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<br />required to pay $orrvwer any interest or earnings on such loss reserve. Lender can no lon�;er require loss reserve paymcnts if
<br />Mortgage Insurance coverage (in the amount and for the period that Lender reyuires) provided by an insurcr selected by I.ender
<br />again becomes availablc, is obtaincd, and Lender requires separately designated payments toward the premiums fpr Mortgage
<br />Insurance. If Lender required Mort�age lnsurancc as a condition of making the Loan and Borrowcr was required to roake
<br />scparately designated payments toward the premiums for Mort�;age Insurance, F3orrower shall pay thc premiums required to
<br />maintain Mortgage lnsurance in cffcct, or to provide a non-refundable loss reserve, until Lender's requirement for Mortgage
<br />Insurance ends in accordance with any writtcn agrcemcnt bctwcen Borrowcr and Lender providing for such tcrmination or until
<br />tennination is rcquircd by Applicable Law. Nothing in this Section ] 0 affects Borrower's obligation to pay interest at the rate
<br />provided in the Notc.
<br />Mortgage Insurance reimburses Lender (or any entity that purchases thc Note) for certain losses it may incur if
<br />Borrower docs not rcpay thc Loan as agreed. Borrnwer is not a party to the Mortgage insurance.
<br />Mort�age insurers evaluate their total risk on all such insurancc in forcc from timc to timc, and may cntcr into
<br />agrccmcnts with other parties that share or modify their risk, or reduce losses. These agreements are on terms and conditions
<br />that are satisfactory to thc mortgagc insurer and the other party (or parties) to these agreements. These agreements may require
<br />the mortgage insurer to make payments using any source of funds that thc mortgagc insurcr may havc availablc (which may
<br />include funds obtained from Mortgage Insurance premiums).
<br />As a result i�f these agreements, Lender, any purchascr of thc Notc, anothcr insurcr, any reinsurcr, any othcr entity, or
<br />any affiliate of any of the foregoing, may receive (directly or indirectly) amounts that derivc from (or might be characterized
<br />as) a portion of Borrower's paymenl5 for Mortgagc Insurancc, in cxchange for sharing or modifying the mortgage insurcr's risk,
<br />or rcducing losses. If such agreement provides that an affiliate of Lender takes a sharc of thc insurcr's risk in exchange for a
<br />share of the premiums paid to thc insurer, the arran�ement is often termed "captive reinsurance." Further:
<br />(u) Any such ugreements will not affect the amounts that Borrower has agreed to pay for Mortgage insurance,
<br />or any other terms of the Loan. Sueh agreements will not increase the amount Sprrower will pwe for Mortgage
<br />lnsurancc, und they will not entitle Borrower to any refund.
<br />(b) Any such agreements will not affect the rights Borrower has - if any - with respect tp the Mprtgage
<br />Insurance under the Homeowners Protection Act of 1998 or any other law. These rights may include the right to receive
<br />certain disclosures, to request and obtain cancellation of the Martga�e Insurance, to have the Mort�age Insurance
<br />terminated automatically, and/or to receive a refund of any Mortgage lnsurance premiums that were anearned at the
<br />time of such cancellation or termination.
<br />11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby ass'rgnerl to and
<br />shall be paid to I,ender.
<br />If thc Property is damaged, such Miscellaneous Proceeas shall be applied to restoration or rcpair of the Property, if the
<br />restnration or repair is cconomically fcasible and Lender's security is not lessened. During such repair and restoration period,
<br />Lcnder shall have the right to hold such Miscellaneous Procccds until Lcndcr has had an opportunity to inspcct such Property
<br />to ensure the work has bcen completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly.
<br />Lcndcr may pay f'or the repairs and restoration in a single disburscmcnt or in a scries of progress paymcnts as thc work is
<br />completed. Unless an a�rccmcnt is made in writin�; or Applicable Law requires interest to be paid on such Miscellaneaus
<br />Procccds, Lender shall not be required to pay $nrrower any intcrest or earnings on such Misccllancous Procccds. If the
<br />restoration or repair is not economically feasible or Lender's security would be lessencd, the Misccllancous Procccds shall be
<br />applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Bprrpwer.
<br />Such Miscellaneous Froceeds shall be applied in the order providcd for in Scction 2.
<br />In the evcnt of a total taking, destruction, or loss in value of the Property, the Miscellaneous Proceeds shall be applied
<br />to the sums secured by this Security instrua»ent, whcthcr or not thcn duc, with thc excess, if any, paid to Borrower.
<br />In thc cvcnt of a partial taking, destruction, or loss in value oF the Property in which the fair markct value of the
<br />Property immediately before the partial taking, dcstruction, or loss in value is equa] to or greater than the amount of the sums
<br />securcd by this Security instrument immediately before the partial taking, destruction, or loss in value, unlcss Borrowcr and
<br />Lender otherwise agree in writing, the sums secured by this Security instrument shall be reduced by the amount of the
<br />Miscellaneous Proceeds multiplied by the following fraction: (a) the total amount pf the sums secured immediately before the
<br />partia] taking, destruction, or loss in value divided by (b) the fair markct valuc of thc Property immediately bcforc thc partial
<br />takin�, dcstruction, or loss in value. Any balance shall be paid to Borrower.
<br />NEBRA9KA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />� 338.2 Pagc 7 of 13 Form 30281/01
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