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201103756
<br />As a result of these agreements, Lender, any purch�.ger of the Note, another insurer, any reinsurer,
<br />any other entity, or any a£filiate of any of the foregoing, may r�eive (directly or indire�tly) amounts that
<br />derive from (or might be characterized as) a portion of Borrowar's payments for Mortgage Insurance, in
<br />e�chenge far sharing or modifying the mortgage insurer's risk, or reducing losses. If such agreennent
<br />provides that an affiliate of Lender takes a share of the insurer' s risk in exchange for a share of the
<br />premiums paid ta the insurer, the arrangement is often termed "captive reinsurance." Further:
<br />(a) Any snch agreemen� will not affect the amonnts that Borrower has agreed to pay for
<br />Mortgage Insnrance, or any other terms of the Loan. Snch agreements will not �incre,�se the amomit
<br />Borrower w�ill owe for Mortgage Insnrance, and they will not entitle Borrower to any refnnd.
<br />(b) Any sueh agrcements wlll not affect the rlghts Borrower has - if any - with resped to the
<br />Mortgage Insnr�nce under the Hom�wners Protect�lon Act of 1998 or any other law. These rlghl�s
<br />may �inclnde the right to receive certa3n disclasnres, to reqnest and obtain cancella6ton of the
<br />Mortgage Insurance, to have the Mortgage Insurance termin�ted antomatically, and/or to receive a
<br />refand of any Mortgage Insurance premiums that were nnearned at the dme of snch cancellation or
<br />termi�►ablon.
<br />11. AssYgnment of Miscellaneons Proce�s; Forfeitare. All Miscellaneous Proc�ls ate hereby
<br />assigned to and shall be paid to Lender.
<br />If the Properiy is damaged, such Miscellaneous Proc�ds shall be appli� to restoration or repair of
<br />the Property, if the r�toration or repair is economically feasi`ble and Lender' s se�urity is not lessened
<br />During such repair az►d reatoration period, L�der shall have the right to hold such Misc;ellaneaus Proc�eds
<br />imtil Lender has had an opporhmity to ins�sect such Property to ensure the work has heen comple,t�i to
<br />Lender' s satisfaction, provided that such inspection sl�all be imdertaken promptly. Lender may pay for tha
<br />repairs and restoration in a single disbursement or in a series of progress payments as tha work is
<br />completed. Unless an agreement ia made in writing or Applicable Law requires intere.st to be paid on such
<br />Miscellan�us Proceeds, Lender sball not be required to pay Borrower any interest ar eaznings on such
<br />Miscellan�us Proceeds. If the restoration or repair is not economic�lly feav'ble or Lender' s s�urity would
<br />be lessened, the Miscellaneous Procee�s shall be applied to the sums se�ured by this Security Instrument,
<br />whether or not then due, with the excess, if any, Paid to Borrower. Such Miscellaneaus Proceeds sl�all 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 Properly, the Miscellaneaus
<br />Proceeds shall be applied to the sums secured by this Security Instcument, whether or not then due, with
<br />the e�cess, if any, paid to Borrower.
<br />In the event of a partial taking, destruction, or loss in value of the Properiy in wluch the fair market
<br />value of the Property immediately before the partial taking, destruction, or loss in value is equal to or
<br />greater t1�t► the amount of the sums sec�tred by this Security Instrument immediately befare the gartial
<br />taking, destruction, or loss in value, unless Boaower and Lender othetwise agr� in writing, the sums
<br />sex;iuc'ed by this Security Instrument shall be reduced by the amount of the Miscellan�us Procxeds
<br />multiplied by the following fraction: (a) tha total �nount of the sums s�urerl immediately before the
<br />partial taking, destruction, or loss in valua divide� bY (b) the fair market value of the Properiy
<br />immediately befare the partial taking, de.4truction, or loss in value. Aty balance shall be �aid to Bonower.
<br />In the event of a partial taking, destruction, ar loss in value of the Praperty in which the fair market
<br />value of the Property immediately before the partial taking, deshuction, or loss in value is less than the
<br />�unt of the sums secured immediately before the partial taking, destruction, or loss in value, unless
<br />Borrower and Lender otherwise agr� in writing, the Miscellaneaus Proceeds shall be applied to the sums
<br />secured by this Security Instrument whether �r not the sums are then due.
<br />If the Properiy is abandone� by Borrower, or if, after notice by Lender to Bosower that the
<br />Opposing Party (as defined in the next sentence) offers to make an awazd to settle a claim for damageg,
<br />Borrower fails to respond to Lender within 30 days after the date the notice is given, Lender is authorized
<br />to collect and apply the Miscellan�us Proceeds either to restoration or repair of the Property or to the
<br />sums �ed by this Security Insfmm�ent, whetherr or not then due. "Opposing Party" means the third P�Y
<br />that owes Borrower Miscellan�us Proceeds or the pariy against whom Bosower has a right of action in
<br />regard to Miscellaneous Praceals.
<br />Borrower shall be in default if any action or proceerling, whether civil or criminal, is beglm that, in
<br />Lender's judgment, could result in forfeiture of the Property or other material imgairment of L�der's
<br />interest in the Property or rights under this Security Instrument. Bonower can cure such a default and, if
<br />acxeleration has occarred, reinstate as provided in Section 19, by causing the action ar proceeding to be
<br />2200133693 D V6ANE
<br />NEBRASKA - Single Family - Fannle Mae/Freddla Mac UNIFORM INSTRUMENT WITH M
<br />�-6A(N� 1oa�o1 Page 8 of 16 tr,wais: Form 3028 7/01
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