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2011�Q�w4
<br />As a result of these agreaments, Lender, any purchaser of the Note, another insurer, any reinsurer,
<br />any other entity, or any affiliate of any of the foregoing, may receive (directly ar indirectly) amounts thai.
<br />derive from (or might be characterized as) a portion of Harrower' s payments for Mortgage Insurance, in
<br />exchange for sharin� or rnodifying the mortgage insurer's risk, pr reducing losses. If such agreement
<br />provides that. an affiliate af Lender takes a share of the insurer's risk in exchange fpr a share of the
<br />prezniums paid to the insurer, the arrangement is often termed "captive reinsurance." Further:
<br />(a) Any such agreements will not affect the amaunts that Sorrower has agreed to pay far
<br />Mortgage Insurance, or any ather terms of the Loan. Such agreements will not increase the arnaunt
<br />Borrower will owe fnr Mortgage Insurance, and they will not entitle Barrower to any reFund.
<br />(b) Any such agreements will not affect the rights Barrower has - if any - with respect to the
<br />Murtgage Insurance under the Homeowners Prptection Act of ]998 or any other law. These rights
<br />may include the right to receive certain disclosures, to request and obtain cancellation of the
<br />Martgage Insnrance, to have the Martgage Insurance terminated automatically, and/or to receive a
<br />refund of any Mortgage Insurance premiums that were unearned at the t��te of such cancellation or
<br />terminatian.
<br />l.l.. Assi�nment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby
<br />assigned to and sha11 be paid to Lender.
<br />If the Property is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of
<br />the Property, if the restoratian or repair is ecanomically feasible and Lender's security is not lessened.
<br />During such repair and restoration period, Lender shall have the right to hold such Miscellaneous Proceeds
<br />until Lender ha5 had an opporiunity to inspect such Property to ensure the work has been completed to
<br />Lender' s satisfactipn, provided that such inspection shall be undertaken promptly. Lender may pay for khe
<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 rnade in writing or Applicable Law requires interest to be paid on such
<br />Miscellaneous Proceeds, Lender shall not be required to pay Borrowez any interest or earnings an such
<br />Miscellaneous Proceeds. If the restoration or repair is not econonnically feasible or Lender'ti security would
<br />be lessened, the Miscellaneous Proceed� shall be applied to the suxns s�cured by this Secur'rty Instrument,
<br />whether or npt then due, with the excess, if any, paid to �3orrower. Such Miscellaneous Proceeds shall be
<br />applied in the order provided for in Section 2.
<br />In the event of a Cotal talcing, destruction, or loss in va1u� af the Property, the Miscellaneous
<br />Froceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with
<br />the excess, if any, paid to Soz
<br />In the event of a partial takin�, destruction, or loss in value of the Property in which the fair market
<br />value of the Property immediately before the partial takin�, destruction, or loss in value is equal to or
<br />greater than the amount of the sums secured by this Security Instrument irz�mediately before the partial
<br />taking, destruction, or loss in value, unless E3orrower and Lender otlaerwise agree in writing, the sums
<br />secured by this Security Instrument shall be reduced by the amount af the Miscellaneous Proceeds
<br />multiplied by the following fraction: (a) the total arnount of the sums secured immediately before Che
<br />partial taking, destruction, or loss in value divided by (b) the fair market value of the Property
<br />immediately before the partial taking, destruction, or loss in value. Any balance shall be paid to Borrower.
<br />In the event of a partial taking, destruction, ar loss in value of the Property in which the fair rnarket
<br />value of the Property immediately before the partial taking, destruction, or lass in value is less than the
<br />amaunt of the sums secured immediately before the partial taking, destz or loss in value, unless
<br />Borrower and l,ender otherwise agree in writing, the Miscellaneous Proceeds shall be applied ta the sums
<br />secured by this Security Instrument whether or not the sums are then due.
<br />If the Property is abandoned by &�rrower, or if, after notice by Lender to &�rrawer that the
<br />Opposing Party (as defined in the next sentence) offers to make 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, Lender is authorized
<br />to collect and apply the Miscellaneous Proceeds either ta restoration or repair o£ the Froperty or to the
<br />sums secured by this Security Instrument, whether pr not then due. "Opposing Party" means the third party
<br />that owes Borrower Miscellaneous 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 begun that, in
<br />Lender's judgment, cauld result in forfeiture of the Property or other material unpairnaent of Lender's
<br />interest in the Property or rights under this Security Instrument. Bora can cure such a default and, if
<br />231040
<br />NEBRASKA - 5ingle Family - Fannie MaelFreddie Mac UNIFbRM INSTRUMENT �
<br />�-6(NE) �osii� Page9 of 15 in�t� : Form 3D2$ 1101
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