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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 affiliate of any of the foregoing, may receive (directly or indir�tly) amounts that
<br />derive from (or might be characterized as) a portion of Bonower'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 affiliate of Lender takes a shue of the insurer's risk in exchange for a shaze of the
<br />premiums paid to the insurer, the arrangement is often termed "captive reinsurance." Further:
<br />(a) Any such agrcements will not affect 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 the� will not entitle Borrower to any refund.
<br />(6) Any such agreements will not affe.ct the rights Borrower has - if any - with respect to the
<br />Mortgage Insurance under the Homeowners Prot�tion 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 receive a
<br />refund of any Mortgage Insurance premiums that were unearned at the time of such cancellation or
<br />termination.
<br />11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Procceds are hereby
<br />assigned to and shall be paid to Lender.
<br />If the Property is damaged, such Miscellaneous Proceeds shall be applied to restorarion or repair of
<br />the Property, if the restoration or repair is economically feasible and Lender's s�urity is not lessened.
<br />During such repair and restoration period, Lender sha11 have the right to hold such Miscellaneous Proc.eeds
<br />until Lender has had an opporlunity to insp�t such Property to ensure the work has been completed to
<br />Lender's satisfaction, provided that such inspection shall 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 agr�ment is made in writing or Applicable Law requires interest to be paid on such
<br />Miscellaneous Procceds, Lender shall not be required to pay Bonower any interest or earnings 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 s�ured by this 5ecurity Instrument,
<br />whether or not then due, with the excess, if any, paid to Bonower. Such Miscellan�us Proceeds shall be
<br />applied in the order provided for in Section 2.
<br />In the event of a total taking, destruction, or loss in value of the Property, the Miscellan�us
<br />Proceeds shall be applied to the sums s�ured 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, destruction, or loss in value of the Property in which the fair market
<br />value of the Progerty immediately before the partial taking, destruction, or loss in value is �ual to or
<br />greater than the amount of the sums s�urefl by this Se,curity Instrument immediately before the partial
<br />taking, destruction, or loss in value, unless Bonower and Lender otherwise agree in writing, the sums
<br />secured by this Security Instrument shall be reduced by the amount of the Miscellan�us Proceeds
<br />multiplied by the following fraction: (a) the total amount of the sums secured immediately before the
<br />partial taking, destrucrion, or loss in value divided by (b) the fair market value of the Property
<br />immerliately before the partial taking, destrucrion, or loss in value. Aiy balance shall be�aid to Borrower.
<br />In the event of a partial taking, destruction, or loss in value of the Progeriy in wluch the fair market
<br />value of the Property immediately Uefore the partial taking, destruction, or loss in value is less than the
<br />amount of the sums secured immediately before the partial taking, destrucrion, or loss in value, unless
<br />Bonower and Lender othervvise agree in writing, the Miscellaneous Proceeds shall be applied to the sums
<br />secured by this Securiry Instrument whether or not the sums aze then due.
<br />If the Property is abandoned by Bonower, or if, after notice by Lender to Bonower that the
<br />Opposing Party (as definerl in the next sentence) offers to make an awazd 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 Miscellan�us Prar.eeds either to restoration or repair of the Property or to the
<br />sums secured by this Security Instrument, whether or not then due. "Opposing Party" means the third party
<br />that owes Bonower Miscellaneous Proceeds or the party against whom Borrower has a right of action in
<br />regard to Miscellaneous Praceeds.
<br />Bonower shall be in default if any acrion or proceeding, 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 Property or rights under this Security Instrument. Borrower can cure such a default and, if
<br />NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT �
<br />�-6(NE) 10811) Page9 of 1b i Form 3028 1/07
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