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2oi�oo�77
<br />As a result of these agreements, Lender, any purchaser of the Note, anoth.er insurer, any reinsurer,
<br />any other entity, or any affiliate of any of the foregoing, may receive (directly or indirectly) amoants that
<br />derive from (or might be characterized as) a portion of $orrawer's payments for Mortgage Insurance, in
<br />exchange for shariag ar modifying the mortgage insurer's risk, ar reducing Iosses. If such agreement
<br />provides that an affiliate of Lender takes a shaxe of the insurer's risk in exchange for a shaze of the
<br />premiwns paid to the insurer, the arrangemznt is often termed "captive reinsurance." Further:
<br />(a) Any such �greements will not �ffect the amounts that Borrower has agreed to pay for
<br />Mortgage Inaurance, or any other terms of the Loan. Snch agreements will not increase the amount
<br />Borrower will owe for Mortgage lnsurance, and the� will not entitle Borrower to any refund.
<br />(6) Any such agreements will not affect the nghts Borrower has - if any - with respect tu the
<br />Mortgage Insurance under the Homeowners Protectiou Act of 149$ or any other law. These rights
<br />may include the right to receive certain disclosurns, to request and obtain cancellation of the
<br />Martgage Insurance, to have the Mortgage �nsurance terminated automatically, and/or to receive a
<br />refund of any Mortgage Insurance premiums that were unearned at the time of such cancellation or
<br />termination.
<br />11. Assigement of 1Vliscellaneous Proceeds; Forfeitare. All Miscellaneous Proceeds are hereby
<br />assigned to and shall 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 restoration or repair is econornically feasible and Lender's se�urity is nat lessened.
<br />During such reparr and restoration period, Lender sha11 have the right to hold such Miscellaneous Froceeds
<br />untrl Lender has had an �pportunity to inspect such Property to ensuxe the work has been comple�ted to
<br />Lender' s satisfaction, provided that such inspection shall be undertaken promptly. Lender may pay fpr the
<br />repairs and restoration in a single disbursetnent ar in a series of progtess payments as the work is
<br />completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such
<br />Miscellaneaus Proceeds, Lender shall not be re�uir�i to pay Borrawer any interest or earniugs on such
<br />Miscellaneous Proceeds. Ifthe re�toration or repair is not econntnically feasible or Lender's security would
<br />be lessened, the Miscellaneous Procee�ds shall be applied to the sums secured by this Security Instrument,
<br />whether or not tlten due, with the excess, if any, pard to Sorrower. 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, #he Miscellaneous
<br />Proceeds shall be applied to the sums s�ured by this Securiry Instnxment, whether or not then due, with
<br />the excess, if any, paid to Borrowez.
<br />ln the event of a partial taking, destructiun, or loss in value of the Praperty 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 sums secured by this Security Instrument immediately before the partial
<br />taking, destruction, or loss in value, unless Sorrower and Lender' otherwise agree in writing, the s�'mc
<br />secured by this Security Inslniment shall be xeduced by the amount of the Miscellaneous Proceeds
<br />multiplied by 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) the fair market value of the Properiy
<br />immediately 6efore the partial taking, de.struction, or loss in valwe. Any balance shall be paid to Borrower.
<br />In the event of a partial taking, destruction, or loss in value of the Property in wh�ch the fair market
<br />value of the �'roperty immediately before the partial taking, destruction, or lass 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 shall be applied to the sums
<br />secured by this Secux'ity Instrument whether or not tha surns are then due.
<br />if the Properiy is abandoned by Borrower, or if, after notice by Lender to Borrower that the
<br />Opposing Party (as defined in the next sentence) pffers to make an award to settle a claim for damages,
<br />Horrower fails ta respond to Lender within 30 days after the date the notice is given, Lender is suthorized
<br />to collect and apply the Miscellaneous Proceeds either to restoration or repair of th.e Property or to the
<br />sums secured by this Se+�urity Xnstrument, whether or not then due. "Opposing Party" means the third party
<br />that awes Borrower Miscellaneous Proceetis or the party against whom Borrower has a right of action in
<br />regard to Miscellanaous Proceeds.
<br />Borrower shall be in default rf any action or pracee�iing, �rhether civil ar criminal, is begun that, in
<br />Lez►der's judgment, could result in forfeiture of the Property or other material impairmet�t of Lender's
<br />►nterast in the Property or rights under this 5ecurity Instrurnent. Borrower can cuare such a default and, rf
<br />acceleration has occurred, reinstate as provided in Section 19, by causing the action or proceeding to be
<br />2200b91456 D V6ANE
<br />N�BRASKA - 5ingls Family - Fannie Mae/Freddle MaC UNIFORM INSTRUMENT WRH MER r
<br />�-8A(N� �oa�oi PeOe 9 of 15 Initials_ FpRn 3U28 1/D1
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