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2011Q0324
<br />As a result of these agreernents, 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 frozn (or might be characterized as) a portion of Borrower's payments for Mo�tgage Insurance, in
<br />exchange for sharing or modifying the martgage insurer's risk, or reducing losses. If such agreernent
<br />provides that an affiliate of Lender takes a share of the insurer's risk in exchange for a share of the
<br />premiums paid to the insurer, the arrangement is often termed "captive reinsurance." Further:
<br />(a) Any such agreements will not affect the amounts that Borrower has agreed to pay for
<br />Mo�rtgage Insurance, or any other terms of the Loan. Sach agreements will not increase the amount
<br />Barrower will owe for Mortgage Insurance, and they will not entitle Borrowt�' to any refund.
<br />(b) Any such agreements will nat affect the rights Borrower has - if any - with respect to the
<br />Mortgage Insurance under the Homeowners Protection Act of 1448 or any other law. These rights
<br />may include the right to receive certain disclosures, to request and obtain cancellation of the
<br />Mortgage Insurance, ta have the Mortgage Insurance terminated automatitally, and/or to receive a
<br />refund af any Martgage Insurance premiums that were unearned at the time of such cancellatian or
<br />termination.
<br />11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellan�us Proc�eds are hereby
<br />assigned to and shall be paid to L.ender.
<br />If the Property is damaged, such Miscellaneous Proc�eds shall be applied to restoration or �uir of
<br />the Property, if the restoration or repair is economically feasible and L,ender's security is not 1�.
<br />During such repair and restoratian period, Lender shall have the right to hold such Miscellaneaus Prac�eecis
<br />until Lender has had an oppominity to inspect such Property to ensure the work has been completad to
<br />Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender rnay pay for the
<br />repairs and restoration in a single disburserrzeant or in a series of progress payments as the work is
<br />cornpleted. Un�less an agreement is made in writing or Applicable Law requires interest to be paid on such
<br />Miscellaneous Proceeds, Lender shall not be requi red to pay Borrower any interest or earnings on such
<br />Miscellaneaus Proceeds. If the restaration or repair is not economically feasible or Lender's security would
<br />be lessened, the Miscellaneous Proceeds shall be applied to the swns 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 in Sectian 2.
<br />In the event of a total taking, destruction, or loss in value of the Property, the Miscellaneous
<br />Proccetis shall be applied to the swns secured by this Security Instrument, whether or not then due, with
<br />the excess, if any, paid to Borrower.
<br />In the event of a paztial 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 equal to or
<br />greater than the amount of the surns secured by this Security Instxument immediately before the partial
<br />taking, destruction, or loss in value, unless Borrower and Lender otherwise agree in writing, tt�e swns
<br />secured by this Secu�ity Instnunent shall be reduced by the amaunt of the Miscellaneous Praceeds
<br />nnultiplied by the following fraction: (a) the total amount of the sums secured ixnmediately befare the
<br />partial taking, destructian, or loss in value divided by @) the fair market value of the Prpperty
<br />immediately before the partial taking, destruction, ar loss in value. Any balance shall be paid to Borrower.
<br />In the event af a partial taking, destruction, or loss in value af the Property in wh�ch the fair �'k�et
<br />value of the Property immediately before the partial taking, destruction, or loss in value is le.ss iha� t�ae
<br />amount of the sums secured immediately before the partial taking, destruction, ar loss in value, u�ess
<br />Borrower and Lender otherwise agree in writing, the Miscellaneous Proceeds shall be applied to itae s�uns
<br />secured by this Security Instrument whether or not the sums are then due.
<br />If the Property is abandoned by Borrowet, or if, after notice by Lender to Borrower Chat the
<br />Opposing Party (as defined in the next sentence) offers to make an award to settle a claim for darnages,
<br />Borrower fails to respond to I.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 Praperty or ta the
<br />sums secured by this Security Instrurnent, whether or not then due. "Opposing Party" means the third party
<br />that owes Borrower Miscellaneous Proceeds or the party against whorn Borrower has a right of action in
<br />regard to Miscellaneous Proceeds.
<br />Barrower shall be in default if any action or proceeding, whether civil or criminal, is begun that, in
<br />Lender's judgment, could result in forfeiture 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 Mae/Freddie Mac UNIFQRM INSTRUMIENT
<br />� page9of15 i��t�a��9 Form3028 1/01
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