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<br />As a result of these a�reements, L�nder, any purchasear of the Note, another insurer, any reinsurer,
<br />any other �ntiry, or any affiliate of any of the foregoing, may receive (dire�ctty or indirecCly) arnounts that
<br />derive froxn (or might be charactsriz�d as) a portion of Borrower's payments for Mortgage Insurance, in
<br />exchange for sharing or modifying the rnongage 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 />premiruns paid to the insuarer, tk�e arrang�znent is aft.�n termed "captive reinsurance." Further:
<br />(a) Any such agreements wW not affect tlYe �►mounts that Borrawe�r has agreed to pay for
<br />Mortgage Tnsurance, or any other te.nns of the Loan. Such agreements w111 not increase the amount
<br />Borrow�r will owe for Martgege Insurance, and the� will not entitle Bocrower to aay re�nd.
<br />(b) Any such agreements will not aifect the raghts Borrower has - if any - with m.spect to tlie
<br />Mortgage Insurance under the Homeowuers Protection Act o� 199$ ar any other Iaw. These rights
<br />may include the right to receive certain disclosures, to re.quest and obtaia cancellation of the
<br />Martgage Insurance, to have the Moctgage Ltsurance termin�ted automatically, and/or to receive a
<br />ret'wnd of any Mortg�e Insurance premiums that weroe unearued at the time of such cancellatio� ar
<br />terminat�on.
<br />11. Assignnnent of M�scellaneous Proceeds; Forfe�iture. All Miscellaneous Proc.eeds are hereby
<br />assigned ta and shall be paid to Lender.
<br />If the Property is damaged, such Miscellaneaus Prqceeds 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 righC to hold such Miscellaneous Procceds
<br />until Lender has had an opportunity to inspect such Praperty ta ensure the work has beEn carnpleted to
<br />L,ender's satisfaction, provided that such inspection shall be underta.ken promptly. Lender may pay for Che
<br />repairs and restoration in a single disbursement nr in a series of progress payments as ths work is
<br />c�mpleted. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such
<br />Miscellaneous Prpceeds, Lender sha11 not be rec�uired to pay Borrawer any interest or earnings nn such
<br />Miscellaneous Procceds. if the restoration or repair is not economically feasible or Lender's securiry would
<br />be lessened, the Miscellaneous Proc.eeds shall be applied to ihe sums secured by this Security Instrument,
<br />whether pr not then due, with the excess, if any, paid to Bonower. Such Miscellaneous Proc�ds shall be
<br />applied in the ordex provided for in Section 2.
<br />In the event of a total taking, destructian, ar lass in value of the Property, the Miscellaneous
<br />Praceeds shall be applied to ihe sums secureci by this Se�urity Ir�strurnent, whethcr pr not then due, with
<br />the excess, if any, paid to Borrower.
<br />In the event of a partial taking, deatruction, or loss in value of the Property in which the fair market
<br />value of the Property irnmediately before the partial taking, destruction, oi loss in value is equal Ca ar
<br />greater than the amount of the sunns secured by th.is Security Instrument i.rnumediately before the partial
<br />taking, destruction, ar loss in valu�, wiless Bormwer and L,ender otherwise agree in writing, the sums
<br />secured by this Se�urity Instrument shall be reduc.ed by the amouzit of the Miscellaneous Pracc�ds
<br />multiplied by the following fraction: (a) the total arnount of the sums secured immediately before the
<br />partial taking, desCructinn, or lass un value divided by (b) the fair market value of the Properiy
<br />irnmediately before the partial ta�Cing, destruction, or loss in value. Any balance shall be �aid to Bonower.
<br />In the event of a partial taking, destruction, or loss in value of the Property in wtuch the fair market
<br />value of the Praperty immediately befpre the partial taking, destruction, or loss in value is less chan the
<br />amount of the sums secured immediately before the partia� taking, destruction, or loss in value, unless
<br />Borrower and Lender otherwise agre.e in writi.t�g, the Miscellaneous Proceeds shall be applied to the surr�s
<br />secure� by this Security Instrument whether or not the sums are then due.
<br />If the Property is abandoned by Bprrovver, or if, after notice by Lender to Borrower that the
<br />Opposing Party (as defined in the next serAtence) offers co malce an award to settle a claim for damages,
<br />Borrvwer fails to respond tn Lender within 3p days after rhe date the notice is given, Lender is authorized
<br />to callect and apply the Miscellaneous Proceeds either tp restoration pr repair of the Property or to the
<br />sums 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 whom Borrower has a right of action in
<br />regard to Miscellaneous �roce�s.
<br />Borrower shall be in d�fault if any action or proceeding, vc+hether civil or criminal, is begun that, in
<br />Lender's judgrnent, could result in forfeiture of the Property or other nnaterial impairment of Lender's
<br />interest in the Property or rights under this Security Instrument. Borrawer can cure such a default and, if
<br />NEBRASKA - Single Family - Fannia MaelFreddie Mac UNIFORM INSTRUMENT
<br />� 108111 Page B ot t 9 �nit�a�s: Form 3028 1/01
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