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20110237�
<br />As a result of these agreements, I.ender, any purchaser of the Note, an
<br />any other entity, or any affiliate of any of the foregoing, may receive (direct]
<br />derive from (or might be characterized as) a portion of Borrower's payment:
<br />exchange for shazing or modifying the mortgage insurer's risk, or reducin
<br />provides that an affiliate of Lender takes a share of the insurer's risk in �
<br />premiums paid to the insurer, the azrangement is often termed "captive reinsur
<br />(a) Any sa.ch agreements witl not affect the amoants that Bc►rro�
<br />Mortgage Insurance, or an��other terms of the Loan. Such agreements �
<br />Borrower wilt owe for Mortgage Insurance, and thev wil� nQt entit{e Soritro
<br />(b) Any sach agi�eements wiil not affect tbe nghts Borrower i�as t i
<br />Mortgage Insurance mtder the Hom�wners Protection Ack of 1998 0� �
<br />may incinde the right to reoeeve certain disclosanes, to reqaest and
<br />11�ortgage Insurance, to 6ave the Mo�tgage Insniance terntinated automa
<br />refnnd of any Mortgage Insurance pre;miums t]�at were une9rned at the t
<br />termination
<br />].1.. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscell.
<br />assigned to and shall be paid to Lender. •
<br />If the Property is danaaged, such Miscellaneous Proc�eeds shail be appli�
<br />the Property, if the restoration or repair is eronomicaiIy feasible and Lende
<br />During such repair and restoration period, Lender shali have the right ta hoid
<br />until Lender has had an opportunity to inspect such Property to ensure the
<br />I.�ader's satisfaction, provided that such inspecx�ion shall be undertaken prom�
<br />repairs and restoration in a single disbursement or in a series of progres
<br />ctimpleted. Unless an agreement is made in writing ar Applicable Law requirc
<br />Miscellaneous Proceeds, I.ender shall not be required to pay Borrowet any
<br />Misc�llaneous Proceeds. If the restoration or repair is not economic�lly feasibt
<br />be lessened, the Miscellaneous Proceeds shall be applied to the sums seciued
<br />whether or aot then due, with the excess, if any, paid to Borrower. Snch Mis
<br />applied in the order provided Por in Sedion 2.
<br />In the event of a total taking, destruction, or loss in vaiue of the l
<br />Proceeds shall be applied to the sums secured by this Security Instrument, w
<br />the excess, if any, paid to Borrower.
<br />in the event of a paztial taking, destruction, or loss in value of the Prop<
<br />value of the Property immediately before the partial takir►g, destruction, or
<br />greater than the amount of t1�e sums secured by this Security Instrument im
<br />talQn.g, destruction, or loss in value, unless Borco!wer and L�nder o#herwise
<br />secured by this Security Instrument s}xa11 be reduced hy the amount of �
<br />multiplied by the fallowing fracfi.ion: (a) the total amount of 'the svms secu
<br />partiat talang, destruction, or loss in vaiue divided by (b) the fair mai
<br />immediately before the partial taking, destruction, or loss in value. Any balanc
<br />In the event of a partial taking, destruction, or loss in yalue of the Pgope
<br />value of the Property immediateiy before the partial taking, destruction, or i
<br />amount of the sums secured immediately before the partial; takin�, destructi�
<br />Borrower and Lender otherwise agree in writing, the Miscellaneous Proceeds
<br />secured by this Security Instrument whether or not the sums aze then due.
<br />If the Property is abandoned by Bonower, or if, after aotice by I.�
<br />Opposing Party (as defined in the next sentence) offers to makc an awazd to
<br />Bozrower fails to respond to Lender within 30 days after the date the notice is
<br />to collect and appiy the Miscellaneous Proceeds either to restoration or repa
<br />sums secured by this Security Instrument, whether or not then due. "Opposing
<br />that owes Borrower Miscellaneous Proceeds or the pazty against whom Borro
<br />regard to Miscellaneous Proceeds.
<br />Borrower shall be in default if any action or proceeding, whether civil o
<br />Lendez's judgment, could result in forfeiture of the Property or other mate�
<br />interest in the Praperty or rights under this Security Instrument. Borrower �u
<br />acceleratian has occurrecl, reinstate as provided in Sedion 19, by causiag the
<br />NEBRASKA - Singie Famify - Fannie MaNFreddie Mac UNIFORM 1NSTRUMENT WiTH
<br />�-6A(NE} roa�o} Pegas a ts i„K�i /
<br />ther insurer, any reinst�rer,
<br />or ind'uectiy) amounts that
<br />for Mortgage Insurance, in
<br />losses. If such agreement
<br />�change for a share of the
<br />�ce. " �rther:
<br />yr has agreed to psy for
<br />Il not increase ttte amount
<br />rer to any refund.
<br />any - �rit6 respect to the
<br />y ot6er law. These rights
<br />btain canceUation of the
<br />icatiy, and/or to reoeive a
<br />ne of such caucellation or
<br />Proceeds are hereby
<br />I to restoration or repair of
<br />'s security is not lessened.
<br />ich Misc:eilaneous Proceeds
<br />ork has been completed to
<br />ly. Lender may pay €or the
<br />payments as the work is
<br />inter�t to be paid on such
<br />iterest or earnings on such
<br />or Lender's security would
<br />y this Securiry Instrument,
<br />�llaneous Proceeds shall be
<br />y, the Miscellaneous
<br />or aot then due, with
<br />�ly in which the fair market
<br />oss in value is equa! to or
<br />aediately before the partial
<br />agree in writing, the sunns
<br />�e Miscellaneous Proceeds
<br />ed immediately before the
<br />�et value of the Property
<br />shall be �aid to Bonower.
<br />ty in wluch the fair market
<br />ss in value is less than the
<br />n, or Ioss in value, unless
<br />hall be applied to the sums
<br />�er to Borrower that the
<br />;ttle a claim for damages,
<br />�,ven, Lender is authorized
<br />of the Property or to the
<br />sry" means the third party
<br />:r has a right of adion in
<br />criminal, is begun that, in
<br />a1 impairment of Lender's
<br />cure such a default and, if
<br />� on or proceeding to be
<br />11-02-00006�
<br />Form 3028 1/01
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