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�0�1054�9
<br />As a resutt of these agr�ments, Lender, any purchaser of the Note, another insurer, any reinsurer,
<br />any other entity, or any affliate of any of the foregoing, may receive (directly or indire�tly) amou�tc that
<br />derive from (or might be characterized as} a portion of Borrower' s payments far Mortgage Insurance, in
<br />exchange for sharing or modifying the mortgage insurer' s risk, or reducing losses. If such agi�ement
<br />provides that an affiliate of Lender takes a shaze of the insurer' s risk in exchange far a shaze of the
<br />premiums paid to the �n.c��er, the arrangement is often termad "captive reinsurance." Further:
<br />(a) Any snch agreements wIll not affect the amonnts that Borrower h�s agreed to pay for
<br />Mortgage Insarance, or any other terms of the Loan. Snch agreements wlll not increase the �mount
<br />Borrower w�ill owe for Mortgage Insur�nce, and they will not entitle Borrower to any refnnd.
<br />(b) Any snch agreements wiill not affect the rights Borrower has - if any - with resgect to the
<br />Mortgage Insnrance nnder the Homeowners Protect3on Act of 1998 or anq other law. These rights
<br />may inclnde the right to receive certain disclosures, to reqnest and obtain cancellafalon of the
<br />Mortgage Insnrance, to have the Mortgage Insurance termin�ted antomatically, and/or to receive a
<br />refund of any Mortgage Insurance prem�tums that were nnearn� at the 13me of snch cancella�on or
<br />termination
<br />11. Assignment of Miscellaneons Proceeds; Forfeitare. All Miscellaneous Pra�eds ate hereby
<br />assigned to and shall be paid to Lender.
<br />If the Progeriy is damaged, such Miscellaneous Proceeds shall be applied to restoration or re�air of
<br />the Propexty, if the restoration or repair is economically feasible and Lender' s seramty is not le�ened
<br />During such repair and restoration period, Lender shall have the right to hold such Miscellan�us Proce�s
<br />until I.ender has had an opgartunity to inspe�t such Property to ensure the wark has been completed to
<br />Lender' s satisfaction, provide�i 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 agreennent is made in writing or Applicable Law requires interest to be paid on such
<br />Miscellan�us Procceds, Lender shall not be requirefl to pay Borrower any interest or earnings on such
<br />Miscellaneous Proceeds. If the restoration or repair is not �onomically feasible or Lender' s security would
<br />be lessened, the Miccelta�,eous Procee3s sball be applie3 to the sums secured by this Security Instcument,
<br />whether or not then due, with the excess, if any, paid to Bonower. 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 Properly, the Miscellen�us
<br />Proceeds sha11 be applierl to the sums se�ured by this Security Inshvment, whether or not then due, 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 wluch the fair market
<br />value of the Property immediately before the partial taking, destruction, or loss in value is equal to or
<br />greater than the amount of the sums secured by tlus Security Instrument immediately before the partial
<br />taking, destruction, or loss in value, unless Borrower and Lender otherwise agre,e in writing, the sums
<br />secitted by this Security Instcvment sl�all be reriuced by the amount of the Miscellaneous Proceeds
<br />multiplierl by the following ft�action: (a) the total amount of the smns secure� immadiately before the
<br />partial taking, destruction, or loss in value divided bY (b) the fair market value of the Property
<br />immediately before the pmrtial taking, de.4truction, or loss in value. Auy balance shall be paid 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, ar loss in value is less than the
<br />aznount of the sums secured immediately before the partial taking, destruction, or loss in value, unless
<br />Bonower and Lender otherwise agrce in writing, the Miscellan�us Proceeris sha11 be applied to the sums
<br />secured by this Security Instrument whether or not the sums are then due.
<br />If the Property is abandonerl by Borrower, or if, after notice by Lender to Borrower that the
<br />Opposing Party (as defined in the next sentence) offers to make an awazd to settle a claim for dmmages,
<br />Bonower fails to respond to Lende� within 30 da.ys after the date the notice is gi�en, Lender is authorized
<br />to collect and apply the Misc�llaneaus Proceeds either to restoration or repair of the Property or to the
<br />sums secured by this Security Instrument, whether ar not then due. "Opposing Party" means the third party
<br />that owes Borrower Miscellan�us Proceeds or the party against whom Borrower has a right of action in
<br />regard to Miscellaneous Proceeds.
<br />Bonower shall be in default if any action or proceeding, whether civil or criminal, is begun that, in
<br />Lender's judgment, could re.sult in forfeitare of the Properly or other material imgairment of I.ender's
<br />interest in the Property or rights under this Security Instrumen� Borrower c�n cure such a default and, if
<br />acceleration has occurred, reinstate as provided in Section 19, by causing the action or proceerling to be
<br />2200142286 D o�
<br />NEBRASKA - Singie Family - Fannle Mae/Freddle Mac UNIFORM INSTRUMENT WITH MERS
<br />�-6A(NEa �oet o) Paga 8 of 16 w�ai�,��!� Fonn 3028 7/U1
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