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<br />the premiums required to maintain Mortgage Insurance in effect, or to provide a aon-refundable loss reserve, wntil
<br />Lende�'s reqnirement for Mortgage In.�rrance ends in accordance with any written agreement between Borrower and
<br />Lender providing for such termination or until terminatiom is zeq�ired by A�plicable Law. Nothing in t1�is Section
<br />I O affects Borrower' s ob�igation to pay interest at the rate provide�3 in the Note.
<br />Martgage Insurance reimburses Lender (or any entiiy tha# purch�ses the Note) for eertain losses it may incur
<br />if Bdrrower does not repay the Loan as agreed Bortawer is not a pazty to the Mortgage Insuranc�.
<br />Mortgage insµrers evaluate their total risk on all such insuranc;e in force fram time to time, and may enter into
<br />agreements with ott�er parties th�t share ar modify theiz� zisk, or reduce losses. These agreements are on termsand
<br />�onditions tt�t are satisfactory to the mortgage insnrer �nc� the other party (or parries) to these agreements. These
<br />agrezments may rec�uire the mortgage ibsurer to malce payments using sny saiu�ce of funds that the mortgage insurer
<br />may have available {which may include funds obtained from Mortgage Insurance premi�uns).
<br />.A.s a re�sult of these agreements, L�nder, any purchaser of the Note, another insurer, any reinsu�rer, any other
<br />entity, ar any affiliate of any of the faregoi�g, may receive (direcfly or indirectly) amownts that derive from (or might
<br />be characteri�zed as} a portion of $orrower's gaym�n#s for 1VIortgage Insurance, in e�ccha�nge fqr sharing or modi{'ying
<br />the morCgage insuser' s risk, or reducing losses. If such agreement grovides that an affiliate of Lender fakes a shaze
<br />of the insurer's risk in e�cchange for a share of fhe premiums paifl to the insurer, the arrangement is often termed
<br />, �captive reinsurazace." Further:
<br />(a) Any snch agreements w�l not affect tlae amotiants t3iat Borrower has a�reed to pay for Moztg�ge
<br />Insurance, or any ot3ier terms of the Loan, Snch agireements will not increase the �mount Borrower w�l owe
<br />for Mortgage Insnrance, and they w3Il not entitle Borrower to any refunrl.
<br />(b) Any such agteeznents will not ak�eGt the righis Borrower has - if any - with res�Cct to the Mortgage
<br />Insaranee nnder tb�e Fiomeovnners � AcC of �998 or aby other la�. Th�e righYs may inelnde the right
<br />to recei�ve eertain disclosares, to reqnest and bbtain cance�lation of the Mortgage Tnsnrance, to have the
<br />Mortgage Insurance terminated a►�tomatically, andlor to receive a refund of any Mortg�ge Ins�urance premiems
<br />that were unearned �t the 4inae of snch eancellaiion or terminatinn.
<br />11. Assignment af Miscellaneous Proceeds; �`o'rfeiture. All Miscellaneous Proceeds are hereby assigned tb
<br />and shaI2 be paid to Lender.
<br />If tlie Property is damaged, sueh Miscellanequs Proc�eds shall be agplied to restoration or repair ofthe Property,
<br />if the restoration, or repair is econo�nically fea�ble aud T,ender's security is not le�ned D�tring such repair and
<br />restoration period, Lender s�a1] have the right to hold such Miscellaneaus Pxoceeds until Lender has had an
<br />opportuni4y to inspect such Property to ensure the work has been completed tq Lender's satisfaction, prot�ided that
<br />such inspeelion shall be undertalcen prompfly. Lender may pay for fihe repairs and restoratioz� in a single disbuzsement
<br />or in a series of progress paymen�s as the work is completed. Unless an agreement is made in wrixing or Applieable
<br />La�v requires iu#erest to be paid on such Misc�llaneous Proceeds, Lender sha11 not be required to pay Borrower any
<br />interest or earnings on such Miscellaneous Proeeeds. If Yhe restoralaion or repair is not eeonomically feasible or
<br />Lender' s security wou�ld be lessenec� �thhe DiTiscellaneous Proeeeds shall be appli.ed to the sums secirred by this Security
<br />T.nslrume�t, whether or mot then due, with the exces,s, if any, paid �o Borrower. Such Miscellaneous Proceeds shall
<br />be applied in t�►e order provided for in S�on 2.
