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<br />As a result of these agreements, Lcnder, any purchaser of thc Notc, another insurer, any reinsurer,
<br />any other entity, or any affiliate of any of ihe foregoing, may receive (directly or indirectly) amounts that
<br />derive from (or might be characterized as) a poriion of Iiorrowcr's (�ayinents for Mortgage Insurance, in
<br />exchange liir sh�ring or mudifying lhe murlgagc insurer's risk, or reducin� lusses. [f such agreemenl
<br />provides that an aftiliate oi' Lender takes a share oi� the insurer's risk in exchange for a share of the
<br />�rciniums paid to thc insurcr, lhc arrangcmcnt is oftcn tcnncd "captivc rcinsurancc." Furthcr:
<br />(a) An,y such agrccmcnts will not affcct thc amounts that Borrowcr has agrccd to pay for
<br />Mortgage Insurance, or any other terms of t6e Loan. Such agreements will not increase the amount
<br />Borrower will uwe for Mortgagc Insurance, and they will not entitle Borrower to any refund.
<br />(b) Any such agreements will not affect thc rights Borrower has - if anV - with respect to the
<br />Mortgage Insurance under the IIomeowners Protection Act of 1998 or an�� other law. These rights
<br />may include the right to receive certain disclosures, to request and obtain cancellation of the
<br />Mortgage Insurance, to have the Mortgage Insurance. terminated automatically, and/or to receive a
<br />refund of any Mortgage Insurance premiums that were unearned at the time of such cancella6on or
<br />termination.
<br />ll. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hercby
<br />assigned to and shall be paid to Lender.
<br />If the Property is dainaged, such Miscellaneons Procec;ds shall be applied lo restoration or repair of
<br />the Property, if the restoration or repair is economically feasible and Lender's security is nol lessened.
<br />During such repair and restoration period, Lendcr shall have the right to hold such Miscellancous Proceeds
<br />until Lcndcr has had an opportunity to inspcct such Properiy to cnsurc thc work has bccn complctcd to
<br />Lender's satisfaction, provided lhat such inspection shall be undertaken Promptly. Lendcr may pay for the
<br />repairs and restoration in a single disburseuient or in a series of progress payments as the work is
<br />compleled. ilnless un ugreemenl iti mude in wriling or Applicuble Law rec�uireti interesl to be puid on such
<br />Misccllaneous Proceeds, Lender shall not be required to pay Borrower any interest or earnings on such
<br />Miscellaneous Proceeds. If the restoration or 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 5ecurity Instruinent,
<br />whelher ur not lhen due, with lhe excess, if any, paid to Burrower. Such Miscellaneous Proceed� shall be
<br />applied in the order provided tbr in Section 2.
<br />In the evc;nt of a total taking, Jestruction, or loss in value oP the Property, the Miscellaneous
<br />Proceeds shall be applied to the sums sec��red by this Security Inetrument, whether or not then due, with
<br />thc cxccss, if any, paid to Borrov��cr.
<br />In the event of a parlial tuking, destruclion, or lutis in value of lhe Property in which lhe fair markel
<br />value of the Properly iminecliately before the partial taking, destniction, or loss in value is eyual tQ or
<br />greater than the amount of the sums secured by this Sccurity Instruinent iminediately before the partial
<br />taking, destruction, or loss in value, unless Borrower and Lender otherwise agree in writing, the sums
<br />secured by this Security Inslrumen! shall be reduced by lhe amounl of the Miscellaneuus Proceeds
<br />multiplie�l by the following fraction: (a) the total amount of the suins secnred iinmediately before the
<br />partial taking, dcstruclion, or loss in valuc dividcd by (b) thc fair markct valuc of thc Property
<br />immediately before the partial taking, destruction, or loss in value. Any balance shall be paid to Borrower_
<br />In the event of a partial taking, destniction, 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 less than the
<br />amount of the sums secured immediately bel'ore: the partial taking, destruction, or loss in value, unless
<br />I3orrower und Lender olherwise ugree in writing, lhe Miscellaneuus Proc�eds tihall be applicd to lhe sums
<br />seciued by this Security Instnunent whether or not lhe suins are then due_
<br />If thc Property is abandoncd by Borrowcr, or ii', aftcr noticc by Lcndcr to Borrowcr that thc
<br />Opposing Pariy (as defined in the next sentencel offers to make an award to settle a claim for damages,
<br />Borrower fails to respond to Lender within 30 days after the date the notice is giveii, Lender is authorized
<br />tu collect and upply the Miscellaneuus Proceeds eilher to restoralion or repair uf ihe Pruperty ur lu lhe
<br />sums secured by this Security Instrument, wheth�r or not then due. "Opposing Party" means the third party
<br />thal owes I3orrower Miscellancous Procceds or thc party against whoin Bonower has a right of action in
<br />regard to Miscellancous Procceds.
<br />Borrower shall be in default if any action or proceeding, whether civil or criininal, is begun that, in
<br />Lender's judginent, could result in lorfeiture of the Properiy or othcr material impainnent of Lender's
<br />inleretil in the Properly or rights under lhis Security Inslrument. [3urrower can cure such a delaull und, if
<br />,{� Y�
<br />NEBRASKA- Single Family - FannieMae/Freddie Mac UNIFORM INSTRUMENT/y�� �!
<br />�-6(NE)(oaii� Page9of15 i��n�i5 / Form3028 1/01
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