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<br />As a result of Chese agreements, L,ender, any purchaser of the Note, another insurer, any reinsurer,
<br />any other entity, or any affiliate of any of the foregoing, rnay receive (directly or indir�ccly) amounts that
<br />derive from (or might be characterized as) a portion of Borrower's payments for Martgage Insurance, in
<br />exchange for sharing ar modifying thc mortgage insurer's risk, or reducing losses. If such agreeme.nt
<br />provides that an affiliate of I,ender kakes a share of the insurer's risk in exchange for a share of thc
<br />premiums paid to the insurer, the arrangement is often termed "captive r�insurance." T'urthcr:
<br />(a) Any such a�reements will not affect the amounts that B�rro�ver has agreed to pay for
<br />Mortgage Ynsr�rance, or any other t�rms of the Loan. Such agreements will not increase the am�unt
<br />Borrower will owe for Mortgage Insurance, and they will not entitle Borrower to any refund.
<br />(b) Any such agreements will not affect the rights Borrawer has - if $ny - with respect to the
<br />Mortgage Insurance under the Homeawr�ers Protection A�t of 1998 or any other law. Thetie rights
<br />may include the right to receive certxin disclosures, to request and obtain cancellation of the
<br />Mortgag� Insuranc�, to have the Mortgage Insurance terminated automatically, and/or to receive a
<br />refnnd of any Martgage Ins�rance premiums that were unearned at the time of snch cancellation or
<br />termination.
<br />11. Assignment of Miscellaneons Proce�dS; Forfeiture. All Miscellaneous Proceeds arc; hereby
<br />assigned to and shall be paid to Lender.
<br />Tf tk�e Property is damaged, such Miscellaneous Pr�ceeds shall be ap�lied to restoration or repair �f
<br />the Yroperty, if the restoration or repair is economically feasible and L.ender's security is not lessened.
<br />During such repair and restoration period, Lc;nder shall have the right to hold such Miscellaneous Procceds
<br />until Lender has had an opportunity t�> inspect such Property to ensure the work has been completed to
<br />L.ender's satisfaction, provided thal such inspection shall be undertaken promptly. L.encier may pay for the
<br />repairs and restoration in a single disbursemcnt or in a series of progress payments as the work is
<br />completed. Unless an agreement is inade in writing or Applicabl� I.aw requires interest to be paid on such
<br />Miscellaneous Proceeds, Lender shall not be required ta pay Borrc�wer any interest or earnings on such
<br />Miscellaneous PrUr.eeds. If the resturatic�n or repair is not economically feasible �r Lcndcr's security would
<br />be lessened, the Miscellaneous Proceeds shall be applied to the sums secured by khis Security Instrument,
<br />whether or not then due, with the excess, if any, paid to Bc�rrower. Such Miscellaneous Proceeds shall bc
<br />applied in [he order provided for in Section 2.
<br />Tn the event of a total taking, destruction, or loss in valixe of the Property, the Miscellaner�us
<br />Prc�cceds shall be applied to the sums secured by this Security InsCrument, whether or not then due, with
<br />the excess, if any, paid to Borrower.
<br />In the event af a partial taking, destruction, or loss in value of the Prap�rty in which the fair market
<br />value of the Yroperty immediately before the partial taking, destruction, or loss in valu� is equal to or
<br />grcaler than the amount of the sums secured by tlxis Security Instrument immediately befare the partial
<br />taking, destructipn, ar loss in value, unless 13orrower and Lender otlicrwise agree in writing, the sums
<br />secured by this Security Instrument shall be reduced by the amount of the Miscellaneous Proceeds
<br />multiplied by the following fraction: (a) thc; tc�lal amount ot' the sums secured immediately before the
<br />partial taking, destruction, or loss in valu� divided by (b) the fair market value of the Property
<br />imniediately before the partial talcing, dr.struction, or loss in value. Any balanc� shall bc paid to Borrower.
<br />In the ev�nt Uf a partial taking, destruction, or loss in valu� of the Property in which the fair rnarkcl
<br />value of the Property immediately before the partial taking, destruction, or loss in valu� is less than the
<br />amount of lhe sums secured immediately before the partial taking, destruction, or loss in valu�, uriless
<br />Borrower and L,ender otherwise agree in wriling, the Miscellaneous Proceeds shall be applicd to the sums
<br />sccured by this Security Instrument whether or not th�. sums are then due.
<br />If the Property is abandoned by Borrower, ar if, after notice by Lender to BorrowGr that the
<br />Oppc�sing Party (as defined in the next sentence) affers lc� make an award to settle a claim for damages,
<br />13orrower fails to respond to Lendc:r wilhin 30 days after the date the notice is given, T.ender is authorizc;d
<br />to collect and apply the Miscellane�yus Proceeds either to restoratipn or repair of the 1'roperty or to lhe
<br />sums sGCUred by this Sccurity Instrument, whether or npl then due. "Opposing Party" means ihc third party
<br />that c�wes Bc�rrower Miscellaneous Proceeds or the party against whom Borrower has a ri�ht of action in
<br />regard ta Miscellaneous Proceeds.
<br />Borrower shall be in default if any action or proceeding, whethcr civil or criminal, is begun that, in
<br />I.ender'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 Instrumcnt. Borrower can cure such a default and, if
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFOFtM INSTRUMENT
<br />�-6�NE) loai i 1 Page 9 of 16 in�c�ais: �� Farm 3028 1/01
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