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<br />�01105964
<br />2o�i�i9s�
<br />As a result of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer,
<br />any other entiry, or any affiliate of any of the foregoing, may rer;eive (directly or indir�tly) amounts that
<br />derive from (or might be characterized as) a portion of Borrower's payments fflr Mortgage Insurance, in
<br />exchange for sharing or modifying the mortgage insurer's risk, or reducing losses. If such agr�ment
<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 "caprive reinsurance." Further:
<br />(a) Any such agreements will not affect the amounts that Borrower has agrced 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 rights Borrower has - if any - with resp�t to the
<br />Mortgage Insurance under the Homeowners Protection Act of 1998 or any other law. These rights
<br />may include the right to receive certain disclosures, to request and obtain cancellation of the
<br />Mortgage Insurance, to have the Mortgage Insurance terminated automatically, and/or to r�eive a
<br />refund of any Mortgage Insurance premiums that were unearned at the time of such cancellation or
<br />termination.
<br />il. Assignment of MisceIlaneous Proc�eds; Forfeiture. All Miscellaneaus Proceeds are hereby
<br />assigned to and shall be paid to L.ender.
<br />If the Property is damaged, such Miscellaneous Procceds shall be applied to restoration � repaar af
<br />the Property, if the restoration or repair is econoxnically feasible and i.�nder's s�urity is uot i�.ssened.
<br />During such repair and restorarion period, Lender shall have the right to hold such Miscellaneaus i'rar.�ds
<br />until Lender has had an opportunity to inspect such Property to ensure the work has been complete� to
<br />Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may pay for �e
<br />repairs and restoration in a single disbursement or in a series of progress payments as the work is
<br />completed. Unless an agr�ment is made in writing or Applicable Law requires interest to be paid on such
<br />Miscellaneous Procce�s, Lender shall not be required to pay Bonower any interest or earnings on such
<br />Miscellan�us 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 s�ured by this Securiry 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 providefl for in Section 2.
<br />Tn the event of a total taking, destruction, or loss in value of the Property, the Miscellaneous
<br />Procceds shall be appliefl to the sums secured by this Se,curity Instrument, whether or not then due, with
<br />the excess, if any, pai� to Borrower.
<br />In the event of a partial taking, destrucrion, or loss in value of the Property in which the fair market
<br />value of the Properiy immediately before the partial taking, destrucdon, or loss in value is equal to or
<br />greater than the amount of the sums secured by this Security Instrument immediately before the partial
<br />taking, destruction, or loss in value, unless Borrower and Lender otherwise agree in writing, dse sums
<br />secured by this S�urity Instrument shall be reduced by the amount of the Miscellan�us Prooeeds
<br />mulriplied by the following fraction: (a) the total amount of the sums s�ured immediately before the
<br />partial taking, destruction, or loss in value divided by (b) the fair market value of ��
<br />immediately before the partial taldng, destruction, or loss in value. Anny 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 ���et
<br />value of the `�'roperly imme�iately �efore the partial taking, destruction, or loss in value is 1� ��,e
<br />amount of the sums secured immediately before the partial taking, destruction, or loss in va��;, aa��
<br />Bonower and L.ender otherwise agre� in writing, the Miscellan�us Proc.eeds shall be applied to �e �
<br />secured by this Security Instrament whether or not the sums are then due.
<br />If the Property is abandoned by Bc�rrower, or if, after notice by Lender to Bonower thai 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 se,cured by this Security Instrument, whether or not then due. "Opposing Pariy" 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 proce�ding, whether civil or criminal, is begun that, in
<br />Lender's judgment, could result in forfeiture of the Property or other material impairment of Lender's
<br />interest in the Progerly or rights under this Security Instn�ment. Borrower can cure such a default and, if
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM 1111STRUMENT
<br />�-6(NE) roai �i Page 9 of 15 Initials: Form 3028 7/01
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