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20110499�
<br />As a result of these agre�ments, Lender, any purchaser of the Note, another insurer, any reinsurer,
<br />any other entity, or any affiliate of any of the foregoing, may receive (dir�tly or indir�tly) amounts that
<br />derive from (or might be characterized as) a portion of Bonower' 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 Lender takes a share of the insurer's risk in exchange for a share of the
<br />preiniums paid to the insurer, the arrangement is often termed "captive reinsurance. " Further:
<br />(a) Any such agreements will not affect the amounts tlut Borrower has agreed to pay for
<br />Mortgage Inswance, or any other terms of the Loan Such agreements will not increase the amount
<br />Borrower will owe for Mortgage Insur�nce, and they will not entifle Borrower to any refund.
<br />(b) Any such agreements will not affect the nghts Borrower has - if any - with respect to the
<br />Mortgage Insur�nce under the Homeowners Protection Act of 1998 or any other law. These rights
<br />may include the right to r�eive certain disclosures, to request and obtain cancellation of the
<br />Mortgage Insurance, to have the Mortgage Insurance terminated automatically, and/or to rexeive a
<br />refund of any Mortgage Insurance premiums thttt were unearned at the dme of such cancellation or
<br />termination.
<br />11. Assignment of Miscellaneous Proceeds; ForFeiture. All Miscellaneous Proceeds are hereby
<br />assigned to and sha11 be paid to Lender.
<br />If the Property is damaged, such Miscellaneous Proceeds sha11 be applied to restoration or repair of
<br />the Property, if the restoration or repair is economically feasible and Lender's security is not lesseneci.
<br />During such repair and restoration period, Lender shall have the right to hold such Miscellan�us Proceeds
<br />until Lender has had an opporiunity to inspect such Properly to ensure the work has been completed 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 Proceeds, Lender sha11 not be required to pay Bonower any interest or earnings on such
<br />Miscellaneous Proceeds. If the restoration or repair is not economically feasible or Lender's s�urity would
<br />be lessened, the Miscellaneous Proceeds sha11 be applied to the sums secur� 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 Progeriy, the Miscellaneous
<br />Proceeds shall 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 partial taking, destruction, or loss in value of the Property in wluch the fair market
<br />value of the Property immediately before the partial taking, destrucrion, or loss in value is equal to or
<br />greater than the amount of the sums secured by this Security Instrument imrnediately before the partial
<br />taking, destnaction, or loss in value, unless Bonower and Lender otherwise agree in writing, the sutns
<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 befare the
<br />partial taking, destruction, or loss in value divided by (b) the fair market value of the Property
<br />immaiiately before the partial taking, destruction, or loss in value. Any balance shall be �aid to Borrower.
<br />In the event of a partial taking, destruction, or loss in value of the Property in wluch the fair market
<br />value of the Property immediately before the partial taking, destruction, or loss in value is less than the
<br />amount of the sums secured immediately before the partial taking, destruction, or loss in value, unless
<br />Borrower and Lender otherwise agree in writing, the Miscellaneous Procceds shall be appli� to the sums
<br />secured by this Security Instsvment whether or not the sums aze then due.
<br />If the Properiy is abandoned by Borrower, or if, after notice by Lender to Bonower that 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 Property or to the
<br />sums secured by this Security Instrument, whether or not then due. "Opposing Pariy" means the third party
<br />thal owes Bonower Miscellaneous Proceeds or the party against whom Bonower has a right of action in
<br />regard to Miscellaneous Proce�ds.
<br />Borrower sha11 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 Properiy or other material impairment of Lender's
<br />interest in the Property or rights under this Security Instrument. Bonower can cure such a default and, if
<br />acceleration has occurred, reinstate as provided in Section 19, by causing the action or proceeding to be
<br />11-05-000103
<br />NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORNI INSTRUMENT WITH �IERS
<br />�-6A(NE) (oe�o) Page9 of 15 �nitia�s: � Form 3028 1101
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