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2U1108353
<br />As a result af the� agreements, Le,nder, any purchaser of the Note, auother insurer, a�y reins�ucx,
<br />any other entity, ar a�y affiliate of any of the faregoing, may receive (directly ar indirectly) �mo�ts that
<br />derive from (or might be characterized as) a portion of Bonower's payments for Mortgage Ins�u�, in
<br />exchange far sharing or modifying the mcsrtgage insurer's risk, or reducing losses. If such agrae�nent
<br />provides tl� an affiliate of Le�der takes a sh�e of the insurer' s risk in aschange for a sh�e of the
<br />premiums paid to the insurer, the arrangement is often termed "captive reinsurance." Further:
<br />(a) .Any sach agreements will not affect the amounts that Borrower has agreed to psy for
<br />Mortgage Tnsurance, or any other terms of the Loan. 5nch agreements will not increase the �ouat
<br />Borrower wjll owe for Mortgage Insnrance, �ad the� will not entitle Borrower to any refnnd.
<br />(6) Any sueh agreements wIll not affect the nghts Borrower has - if any - with respect bo t�
<br />Mortgage Tnsnrance under the Homeowners Protection Act of 1998 or sny other [aw. These dgh�as
<br />may incinde the right to receive certain disciosures, to request and obtaia caacellatian af the
<br />Mortgage Insnranc� to have the Mortgage Insuraace terminated antomatically, and/or to ra�ive a
<br />refund of any Mortgage Insurance preminms that were unearned at the dme of snch cancellsSoa ar
<br />termination.
<br />11. As�i�nment of Miscellaneous Procceds; Forfeitnre. All Miscellaneous Proceeds are heacby
<br />assigned to and shall be paid to Lender.
<br />If tl�e Propexty is da�naged, such Miscellaneous Proceeds shall be applied to restoration or repair of
<br />the Property, if the restaration or repair is economically feasible and Lender's security is not leasenad.
<br />�n8 such r�Pair and r�oration period, Lender shall have the right to hold such Miscellaneous Proc�eds
<br />until Lender has had an opPortunit3' �o inSPect such Property to ensure the work has b� completed to
<br />Lendet's satisfaction, provided that such inspectio�n shall be undertaken pram�tly. Lender �y pay f+�r 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 ar Applicable Law requires int�est to be paid ont such
<br />Miscellaneous Ptoceeds, Lender shall not be required to pay Borrower any interest ar earnings on such
<br />Miscellan�vs Proaaeds. If the restoration ar repair is not economically feasible or I.ender' s security would
<br />be less�ed, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Inst�mn�tt,
<br />whether or not then du�, with the excess, if any, paid to Bonower. S�ch Miscellaneous Proceads ahall be
<br />applied in the order provided for in Section 2.
<br />In the event of a total taking, de,shruction, or loss in value of the Property, the Miscella�neous
<br />Proceeds shall be applied to the sums se�urefl by this Security Instrument, whether or not then due, with
<br />the eacc;ess, if any, paid to Borrower.
<br />In the event of a parhat taking, destruction, or loss in value of the Prope�ty in which the fair m�ket
<br />vatue of the Property immediately before the partial talcing, destruction, ar loss in value is equal to or
<br />greater than the amount of the sums secured by this Seci�rity Instrument immediately before the p�artial
<br />tal�ng, dest�vction, or loss in value, unless Borrower and Lender otherwise agree in writing, the s�ms
<br />secured by this Security Instrument shall be reflucefl by the amount of the Miscell�eous Prac,eads
<br />multiplied by the following fi�action: (a) the total aznount af the sums sea�red immediately befare tha
<br />partial taking, destnxction, or loss in value dividerl bY (b) the fair market value of th� Ptoperty
<br />immediately befare the partial taldng, deshuction, or loss in value. Auny balance shall be paid to Ba�rowe,�'.
<br />In the event of a partial taking, destruction, or loss in value of the Property in wluch the fair market
<br />value of the Property immediately before the partial taking, destr�ction, or loss in value is less than the
<br />a�nunt of the sums secured immediately before the paztial taking, deshuction, or loss in va1�, untess
<br />Bonower �d Lender otherwise agrce in writing, the Miscellaneous Proceads shall be applied to the su�ms
<br />secured by tbis Security Instrument whether or not the sums are then due.
<br />I£ the Property is abandoned by Borrower, ar if, after notice by Lender to Borrower tha# the
<br />Opposin� Patty (as defineci in the next sentence) offers to make an award to settle a claim for da�mages,
<br />Borrower fails to respand to Lender within 30 days after the date the notice is given, Le�nder is airthorized
<br />to collect and apply the Miscellaneaus Proc�eds either to restoration or repair of the Property or to the
<br />sums seivred by this Security Instrument, whether or not then due. "Opposing Farty" means the thi�sd party
<br />that owes Borrower Miscellaneous Proceeds or the party against whom Bonower has a right of actia� in
<br />regard to Miscellaneous Procceds.
<br />Borrower shall be in default if any ackion or procee3ing, whether civil or c�iminal, is Uegun tfiat, in
<br />Lender's judgment, could result in forfeiture of the Property or other materiat impairment of Len�'s
<br />interest in the Properiy or rights under tt►is Securiry InsMunent. Borrower ean cure such a default and, if
<br />acceleration has occurred, reinstate as provided in Section 19, by causing the action or proceeding to be
<br />2200173107 D V6A1TE
<br />NEBRA$KA - Single Family - Fannle MaefFreddte Mac UNIWRM 1NSTRUMENT WITH MOi,S
<br />�-�A�NE' (0810) Pape 9 of 15 �nro�s: �.�, _ Fonn 3028 1/01
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