borrower will owe i'or Mortgagc Insuranec, and they will not entitle Borrower to any refund.
<br />(b) Any s��ch agreements will not affect the rights Borrower has - if any - with respcet to the
<br />Mortgage Insurance under thc IIumeuwners Protection Act of 1l9$ or any uther law. These ri�hts
<br />may include the right to reccivc certain disclosures, to requcst and obtain canceNlation nf the
<br />Mortgagc Insurancc, to havc thc Mortgagc Insurancc tcrminated automatically, and/or to receive a
<br />refund of any Mnrt�;age Insurance premiums that were unearned at the time uf such cancellatiun or
<br />terminatinn.
<br />1]. Assignment of Miticeltaneuus Pruceeds; Torfeiture. All Miscellanei�us Procceds arc hcreby
<br />a�signed to and shali he paid to Lender.
<br />Tf the Property is damaged, such Miscellaneous Proceeds shall be applied to restoralion or repair nf
<br />the Property, iF the restoration or repair is economically feasible and Lender's security is nat lesscned_
<br />D�aring titxch rtpair and restoratic�n periad Lender tihall have the tight to hold such Miscellancouti Proceeds
<br />Lmtil Lender ha� had an opportunity to inspect such Property tn ensure thc work has been completed to
<br />Lender's satisfaction, provided that such inspection shall be undertaken promptly. I.ender inay pay for ihe
<br />repairs and restoration in a single disbursement or in a serics of progre�� paymcnts as the work iy
<br />cc�mplutcd_ iTnlesti an agreement is made in writing or Applicahle Law reyuireti irttetetit to be paid on such
<br />Miscel.laneous Proc�eds, Lender shall not he required to pay Borrower any interest or earnings on �uch
<br />Miscellaneous Proceeds. If the restoration or repair is not economically feasible or I.ender's securily wuuld
<br />be lessened, ihe MiSCellaneoiis Proceeds tihall be upplied to the smnti secured by ihis Security Instrument,
<br />whcthcr or not thcn duc, with thc cxcctis, if any, paid tn I3orrowcr_ Such Miticcllancous Procccds shall be
<br />aprlicd in th� nrd�r provided fi�r in Scctinn 2.
<br />In thc cvcnt of a total takine, dcstructinn, or loss in val�ae aF thc Property, thc Misccllancous
<br />Pr��cecds sl�all he aprlicd t�i tlae sunas secured hy this S�curity Instrument, whether or t�ot tlaen duc, with
<br />the exces�, iF any, puid to $orrower.
<br />Iri the event nf a partial taking, clestruction, or loss in value of the Pruperty in which the fair market
<br />value of the Property inunediately before the partial taking, destniction, or loss in value is equal lo or
<br />greater than the amount of the swns secured by ihis Security Instn�ment immediately before the purlial
<br />taking, dcstnicii�m, or loss in valuc, unlctis I3i�rrowcr an�l Lender othenvise agree in writing, thc sums
<br />sccurcd by this �ec«rity Instnx[nent sl�all bc rcduced hy the amount of the Miscellaneous Frocccds
<br />multiplied hy the fulluwing liactivn: (u) ihe tptal amouni oI� the suins secured immediately betbre ihe
<br />pattial taking, desttuction, or loss in value divided by (b) the fair tnatkei value of the Property
<br />immediately beii>re the partial taking, desiruciicm, or losti in value. My balunce shall be paicl to Borrawer_
<br />In thc cvct�t ot� a partial taking, dcstnxction, nr loss in value of the Property in wl�ich the fair markct
<br />value uf ihe Properl.y immedialely belore the parl.ial takin�, deslruction, or loss in value is less than the
<br />amount of the sums secured iminediately belore the partial taking, dcstructinn, or loss in value, unle55
<br />13nttpwer arad Lender ptherwi�e agI'ee in wi'lting, the Mlticellaneous Proceeds �hall be applied io the tiums
<br />secured by this Security Insttument whether or not the sulns ate then due.
<br />If ihe Properly is abuncioned by $ottower, ur il�, alter notice by Lender to $orrower thai ihe
<br />Oppusing Pat1.y (a5 �lefined in t.he next sentence) c�fFers t�> make an awurd io 5ettle a claim fot damageti,
<br />Borrower fails to respond to Lender within 30 days after the date the notice iti given, Lendcr is authorized
<br />to collcct and ap�ly thc M.isccllancous Procccd� cithcr to restorati��ri or repair of thc Property i�r to the
<br />5ums secx►red by this Securily Inslrument, wheiher ot not t.hen due. "Upposing Party" means the third patly
<br />ihat owes Borrower Miscellaneous Proceeds or ihe party against whom T3orrower has a right nf action in
<br />regard to Miscellaneous Proceeds.
<br />Bottuwer shall be in defuult if any uclion ot proceeding, whether civil or criminal, is begun lhat, in
<br />Lender's judgment, could result in Forfeiture of lhe Properly or other material impainnent of Lender's
<br />interest iia the Property or rights uncler this Security Instniment. Borrower can cure such a default and, if
<br />NEBRASKA- Single Family - Fannie Mae/Freddie Mac UNIF�RM INSTI2UMENT
<br />�-6(NE) �osi�� Page 5 of 95 Initials:
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<br />Form 3028 1/U1
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