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<br />As a result of these agreements, �nder, any purchaser of the No[c, azxnther insurer, any reinsurer,
<br />any other cntity, �r any affiliate of any of the foregoing, may receive (directly or indirectly) amaunts lhat
<br />derive from (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, nr rcducing losses. If such agreement
<br />pravides that an affiliate of L.ender takes a share of the insurer's risk in exchange for a share of the
<br />premiums paid to the insurer, the arrangement i� often termed "captivc rcinsurance." Further:
<br />(a) Any such agreements will not affect the amounts that Borrower ha5 agreed #c► pay far
<br />Mortga�e Insurance, or any other terrns of the Loan. Such agreements will not increase the amount
<br />Borrower will owe fc�r Martgage Insurance, and they will not entitle Borrowei• to any refund,
<br />(h) Any such agreements will not affect the ri�hts Borrower has - if any - with respect to the
<br />Mortgage Insurance under the Homeown�rs Prot�ction Act of 1�9�3 ��r any other law. These rights
<br />may include the right to receive certain disclosures, to request and obtain cancellation of the
<br />Mortgage Insnrance, to have the Mortgage Insurance terminated automatically, and/or to receive a
<br />refund of any Mortgs�g� Insuranc� premiums that were unearned at the time of such cancellation or
<br />termination.
<br />11.. Assignment of Miscellaneous Proceeds; �'orteiture. All Miscellaneous Proceeds are hereby
<br />assigned to and shall be paid ta I.ender.
<br />If the Property is damaged, such Miscellaneous Proceeds shall be ap�licd ta restoralic�n c�r rcpair of
<br />the Property, if thc rc:�tpratiUn or repair is econamically feasible and Lender's security is not lessened.
<br />During such repair and restc�ratic�n periud, Lender sha11 have tlxe right to hald such Miscellaneous Proceeds
<br />until Lender has had an opporiunity to inspect such Property to ensure the work has been completed to
<br />L.ender's satisfaction, provided that such inspection shall be undertaken promptly. T,ender may pay for the
<br />repairs and restoration in a single disbursement or in a series of progress payments as the work is
<br />cc�amplcted. Unl�ss an agreement is made in writing or Applicable Law requ'vres interest to be paid on such
<br />Misccllaneaus Pracceds, Lender shall not be required to pay Borrower any interest or earnings on such
<br />Miscellaneous Proceeds. If the restoration or repair is not economically feasiblc �r I,cndcr's sccurity would
<br />be lessened, the Miscellancc�us Proceeds sha11 be applied tn the sums sccurcd by this S�curity InsCrumenl,
<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 in Section Z.
<br />In the event of a total taking, destruction, or loss in value of" the Property, the Miscellaneous
<br />Procecds shall be applied to the sums secured by this 5ecurity Tnstrument, whether or not then due, with
<br />the excess, if any, paid to Bc�rrowcr.
<br />In the evenC of a partial taking, destruction, or loss in value of the Property in which the fair rnarket
<br />value of the Property inin�cdialcly bcfore lhc parlial taking, dcstructian, ar lass in value is �yual lc� ar
<br />greater than the amc�unl af tbc sums securcd hy this Sc;curily Inslrument immediately befure Che parlial
<br />taking, destruction, or loss in value, unless �3orrower and T.ender otherwise agree in writing, the sums
<br />secured by this Security Tnstrument shall be reduced by the amount of the Miscellaneous Proceeds
<br />xnultiplied by lhe fc�llowing fraction: (a) the total amaunt af the �ums 5ecured immediately bef�r� thc:
<br />partial laking, dc:struction, or loss in valu� divided by (b) thc fair markef value of thc Prcaperly
<br />irnmediately before the partial taking, destruction, ar lass in value. Any balance shall be paid to Barrnwer.
<br />Tn 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 before the partial taking, destruction, or loss in value is less than the
<br />arnount of the sums secured immediately before the pdrtial taking, d�struction, or loss in valuc;, unless
<br />I3orrowc:r and I,ender attierwise agree in writin�, khe Misccllaneous Proceeds sha11 be applicd lo the sums
<br />secured by this Security Instrument whether or not the sums are then due.
<br />If the Prpperty is abandaned by Borrower, or if, after nqtic:� by I.ender tU Barrower thal lhc
<br />Opposing Party (as dcfincd in Ihc ncxt scntence) offers to make an award to settle a claim for damages,
<br />Borrower fails to respond to T,ender 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 Instrument, whether or not then due. "Opposing Party" means the third party
<br />that owes Borrower Miscellaneous Proceeds or the party again.5t wham Barrower has a right of action in
<br />regard to Miscellaneous Proceeds.
<br />Borrower shall be in dcfault if any action or proceeding, whether civil or criminal, is begun that, in
<br />I�ender's judgmc:nt, eould resulk in farfc:iturc of the Property or other material impairment of Lender's
<br />interest in the Property or rights under this Security Instrument. Borrower can cure such a default and, if
<br />NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT
<br />�-61NE) iosi i� Page 9 of 16 in�c�eig: �orm 3028 7l09
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