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<br />As a result of these agreernents, Lender, any purchaser of the Note, another insurer, any reinsurer,
<br />any other entity, or any af�liate of any of the foregoing, may receive (directly ar indirectly) amounts that
<br />derive from (or might be characterized as) a portion of Borrower' s payznents for Mortgage Intiurance, in
<br />exchange for sharing or modafying the mortgage insurer's risk, or reducing losses. If such agreeznent
<br />provides that an af�liate of Lender talces a share of the insurer' S risk in exchange far a share of the
<br />premiums paid to the insurer, the arran�ement is aften termed "captive reinsurance." Further:
<br />(a) Any such agreements will not affect the amounts that Borrower has agreed to pay for
<br />Mortgage Insurance, ar any other terms of the Laan. Such agreements will not increase the amount
<br />Sorrower will owe fnr Martgage Insurance, and they will not entitle Borrawer to any refund.
<br />(b) Any such agreements will not affect the rights Sorrower has - iF any - with respect to the
<br />Mortgage Insurance nnder the Homeowners Protection Act of 1998 or any ather law. These rights
<br />may include the right to receive certain disclosures, ta request and obtain cancellation of the
<br />1Vlortgage Insurance, to have the Mortgage Insurance terminated automatically, and/or to receive a
<br />refund of any Mortgage Insurance premiums that were unearned at the time of such cancellatipn or
<br />termination.
<br />11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby
<br />assigned to and shall be paid to I�ender.
<br />If the Property is daxnaged, such Miscellaneous Proceeds shall be applied to restoration 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 sha11 have the right to hold such Miscellanevus Proceeds
<br />until Lender has had an opportunity to inspect such Property to ensure the work has been completed to
<br />Lender' s satisfaction, provided that such inspection sha11 be undertaken promptly. Lender may pay for the
<br />repairs and restoration in a single disbursement or in a series af progress payments as the work is
<br />completed. Unless an agreement is nnade in writing or Applicable Law reguires interest to be paid on such
<br />Miscellaneous Proceeds, Lender shall not be requirad tc� pay Borrower any interest or earnin�s 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 Instrurnent,
<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 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 surns secured by this Security Instrurnent, whether or not then due, with
<br />the excesa, 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 of the Property immediately before the partial taking, destruction, or lpss in value is equal to or
<br />greater than the amount of the sums secured by this Security Instrurnent immediately before the paztial
<br />taking, destructian, or loss in value, unless Borrower and Lender otherwise agree in writin�, the sums
<br />secured by this Security Instrurnent shall be reduced by the amount of the Miscellaneous Proceeds
<br />multiplied by the following fractipn: (a) the total axnount af the sums secured iznmediately before the
<br />partial taking, destruction, or loss in value divided by (b) the £air market value of the Property
<br />imxnediatcly bafore the partial taking, destruction, or loss in value. Any balance shall be �aid ta Barrower.
<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 Property 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 Miscellaneous Proceeds sha11 be applied to the sums
<br />secured by this 5ecurity Tnstrument whether or not the sums are then due.
<br />If the Froperty is abandaned by Borrower, or if, after notice by Lender to Borrower that the
<br />Opposing Party (a5 defined in the next sentence) offers to make an award to settle a claim far damages,
<br />Borrowar faila to respond to Lender within 30 days after the date the notice is given, Lender is autharized
<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 Instrurnent, whether or not then due. "Opposin� Party" means the third party
<br />that owes Borrovver Miscellaneous Proceeds or the party against whorn 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 he�un that, in
<br />Lender' s judgment, could result in forfeiture of the 1'roperty or other material impairment of Lender' s
<br />interest in the Property or rights under this 5ecurity Instrument. Borrower can cure such a default and, if
<br />231037
<br />NE8RA5KA - Single Family - Fannie MaelFreddie Mac UNIFQRM INSTRUMENT
<br />�-6(NE) (08�1) Page9 of 15 �nitia�s: Form 3028 1101
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