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201�0707�
<br />As a result of these agreements, Lender, m�y purchaser of the Note, another insurer, �y reinsurer,
<br />any other entity, or any a�liate of any of the foregoing, may receive (directly or indirectly) amow�ts that
<br />derive from (or might be characterized as) a portion of Bonower's payments for Mortgage Insuranc�, in
<br />exchange for sharing ar modifying the mortgage insurer' s risk, or reducing losses, ff such agreement
<br />provides that an affiliate of Lend� takes a shaze of the insurer' s risk in exchange for a shaz�e of the
<br />premiums paid to the insurer, the arrangement is often termed "captive reinsurance." Further:
<br />(a) Any sach agrcementa wIll not affect the amonnts that Borrower has agreai to pay for
<br />Mortgage Insnrance, ar any other terma of the Loan. Snch agreements w�ll not 3ncrease the amonnt
<br />Borrower will owe for Mortgage Insurance, and they will not entitle Borrower to any refnnd.
<br />(b) Any snch agreements w3ll not affext the rights Borrower has - if any - with respect to the
<br />Mortgage Insw�uce under the Homeowners Protect�ton Act of 1998 or any other Iaw. These rights
<br />m�y inclnde the right to receive certain disclosnres, to reqnest and obta�n cancellation of the
<br />Mortgage Insurance, to have the Mortgage Insnrance terminated automatically, and/or to receive �
<br />refund of any Mortgage Insnrance preminms that were unearned at the time of snch cancellabion or
<br />termination.
<br />11. Assignment of Miscellaneons Proceeds; Forfeitnre. All Miscellaneous Proceeds are hereby
<br />assigned to and sha11 be paid to Lender.
<br />If the Properiy is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of
<br />the Property, if the restoration or repair is �onomically feasible and Lender' s security is not lessened
<br />During such repair and restoration period, Lender shall have the right to hold such Miscellaneous Proce,eds
<br />until Lender has had an opportunity to insp�:t such Property to ensure the work has been completai to
<br />Lender' s satisfaction, provided that such inspection shall be undertaken promptly. Ixnder 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 agreement is made in writing or Applicable Law re�uires interest to be paid on such
<br />Miscellaneous Praceeds, Lender shall not be renuirerl to pay Borrower any interest or earnings on such
<br />Miscellaneous Prac�eds. If the restora.tion or repair is not economically feasible or Lender' s security would
<br />be lessened, the Miscellaneous Proceeads sl�all be applied to the swns se�cur� by this Security Inshiament,
<br />whether or not then due, with the excess, if any, paid to Brnrower. S�zch Miscellan�us Proceer3s shall be
<br />applied in the order provided for in Section 2,
<br />In the event of a total taking, ciestruction, or loss in value of the Property, the MiscellAneous
<br />Proceeds shall be applied to the sutns s�ured by this Se�urity Ins�trument, whether or not then due, witb
<br />the exc�ss, if any, paid to Borrower.
<br />In the event of a partial talcing, destruction, or loss in value of the Property in which the fair market
<br />value of the Property immediately before the partial taking, destrudion, or loss in value is e�ual to or
<br />greater than the amount of the si.uns se,cured by this Security Instrument immediately before the partial
<br />taking, destruction, or loss in value, unless Bonower and Lender otherwise agree in writing, the sums
<br />se,cured by this Security Instrument shall be reduced by the �nount of the Miscellaneous Proceeds
<br />multiplied by the following fraction: (a) the total amount of the sums se�ured ima�ne�ia�tely before the
<br />partial taking, destnuetion, or loss in value divided by (b) the fair market value of the Property
<br />immediately before the pariial talcing, destruction, or loss in value. Auy balance sha11 be paid to Borrower.
<br />In the event of a partial talflng, destructian, or loss in value of the Property in wluch the fair market
<br />value of the Properiy immediately before the partial taking, destruction, or loss in value is less than the
<br />amount of the sums secured unmediately before the partial taking, destiuction, or loss in value, unless
<br />Borrower �d Lender otherwise agree in writing, the Miscellan�us Proceeds shall be applierl to the sums
<br />secured by this Security Instrument whether or not the sums are then due.
<br />If the Properiy is abandone�i by Borrower, or if, after natice by Lender to Borrower thax the
<br />Opposing Pariy (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 d$te the notice is given, Lender is authorized
<br />to colle,ct and apply the Miscellan�us Proceeds either to restoration or repair of tbe Property or to the
<br />sums secured by ttris Security Instrument, whether or nat then due. "Opposing Party means the third Party
<br />that owes Bonower Miscellaneous Proceeds or the pariy against whom Bonower has a right of action in
<br />regard to Miscellaneous Proceeds.
<br />Borrower shall be in default if any action or proceeding, whether civil or criminal, is beg�m that, in
<br />Lender's judgment, could result in forfeiture af the Property or other material impairment of Lender's
<br />interest in the Property or rights under this Security rn�m,*nen�. Horrower can cure such a default at►d, if
<br />acceleration has occurre�, reinstate as provided in Section 19, by causing the action or proc�ing to be
<br />2200173281 n v6�
<br />NFBRASKA - Single Family - Fannle Mae/Freddle Mac UNIFORM INSTRUMFM WRH MFRS r
<br />�-6A(NE� roa� o) �¢� s or � s in�n�ta��1"l� Farm 3028 1101
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