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<br />As a result of these agreements, Lender, any purchaser of the Note, attother insurer, any reinsurer,
<br />any other entity, or any affiliate of any of the foregoing, may receive (directly or indirectly) amounts that
<br />derive from (or might he 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 affiliate of Lendez 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 zeinsurance." Further:
<br />(a) Any such agreements will not affect the amounts that Borrower has agrced to pay for
<br />Mortgage Insurance, or any other terms of the Loan. Such agreements will not increase the amonnt
<br />Borrower will owe for Mortgage Insurance, and the� will not entitle Borrower to any refund.
<br />(b) Any such agreements will not affect the rights Borrower has - if any - with respect to the
<br />Mortgage Insurance under the Homeowners Prot�tion 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 terminated automatically, and/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. Assigament of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Procesds are hereby
<br />assigned to and shall be paid to Lender.
<br />If the Properly is damaged, such Miscellaneous Proc�ds shall be applied to restoratian or repair of
<br />the Properry, 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 right to hold such Miscellaneous Proceefls
<br />until Lender has had an opportunity to inspect such Property to ensure the work has been completed to
<br />Lender's satisfacrion, provided that such insp�tion 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 agre;e�nent is made in writing or A�pplicable Law requires interest to be paid on such
<br />Miscellaneous Proceeds, Lender shall not be required to pay Bonower any interest or earnings on such
<br />Miscellaneous Ptocceds. If the restoration or repair is not economically feasible or I.ender'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 Bonower. 5uch Miscellaneous Proce�ds 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 Properry, the Miscellan�us
<br />Proceeds shall be applie�i to the sums s�ural by this Security Instrument, whether or not then due, with
<br />the excess, if any, paid to Borrower.
<br />In the event of a partial taking, destrucrion, or loss in value of the Property in which the fair market
<br />value of the Properly immediately before the partial taking, destrucrion, or loss in value is equal to or
<br />gzeater than the amount of the sums secured by this Security Instrument imtne�iiately before the partial
<br />taking, destruction, or loss in value, unless Bonower and L�nder otherwise agree in writing, the sums
<br />s�ured by this S�urity Instrument sha11 be reduced by the amount of the Miscellan�us Proceeds
<br />mulriplied by the following fraction: (a) the total amount of the sunns se,cured immediately before the
<br />partial taking, destrucrion, or loss in value divided by (b) the fair market value of the Properiy
<br />immediately before the partial taking, destruction, or loss in value. Anny balanc� shall be �aid to Bonower.
<br />In the event of a partial taking, destruction, or loss in value of the Properry in wluch the fair market
<br />value of the Property immediately before the partial taldng, d�tntction, or loss in value is l�s than ihe
<br />amount of the sums s�ur�i immediately before the partial taking, destcuction, or loss in value, unless
<br />Borrower and Lender otherwise agree in writing, the Miscellan�us Praceeds shall be applieri to the sums
<br />secured by this S�urity Instrument whether or not the sums aze then due.
<br />If the Property is abandoned by Bonower, or if, after notice by Lender to Borrower that the
<br />Opposing Party (as defined in the next sentence) offers to make an award to settle a claim for dama.ges,
<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 Instrument, whether or not then due. "Opposing Party" means the third party
<br />that owes Bonower Miscellanwus Proceeds or the parly against whom Borrower has a right of action in
<br />regard to Miscellaneaus Proceeds.
<br />Borrower shall be in default if any action or proceeding, whether civil or eriminal, is begun that, in
<br />Lender's judgment, could result in forfeiture of the Property or other material im�pairment of Lender's
<br />interest in the Property or rights under this Security Instrument. Bonower can cure such a default and, if
<br />IVEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT r
<br />�-6(NE) (os� a1 Page 9 af 15 i���s: �` Form 3028 1/07
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