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<br />As a result of these agreemente, Lender, any purchaser of the Note, another insurer, any reinsurer,
<br />any other entity, or any affiliate of any of the foregoing, may receive (directly or indire�tly) amowrts that
<br />derive from (or might be characterized as) a portion of Borrower's payments for Mortgage Insiu�ance, in
<br />exchange for sharing ar modifying the mortgage insurer' s risk, or reducing losses. If such agreem�t
<br />provide.s that an affiliate of L�der takes a shaze of the insurer's risk in exchange for a share of the
<br />premiums paid ta the insurer, the attangement is often termed "captive reinsurance." Further:
<br />(a) Any snch agreemenis w3ll not affect the amonnts that Borrower has agreed to pay for
<br />Mortgage Insnrance, or any other terma of the Loan. Snch agrcements will not increase the amount
<br />Borrower wYll owe for Mortgage Insarance, and they wtll not en�ttle Borrower to any refnnd.
<br />(b) Any snch agreements will not affect the rights Borrower has - if any - with respect to the
<br />Mortgage Insnrance nnder the Homeowners Protecl3on Act of 1998 or any other law. These i3ghts
<br />m�y inclnde the right to receive certain disclosnres, to reqnest and obta3n cancellation of the
<br />Mortgage Insnrance, to have the Mortgage Insurance terminated antomatically, and/or to receive a
<br />refnnd of any Mortgage Inanrance preminms that were nnearned at the time of snch cancellatton or
<br />term9na�ton.
<br />11. As�gnment of Miscellaneons Proceeds; Forfeitare. All Miscellaneous Proceeds are hereby
<br />assigned to and shall be paid to Lender.
<br />If the Properiy is damaged, such Miscellan�us PrQCeeds shall be applied to restoration or repair of
<br />the Properiy, if the restoration ar repair is ec:onomic�lly feasi`ble and Lender' s secairity is not lessened
<br />During such repair and restoratian period, Lender sball have the right to hold such Miscellaneous Proc�s
<br />imtil Lender has }�ad an opporhmity to insper.t such Property to ensare the wark has been completed to
<br />I.ender's satisfaction, provideci that such inspe�tion shall be undertaken promptly. I,ender 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 aa agrcement is made in writing or Applicable Law raquires interest to be paid on such
<br />Miscellaneous Proce,eds, Lender shall not be required to pay Bonower any interest or earnings on such
<br />Miscellaneous Proceeds. If the r�toration or repair is not e�onomically feasible or Lender' s security would
<br />be lessened, the 1vri.�1_lan�us Procee�s shall be applied to the sums secured by this Security Inslr�ment,
<br />whether or not then due, with the excess, if any, Paid to Horrower. Such Misaellan�us Proceeds shall be
<br />applied in the order provided for in Section 2.
<br />In the event of a total taking, de.stcuction, ar loss in value of the Properiy, the Miscellaneous
<br />Praceeds shall be applied to the sums secured by this Security Instrument, whether ar not thm due, with
<br />the e�ccess, if any, Paid to Borrower.
<br />In the event of a gartial taking, destruction, or loss in value of the Property in wluch the fair market
<br />value of the Property immediately before the p�a1 taking, destruction, or loss in value is equal to or
<br />greater than the amount of the sums secured by tUis Security Tn.atn,r,en immediately before the partial
<br />taking, destruction, or loss in value, unless Borrower and I.ender otherwise agree in writing, the sums
<br />secured by this Security Insbnmaent svall be reduce� by the amount of tha Miscellaneous Proceads
<br />multiplied by the following fraction: (a) the total amount of the sums secured immediately before the
<br />partial taking, dest�uction, or loss in value divide� bY (b) the fair market value of the Property
<br />immediately before the partial taking, destruction, or loss in value. Aiy balanc� sha11 be paid to Borrowex.
<br />In the ewent of a partial taking, destruation, or loss in value of the Properiy in wluch the fair market
<br />value of the Property i�iately before the paztial talang, de.gtruction, or loss in value is le,ss than the
<br />ainount of the sums secured immediately befare the paztial taking, deslruction, or loss in value, unless
<br />Borrower and Lender otherwise agree in writing, the Miscellan�us Procee�ls shall be appliefl to the sums
<br />secured by this Se�urity Instrument whether or not the s�ms are then due.
<br />If the Properiy is abandonefl 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 award to setkle a claim for d�ges,
<br />Boirower fails to r�pond to Lender within 30 days after the date the notice is given, I.ender is aukhorized
<br />to colle,ct and apply the Miscellaneaus Proceeds either to restoration or repair of the Property or to the
<br />sums secured by this Security Instnrment, whether or not then due. "Opposing Pa�ty" means tha third party
<br />that owes Boaower Miscellaneous Proceads ar the party against whom Boaower has a right of action in
<br />regard to Miscellan�us Proceeds.
<br />Horrower shall be in default if any action or Proceading, whether civil or criminal, is begun that, in
<br />Lender's judgment, could result in forfeiture of the Property or other material impairment of Lende�'s
<br />interest in tha Property or rights under this Security Instnnmm� Borrower c�n 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 />2200155211 D V6A1�
<br />NEBRASKA - Single Family - Fannle Mae/Freddle Mac UWIFORM INSTRUMENT WRH MFRS
<br />�j-6A(Nq loa�ol PegeB of i6 � ie„� Form 3028 1/01
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