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201103885
<br />As a result of these agreements, L�der, any purchaser of the Note, another insurer, any reinsurer,
<br />any other entity, or any affiliate of any of the foregoing, may receive (directly or indire�tly) amowrts that
<br />derive from (or might be characterized as) a portion of Borrower's payments for Martgage Insurance, in
<br />exct�ar►ge for shaxing or modifying tha mortgage insurer's risk, or reducing losses. If such agreement
<br />provides that az► affiliate of Lender takes a shaze of the insurer' s risk in exchange for a share of the
<br />premiums paid to the insurer, the arrangement is often terme� "captive reinsurance." Further:
<br />(a) Any sach �greements w�1ll not affect the amounte that Borrower has agrced to pay for
<br />Mortgage Insurance, or any other terms of the Loan. Snch agre,emen� witll not increase the amount
<br />Borrower w9ll owe for Mortgage Insurance, and they will not entitle Bosower to any refund.
<br />(b) Any such �greements w�till not affect the rights Borrower h�s - if any - with respect to the
<br />Mortgage Insurance nnder the Hom�wners Protect�lon Act of 1998 or any other law. Theae rights
<br />may inclnde the right to receive certa�in disclosures, to reqnest and obtain cancellat3on of the
<br />Mortgage �nsnrance, to have the Mortgage Insnrance terminat� antomatically, and/or to receive a
<br />refnnd of any Mortgage Insnrance preminms that were unearn� at the time of snch cancellatfon or
<br />termination.
<br />11. Assignment of Miscellaneons Proceeda; Forfeitare. All Miscellaneous Ptocceds ate hereby
<br />assigned to and shall be paid to Lender.
<br />If the Property is daznaged, such Miscellan�us Proceeds shall be appliefl to restoration or repair of
<br />the Property, if the restoration ar repair is economically feasible and Lender' s s�ccurity is not less�►e�i.
<br />During such repair and restoration period, Lender shall have the right to hold such Miscellaneaus Proceeris
<br />until I.ender has had an opportunity to inspe�t such Properiy to ensura the work has been compldefl to
<br />Lmder's satiafaction, provided that such inspection shall be undertaken promptly. Lender may Pay for tha
<br />repairs and restoration in a single disbursement or in a series of progress paymmts as the work is
<br />completed. Unless an agre,ement is made in writing or Applicable Law raquires interest to be paid on such
<br />Miscellan�us Proceeds, Lender shall not be required to pay Borrower any interest or earnings an such
<br />Miscellaneous Proceeds. If the restoration ar repair is not economically fe,asible or Lender' s security wauld
<br />be lessenad, the Miscellan�us Proce,eds shall be applied to the suims secured by this Security Inshvment,
<br />whether or not then due, with the excess, if any, paid to Borrower. Such Miscellaneous Procee�s shall be
<br />applied in the order provided far in Section 2.
<br />In the event of a total taldng, destruction, or loss in value of the Property, the Miscellaneous
<br />Procee�s shall be applie3 to the sums securerl by this 5ecurity 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 Prop�t.y in which the fair market
<br />vatue of the Property immediately before the partial taking, destruction, or loss in value is e�ual to or
<br />greater than the am�unt of the sums secured by this Security Instrument immediately before the paztial
<br />taking, destruction, or loss in value, unless Borrower and Lender otheiwise agree in writing, the sums
<br />secured by this Security Instrument sl�all be reduced by the amount of the Miscellaneous Procee�s
<br />multiplied by the following fraction: (a) the total �ount of the sums saeured immediately before t�►e
<br />partial taking, de.ghuction, or loss in value divided bY (b) the fair market vatue of the Properiy
<br />immediately before the pa�rtial taking, destruction, or loss in value. Aiy balance shall be paid to Bonower.
<br />In the event of a partial taking, destruction, ar loss in value of the Property in which the fair market
<br />value of the Property immediately before the partial taking, desrivction, or loss m value is le,ss than the
<br />amaunt of the sums secur� immediately before the partial taking, destruction, or loss in value, unless
<br />Borrower and I.ender otherwise agree in writing, the Miscellan�us Procee�s shall be applied to the sums
<br />seciured by this Se�urity Instrument whether or not the sums are then due.
<br />If the Property is abandonefl by Borrower, or if, after notice by Lender to Borrower that the
<br />Opposing Party (as define� 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 after the date the notice is given, Lender is authorized
<br />to collect and apply the Miscellaneous Proceeds either to restoration ar repair of the Properiy or to the
<br />sums secured by this Security Insirument, whether or not then due. "Opposing Party" means the third Party
<br />that owes Boa�ower Miscellaneous Proceeds or the pariy against whom Bon'ower has a right of action in
<br />regard to Miscellaneous Praceeds.
<br />Borrower shall be in default if any action or proceeciing, whekher civil ar criminal, is begun that, in
<br />Lender's judgment, could result in forfeiture of the Properiy or other material impairment of Lendet's
<br />interest in the Progerty or rights under this Security Instciiment. Bonower c�n cure such a default and, if
<br />acceleration has occurred, reinstate as provided in 5ection 19, by causing the ackion or proceeding to be
<br />2200132068 D V6ANL�
<br />NEERASKA - Single Family - Fannle Mae/Freddle Mac UNIFORM INSTRUMENT WIT��
<br />�-8A(NF� loat o) Peee s ot t e trdaeis: (/�lForm 3028 1/01
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