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<br />As a result of these agreements, Lendar, any purchaser of the Note, another insarer, any reinsurer,
<br />any other enrity, or any affiliate of any of the foregoing, may receive (directly or indirectly) amounts that
<br />derive from (or might be chazacterized as) a portion of Bonower's payments for Mortgage Insurance, in
<br />exchange for sharing or modifying the mortgage insurer's risk, or reducing Iosses. If such agreement
<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 to the insurer, the arrangemettt 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 agrcements will not increase the amount
<br />Borrower will owe for Mortgage Insurance, and the� will not entitle Borrower to any refund.
<br />(b) Any such agrcements will not affect the r�ghts 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 terminat� automatically, and/or to receive a
<br />refund of any MorEgage Insurance premiums that were unearned at the time of such cancellation or
<br />termination.
<br />11. A�signment of Miscellaneous Proceeds; Forfeiture. All Miscelianeous Praceeds are hereby
<br />assigned to and shall be paid to Lender.
<br />If the Property is damaged, such Miscellaneous Procceds shall be ap�lied to restoration or repair of
<br />the Property, if the restoration or repair is ec:onomically feasible and Lender's se�urity is not lessene�.
<br />During such repair and restoration period, Lender shall ha�e the right to hold such Miscellaneaus Proceeds
<br />until Lender has had an opportunity to inspect such Properly to ensure the work has b�n completefl to
<br />Lender's satisfaction, provided that such inspection shall 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 Proce�s, Lender shall not be required to pay Bonower any interest or earnings on such
<br />Miscellaneous Procceds. If the restorarion or repair is not economically feasible or Lender's security would
<br />be lessened, the Miscellaneous Procceds shall be applierl 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 />Proceecis sha11 be applied to the sums s�ured by this Security Instrument, whether or not then due, with
<br />the excess, if any, paid to Bonower.
<br />In the event of a pamal taking, destruction, or loss in value of the Property in which the fair market
<br />value of the Property immediately before the partial taking, desirucrion, or loss in value is equal to or
<br />greater than the amount of the sums s�ured by this Security Instrument immefliately before the partial
<br />taking, desriuction, or loss in value, unless Bonower and Lender othervvise agree in writing, the sums
<br />secured by this Security Instrument shall be reduced by the amount of the Miscellaneaus Proceeds
<br />multiplied by the following ftaction: (a) the total amount of the sums secured immediately before the
<br />partial taking, desmxcrion, 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 �aid to Bonower.
<br />In tha event of a partial taking, destruction, or loss in value of the Progerty in whiich the fair market
<br />value of the Property immediately before the partial taking, destruction, or loss in value is less ttkw the
<br />amount of the sums s�ured immediately before the partial taking, destruction, or loss in value, unless
<br />Bonower and Lender otherwise agree in writing, the Miscellaneous Proceeds shall be applied to the sums
<br />secured by this Security Instniment whether or not the surns are then due.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Bonower that the
<br />Opposing Party (as defined in the next sentence) offars to make an awazd to settle a claim for daznages,
<br />Borrower Pails 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 secured by this Security Instrument, whether or not then due. "Opposing Party" means the third party
<br />that owes Bonower Miscellaneous Praceeds or the party against whom Borrower has a right of action in
<br />regard to Miscellaneous Proceefls.
<br />Bonower 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 imgaument of Lender's
<br />interest in the Property or rights under this Security Instrument. Bonower can cure such a default and, if
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UWIFORM INSTRUMENT
<br />�-6(NE) f08111 Page 9 of 15 InRials:
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<br />Form 3028 1/01
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