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<br />As a result of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer,
<br />any other entity, or any af�`iliate of any of the foregoing, may receive (directly oz indirectly) amounts that
<br />derive from (or might be characterized as) a portion of Borrower's payments for Mortgage Insurance, in
<br />�change for sharing or modifying the mortgage insurer` s risk, or reducing losses. If such agreemetrt
<br />provides that an affiliate af Lender takes a share of the insurer's risk in exchange for a shaze of the
<br />p�emiums paid to the insurer, tb.e arrangement is often terme3 "captive reinsurance." Further:
<br />(a) Any snch agreements will not affert the amounts that Borrower has agreed to pay for
<br />Mortga;e Insnrance, or anp other tern►s of the Loan. Such agreements will not �ncrease the amoant
<br />Borrower will owe for Mortgage Insnrance, and the� will not entitle Borrower to any refand.
<br />(b) Any suc� agreements will not affect the nghts 8orrower has - if any - wtth respect to the
<br />Mortgage Insurance nnder the Homeowners Protection Act of 1998 or any other law. These rights
<br />may inciude tha right to receive certain disclosures, to reqnest and obtaia cancellation of the
<br />Mortgage Insurance, to have the Mortgage Insnrance terminsted a�omatirally, and/or to receYve a
<br />refund of any Mortgage Insurance preminms that were wnearned at tlie time of snch canceIIatiou or
<br />terminatian.
<br />11. Assignment of Miscellaneous Proceeds; Forfeitare. All Miscellan�us Proceeds are hereby
<br />assigned ta and shall be paid to Lender.
<br />If the Property is damaged, such Miscell�aeous Proceeds shall be applied to restoration or repair of
<br />the Property, if the restozation or repair is economically feas�'ble ffid Lender's security is not lessened.
<br />During such repair �d restoration period, Lender shall have the right to hold such Miscellaneous Proceeds
<br />vaait Lender has had an oppoztunity to inspect such Properiy to ensure the work has been completed to
<br />Lender's satisfaction, provided thaC such inspecrion shall be undertaken promptly. Lender may pay for the
<br />repairs and restrn�ation in a single disburseme�t or in a series of progr�ss paymeats as the work is
<br />completed. Unless an agreement is made in writing or Applicable Law requtres interest to be paid on such
<br />Miscellaneous Proc�et1s, Lender shall not be required to pay Bonrower any interest or eaznings on such
<br />Niiscellaneous Proce�ds. If the restoration or repair is not economic�lly feasible or Lender's secuzity would
<br />be lessened, the Miscellaneous Proceeds shall be applied to the sums secured by this Seaaity Instrument,
<br />wheth�r or aot then due, with the excess, if aaY, Paid to Barrower. Such Miscellaaeous Proceeds shall be
<br />applied in the ozder provided for ia Section 2.
<br />Ia the event of a total taking, destruction, or loss in value of the Properly, the Miscellaneous
<br />Proceeds shali be applie.�i to the sums se,e�ued by this Security Instcument, whether oz not t�aen due, with
<br />the excess, if auy, paid to Borrower.
<br />In the event of a partiai taking, destruction, or loss zn value of the Properiy in wiuch the fair mazket
<br />vaiue of the Property immediately before the partial takzng, destruction, or loss in value is equal to or
<br />greater tlian the amount af the sunns secured by this Security Instr�ment iaimediately before the par4ial
<br />taking, destruction, or loss in value, unless Borrower and Lender oth�rwise agree in vvriring, the sums
<br />secured by this Security Instrument shall be reduced by the amouni of the Miscellaneous Proceeds
<br />multiplied by the follawiag fraction: (a) the total arnount of the sums secured immediately be£ore the
<br />partial taking, destruction, or loss in value divided by (b) the fair mazket value of the Property
<br />immed'aately before the partial taking, destruction, or loss in value. Azty balance shall be �aid to Borrower.
<br />Ia the event of a pamal taking, destruction, or loss in value of the Property in wluch the faur market
<br />vatue of the Property immediately befare the paztial taking, de,struction, or Ioss in value is less t3ian the
<br />amo�m# of the sums secured immediately before the partial taldng, deshuction, or loss in value, unless
<br />�rrower and Lender otb.erwise agree in writing, the Miscelleneous Procee8s s�Zall be applied to the sums
<br />se�red by this Security Instrument whethez or not the sums are then due.
<br />If the Praperiy is abandoned by �rrower, or if, aRer notice by Lender to Borrower that the
<br />(3pposing Pazty (as defined in the next sentence) offexs to make an award to settle a claim for damages,
<br />Borrower fails to respond ta L,ender within 30 days after the date the notice is given, Lender is authorizal
<br />to collect and apply the Miscellaneous 1'roceeds either w restoration or repair of the Property or to the
<br />sums secured by this �curity Inst�vment, whether or not then due. "Opposing Party" means the third par�.y
<br />that owes Bonawer Miscellaneous Proceeds or the party ag�nst 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 tlaat, in
<br />Lender's juc3gment, could result in forfeiture of the Property or other material impaument of Lendez's
<br />interest in. the Property or ri�hLs under this Security Instrum�t. Borrower c�n cure such a d�fault and, if
<br />acceleration has occuired, reinstate as provided in Section 19, by c�ausin� the action or proceeding to be
<br />2200149668 D V6ANE
<br />N�RASKA - Singie family - Fannle Mae/Freddie Mac UIdIFORM INSTRUM6dT WCT ����
<br />�-6A(NE} tos�ot Pege 8 of 1S ��y�� 4�L ,r�, Fom1302$ 1/01
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