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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 affiliate of any of the foregaing, may receive (directly or indirectly) amounts that.
<br />derive from (or might be characterized as) a portion of Borrower' G payments for Mort�age Insurance, in
<br />exchan�e for sharin� or modifyin� the rnortgage insurer's riak, or r.educing losses. If such agreernent
<br />provides that an af£'iliate of I,ender takec a share of the insurer' S risk in exciian�e for a share of the
<br />premiums paid to the insurer, the arrangement is often termed "captive reinsurance." F'urther:
<br />(a} Any such agreements will not affect the amounts that Borrower has agreed to pay for
<br />Mortgage lnsurance, or any other terms of the Loan. Such agreements will not increase the amount
<br />Burrawer will owe for Mort�age Insurance, and they will not entitle Sorrower to any ret�und.
<br />(b) Any such a�reements will not affect the rights Borcower has - if an,y - with respect to the
<br />Martgage Insurance under the Homeowners Protecti��n Act of 1998 or any other law. '�"hese rights
<br />may include the right to rec�ive certain disclosures, to request and obtain cancellation ot' the
<br />Mortgage Insurance, tu have the Mortgage Insurance terminated automatically, and/or tu receive a
<br />refund of any Mortgage Insurance premiums that were unearned at the time of such canceliation or
<br />terminatipn.
<br />11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Froceeds are hereby
<br />asaigned to and shall be paid to Lender.
<br />If the Property is da�naged, such Miscellaneous Proceeds shall be appli�d to restoration or repair of
<br />the Property, if the restoration or repair is economically feasible and Lendear's security is not lessened.
<br />Durin� such repair and restoration period, Lender shall have the right to hold such Mzscellaneous Proceeds
<br />until Lender ha5 had an opportunity to inspect such Property to ensure the work has been completed to
<br />Lender' s satisfaction, provided that such inspection shall be undertaken prampCly. Lender may pay for the
<br />repair5 and restoration in a single disbursement or in a series of progress payments as the work is
<br />completed. Unless an agreement is made in writing or Applicabie Law requires interest to be paid on such
<br />Miscellaneous Proceeds, Lender shall not be required to pay Borrower any interest or earnings an sucli
<br />Miscellaneous Proceeds. lf ttae reatoration or repair is not economically feasible or Lender' s security would
<br />be lessened, the Miscellaneous Proceed5 sl�all be applied to the suzns secured by thi.s Security Instrument,
<br />whether or not then duc, with the excess, if any, paid to Borrower. Such Miscellaneous Proceed5 shall be
<br />applied in the order provided for in Section 2.
<br />In the event of a total taking, destruction, or loss in value of the Property, the Miscellaneous
<br />Proceeds shall be applied to the sumti secured by this Security Instrument, whetl�er or not Chen due, witl�
<br />the excess, if any, paid to Borrower.
<br />In the event of a partial taking, destruction, or loss in value �f the Property in which the fair market
<br />value of the Property irnrnediately before the partial talcing, destruction, or loss in value i5 equal to or
<br />gr�at�r than the amount of the sums secured by this Security Instrument immediately before the partial
<br />taltiing, destruction, or loss in value, unless Borrower and Lender otherwise agree in writing, the sums
<br />secured by this Security Instrument shall be reduced by the axnount of the Miscellaneoua Proceeds
<br />multiplied by the following fraction: (a) the total amount nf the sums secured irnmediately before the
<br />partial taking, dest� or lass in value divided by (b) the fair market value of the Property
<br />i�unediately before the partial taking, destruction, or loss in value. Any balance shall be �aid 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 of the Praperty immediately before the partial taking, destruction, or loss in value is less than the
<br />amount of the sums secured immediately before the partial taking, destruction, or loss in value, unless
<br />Borrower and Lender otherwise agree in writing, the Miac�llaneous Proceeds sha11 be applied to th� sums
<br />secured by this Security lnstrument whether or not the sums are then due.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the
<br />Oppasing Party (as defined in tl�e next sentence) offers to malce an award to settle a claim for damages,
<br />Borrower fails to respond to Lender within 30 days aFter the date the notice is given, I.ender is authorized
<br />to collect and apply the Miscellaneous Proceeds �ither to restoration or repair of the Property ar to the
<br />sums secured by this Security Instrument, whether or not then due. "Opposing Party" means the third party
<br />that owes Borrower Miscellaneoua Proceeds or the party against whom Borrower has a right of action in
<br />regard to Miscellaneous Proceeds.
<br />Borrower shall be in default if any action or proceeding, whether civil or criminal, is be�un that, in
<br />Lender' s judgment, cauld result in forfeiture of the Property or other xnaterial impairment of Lender' s
<br />int�rest in the Property or rights under this Security Instrument. Borrower can cure such a default and, if
<br />231031
<br />NEBRASKA - Single �amily - Fannie MaelFreddie Mac UNIFORM INSTRUMEN7 J ��
<br />�-6(N�) (0811) Page9 of 15 Initials: �/F/' Form 3028 1/01
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