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201103673
<br />As a result of these agreements, Lender, any purchaser of the Note, another insurer, aay reinsurer,
<br />any other entity, or any aff'�liate of any of the foregoing, may receive (directly or indirecfly) amounts that
<br />derive from (or might be characterized as) a gortion of Borrower's payments for Mortgage Tn�„ransp, in
<br />exchange for sharing or modifying the mortgage insurer's risk, or reducing losses. If such agreement
<br />provides that an aff'�liate of Lender takes a share of the insurer's risk in exchange for a share of the
<br />premiums paid to the insurer, the arra.ngement is often termed "captive reinsurance." Further:
<br />(a) Any such agreements will not affect the amounts that Borrower has agreed to pay for
<br />Mortgage Insurance, or any other terms of the Loan. Such agreements will not increase the amount
<br />Borrower will owe for Mortgage Insurance, and they wi11 not entitle Borrower to any refund.
<br />@) Aay snch 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 inclnde the right to receive certain disclosur�, to requ�t and obtain cancelIation of the
<br />Mortgage Insurance, to have t6e Mortgage Insurance terminated automatically, andlor to re�eive 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�ns Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby
<br />assigned to and sball be paid to Lender.
<br />If the Property is damaged, such Miscellaueous Proceeds shall be applied to restoration or repair of
<br />the Properiy, if the zestoration or repair is economically feasible and Lender's security is not lessened.
<br />During such repair and restoration period, Lender shall have the right to hold such Miscellaneous Proceeds
<br />until Lender has had an opportunity to inspect such Property to ensure the work ha.s been completed to
<br />Lender's satisfaction, provided that such inspection sha.11 be undertaken promptly. Lender may pay for the
<br />repairs and restoration in a single disbursement or in a series 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 restora�ion 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 Security Instrument,
<br />whether or not then due, with the excess, if azry, paid to Borrower. 5uch Miscellaneous Proceeds shall be
<br />applied in the order provided for in Section 2.
<br />In the event of a total taking, destruction, or loss in value of the Progerty, the Miscellanenus
<br />Proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with
<br />the excess, if any, paid to Borrower.
<br />In the event of a partial taking, destruction, or loss in value of the Properiy in which the fair market
<br />value of the Frogeriy immediately before the partial ta.king, destruction, or loss in value is equal to ox
<br />greater than the amount of the sums secured by this Security Instrument immedia.tely before the partial
<br />taking, destruction, or loss in value, unless Bonower and Lender otherwise agree in writing, tb.e sums
<br />secured by this Security Instrument shall Ue reduced by the amount of the Miscellaneous Proceeds
<br />multiplied by fhe following fraction: (a) the total amaunt of the sums secured immediately before the
<br />gartial taking, destruction, or loss in value divided by {b) the fair market value of the 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, deshvction, or loss in value of the Progeriy in which the fair market
<br />value of fhe Property immediately before the partial taking, @estruction, or loss in value is less than the
<br />amount of the sums secured immediately before the partial taking, destruction, or loss in value, unless
<br />Borrower and Lender otherwise agree 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 Properly is abandoned by Borrower, or if, after notice by Lender to Borrower that the
<br />Opposing Party (as defined in the next sentence) offers to make an awazd to settle a claim for damages,
<br />Borrower fails to respond to Lender within 30 da.ys a.fter the date the notice is given, Lender is authorized
<br />to collect and apply the Miscellaneous 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 Parly" means the third party
<br />that owes Borrower Miscellaneous Proceeds or the party against whom Borrower has a right of action in
<br />regazd to Miscellaneous Proceeds.
<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 forfeiiure of the Progerty or, other material impairment of Lender's
<br />interest in the Property or rights under this Security Instrument. Borrower can cure such a default and, if
<br />NEBRASKA - Single Family - Fannie Mee/Freddle Mec UNIFORM tNSTRUMENT '
<br />�-8(NE) toeT 1� aeee s of � 6 i�tio�s: � Form 3028 1/01
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