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<br />As a result of lhese agreements, Lender, any purchaser of the Note, another insurer, any reinsurer,
<br />any other entity, or any affi.liate of any oF the foregoing, may rec:e'xve (directly or indirecdy) amounts that
<br />derive from (or might be characterized as) a pc�rtion of Borrower'S payments for Mortgage Insurance, in
<br />exehange for sharing or modify�in� the mortgage insurer's risk, or reducing losses. If such agreement
<br />provides that an af�liate of I,ender talces a share of the insurer's risk in exchange for a share of thc
<br />premiums paid to the insnrex, the arrangement is oflen termed "captive reinsurance." Further:
<br />(a) Any such ugreements wi11 not affect the amounts that Sorrower has agreecl to pay fnr
<br />Mortgage Insurance, ar any other term� of the L�an. 5uch x�reements will not increase the amount
<br />$orrower will owe for Mortgage Insnrance, and the� will not entitle Sorrower to any refund.
<br />(1�) Any such agreements will not affeck the nghts Borrower �as - if any - w�th r�spect to the
<br />Mortgage Insurancc undcr the Hameowners Protection Act of 19�8 or any other law. Thcse rights
<br />may include the right to receive certain disclosures, ta ��eqnest �nd obt�in canc�ellstti�n of the
<br />Mortgage Insurance, to have the Morkgage Insurance terminated autornatically, and/or to receive a
<br />refund of any Martgage Insurance premiums that werc unearned at the time of such cancellat►on or
<br />terminution.
<br />11. Assig�unent of Miscellaneous Procecds; Forfeitnre. All Miscellaneous Proceeds are hereby
<br />assigned to and shall be paid to .C.ender.
<br />If the Properiy is damaged, such Miscellanevus Proceeds shall he applied to restoration or repair of
<br />the Property, if the restoration or repair is er;onomically fea�ible and Lender's sccurity is not lesseued.
<br />L7uring such repair and restoration period, Lender shall have the right W hnld such Miscellaneous Procceds
<br />until I.ender has had an, apportunity to inspect such Propercy to ensurc: lhc work has becn complctcd to
<br />I.ender's satisfaetion, provided that such inspection shall be undertaken promptly. Lender may pay for the
<br />repairs and restoration in a single disbursement or in a series �f progress pay�nents as the wark is
<br />completed. Unless an agreement is made in writing or Applicable I.aw reyuires interest to he paid on such
<br />Miscellaneous Procceds, I.ender shall not be reqnired to pay Borrower any interest or earnings on such
<br />NTiscellaneous Praceecis. If the restoration or repair is not economically feasible or I.ender's security would
<br />be lessened, the Miscellaneous Praceeds shall be applied to the sums secured by this Secnrity Instxu�nent,
<br />whether or not then due, with the cxcess, if any, paid to Barrower. Such Miscellaneous Proc:eeds shall bc
<br />applied in the order provided For in Seciion 2.
<br />In the event of a total takix►g, destruction, or loss in value of the Property, the Miscellaneous
<br />Proceeds sha11 be applicd ta ttxe sums seeured by this Security Instnirnent, whether or not thea due, with
<br />the excess, if any, paid to Borrower.
<br />In the event of a partial taking, destruction, or loss in valuc of thc Property in which lhe fair market
<br />valne of the Pxoperly immedialely before the partial taking, destruction, or loss in value is eyual lo ur
<br />greater than the axnount of the sums secured by this Security lnstrument immediately befure �e partial
<br />taking, destruction, nr loss in value, unless Borrowcr and Lender otk�erwise agree in writing, the sums
<br />secured by this Security Tnstn�ment shall be reduced by the amount of the Miscellaneous Proceeds
<br />multiplied hy the following fraction: (a) the total amount of the sums secured immediately before the
<br />partial taking, destruction, or loss in value divided by (b) We fair market value of the Prvperty
<br />immediately before the partial taking, destruction, or loss in value. Any balance shall be paid tc� Borrower.
<br />In the event of a paRial ta�ing, destruct'ron, or loss in value of the Property in wh�ch the fair market
<br />value e�f We Property immediately before the partial taking, desiruclion, or loss in value is less than the
<br />amount of the sums secured immediately before the partial taking, destruction, or lass in value, unless
<br />Borrower and Lender o#herwise agree in writing, the Misc;ellaneaus Proceeds shall be applied to the sums
<br />secured by this Security Instrument whether or not the sums are Wen due.
<br />If the Property is abandoned by Borrower, or if, aftcr noticc by I.ender to Borrower that the
<br />Opposing Party (as defined in the next sentence) offers to make an award to settle a clairrt for damages,
<br />Borrower fails to respond to I.ender within 30 days after the date the notice is given, Leander is authorized
<br />to collect and apply the Misccllancous T'rocccds cither to restoration or zepair �l' the Property or to thc
<br />sums secured by this Security Instrument, whether or not then due. "Opposing Party" means thc third party
<br />that owes Borrower Miseellaneous Proceeds or the party against whom Barrawer has a right of acti�n in
<br />regard to Miscellaneous Proceeds.
<br />Horrower shall be in default if any action or proceeding, whether civil ar criminal, is begun thal, in
<br />Lcnder's jud�ment, could result in forfciture of the Property or other material impairment of Lender's
<br />interest in the Properly or rights under this Security Instrument. Borrower can cure such a ciefault and, if
<br />acceleration has occurred, reinstate as provided in Section 19, by causing the action ar proceed'urg to be
<br />NEBRASKA - 5ingle Family - Fannie MaelFreddie Msc UNIFORM INSTRUMENT WITH RS
<br />�-6AIN�1 �oa,o� Paae 9 of 75 Initiels: Forf17 3028 1/07
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<br />q032�0743477 0233 7�.'Y5
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