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201�0301�
<br />As a result of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer,
<br />any other entity, or any affiliate of any of the foregoing, may receive (d'vrectly or indirectly) amounts that
<br />derive from (or might be characterized as) a portion of Borrower's payments for Mortgage Insurance, in
<br />exchange for sharing or modifying the mortgage insurer's risk, or reducing losses. If such agreement
<br />provides that an affiliate of Lender tatces a share of the insu.rer's risk in exchange for a share of the
<br />premiums paid to the insurer, the arrangement is often termed "captive reinsurance. " Further:
<br />(a) Any such agrcements will not affect the amounts that Borrower has agre� to pay for
<br />Mortgage Insurance, or any other terms of the Loan. Such agr�ments will not increase the amoant
<br />Borrower wiII owe for Mortgage Insurance, and the� will not entitle Borrower to any refund.
<br />(b) Any such agreements will not affect the rights Borrower has - if any - with respect to the
<br />Mortgage Insurance under the Homeowners Protection Act of 1998 or any 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 automafically, and/or to receive a
<br />refund of any Mortgage Insurance premiums that were unearned at the time of such cancellation or
<br />termination.
<br />11. Assignment of Miscellan�us Proceeds; ForFeiture. A11 Miscellaneous Pracee�s are hereby
<br />assigned to and shall be paid to Lender.
<br />If the Property is damaged, such Misc�llan�us Pr�s shall be applied to restorarion or repair vf
<br />the Property, if the restoration or repair is economically feasible and Lender's s�urity is not lessened.
<br />During such repair and restorarion period, Lender shall have the right to hold such Miscellaneaus Proce�ds
<br />until Lender has had an opportunity to insp�t such Property to ensure the work has been completed to
<br />Lender's satisfaction, provided that such inspectiott shall be undertaken promptly. Lender may pay for the
<br />repairs and restoraxion in a single disbursement or in a serie.s of progress payments as the work is
<br />completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such
<br />Miscellaneous Proceeds, Lender shall not be required to pay Borrower any interest or earnings on such
<br />Miscellaneous Proceeds. If the restorarion or repair is not economically feasible or Lender's securiry would
<br />be lessened, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument,
<br />whether or not then due, with the excess, if any, paid to Borrower. Such Miscellaneous Proceeds shall be
<br />applied in the order provided for in 5�tion 2.
<br />In the event of a total taking, destruction, or loss in value of the Properly, the Miscellaneous
<br />Proceeds shall be applied to the sums secured by this S�urity Instrument, whether or not then due, with
<br />the excess, if any, paid to Bonower.
<br />In the event of a partial taking, destruction, or loss in value oP the Properly in which the fair market
<br />value of the Property immediately before the partial taking, destruction, or loss in value is �ual to or
<br />greater than the amount of the sums secured by this Security Instrument immediately before the partial
<br />taking, desiruction, or loss in value, unless Bonower and Lender otherwise agree in writing, the sums
<br />secured by this Security Instrument shall be redua� by the amount of the Miscellaneous Proceeds
<br />multiplied by tha following fraction: (a) the total amount of the sums secure�l immediately before the
<br />partial taking, destruction, or loss in value divided by (b) the fair market value of the Property
<br />imme�diately before the partial taking, destruction, or loss in value. Aiy balance shall be �aid to Bonower.
<br />In the event of a partial taldng, d�ction, or loss in value of the Property in wluch the fair market
<br />value of the Properly irnm�iately before the partial taking, destruction, or loss in vatue is less than the
<br />amount of the sums s�ured immediately before the partial taking, dest�udion, or loss in value, �l�ss
<br />Borrower and Lender otherwise agre� in writing, the Miscellaneous Proceeds shall be applied to the sums
<br />secured by this Security Instrument whether or not the sums are then due.
<br />If the Property is abandonefl by Bonower, or if, after norice by Lender to Bonower that the
<br />Opposing Parly (as defined in the next sentence) offers to make an award to settle a claim for damages,
<br />Bonower fails to respond to I.ender within 30 days after the date the norice is given, Lender is authoriz�d
<br />to collect and apply the Miscellan�us Proceeds either to restoration or repair of the Property or to the
<br />sums secured by this Security Instrument, whether or not then due. "Opposing Party" means the third party
<br />that owes Borrower Miscellaneous Proceeds or the party against whom Bonower has a right of action in
<br />regard to Miscellaneous Procceds.
<br />Borrower shall be in default if any action or proceeding, whether civil or criminal, is begun that, in
<br />Lender's judgment, could result in forfeiture of the Property or other maxerial impairment of Lender's
<br />interest in the Property or rights under this Security Instrument. Borrower can cure such a default and, if
<br />111EBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />�-6(NE) loaa tJ Page 9 of 15 inniais: Form 3028 il01
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