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<br />As a result of these agreements, Lender, any purchaser of the Note, another insuxer, any reinsurer,
<br />any other entity, or any af�liate of any of the foregoing, may receive (directly or indirectly) amounts that
<br />derive from (or might be characterized as) a portion of Borrower's payments for Mortgage Insurance, in
<br />exchange for sharing ar modifying the mortgage insurer's risk, or reducing losses. If such agreement
<br />provides that an af�liate of Lender takes a share of the insurer's risk in exchange for a shaze of the
<br />premiums paid to the insurer, the arrangernent is ofcen termed "captive reinsurance." Further:
<br />(a) Any such agreements will not affect the amounts that Barrorver has agreed to pay for
<br />Mortgage Insurance, or any other terms af the Loan. Such agreements will not increase the amount
<br />Borrower will owe fac Mortgage Insurance, and the� will not entitle Borrower to any refund.
<br />(b) Any such agreements will not affect the nghts Barrower has - if any - with respect to the
<br />Morrtgage Insurance under the Homeowners Protection Act of 1998 or any other law. These rights
<br />may include the right to re�eive certain disclosures, to request and obtain cancellation of the
<br />Mortgage Insurance, to have the Mortgage Insurance terminated autoamatically, and/or to receive a
<br />refund of any Mortgage Insurance premiums that were unearned at the time of sach cancellation or
<br />termination.
<br />11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proc�s are hereby
<br />assigned to and shall be paid to Lender.
<br />If the Property is danr►aged, such Miscellaneous Proceeds shall be appli�d to restoration or repair of
<br />the Froperty, if the restoration or repair is economically feasible and Lender's security is nat lessened.
<br />During such repair and restoration period, Lender shall have the right to hold such Miscellaneotts Proceeds
<br />until Lender has had an opportunity to inspect such Property to ensure the work has been completed to
<br />Lender's satisfaction, provided that such inspection shall be undertaken promptly. L,end�r may pay far the
<br />repairs and restoration in a single disbursement or in a series of progress payments as the work is
<br />completed. Unless an agreement is nr�ade in writing or Applicable Law requires interest to be paid on such
<br />Miscellan�us Procceds, Lender shall not be required to pay Borrower any interest or earnings on such
<br />Miscellaneous Proc�eds. Tf the restoratian ar repair is not economically feasible or Lender's security would
<br />be lessened, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument,
<br />whether oc not then due, with the excess, if any, paid to Borrower. Such Miscellaneous ProcEeds shall be
<br />applied in the order provided far in Section 2.
<br />In the event of a total taking, destruction, or loss in value of the Property, the Miscellaneaus
<br />Procceds shall be applied to the sums secured by this Security Insttlux►ent, whether or not then due, with
<br />the excess, if any, paid to Barrower.
<br />In rhe event of a partial talcing, destruction, or loss in value of the Property 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 Instrurnent immediately befare the partial
<br />taking, destruction, or loss in value, unless Bonower and Lender atherwise agree in writing, the stttns
<br />secured by this Security Instrument shall be reduced by the amount of the Miscellaneaus Prooe�ds
<br />multiplie� by the following fraction: (a) the total amount of the surns secured ixnmediately before Che
<br />partial taking, destruction, or lass in value divided by (b) the fair rnarket value of the Propexty
<br />immediately before the partial taking, destruction, or loss in value. Any balance shall be�aid to Borrow�es'.
<br />Tn the event af a partial taking, destruction, or loss in value of the Property in which the fau war3�et
<br />value of the Property immediately before the partial taking, destruction, ar loss in value is l�ss tdt� t�e
<br />amount of the suttis secured immediately before the partial taking, destruction, or lass in value, �nliess
<br />Borrower and I.ender otherwise agree in writing, the Miscellaneous Procceds si�all be applied to ti�e sums
<br />secured by this Security Instrument whether or not the sums are then due.
<br />If the Property is abandoned by Borrower, or if, after notice by I.ender to Borrower that the
<br />Opposing Party (as defined in the next sentence) offers to make an award to settle a claim for damages,
<br />Borrower fails to respond to L.ender within 3� days after the date the notice is given, Lender is authorized
<br />to collect and apply the Miscellaneous Paroceeds either to restoration or repair af the Property or to the
<br />sums secured by this Security Instnunent, whether or not then due. "Opposing Party" means the third party
<br />that owes Borrower Miscellaneous Praceeds ar the party against whom Borrower has a right of action in
<br />regard to Miscellaneous Proceeds.
<br />Barrower shall be in default if any action or procceding, whether civil or criminal, is begun that, in
<br />Lender's judgment, could result in forfeiture of the Property or other rnatexial innpairment of L,ender's
<br />interest in the Property or rights under this Security Instrument. Borrower can cure such a default and, if
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<br />NEBRASKA - Single Family - Fannie Mae/Fraddie Mac UNIFORM INSTRUMENT
<br />�-61NE) �osi i� Pa9e s o+ is i�n�ais: Form 3028 1/01
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