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2011U0135
<br />As a result of these agreements, Landar, any purchaser of the Note, another insurer, any reinsurer,
<br />any other entity, ar any a#�liate of any of the foregoing, may re�eive (directly or indir�tly) amatuits that
<br />derive from (or might be characteriz,ed as) a portian of Borrower's payments for Mortgage Insurance, in
<br />exchange for sharing or modifying the �rtgage insurer's risk, ar reducing losaes. If such ageement
<br />provides that an affiliate of Lender takes a share of the 'vrtsurer' s risk in exchange for a share of the
<br />premiums paid ta the insurex, the arrangement is often tennad "captive reins�ance." Further:
<br />(a) Any such agireements will not affect the amiounts that Barrower has agreecl to pay far
<br />Martgage Insurance, or any ather terms of t�e Loan. Sach agreements will not inereaee the amount
<br />Borrower wlll owe for Mortgage Insurance, and the� will not entitle Borrower to any refund.
<br />(b) Any such agreements will nut affect the nghts Bocrower hx� - if any - with respect to the
<br />Mortgage Imsurance under the Homeowners Protection Act af 1998 or any pther law. These rights
<br />may include the right to recefve certain disclosures, to request and obtain cancellatinn of the
<br />Mortgage In�urance, to have the Mnrtgage In�urance terminate� atrtomatically, and/or to receive a
<br />refund of any Mortgage Insurance preminms that were unearned at the time of such cancellation ar
<br />termivation.
<br />11. Assignmebt nf Miscellaneous Pror.eeds; Farfeiture. All Miacellaneous Praceeds are hereby
<br />asaigned to and shall be paid to I.ender.
<br />If the Property is damaged, such Miscellaneous Proceeds ahall 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 />unril Lender has had an opportunity ta ins�ct such �xoperty to ensure the work has been rampleted to
<br />Lender' s satisfaction, providai that such inspection shall be undertaken promptly. Lender maq pay far the
<br />repairs and restoration in a single disbursement or in a series of pragress payments as the work is
<br />completed. Unless ma agre�ment ia made in writing or Applicsble Law requir� interest to be paid on such
<br />Miscellaneous Procce�is, Lender shall nat be re�u'vred to pay Borrower any interest or earnings on such
<br />Miscellancoua Proceeds. If the re�sttoration or repair is not �anamically feasible or �.ender' s security would
<br />be leesened, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument,
<br />whether or not then due, with the excess, if auy, paid to Sorrower. Such Miscellaneous Proceeds shall be
<br />applied in the order provided for in Section 2.
<br />In the event af a total taldng, destruclion, or loss in value of the Property, the Misc011aneous
<br />Praceeds ahall be xpplied to the sums secured by this S�urity In.stnxment, whetUer ar not then due, with
<br />the e�ccess, if any, paid to Borz�ower.
<br />In the event af a partial taking, desiruction, or loss in value of the Properly in which the fair mar�Cet
<br />value of the Property immediately before the partial taking, destruction, ar loas in value is equal ta ar
<br />greater than the mnount of tUe surns secured by this Security Instrument 'vnmediataly befare the partial
<br />taking, destructiom, or lpss in value, unlesa Hozrower and Lender otherwise agree in writing, the s�ns
<br />secureci by this Security Insq�unnent shall be reduce� by the axt�ount of ths Miacellanenus Pxoc�eds
<br />multiplied by the following fraclian: (a) thc total amount of the su�ns secured immediately before the
<br />partial taking, destxuction, or loss in value divid�l by (b) the fair mar'ket value of the Properry
<br />immediately befare the pariial talang, destruction, or loss in value. Any balance shall be �aid Co Sorrower.
<br />In the event af a partial taking, destructian, or loss in value of the Property in which the fair market
<br />value of the Praperty immediately before the partiial taking, destniction, or loas in value is loas thian the
<br />amount of the aums secured immediately befare the partial takin�, destruction, or loss in value, umless
<br />Borrower and Lender otherwise agree in writing, the Miscellaneous Proceeds sha11 be applied ta the sums
<br />secured by tlais Seeurity Instrument whethar or not the sums are then due.
<br />If the Property is abandonecl by Borrawer, or iF, after notice by Lender to Borrowair tlaat the
<br />Opposing Party (as define� in the next sentence) offers to make an award to settle a claim for damages,
<br />Horr�vver fails to respand to Lender within 30 days after the date the natice is given, Lender is authorized
<br />to collect and apply the Miscellan�us Procee�s either to restoration or repair of t1�e Property or to the
<br />sums secured by this Security Instrument, whether or not then due. "Qppasing Party° means the third P�Y
<br />that owes Borruwer Miscellaneaus Proceads ar the parly against whorn Horrower has a right of action in
<br />regard ta Miscellaneous �cocceds.
<br />Borrower shall be in default if any action. ar proceeciing, whether civil ar ccimitaal, is begim that, in
<br />Lender's jud;�ment, crnxld result in forfeiture of the Property ar o#her material impairment of Lender's
<br />interest in the Property ar rights under this 5ecurity Instrument. Horrower can cure such a default and, if
<br />acceleration has occurrad, reinstate as provided i.n Se�tion 19, by causing the ackiom ar proceeding ta be
<br />2z00081fi27 D v6�NE
<br />NEBRASKA - Single Famtly - Fannia Mae/Freddle Mac UNIFORM IN51"RUMENT WITH
<br />�.�BA(Nq �oaio� Pops 9 af 15 In Form 9D28 7/07
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