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2 01�03924
<br />As a result of these agreements, Lenrler, any purchaser of the Note, another insurer, a.ny reinsurer,
<br />any other entity, or any aff'�liate of any of the foregoing, may receive (direcfly or indirectly) amounts that
<br />denve from (or might be characterized as) a gortion of Borrower's payments for Martgage Insurance, in
<br />exchange for sharing or modifying the mortgage insurer's risk, or redncing losses. ff 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 arrangement is often termed "captive reinsurance." Further.
<br />(a) Any snch agreements will not affect the amounts that Borrower has agreed to pay for
<br />Mortgage In.surance, or any other terms of the Loan. Such agreements will not increase the amount
<br />Borrower will owe for Mortgage Insurance, and they will not entitle Borrower f.o any refund.
<br />(6) Any such agr�ments will not affect fhe rights Borrower has - if any - with respect to the
<br />Mortgage Insurance under the Homeowasrs Protectioa Act of 1998 or any other law. These rights
<br />may include the right to re�ei�e certain discloaur�, to iequest and obtain cancellation of the
<br />Mortgage Insnrance, to have the Mortgage Insurance terminated sotomatically, atxd/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 Miscellaneous Proeeeds; ForFeiture. All Miscellaneous Proceeds are hereby
<br />assigned to a.nd shall be paid to Lender.
<br />If the Property is damaged, such Miscellaneous Proceeds shall be applied to restora.tion or repair of
<br />the Property, if the restoration or repair is economically feasible and Lender's security is not lessened.
<br />During such repair and restoration period, Lender shall have the zight to hold such Miscellaneous Proceeds
<br />until Lender has ha.d an opgortunity to inspect such Properiy to ensure the work ha.s been completed to
<br />Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may pay far the
<br />repairs and restoration in a single disbursement or in a series of pmgress payments as the work is
<br />completed. Unless a,n agreement is made in writing or Agplica.ble Law requires interest to be paid on such
<br />Miscellaneous Proceeds, I.,ender shall not be required to pay Borrower any interest or earnings on such
<br />Miscellaneous Proceeds. If the restoration or repair is not economically feasible or Lender's security would
<br />be Iessened, 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 Section 2.
<br />In the event of a total taking, destruction, or loss in value of the Property, the Miscellaneous
<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 Bonower.
<br />In the event af a partial taking, desttuction, or loss in value of the Property in which the fair market
<br />value of the Progeriy immediately before the partial takiug, destruction, or loss in value is equal to or
<br />grea.ter than the amount of the sums secured by this Security Instrument immediately befoze the partial
<br />taking, destruction, or loss in value, unless Borrower and Lender otherwise agree in writing, the sums
<br />secured by this Security Instrument shall be reduceci by the amount of the Miscellaneous Proceeds
<br />multiplied by the following fraction: (a) the total amount of the sums secured immediately before fhe
<br />partial taking, deshuction, or loss in value divided by (b) the fair market value of the Progerty
<br />immediately before the partial taking, destruction, or loss in value. Any balance shall bEpaid to Borrower.
<br />In the event of a partial taking, destruction, or loss in value of tfie Property in which the fair market
<br />value of the Properly immediately before the partial taking, destruction, or loss in value is less than fhe
<br />amount of the sums secured immediately before the partial taking, destruction, or loss in value, unless
<br />Borrower aud Lender otherwise agree in writing, the Miscellaneous Proceeds shall be applied to the sums
<br />secured by this Securi,ty Insbrument whether or not the sums are then due.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the
<br />Opposing Party (as defined in the next senteuce) offers to make an awazd to settle a claim for damages,
<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 Miscellaneous Proceeds either to restoration or repair of the Property or to the
<br />sums secured by this Security Instiument, whether or not then due. "Opposing Party" means the third parly
<br />that owes Borrower Miscellaneous Proceeds or the pa.rly against whom Borrower has a right of action in
<br />regard to Miscell.aneous 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 forFeiture of the Property or other material impairment of Lender's
<br />interest in the Property or rights under this Securiry Instrument. Borrower can cure such a default and, if
<br />NEBRASKA - Singfe Family - Fanrtie MaeiFreddie Mac UNIFORM INSTRUMENT
<br />�-6(NEi toa� 9� r�ae s or �s iRwa�: �_ Form 3028 1l01
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