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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 affrliate of any of the foregoing, may receive (directly or indirectly) arnounts that
<br />derive from (or rnight be characterized as) a portion of Borrower's payments for Mortgage Insurance, in
<br />exchange for sharing or modifying the rnortgage insurer's xisk, or reducing losses. If such agreement
<br />provides that an af�liate 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." Further:
<br />(a) Any such agreernents will not affect the amaunts that Sorrower has agreed to pay for
<br />Martgage Insurance, or any other terms of the Laan. Such agreements will not increase the amount
<br />Borrower will owe far Mortgage Insurance, and they will not entitle Borrower to any refund.
<br />(b) Any such agreements will not affect the rights Borrower has - if any - with respect to the
<br />Mortgage Insurance under the Homenwners Protection Act of 1998 or any other law. These rights
<br />may include the right to receive certain disclasures, to request and obtain cancellation af the
<br />Mortgage Insurance, to have the Mortgage Insurance tertninated automatically, and/or to receive a
<br />refund of any Mortgage Insurance premiums that were unearned at the time of such cancellation or
<br />terrnination.
<br />11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby
<br />assigned to and sha11 be paid to Lender.
<br />If the Property is darnaged, such Miscellaneous Praceeds shall be appliad to restoration or repair of
<br />the Property, if the restoration or repair is economically feasible and Lender's security is not lessenecl.
<br />During such repair and restoration period, Lender shall have the right to hold such Miscellaneous Proceeds
<br />until I..,ender has had an opportunity to inspect such Property ta ensure the work has been cornpletcd to
<br />Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender rnay pay for the
<br />repairs and restoration in a single disbursernent or in a series of progress payments as the work is
<br />cornpleted. Unless an agrecment is made in writing or Applicable Law requires interest to be paid on such
<br />Miscellaneaus Proceeds, Lender shall not be required to pay Barrow�r any interest ar earnuigs on such
<br />Miscellaneous Proceeds. If the restoration or repair is not economically feasible or Lender's security would
<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 Borrower. Such Miscellaneaus Procceds shall be
<br />applied in the order provide� for in Section 2.
<br />In the event of a total taking, destruction, or loss in value of the Property, the Miscellaneaus
<br />Procee�s shall be applied to the sums secured by this Security Instrurnent, whether or not then due, with
<br />the excess, if any, paid to Borrower.
<br />In the event of a partial taking, destruction, or loss in value of the Property in which the fair market
<br />value af the Property irnrnediately before the partial talcing, destruction, or loss in value is equal to or
<br />greater than the a�nount of the sums secured by this Security Instrument immediately before the partial
<br />taking, destruction, or loss in value, unless Borrower and T_.ender otherwise agree in writing, the sums
<br />secured by this Se�urity Instrument shall be ceduced by the arnount of the Miscellaneaus Proceeds
<br />xnultipli�d by the following fraction: (a) the total arnount of the surns secured 'ammediately before th�
<br />partial taking, destruction, or loss in value divided by (b) the fair ma►'ket value of Che P�roperty
<br />irnrnediately before the partial taking, destruction, ar loss in value. Any balance shall be �aid to Borrower.
<br />In the event of a partial taking, desttvction, or loss in value of the Property in which the fair markst
<br />value of the Praperty immediately before the partial taking, destruction, or loss in value is less i�n t�ce
<br />amount of the sums secure� immediately before the partial taking, destruction, or lass in value, u�less
<br />Borrawer and I,ender otherwise agree in writing, the Miscellaneous Praceeds shall be applied to the su�as
<br />secured by this Security Ynstrument whether or not the sums are then due.
<br />Tf the Property is abandoned by Bor,rower, or if, after notice by I.ender to Borrower that the
<br />Opposing Party (as defined in the next sentence) offers to make an award to settle a claim for dattaages,
<br />Borrower fails to respond to Lender within 30 days after the date the notice is given, Lender is authorized
<br />to collect and apply the Miscellaneous Proceeds either to restoration or repair of the Property or to the
<br />sums secured by this Security Instnunent, whether or not then due. "Opposing Party" means the third party
<br />that owes Borrower Miscellaneous Proceeds or the party against whorn Borrower has a right af action in
<br />regaxd to Miscellaneous Procee�s.
<br />Borrower shall be in default if any action or proceeding, whether civil or criminal, is begun that, in
<br />Lender's judgrnent, could xesult in farfeiture of the Property or other material impairment of Lender's
<br />interest in the Property or rights under this Security Instrurnent. Boxz'ower can cure such a default and, if
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
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