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2011U2799
<br />Lender providing for such ternunatio or until ternunation is req
<br />10 affects Borrower's obligation to pa interest at the rate provid
<br />Mortgage Insurance reimburses ender (or any entity that I
<br />if Borrower does not repay the Loan a agreed. Borrower is not
<br />Mortgage insurers evaluate their otal risk on all such insura
<br />agreements with other parties that sh e or modify their risk, or �
<br />conditions that are satisfactory to the ortgage insurer and the o
<br />agreements may require the mortgage nsurer to make payments u
<br />may have available (which may inclu funds obtained from Mo�
<br />As a result of these agreements, ender, any purchaser of t
<br />entity, or any affiliate of any of the for going, may receive (direct]
<br />be characterized as) a portion of Borro er's payments for Mortga;
<br />the mortgage insurer's risk, or reduci g losses. If such agreemer
<br />of the insurer's risk in exchange for share of the premiums p�
<br />"captive reinsurance. " Further:
<br />(a) Any such agreements will not affect the amounts i
<br />Insurance, or any other terms of th Loan. Such agreements
<br />for Mortgage Insurance, and they ill not entitle Borrower t�
<br />(b) Any such agreements will ot affect the rights Borri
<br />Insurance under the Homeowners otection Act of 1998 or a�
<br />to receive certain disclosures, to r quest and obtain cancell
<br />Mortgage Insurance terminated aut atically, and/or to recei�
<br />that were unearned at the time of s ch cancellation or termin
<br />11. Assignment of Miscellaneo s Proceeds; Forfeiture.
<br />and sha11 be paid to Lender.
<br />If the Property is damaged, such iscellaneous Proceeds sha
<br />if the restoration or repair is economi ally feasible and Lender' �
<br />restoration period, Lender shall hav the right to hold such 1
<br />opportunity to inspect such Property ensure the work has bee�
<br />such inspection shall be undertaken pr mptly. Lender may pay fo�
<br />or in a series of progress payments as he work is completed. Ur
<br />Law requires interest to be paid on su h Miscellaneous Proceeds
<br />interest ar earnings on such Miscell eous Proceeds. If the re;
<br />Lender's security would be lessened, e Miscellaneous Proceeds
<br />Instrument, whether or not then due, ith the excess, if any, pai�
<br />be applied in the order provided for i Section 2.
<br />In the event of a total taking, de truction, or loss in value o:
<br />applied to the sums secured by this S curity Instrument, whethe
<br />Borrower.
<br />In the event of a partial taking, estruction, or loss in valu
<br />the Property immediately before the p ial taking, destruction, o
<br />of the sums secured by this Security I strument immediately befc
<br />unless Borrower and Lender otherwis agree in writing, tlie sums ;
<br />by the amount of the Miscellaneous P oceeds multiplied by the f�
<br />secured immediately before the parti taking, destruction, or los:
<br />Property immediately before the parti taking, destruction, or lo
<br />In the event of a partial taking, estruction, or loss in valu
<br />the Property immediately before the artial taking, destruction, �
<br />secured immediately before the parti taking, destruction, or lo
<br />agree in writing, the Miscellaneous P ceeds shall be applied to tl
<br />or not the sums are then due.
<br />If the Property is abandoned by orrower, or if, after noticE
<br />defined in the next sentence) offers t make an award to settle
<br />Lender within 30 days after the date t e notice is given, Lender i
<br />Proceeds either to restoration or repa r of the Property or to the
<br />or not then due. "Opposing Party" eans the third party that o
<br />against whom Borrower has a right o action in regard to Misce
<br />Borrower shall be in default if y action or proceeding, v�
<br />judgment, could result in forfeiture o the Property or other mate
<br />or rights under this Security Instrume t. Borrower can cure such
<br />as provided in Section 19, by caus ng the action or proceedi�
<br />judgment, precludes forfeiture of the Property or other material
<br />rights under this Security Instrument The proceeds of any awa
<br />impairment of Lender's interest in th Property are hereby assig
<br />All Miscellaneous Proceeds tha are not applied to restorat
<br />order provided for in Section 2.
<br />12. Borrower Not Released; orbearance By Lender Ni
<br />modification of amortization of the s secured by this Securit
<br />NEBRASKA--Single Family--Fannie Maei
<br />Form 3028 1 /01
<br />Mac UNIFORM INSTR
<br />Page 6 of 1 1
<br />or
<br />by Applicable Law. Nothing in this Section
<br />the Note.
<br />ases the Note) for certain losses it may incur
<br />ty to the Mortgage Insurance.
<br />n force from time to time, and may enter into
<br />e losses. These agreements are on terms and
<br />�arty (or parties) to these agreements. These
<br />any source of funds that the mortgage insurer
<br />� Insurance premiums).
<br />�te, another insurer, any reinsurer, any other
<br />indirectly) amounts that derive from (or might
<br />�urance, in exchange for sharing or modifying
<br />vides that an affiliate of Lender takes a share
<br />the insurer, the arrangement is often termed
<br />�t orrower has agreed to pay for Mortgage
<br />ill ot increase the amount Borrower will owe
<br />in refund.
<br />�e has - if any - with respect to the Mortgage
<br />ot er law. These rights may include the right
<br />:io of the Mortgage Insurance, to have the
<br />a efund of any Mortgage Insurance premiums
<br />Proceeds are hereby assigned to
<br />l be pplied to restoration or repair of the Property,
<br />sec rity is not lessened. During such repair and
<br />lisc llaneous Proceeds until Lender has had an
<br />co pleted to Lender's satisfaction, provided that
<br />the epairs and restoration in a single disbursement
<br />ess agreement is made in writing or Applicable
<br />Le der shall not be required to pay Borrower any
<br />tora ion or repair is not economically feasible or
<br />,hal be applied to the sums secured by this Security
<br />to orrower. Such Miscellaneous Proceeds shall
<br />the �roperty, the Miscellaneous Proceeds shall be
<br />or ot then due, with the excess, if any, paid to
<br />of
<br />in �
<br />s in
<br />of
<br />he Property in which the fair market value of
<br />in value is equal to or greater than the amount
<br />�e partial taking, destruction, or loss in value,
<br />ed by this Security Instrument sha11 be reduced
<br />-ing fraction: (a) the total amount of the sums
<br />alue divided by (b) the fair market value of the
<br />value. Any balance shall be paid to Borrower.
<br />he Property in which the fair market value of
<br />�s in value is less than the amount of the sums
<br />value, unless Borrower and Lender otherwise
<br />ns secured by this Security Instrument whether
<br />by ender to Borrower that the Opposing Party (as
<br />� cl 'm for damages, Borrower fails to respond to
<br />� au orized to collect and apply the Miscellaneous
<br />au secured by this Security Instrument, whether
<br />Nes orrower Miscellaneous Proceeds or the party
<br />lane us Proceeds.
<br />het r civil or criminal, is begun that, in Lender's
<br />•ial mpairment of Lender's interest in the Property
<br />a de ault and, if acceleration has occurred, reinstate
<br />g t be dismissed with a ruling that, in L.ender's
<br />imp irment of Lender's interest in the Property or
<br />•d o claim for damages that are attributable to the
<br />ied d sha11 be paid to Lender.
<br />on r repair of the Property shall be applied in the
<br />a aiver. Extension of the time for payment or
<br />In trument granted by Lender to Borrower or any
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