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201102268
<br />As a result of these ag�reements, I,ender, any purchaser of the Note, ar
<br />any other enrity, or any affiliate of any of the foregoing, may receive (d"u'ect]
<br />derive from (or might be characterized as) a portion of Bonower's payment;
<br />exchange for sharing or modifying khe mortgag� insurer's risk, or reducir.
<br />provides that an affil.iate af Lender takes a share of the insurer's risk in
<br />premiums paid to �the insurer, the azrangement is often term�d "captive rein�wr
<br />(a) Any such agreements vrill not at�ect tbe amowits that Bor�io�
<br />Mvrtgage Insurance, or any other terms of the Losn. Such agrEements v�
<br />Borrnwer will owe for Mortgage Insu�rance, and El�� will not entide Borrc
<br />@) AnY such agreemeats will not atfect the nghts Borivwer has -
<br />Mortgage Insarance under the Aomeowners Protectioa Act of I998 or �
<br />may indude the right to receive oertain disclosares, to request and
<br />Mortgage Iasurance, to have the Mortgage Insarance tc±rminated anWmi
<br />refund of any Mortgage Insurance premiwns that were unearned at the i
<br />termination.
<br />11. Assignment of 1blisoellaneous Proceeds; Forfeatur�. All Miscell
<br />assigned to and shall be paid to Lender.
<br />If the Property is damaged, such Miscellaneaus Proceeds shatl be appli
<br />the Property, if the restoration or cepair is economically feasible and Lend
<br />During sach repair and restoration period, Lender shall have the right to hold
<br />until Lender has had an oppartunity ta inspect such Property W ensure the
<br />Lender's satisfadion, provided tha# such inspection shall be undertaken prom
<br />repairs and restoratioz� in a single disbursement or in a series of progre
<br />oompleted. Unless an agrcement is made in writing or Applicable Law requir
<br />Miscellaneous Proceeds, Lender s�iail not be required to pay Borrower any
<br />MisceIlaneous Proceeds. If the restoration or repair is not evonomicaliy feasib
<br />be lesseneti, ths Miscellaneaus Prooeecis shall be applied to the sams securec
<br />whether or not then due, with the excess, if any, paid to Borrower. Such Mi
<br />applied in the order provided for in Sedion 2.
<br />In the event of a total talaag, destruction, or loss in value of the
<br />Pror�eeds shall be appiied to the sums secured by this Security Instrument, v�
<br />the excess if an aid to Borrower
<br />�ther insurer, any reinsurer,
<br />or indirectly) amounts that
<br />for Mortgage Insurance, in
<br />; losses. If such agrcement
<br />Kchange for a share of the
<br />OCE;" �'liitllet:
<br />er has agreed to pay for
<br />ll not inerease the amoaat
<br />ver to any rn.fund
<br />' a�y - with teaspect to the
<br />iy other 1aw. These rights
<br />�btain caacellation of t6e
<br />ically, and/or to reoeive a
<br />me of sucb c�ncellation or
<br />Proceeds ara hereby
<br />d to restoration or repair of
<br />r's secutity is not lessened.
<br />;uch Miscellaneous Proceeds
<br />�rk has bcen �mplet� to
<br />�t1y. Lender maY FaY far the
<br />s payments as the work is
<br />s interest to be paid on such
<br />interest or earnings on such
<br />� or L.ender's security would
<br />by this Security Instrument,
<br />c�llaneous Procxeds sha�ll be
<br />y, che Miscellaneoas
<br />or not then due, with
<br />In the event�ef a paztial taking, desh�uction, or loss in value of the P o rly in which the fair market
<br />value of tl�e Property, imme�liately before the paztial taking, �des;ruduon,�o loss in value is equal to or
<br />greater than the amount of the sums secured by this Searrity instrument, ' ediately before the partial
<br />taking, desh�uction, or loss zn value, unless Borrower anci i.ender otherwi agree in writing, the sums
<br />�ecured by this S�ecurity Instrument shall be reduceci by the amount of the Miscellaneous 1'roceeds
<br />multiplied by the fallawing frac6ion: (a) the total amount of #he sums ed immediately befora the
<br />partial taking, destruction, or loss in valae divided by (b) the fair ket value of the Property
<br />immediately before the partial tak�, destrucrion, or loss in vaiue. Any bal shall be �aid to Borrower.
<br />In the event of a paztiai taking, destruction, or loss in value of the Pro erty in which the fair market
<br />value of the Property unmediately before the paztial taking, destruction, or oss in vatue is less than the
<br />amount of the susns secured immediately before the parxial t�iri.ng, destru on, ar loss in value, unless
<br />Borrower and Lender otberwise agree in writing, the Miscelianeous Prooeer sbail be applied to the svms
<br />secured by tlus Security Instrument whether or not the sums are then due.
<br />If the Property is abandoned by Borrower, or if, after notice by 1
<br />apposing Party (as defined in the next sentence) offers to make aa award t
<br />Borrower fails to re�ond to Lender within 30 days after the date the notice i
<br />to oolled and apply the Miscellaneous Pracaeds either to restoration or re�
<br />sums secured by tlris Seauity Ir�strument, whether or not ihen due. "Opposin�
<br />that owes Borrower Miscellaneaus Proceeds or the party against whom Bon
<br />regard to Miscellaneaus Proceeds.
<br />Borrower shalt be in default if any action or proceeding, whether civil
<br />Lender's judgment, could resuit in fQrfeiture of the Property or other mat
<br />interest in the Property or rights under tlus Securiry Instrument. Borzower c
<br />acxelerarion has occurred, ceinstate as provided in Sedion 19, by causing d
<br />NEBFiASKA - Singie Family - Fannie #Aae/Freddle Mac UNiFORM INSTRU#AEf{T WITH
<br />� BA(NEj (o8to) Pa9s9 of iS InRi '-
<br />f
<br />� . Y, , .. , y � .
<br />;nder to Bonower that the
<br />settle a claim for damages,
<br />given, Lendex is authorized
<br />ir of the Property or ta the
<br />Party" means the third patty
<br />�wer has a right of action in
<br />r criminal, is begun that, in
<br />iai impairment of Lender's
<br />� cure such a default and, if
<br />action or proceeding to be
<br />11-01-000005
<br />ERS
<br />, �` � `Form 3028 i/01
<br />
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