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�0110559�
<br />As a result of these agreements, Lender, any purchaser of We Note, another insurer, any reinsurer,
<br />any other entity, or any affiliate of any of We foregoing, may receive (directly or 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 af�iliate of Lender 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 reinsurance." Further:
<br />(a) Any such agreements will not affe�t the amounts that Borrower has agreed to pay for
<br />Mortgage Insurance, or any other terms of the Loan. Such agreements will not increase the amount
<br />Borrower will owe for Mortgage Insurance, and theY will not entitle Borrower to any refund.
<br />(b) Any such agreements will not affect the nghts Borrower has - if any - vrnth respect to the
<br />Mortgage Insurance under the Homeowners Prote,ction Act of 1998 or any other law. These rights
<br />may include the right to rexeive certain disclosures, to request and obtain cancellation of the
<br />Mortgage Insurance, to have the Mortgage Insurance terminat� automatically, and/or to r�eive a
<br />refuad of any Mortga.ge Insurance premiums that were unearned at the time of such c�ncellation or
<br />termination.
<br />11. Assignment of Miscellaneous Proceeda; Forfeiture. All Miscellaneous Proceeds are hereby
<br />assigned to and shall be paid to Lender.
<br />If the Property is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of
<br />We Property, if the restoration or repair is economically feasible and Lender's security is not lessened.
<br />During such repair and restoral3on period, Lender shall have the right to hold such Miscellaneous Proceeds
<br />until Lender has had an opporiunity to inspect such Property to ensure the work has been completed to
<br />Lender's satisfaction, provided that such inspecflon shall be undertaken prompfly. Lender may pay for We
<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 9nterest to be paid on such
<br />Miscellaneous Proceeds, Lender shall not be required to pay Borrower any interest or eamings on such
<br />Miscellaneous Proceeds. If the restoration or repair is not economically feasible or Lender'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. Such Miscellaneous Proceeds shall be
<br />applied in the order provided for in Secflon 2.
<br />In the event of a total taking, destruction, or loss in value of the Property, the Miscellaneous
<br />Proceeds shall be applied to the sums secured 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, destrucflon, or loss in value of the Property in wlrich the fair market
<br />value of the Property immediately before the partial taking, destrucflon, or loss in value is equal to or
<br />greater than the amount of the sums secured by this Security Instrument immediately before the partlal
<br />taking, destruction, or loss in value, unless Borrower and Lender otherwise agree in writing, the sums
<br />secured by this Security Inshvtnent shall be reduced by the amount of the Miscellaneous Proceeds
<br />mulflplied by the following fraction: (a) the total amount of the sums secured immediately before the
<br />partial taking, deslruction, or loss in value divided by @) the fair market value of the Property
<br />immediately 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 We Property in wluch the fair market
<br />value of the Properly immediately before the partial taking, destrucflon, or loss in value is less than the
<br />amount of the sums secured immediately hefore the parflal 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 t6e sums are then due.
<br />If the Properly is abandoned by Borrower, or if, after notice by Lender to Borrower that the
<br />Opposing Party (as de8ned in the nelct sentence) offers to make an award to settle a claim for damages,
<br />Bonower 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 Securily Instrument, whether or not then due. "Opposing Party" means the third party
<br />that owes Borrower Miscellaneous Proceeds or the party 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 Property or other material impaiiment of Lender's
<br />interest in the Property or rights under this Security Instrument. Borrower can cure such a default and, if
<br />acceleration has occurred, reinstate as provided in Section 19, by causing the acHon or proceeding to be
<br />001122599096 Citibank 3.2.48.15 V2
<br />N�RASKA - Single Family - Fannle Mae/Freddie Mac UIdIFORM INSTRUMENT WITH M92S
<br />�y'D��A(Nq �os�o� Page 8 of 75 ir,n�ais: ¢ Form 3028 1/01
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