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<br />again becomes available, is obtlined, and Lender requires scparately dcsignated payments toward the premiums for Mortgage
<br />Insurance. If Lender required Mortgagc Insurancc as a condition of makin� the L.oan and Borrower was rcquircd to make
<br />scparately designated payments toward the premiums for Mortgage [nsurance, fiorrowcr shall pay thc premiums required to
<br />maintain Mortgage Insurance in etFect, or to provide a non-rcfundable loss reserve, until I,ender's requirement for Mortgagc
<br />lnsurance cnds in accordance with any written agreement 6etween Borrower and Lcndcr providing for such termination or until
<br />termination is reyuired by Applicable Law. Nothing in this Section 10 affects Borrower's obligation to pay interest at the rate
<br />provided in the Npte.
<br />Mortgagc lnsurancc rcimburses Lender (or any entity that purchases fhe Note) for certain losses it may incur if
<br />Borrower does not repay the Loan as agreed. Borrower is not a party to the Mortgage Insurance.
<br />Mortgage insurers evaluatc their total risk on all such insurance in force from time to timc, and may enter into
<br />a�;recments with ather parties that share or modify their risk, or reduce losscs. These agreements are on terms and conditions
<br />that are satisfactory to the mortgagc insurcr and the other party (or parties) to these agreements. These agrcements may require
<br />the mortgage insurer to make payments using any source of funds that the mortgage insurer may have available (which may
<br />include funds obtained from Mortgagc lnsurance premiums),
<br />As a result of these agreements, Lender, any purchascr of thc Note, another insurer, any reinsurer, any othcr entity, or
<br />any af�liate oCany of the foregoing, may receive (directly or indirectly) amounts that dcrive from (or might be characcerized
<br />as) a portion of Borrower's payments for Morigage lnsurance, in exchange for sharing or modifying the mortgage insurer's risk,
<br />or r�ducing losses. If such agreement provides that an affiliatc of Lcnder 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 "captiv� reinsurancc." Further:
<br />(a) Any such agreements will not affect the amounts that Borrower has agreed ta pay for Mortgage Insurance,
<br />or any othcr terms of the Loan. Such agreements will nok increase the amount Borruwer will owc for Mortgage
<br />lnsurance, and they will not entitle Borrower to any 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 Prptection Act of 1998 or any other law. These rights may include the right to receive
<br />certain disclosures, to request and obtain cancellatiun of thc Mortgage Insurance, to have the Mortgage insurance
<br />terminated sutomatically, and/or to receive a refund of any Mortgage Insurance premiums that were unearned at the
<br />time of such cancellation or termination.
<br />11. Assignment of Miscellaneous Proceeds; Forfeitur�. All Miscellaneous Proceeds are hercby assigned tn and
<br />shall be paid to Lender.
<br />lf the Property is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of the Propeirty, if'the
<br />restoration or repair is economically feasible and Lender's security is not l�ssened. During such repair and restoration period,
<br />Lender shall have thc right to hold such Miscellaneous Proceeds until Lender has had an opportunity to inspect such Property
<br />to ensure the work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly.
<br />Lender may pay for the rcpairs and restoration in a single disburscmcnt or in a series of progress payments as the work is
<br />completed. Unless an agreement is madc in writing or Applicable Law requires interest to be paid on such Miscellaneous
<br />Proceeds, Lender shall nok be required to pay Borrower any interest or earnings on such Miscellaneous Proceeds. If the
<br />restoration or repair is not economically fcasible or Lender's security would be lessened, the Miscellaneous Proceeds shall be
<br />applied to thc sums secured by this Security Instrument, whcther or not then due, with the exccss, if any, paid to Borrower.
<br />Such Miscellaneous Procccds shall be applied in the order providcd for in Section 2.
<br />ln the event of a total taking, deslruction, or loss in value of the Property, the Misccllancous Proceeds shall be applicd
<br />to the sums securcd by this Security Instrument, whether or not thcn due, with the excess, if any, paid to E3orrower.
<br />In the event of a partial t�king, dcstruction, or loss in value of thc Property in which the fair m�rkei valuc of thc
<br />Property immediately beforc the partial taking, destruction, or loss in valuc is equal tp pr �reater th �lll II1C AIT10UI1T Ot tI]P. SLltl15
<br />secured by this Security Instrument immediately beforc thc partial taking, destruction, or loss in valuc, unless Borrower and
<br />Lender otherwise agrce in writing, thc sums secured by ihis Security lnstrument shall be reduced by the amount pf the
<br />Miscellaneous Procecds multiplied by the.following fraction: (a) the total amount of the sums secured immediately before the
<br />partial takin�, destruction, or loss in valuc divided by (b) the fair market valuc of the Property immediately beforc the partial
<br />taking, destruction, or loss in value. Any 6alance shall be paid to Borrower.
<br />ln the event of a partial taking, destruction, or loss in value of the Property in which the fair market value of the
<br />Property immediately before thc partial taking, destruction, or loss in value is less than the amount of thc sums secured
<br />NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIF'UIZM INSTRUMENT
<br />�.:� 33R2 Pagc 7 of 12 F'orm 3112N UD1
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