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2oi�000�s
<br />As a result of these agreements, Lender, any purGhaser of the Note, another insurer, any reinsurer,
<br />any other entity, or any affiliat� of" any of the foregoing, may receive (directly or indirectly) amounts that
<br />derive frpm (or might be characterized as) a portion of Borrower' s payments for Mortgage Insurance, in
<br />exchange for sharing or modifying the mortgage insurer's risk, ar reducing losses. If �uch agreement
<br />provides that an af�liate of Lender takes a 5hare of the insurer's risk in exchange for a share of fhe
<br />prexniums paid to the insurer, the arrangement is often termed "captive reinsurance." Further:
<br />(a) Any such agreements will not affect t�e amounts that Borrower has agreed ta pay for
<br />Mortgage Insurancc, or any other terrns of the Laun. Such agreements wi11 npt increase the amonnt
<br />Borrower will owe for Mortga�e Insurance, and they will not entitle I3orrower to any refund.
<br />(b) Any such agreements will not affect the rights Barrower has - if any - with respect to the
<br />Mortgage Iusurance under the Homeowners Protection Act of 1998 or any other law. These rights
<br />may include the right fo receive certain disclpsures, to request and abtain cancellation of the
<br />Mortgage Insurance, to have the Mort�age Insurance terminated autamatically, and/or to receive a
<br />refund pf any Mortgage Insurance premiums that were unearned at the time a1' such cancellation or
<br />termination.
<br />11. Assignment of M�scellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are }xereby
<br />assigned to and 5ha11 be paid to Lender.
<br />Jf the Property is damaged, such Miscellaneous �'raceeds shall be applied to restoration or repair of
<br />the Property, if the restoration or repair is economically feasible and Lender's security i5 not lessened.
<br />During such repair and restoration period, Lend�r shall have the right to hold such Miscellaneous Proceeds
<br />until T.ender has had an opportunity to inspect such Property to ensure the work hati been completed ta
<br />Lender's satistaction, provided that such inspection shall be undertaken prpmptly. Lender may pay for the
<br />repairs and restoration in a single disbursement ar in a series af progress payments as the work is
<br />completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such
<br />Miscellaneous Proceed5, Lender slaall not be required to pay Borrower any interest or earnings on such
<br />Miscellane�us Prcrceeds. !f the restoration or repair is not econamically feasible or Lender's securitv wou1�3
<br />be lessened, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument,
<br />whether or not then due, with the excess, if any, paid to Bqrrower. Such Miscellaneous Proceeds shall be
<br />applied in the order provided for in 5ection 2.
<br />In the event of a total taking, destruction, or loss in value of the Property, the Miscellaneous
<br />Proceeds shal] b� applied t� tl�e sums secured hy this Security Instrument, whether or not then due, witli
<br />the excess, if any, paid to $orrawer.
<br />In the event of a partial taking, destruction, or loss in vaIue of the Property in which the fair xnarket
<br />value of the Property immediately before the partial taking, destruction, ar loss in value is equal to or
<br />greater than the arnount of the surns secured by this Security Instrume�at immediately before the partial
<br />taking, destruction, ar loss in value, unless Bonrower and Lender otherwise agree in writing, the sums
<br />secured by this Security Instrument shall be reduced by the axnnunt of the Miseellaneous Yroceeds
<br />multiplied by the following fraction: (a} ttae total amount of' the sums secured immediately before the
<br />partial taking, destruction, or lpss in value divided by (b) the fair market value of the Property
<br />unmediately before the partial taking, destruction, or loss in value. Any balance sha11 be �aid to Bozrower.
<br />In the event of a partial taking, destruction, or loss in value of the Property in which the fair market
<br />value of the Property immediately befare the partiat takin�, destructiozi, or loss in value is less than the
<br />amount of the sums secured immediately befare the partial taking, destruction, or loss in value, unles5
<br />Borrower and Lender otherwise agree in writing, the Miscellaneous Proceeds shall be applied to the sums
<br />secured by this Security Instrument whether or not the sums are then due.
<br />If the Property is abandoned by Borrower, pr if, after natice by Lender ta Borrawer that the
<br />Opposing Party (as defined in the next sentence) affers to make an award to settle a clazm for damages,
<br />Sorrower fails to respond to Lender within 30 days after the date the notice is givez�, Lender is autk�orized
<br />to collect and apply the Miscellaneous Proc�eds either to restoration or 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 wl�om Borrower has a right of action in
<br />regard to Miscellaneous Proceeds.
<br />Sorrower shall 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 Froperty or rights under this 5ecurity Xnstrument. Borrower can cure such a default and, if
<br />231029
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />�-6(NE) �oeii� Paga9af 15 in���eis: ��� Form 3028 1I01
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