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2oiioo3�y
<br />1111056962
<br />a�ain becames available, is obtained, and Lender requires separately designated payments toward the premiums for Mortgage
<br />Insurance. If Lend�r rcquired Mort�age Tnsurance as a condition oF inaking the Loan and Borrower was required to make
<br />separately dcsignated payments toward the premiums for Mortgage lnsurancc, F3orrow�r shall pay th� premiums rcquircd to
<br />maincain Mortgage Insurance in effect, or to provide a non-refundable loss reserve, until Lender's requirement for Mortgage
<br />lnsurance ends in accordance with any written agrecment betw�en Borrower and Lendcr providing for such tcrmination or until
<br />cermination is required by Applicable Law. Nothing in this Section 10 aFfects Borrower's obligation co pay int�rest at th� ratc
<br />providcd in the Notc.
<br />Mortgage Insurance reimburses Lender (or any ancity that purchases the Note) for certain losses it may incur if
<br />Borrowcr doCS not repay the Loan as agreed. Borrow�r is not a party to the Mortgage lnsurancc.
<br />Morigage insurers evaluate iheir total risk on all such insurance in force from time to timc, and may enter into
<br />agreements with other partics that share or modify their risk, or reduce losses, These agreements are on terms and conditions
<br />that are satisfactory to the mortgage insurer and the other pariy (or parties) to ihese agreements. `fheye agreements may require
<br />the mortgage insurer to makc payments using any source of funds that the mortgage insurer may have available (which may
<br />include funds obtained frpm Mortgage Insurance premiums).
<br />As a result of these agreements, Lender, any purchaser of the Note, anothcr insurer, any reinsurer, any other entity, or
<br />any affiliate of any of the foregoing may receive (directly or indirectly) amounts that derive from (or might be characierized
<br />as) a portion of Borrowcr's payments for Mortgage insurance, in exchange for sharing ar modifying the mort�age insurer's risk,
<br />or reducing losses, Tf such agreement provides that an affiliate of Lender takes a share oF the insurer's risk in exchange for a
<br />share of the 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 MortgAgc Insurancc,
<br />or any other terms of the Loan. Such agreements will not increase the amount Borrower will owe far Mortguge
<br />lnsurance, and they will not entitle Borrower to uny refund.
<br />(b) Any such agreements will not affect the rights Borrower has - if any - with respect to the Mortgage
<br />Insurance under the Homeowners Protection Aet of 1998 or any other law. These rights may include the right to receive
<br />certain disclosures, to request and obtain cancellation of the Mortgage Insurance, to have the Mortgage Insurancc
<br />terminated automatically, and/or to receive a refund of any Mortgage Insurance premiums that were unearned at the
<br />time oF such canccllation or tcrmination.
<br />I 1. Assignment of Miscellaneous Proceeds; Forfeiture, All Miscellaneous Proceeds are hereby assigned to and
<br />shall be paid to Lender.
<br />If the Property is damaged, such Misecllancous Proceeds shall be applied to restoration or repair of ihe Property, if the
<br />restoration or repair is economically feasible and I,ender's security is not lessen�d. buring such repair and restoratian period,
<br />I,ender shall have the right to hold such Miscellaneous Proceeds until Lender has had an opportunity to inspect such Property
<br />to ensure the work has been completed ta Lender's satisfaction, provided that such inspection shall be undertaken promptly,
<br />I,ender may pay for the repairs and restoration in a singlc disbursement or in a series of progress payments as the work is
<br />completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such Miscellaneous
<br />Proceeds, Lender shall not be required to pay I3orrower any interest or earnings on such Miscellaneous Procec;ds. If thc
<br />restoration or repair is not economically feasible or I�ender's security would b� l�ssen�d, th� Misccllaneous Proceeds shall be
<br />applied to the sums secured by this Security lnstrument, whether or not then due, with the excess, if any, paid to Borrower.
<br />Such Miscellaneous Proceeds shall be 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 Proceeds shall be applicd
<br />to the sums secured by this Security Instrument, whether or not then due, with the cxcess, 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 markei value of thc
<br />Property immediately before the partial taking, destructipn, or loss in value is equal to or grcatcr than thc amount of the sums
<br />secured by this Security Instrument immediately before the partial taking, destruction, or loss in value, unless �orrower and
<br />Lendcr otherwise agree in writing, the sums secured by this Security Tnstrument shall be reduccd by thc amount of' the
<br />Miscellaneous Proceeds multiplied by th� followin� fraction: (a) the total amaunt of the sums secured immediately b�fore thc
<br />partial taking, destruction, or loss in value divided by (b) the fair market value of thc Property inuncdiatcly before the partial
<br />taking, destruction, or loss in value. Any balancc shall be paid to Borrower.
<br />ln the evcnt of' a partial taking, destructipn, pr loss in value of the Property in which the fair market value of the
<br />Property immediately before the partial taking, destruction, or loss in value is less than the amount of the sums secured
<br />NEBRASKA--Single Family--Fanniu Mnc/Freddic Mac UNIFORM INSTRUMENT
<br />� 338.2 Pagc 7 of 12 I'orm .102R 1/01
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