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<br />As a result of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer,
<br />any other entrty, or any affilrate of any of the foregoing, may receive (directly or indirectly) amounts that
<br />derive from (or might be characterized as) a portion of Borrower's payments for Mortgage insurance, in
<br />exchange for sharing or modifyrng the rnortgage rnsurer's risk, or reducing losses. If such agreement
<br />provides that an aF6liata of Lender takes a share of the insurer's risk in exchange for a share of the
<br />premiurns paid to the insurer, the arrangement is often termed "captiva reinsurance." Further:
<br />(a) Any such agreements will not affect the amounts that Borrower has agreed to pay for
<br />Mortgage Insurance, or any other terms of the Loan. Such agreernents will not increase the amount
<br />Borrower will owe for Mortgage insurancc, and the� wi11 not entitle Borrower to any refund.
<br />(b) Any such agreements will not affect the nghts Eorrower has - if any - with respect to the
<br />Mortgage insurance under the Honneowners Protection Act of 1998 or any other law. These rights
<br />may include the right to receive certain disclosures, to request and abtain cancellation nf the
<br />Mortgage Insurance, to have the Mortgage Insurance terminated automatically, anc�/or to recelve a
<br />refund of any Mortgage Insurance ptemiums 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 shall be paid to Lender.
<br />Tf the Property is damaged, such Miscellaneous Proceeds shall be applied to restaration 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 right to hold such Miscel.laneous Proceeds
<br />until Lender has had an opporlunity to inspect such Property to ensure the work has been completecl to
<br />Lender' s satisfaction, provided that such inspection shall be undertaken prornptly. Lender rnay pay for the
<br />repairs 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 Applicable Law requires interest to be paid on such
<br />Miscellaneous �roceeds, T�ender shall not be required to pay Borrower any interest or earnrngs on such
<br />Miscellaneous Proceeds. lf 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 Miscellaneous Proceeds shall be
<br />applied in the order provided for rn Section 2.
<br />In the event of a total takrng, destruction, or loss in value of the Property, the Miscellaneous
<br />Proceeds shall be appHed to the sums se�ured by this Security Instrument, whether or not then due, with
<br />the excess, rf any, paid to Borrower.
<br />Tn the event of a partial taking, destruction, or loss in value oF the Praperty in which the fair market
<br />value of the Property immediately before the partial taking, destruction, ar lass in value is equal to or
<br />greater than the amount of the swns secured by this Security Instrument immediately before the partial
<br />taking, 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 amount of the Miscellaneous Proceeds
<br />rnultiplied by the follawing fraction: (a) the total amount of th� suuns s�ured immediately before the
<br />partial taking, destruction, or loss in value divided by (b) the fair market value of the Property
<br />immediately before the partial taking, destructron, or loss in value. Any balance shall be �aid to Borrower.
<br />In the event of a partral taking, destruction, or loss in value oF the Property in w�uch the fair market
<br />value of tha Property immedrate.ly before the partial taking, destruction, or loss in valua is less than the
<br />atnount of the sums secured immediately before the partiai takrng, destructio», or loss in value, unless
<br />Boxa and Lender otherwise agree in writing, the Miscellanebus Proceetls sha11 be applied to the sums
<br />secured by this Security Instrument vvhether or not the sums are then due.
<br />if the Property is abandoned by Borrower, or if, afiter' notice by I.,ender to Boxrower that the
<br />Opposing Party (as defined in the next sentence) offers to make an award to settle a claim for darnages,
<br />Borrower fails tn respand to Lender within 30 days after tha date the notice is given, Lender is authorized
<br />to collect at�d apply the Miscellaneous Proceeds either to restarati�n or repair of the Property or to the
<br />sums secured by this 5e�urity Instrumetat, whether or not then due. "Opposing Party" means the third party
<br />that owes Sorrower Miscellaneous Procee�ls or the party against wh. am Borrower has a right of action in
<br />regard to Miscellaneous Proceeds.
<br />Borrower shall be in default if any action or pxocee�ing, whether civil or criminal, is begun that, in
<br />Lendar's judgrnent, could result in forfeiture of the Properiy or other material impairment af Lender's
<br />interest in the Property or rights under this 5ecuriiy Instrwnent. Borrawer can cura such a default and, if
<br />acceleration has occurred, reinstate as provided in Section 19, by causing the action or proceeding tn be
<br />2200094632 D V6ANE
<br />NEBRA3KA - Single Family - Fannie MaelFreddle Mac UNIFQRM INSTRUMENT WI�7���
<br />�-8A(Nq 1oa�o1 Pege 8 of 15 �n�t�e�s� Form 3p2$ 7/01
<br /><> 4""'�/
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