<br />In the event of a total tatdn�, destructi on, or Ioss in value of the Property, the Miscellaneous Proceeds s1�a11 be
<br />applied to the sums secured by this Security Instrumen� whether or not then dne, with the excess, if any, paid to
<br />�orrower.
<br />Jn t�e event of a partial taldng, destruciion, or loss in value of the Property in w}uch the fair market value of
<br />the Pzopezty immediately before the pariial taking, destructio�, or loss in value is equal to or greater than the amount
<br />of the sums sec�zred by this Seciuity Instrvment immedia#ely before the partial t�ldng, destrt�ctian, or loss in value,
<br />unless Borrower and Lender ot�erwise agree in writing, the sums secured by this Secua�ity Tnsirument sha11 be reduced
<br />by the amouut of tke 1Vliseellaneous Proceeds multipHed by the follovrmg fractian: (a) the total am.ount of the sums
<br />secured'unmediately before t�he partial taking, destruction, ar. loss it� value cli�ided, by (b) the fair market value of the
<br />Property immediately before the parlial taking, destcuction, or loss in ealne. Any balance shall be paid to Bozxower.
<br />Tn the event of a partial �1dn,g, destavction, oz Zass in 'value of the Property zn which the f�ir market value of
<br />the Property immediately before the partial talfing, destruction, s�r loss in v�1ue is less than the aznount of the sams
<br />secured i�hedi,ately before the pa�rEia1 takin.g, destrricYion, qr loss in valixe, unless Borrower a�ad Lender otherwise
<br />agree in writing, the Miscellaueous Proceeds shY�ll be applied �o the sums secured by t�iis Securzty Tn�ent whether
<br />or not the sums are then due.
<br />If the Properiy is abandoned by Borrower, qr if, after notice by Lepder to Borrower thax the Opposing Party (as
<br />defined in the next sent�nce) o£fers to make an award to settle a olaim for damages, Bonower fails to respond to
<br />Lender within 30 days a1�er the date the notice is given, Lender is authorized ta collect and applq the Miscellaneous
<br />Procee�3s either to restoration or repair of the Praperty or to tlie sums secured by this Security Instrument, whether
<br />or not then due. "Opp�sit►g Party" means the third party that owes Borrower Miscellaneous Pzoceeds or the party
<br />again,sY whom Borrower has a right of action in regard to Miscellaneous Proce.eds.
<br />Borrower sha11 be us default if any ac'tion or groceeding, whether civil oz criminal, is begun tbat, in Lender's
<br />judgment, could result in forfeiture af the Properry ar other material impaument of Lendez's interest nm t}�e Property
<br />or rights under tl�is Security Instrumen� Borrovver can cure such a default aud, if acceleration has occunred, reinstate
<br />as provided in Section 19, by causing the action or proceeding to be dismissed with a ruling fhat, in Lender' s
<br />judgment, precl�es forfeiture of the Froperty or othez material impairme�t of Lender's interest in the Propez'ry or
<br />rig'hts under this Security Instrument The proce�ds of any award or cla.im for damages that are arinb�able to the
<br />iuzpairment of I,ender's interest in the Property are hereby assigned and shall Ue paid to Lender.
<br />All 1Vlisce�laneous Proc��ds fhat are not applied to restoration or repair of the Property sha11'be applied in the
<br />order provided for in SecTion 2.
<br />(dEBRASKA—Sing[e Family—Fani'tie Mae/Fredtlie Mac UNIFORM INSTRUMENT ���
<br />Form 3028 1/01 Page 6 of 11 www.docmByK,mm
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