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201106�0�
<br />As a result of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer,
<br />any other entity, ar any aff'�liate of any of the foregoing, may receive (directly or indirecfly) amounts that
<br />derive from (or might be characterizcd as) a portion of Borrower's payments for Mortgage Insurance, in
<br />excha.nge for sharing or modifying the mortgage insurer's risk, or reducing losses. If such agreement
<br />provides that an aff'iliate of Lender takes a shaze of the insurer's risk in exchange for a share of the
<br />premiums paid to the insurer, the arrangement is often termed "capdve reinsurance." Further:
<br />(a) Any such agreements will not affect the amounts that Borrower has agreed to pay for
<br />Mortgage Insurance, or any other terms of the Loan. Snch agr�ments wiIl not increase the amount
<br />Bonrower wilI owe for Mortgage Insurance, and they witl not entitle Borrower to �ny refnud.
<br />(b) Any snch agreements will not affect the rights Borrower has - if any - with respect 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 Tnsurance, to have the Mortgage Insurance terminated automatically, and/or to recei�ve a
<br />refund of any Mortgage Insuranee premiums thaY were unearned at the fame of snch cancellation or
<br />termination.
<br />11. Assignment of Miscellaneous Proceeds; Forfeitnre. All Miscellaneous Proceeds are hereby
<br />assi$ned to and shall be paid to Lender.
<br />If the Praperty is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of
<br />the Properly, if the restoration or repair is economically feasible and Lender's security is not lessened.
<br />During such repair and restoration period, Lender shall have the right to hold such Miscellaneous Proceeds
<br />until Lender ha.s had an opporlunity to inspect such Properiy to ensure the work has been completed to
<br />Lender's satisfaction, provided tha.t such inspection sha11 be undertaken promptly. Lender ma,y 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 agreement is ma.de in writing or Applicable Law requires interest to be paid on such
<br />Miscellaneous Proceeds, Lender shall not be required to pay Borrower 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 secured by this Security Instrument,
<br />whether or not then due, with the excess, if azry, paid to Borrower. Such Miscellaneous Proceeds shall be
<br />applied in the order provided for in Section 2.
<br />In fhe event of a total taking, destruction, or loss in value of the Property, the Miscellaneous
<br />Proceeds shall be applied to the sums secured by this Security Insirument, whether or not then due, with
<br />the excess, if any, paid to Borrower.
<br />In the event of a partial taking, destruction, or Ioss in value of the Property in which the fair market
<br />value of the Property immediately hefore the partial taking, destruction, 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, deshuction, or loss in value, unless Borrower and Lender otherwise agree in writing, the sums
<br />secured by this Security Instrument shall be reduced by the amount of the Miscellaneaus Proceeds
<br />multiplied by the following fra.ction: (a) the total amount of the sums secured immediately before the
<br />partial taking, deshvction, or loss in value divided by (b) the fair market value of the Properiy
<br />immediately before the partial taking, destruction, or loss in value. Any balance shall Ue paid to Borrower.
<br />In the event of a partial taking, desiruction, or loss in value of the Property in wluch the fair market
<br />value of the Properly immediately before the partial taking, destruction, or loss in value is less than the
<br />amount of Lhe sums secured immediately Uefore the partial taking, destruction, or loss in value, unless
<br />Borrower and Lender otherwise agree in writing, the Miscellaneous Proceeds shall be applied to the sums
<br />secured by this Security Instrument whether or not the sums are fhen due.
<br />If the Froperty is abandoned by Borrower, or if, after notice by Lender to Bonower that the
<br />Opposing Party (as defined in the ne�ct sentence) offers to make an award to settle a claim for damages,
<br />Borrower fails to respond to Lender within 30 da.ys after the date the notice is given, Lender is authorized
<br />to collect and apply the Miscellaneous Pzoceeds either to restoration or repair of the Properly or to the
<br />sums secured by this Security Instrument, whether or not then due. "Opgosing Party" means the third party
<br />that owes Bonower Miscellaneous Proceeds or the pariy against whom Borrower has a right of action in
<br />regard ta Miscellaneous Proceeds.
<br />Borrower shall be in default if any action or proceeding, whefher civil or criminal, is begun that, in
<br />Lender's judgment, could result in forfeiture of the Properiy or other material impairment of Lender's
<br />interest in the Property or rights under this Security Instrument. Bonower can cure such a default and, if
<br />NEBRASKA - Single Family - Fannie Mee/Freddie Mac UNIFORM INSTRUMENT
<br />� �oe�i� Page9ot16 ir,reei8:�� Form 3028 1/01
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