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2011447��
<br />As a result of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer,
<br />any other entity, or any aff'�liate of siry of the foregoing, may receive (directly ar indirecfly) amounts that
<br />derive from (or might be characterized as) a portion of Borrower's payments for Mortgage Insurance, 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 ta.kes a share of the insvrer's risk in exchange for a share of the
<br />premiums paid to the insurer, the amangement is often termed "captive reinsurance." Further:
<br />(a) Any such agreements will not affect the amonnts that Borrower has agreed to pay for
<br />Martgage Insurance, or any other terms of the Loan. Such agreements will not increase the amount
<br />Bonrower will owe for Mortgage Insurance, and they will not entitle Borrower to any refwnd.
<br />(b) Any such agreements will not affect the rights Borrower has - if any - with respect to the
<br />Mortgage Insurance nnder the Homeowners Protection Act of 1998 or any ather law. These rights
<br />may inclnde the right to receive certain disclosur�, to request and obtain cancellation of the
<br />Mortgage Insurance, to have the Mortgage Insurance terminated sutomatically, and/or to receive a
<br />refund of any Mortgage Insurance premiums that �vere unearned at the time of such cancellation or
<br />termination.
<br />11. Assignment of Niiscellaneaus Proceeds; Forfeitnre. All Miscellaneous Proceeds aze hereby
<br />assigned to and 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 Properky, if the restora.tion 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 apportunity to inspect such Property to ensure the work has been completed to
<br />Lender's satisfaction, pravided that such inspection shall be undertaken promptly. I.ender ma.y 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 agzeement is made in writing or Applicable La.w requires interest to be paid on such
<br />Miscellaneous Praceeds, Lender 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 Lendez'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 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 lass in value of the Property, the Miscellaneous
<br />Proceeds shall be applied to the sums secured by this Security Instivment, whether or not then dne, with
<br />the excess, if any, paid to Borrower.
<br />In the event of a partial taking, destruction, or loss in value of the Property in which the fair market
<br />value of the Progeriy immediately before the partial taking, destruction, or loss in value is equal to or
<br />grea.ter than the amount of the sums secured by this Security Instrument immediately before 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 reduced by the amount of the Miscellaneous Proceeds
<br />multiplied by the following fraction: (a) the total amount of the sums secured immediately before the
<br />partia.l taking, destruction, 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 be paid to Borrower.
<br />In the event of a partial taking, destruction, or loss in value of the Property in which the fair market
<br />value of the Property immedia,tely before the partial taking, destruction, or loss in value is less than the
<br />amount of the sums secured immediately before tbe 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 Property is abandoned by Borrower, or if, after notice by Lender to Borrower tt�at the
<br />Opposing Party (as defined in the next sentence) offers to make an award 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 Properiy or to the
<br />sums secured by this Security Instrument, whether or not then due. "Opposing Party" means the third party
<br />that owes Borrower Miscellaneous Proceeds or the parly against whom Borrower has a right of action in
<br />regard 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 forfeiture of the Properly or other material impairment of Lender's
<br />interest in the Progerty or rights under this Security Instrument. Borrower can cure such a default and, if
<br />NEBRASKA - Single Family - Fennie Me�/Freddie Mac UNIFORM INSTRUMEIYT
<br />�-6(NE) toa� n Paga B of 16 in�ais: Form 3028 1JQ1
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