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<br />As a result of these agreements, Lender, any purchaser of the Note, another in�urer, atay reinsurcr,
<br />any ntk�cr entiiy, or any affiliate of any of ihe 1'oregoing, may receive (directly or indirectly) ainounts lhat
<br />derive fram (or ini�ht he charactetized as) a portion of $orrower's payrnents for Mnrtgage Insiirance, in
<br />exchange for sharing or inodifying thc mortgage insurer'ti ritik, ot reducing lu�seti. IF such agrcernent
<br />provides that an afliliate of Lendcr takes a tihare ��f tkie inst�rer's tisk in exchange For a share of the
<br />preuiiuins paid to the insurer, the arrangernent is often ternried "captive reinsutance." Fur�.her:
<br />(a) Any tiuch a�reements will not aft'ect the amounts that Borrower has agreed ta pay 2or
<br />Mortgage Insuranee, or any other terms nf the Lnan. Such abreements will not increatie the amount
<br />BorroWCr Will uwe fnr Mort�age Insur:�nce, and they will not entitle Sorrowcr to any retund.
<br />(b) Any such a�;reementy will not affect the rights Sorrower has - if any - with respect to the
<br />Mortgagc Insuranee undcr the Homeowners Prntection Act of 1998 or any other law. These ribhts
<br />may include the right to receive certain disclusures, tu reyuest and obtain cancellati�►n of the
<br />Mortgagc Insuranee, to haVe the Mort�r�e Insurance terminated automatically, and/or to receive a
<br />refund of any Mortga�e �nsurance premiums that wcre unearned �t the time of such cancellation or
<br />termination.
<br />11. Assignmcnt of Miscellancous Procccds; Forfeiture. All Mi�ccllancous Procceds are hereby
<br />assigned to and shull be paid to Lender.
<br />Tf the Property is damaged, tiuch Miscellan�c�us Ptoceeds shull be applied to restoration or repair oF
<br />the Prapetty, if lhe testotaiion ot reparr is economically fcasible and Lender's security is not Icsscned.
<br />Driring such tepuit and test.otution period, Lender sha11 have thc right to hpld tiuch Miscellancous Prncecds
<br />until Lender has had an opp�rtunity to in�pect such Properiy io ensure the work has been compleled to
<br />Lender's satisfaction, provided that such inspection shall he undertaken proinptly. Lendet may pay fi�r the
<br />repairs and restoration in a singlc ditiburticrncnt or in a tierien oP proeress payment5 as ihe wotk is
<br />completed. iJnless ata agreement is made in wtit.ing or Applicable Law requires intcrest to be paid on such
<br />Miscellanenus Praceeds, Lendet tihall not be required to pay Borrower any interc�t or earnings on such
<br />Mi�cellaneous Proceeds. II� the restoration or repair is not ecnr�ocnically Fea�ible or Lender's security would
<br />he lessened, the Miscellaneous Proceeds shall be applie�l to the sums �ecured by I.his Securiiy Instrutnent,
<br />whethcr or not then due, with the excesa, if any, puid to Borrower_ Such Miscellancous Proceeds shall be
<br />appli�d in the arder rmvi�led fnr in Seciic�n 2.
<br />In the event of a total taking, desttuctiun, or loss in value of the 1'rnperty, the Miscellaneous
<br />Procecds tihall he appliecl to the ti�tm� �ecured hy this Security lnstnuncnt, whcth�r or not then due, with
<br />t�ie excess, if any, paici tu Bortower.
<br />In the event nf a partial taking, aeatnXction, or loss in value of the Property in which the iair inarkei
<br />value af the Ptoperty irrimediately beiore the pariial taking, de�tn�etion, or l��ss in valuc is equal to or
<br />�reater tt►an the amnunt of the �ums secured by this Security Instnarnent irnmediately befi�re thc partial
<br />taking, destruction, ot loss in value, unless Tiorrower and Lender otherwise agtee in writing, the sutns
<br />secured by this 5ecurity Instrument shall bc reduced hy tlae amounl of 1.he Miscellaneou� Proceeds
<br />multiplicd hy the foLlowin� fraction: (a ) the total amount of the sums �ecured immcdiately before the
<br />partial taking, de�truction, nr las� in value divided by (b) the fair market valuc of thc Property
<br />immediatcly b�fore tkac partial taking, desttuctinn, or loss in value. Any balance shall be paid to T3orrower.
<br />In the event of a partial taking, detitruction, or la�s in value of the Property in which the fair matket
<br />val.ue of the Propetty irnmeciiately befote the partial taking, destnictiota, �r loss in valuc is lcss than the
<br />amount of lhe sumti secured inunediately before thc partial taking, destntctinn, ot lnss in value, unlctiti
<br />$orrower and Lcr�der nthcrwisc agrec in writing, the Miscellaneous Proceeds shall be applied lo lhe sunis
<br />secured by this Security Intitnxment whether or not lhe sulns are then due_
<br />If thc Property is abandoned hy Borrower, or if, aftet notice by Lender to Borrower thal the
<br />Uppotiing Party (a� acfined in the .next sentence) offers to make an award to scttle a claim for damages,
<br />Bortower fails to respond to Lender within 30 days aftcr the date the notice ia given, Lender is authorized
<br />lo collect and apply the Miscellancous Procc�dti either tn resiotation or repair o£ the Property or 1.o ihe
<br />sutna sectuect by this Security Instr�unent, whether or not then due_ "(7pposing Party" means the t1�i:rd party
<br />that owe� Borrower Miscelluneous Proceeds or thc party a�ainst wh��m Botrower has a tighi uf action in
<br />regard to Miscellaneous Ptoceed:�.
<br />Sartower shull be in defauli il' any action or proceeding, whether civil ar ctiminal, i� begun that, in
<br />Lender's judgment, could re5ult in forfeiture of the Property nr otk�er material impairment of Lctxder's
<br />interest in the Property or rightti undear this Security In�l.rument. $orrower can cure such a default and, if
<br />NEBRASKA- Single Family - FannieMae/Freddie Mac UNI�ORM INSTRUMENT
<br />�-B(NE� (0811) Page 9 qf 15 in�tieis: l� � Form 3028 1/D1
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