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20�1056��
<br />As a re,4ult of these agteements, Lender, any purchaser of the Note, another insurer, any reinsuret,
<br />any other entity, or any affiliate of any of the foregoing, may r�eive (directly or indire�tly) 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 r�ucing 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 />premiums paid to the insurer, the arrangement is often termed "captive reinsurance." Further:
<br />(a) Any snch agr�ments w�ll not affect the amonnts that Borrower has agrced to pay for
<br />Mortgage Insnrance, or any other terms of the Loan. 5uch agreements wIll not increase the amonnt
<br />Borrower wIll owe for Mortgage Insurance, and the� will not enl3tle Borrower to any refand.
<br />(b) Any snch agreements w�1ll not affect the nghts Borrower has - if any - w�th respect to the
<br />Mortgage Insnrance under the Homeowaers Protection Act of 1998 or any other law. These rights
<br />may inclnde the right to receive certain disclosnres, to reqnest and obta3n cancellation of the
<br />Mortgage Insnrance, to have the Mortgage Insnrance terminat� antomatically, and/or to recefve �
<br />refnnd of any Mortgage Insarance preminms that were unearned at the time of snch cancell�tion or
<br />term9nation.
<br />11. Assignment of Miscellan�ns Proceeda; Forfe�tnre. All Miscellaneous Proceeds are hereby
<br />assigned to and shall be paid to Lender.
<br />If the Progerty is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of
<br />the Property, if the restoration or repair is economically feasible and Lender' s sec�mty is not lessened.
<br />During such repair and restoration period, Lender shall have the right to hold such Miscellan�us Proc�ds
<br />until Lender has had an opporhmity to inspec:t such Property to ensure the work has been completed to
<br />Lender' s satisfaction, provided that such inspection sha11 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 agreemeat is made in writing or Applicable Law re�uires interest to be paid on such
<br />Miscellaneous Proceeds, Lender shall not be requireri to pay Borrower any interest or earnings on such
<br />Miscellaneous Proc�ds. If the restoration or repair is not ec;onomically fe,asible or Lender' s security would
<br />be lessened, the Miscellaneous Procee�is shall be applieri to the sums secured by this Security Instrument,
<br />whether or not then due, with the excxss, if any, paid to Bonower. Such Miscell�us Proceeds sha11 be
<br />applied in the arder provided for in Section Z.
<br />In the event of a total taking, destruction, or loss in value of the Properiy, the Miscellaneous
<br />Proceeds shall be applie� to the sums s�ure� by this Security Instrument, whether or not then due, with
<br />the e�ccess, if any, paid to Borrower.
<br />In the event of a partial taking, destruction, or loss in value of the Properiy in wltich the fair market
<br />value of the Properiy immediately before the partial taking, destruction, or loss in value is equal to or
<br />greater than the amount of the sums s�ured by this S�urity Instrument immediately before the partial
<br />taldng, destruction, or loss in value, unl�s Borrower and Lender otheiwise agr� in writing, the sums
<br />sec,vred by this Security Instrument shall be re�uced by the amount of the Miscellan�us Procxads
<br />multiplied by the following fraction: (a) the total amount of the sums securefl immediately before the
<br />partial taking, destruction, ar loss in value divide� bY N) the fair market value of the Properiy
<br />immediately before the partial taking, destruckion, or loss in value. Anny balance shall be �sid 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 tt� the
<br />amount of the sums se�ured immediately before the partial taking, d�truction, or loss in value, unless
<br />Borrower and Lender otherwise agree in writing, the Miscellaneous Procee�s shall be applied to the sums
<br />se,cured by ttus Se�urity Instrument whether ar not the sums are then due.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Bonower that the
<br />Opposing Party (as define� in the next sentence} offers to make an award to settle a claim for damages,
<br />Borrower fails to re,4pond to Lender within 30 days after the dale the notice is given, I,eader is authorized
<br />to colle,ct and apply the Miscellaneous Procee�s either to restoration ar repair of the Progeriy or to the
<br />swns secured by this Se�urity Instrument, whether ar not then due. "Opposing Party" means the third party
<br />that owes Borrower Misc;ellan�us Proceeds or the party against whom Borrower has a right of acrion in
<br />regard to Miscellaneous Proc�eds.
<br />Borrower shall be in default if any action or proceeding, whether civil or criminal, is begun tbat, in
<br />I,ender's judgment, could re.sult in forfeiture of the Prope�ty or other material impairment of Leader's
<br />Illteiest ill the Pt'opetty oi rights undet this SECUtIty Tn.ain�men Borrower 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 />2200129581 D V6ANE
<br />NEBRASKA - Single Family - Fannle Mae/Freddie Mac UNIFORM INSTRUMENT WR
<br />�-6A(Nq (oatol Paaea o� �s wu�s, " Form 3028 1/01
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