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<br />pay the premiums required to maintain Mortgage Insurance in effect, ar to provide a non-refundable Ioss
<br />reserve, tmtil Lender's requirement for Mortgage Insurance ends in accordance with any writ�en agreement
<br />between Boaower and Lender providing for such termivarion or until terniination is required by Applicable
<br />Law. Nothing in this Section 10 affects Borrower's obligaiion to pay interest at the rate provided in the Note.
<br />Mortgage Insurance reimburses Lender (or any entity that purchases the Note) far certain Iosses it may
<br />incwr if Borrower does not repay the L. oan as agreed. Borrower is not a pariy to the Mortgage Insurance.
<br />Mortgage msurers evaluate their total risk on a11 such iasurance in fores from time to tim�, and may enter
<br />into agreements with other parties that shaxe or modify their risk, or reduce losses. These agreements are on
<br />terms and conditions that are satisfactory to the mortgage insurer and the other party (or parties} to these
<br />agreements. These agreements may require the mortgage iresurer to make payments using any source of funds
<br />that the mortgage insurer may have available (which may iaclude funils obtained from Mortgage Insurance
<br />Premiums)• .
<br />As a result af these agreements, Lender, any purchaser of the Note, another insurer, any xeinsurer, any
<br />other eniaty, or any affiliste of any of the foregoing, ma.y receive {direcfly or indirectly) amounts that derive
<br />from {or might be chazacterized as} a portion of Borrower's payments for Mortgage Insurance, in exchange. for
<br />sh�ing or modifying the mortgage insurer's risk, or reduaing losses. If such agreement provides that an
<br />afCliate of Lender takes a share of the insurer's risk in exchange for a share of the premuums paid to the
<br />insuxer, the axxangement is often termed "captive reinsurance." Further: �
<br />(a) Amy suc6 agreements wiIl not affect the amounts that Borrower has agreed to pay for Mortgage
<br />Insnrance, or any other terms of the Loan. Such agreements wil! not increase the amount �orrower will
<br />owe for MaMgage Insurance, and they will not entitIe Borrower to any refund.
<br />(b) Any sach agreemeats will not affect the rYghts �orrower has - if any -�►vith respect to the
<br />Mortgage Insarance auder the Homeo�vners Protection Act of 1998 or any other� law. The.ce rights may
<br />inclade the right to receive certain disclosnre.s, to request �nd obtain cancellation of the Mortgage
<br />�usurance, to have Ehe Mortgage Insarance terminated automatical{y, and/or to receive a refund of any
<br />Mortgage Insurance premiums that were unearned at the time of sueh cancellatiou or termination.
<br />11. Assignment of Miscellane�us Pr�ceeds; Forfeitur� All Miscellaneous Prooeeds are hereby assignect
<br />to and shall be paid to Lender.
<br />If the Froperty is damaged, such Miscellaneous Proceeds sha11 be applied to restoration or repair of the
<br />Property, if the restoration or rapair is econamically feasible and Lender's security is not lessened. During
<br />such repair and restoration period, Lender shall ha.ve the right to hold such Miscellatteous Proceeds until
<br />Lender has had an opportunity to inspact such Property to ensure the work has been complefied to Lender's
<br />satisfaction, provided that such iuspection shall be undertaken promptly. Lender may pay for the repairs and
<br />restoration in a single disbursement or in a series of progress payments as the work is completed. . Unless an
<br />agre�ment is made in wrifing or Applicable Law requires interest to be paid on such Miscellaneous Proceeds,
<br />Lender shall not be required to pay �orrower any interest or earnings on such Miscellaneous Proceeds. If the
<br />restaration or repa,ir is not economically feasible or Lender"s security would be Zessened, the Miscellaaeous
<br />Proceeds shall be applied to the sums secured by this Security Ins�Crument, whether or not then due, vdith the
<br />excess, if any, paid to Borrower. Snch Miscellaneous Proceeds sha11 be applied in the order provided for in
<br />Section 2.
<br />Tn the event of a total taldng, destruction, ar loss in value of the Properly, the MisceIIaneous Proceeds
<br />sha11 be applied ta the sums secured by this Security Instrument, whetlier or not then due, wifh the excess, if
<br />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 value
<br />of the Property immediately before the partiai talcing, destruction, or loss ia value is equal to or greater tham
<br />the aznount of tlie sums secured by this Security Instivment immediately befora the partial taking, destruction,
<br />or loss in value, unless Bozrower aud Lender otherwise agree in writing, the sums secUred by this Security
<br />Instrumeni shall be redu�ed by the amount af the M'iscellaneous Proceeds multiplied by the following fractian:
<br />(a) the total amount of the sums secured immediately before the partial tal�g, deslruction, or loss in value
<br />divided by (t�) the fair market value of ihe Property irnmediately before the partial taking, destru.ctian, or Ioss
<br />in value. Any balance sha11 be paid to Bonrower.
<br />In the event of a partial #aking, destruction, or loss in value o£ the Property in which the fair market vaIue
<br />of the Property immedia�eIy before the partial taking, destruction, or loss in value is less than the amount of
<br />the sums secured immed°aately before the partial taking; destruction, or loss in value, unless Bonrower and
<br />Lender otherwise agree i� writing, the Miscellaneous Froceeds shall be applied to the sums secured by this
<br />NEBRASKA- Sing� Family - FannieMae/EreddieMac UNIFORM INSTRUMHNT .
<br />Fortn 30281101
<br />Laser Fortns Inc, (800} 448 �,/ /f / V
<br />�i�vn�o2e n�2 Pa9�$ of 13 Inidats: F� f��`
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