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<br />Mortgage Insurers evaluate their total risk on a11 such insurance in force from time to time, and may
<br />enter into ageements with other parties that share or modify their risk, or reduce losses. These agreernents are on
<br />terms and conditions that are satisfactory #o the mortgage inswer and the oth�r party (ar parties) to these
<br />a�reements. These agreements may require the mortgage insurer to make payments using any source af funds
<br />that the mortgaae insurer may have available (which may inclUde funds obtained from Mor#�e Insurance °
<br />premiums).
<br />As a result of these agreements, Lender, any purchaser of the note, another insuret, any reinsurer, any '
<br />other entity, or affiliate of any of the fore�oin�, may receive (directly or indirectly) amounts that derive fram {or
<br />might be charaeterized as) a portion of Borrower's payments for Mort�a�e insurance, in exchan�e for sharing or
<br />modifyin� ttte mort�age insurer's risk, or ceducin� Iosses. If such agreement provided that an affiliate of Lender
<br />takes a share of the insurer's risk in exchange for a share of the premiums paid to the insurer, the arranrement is
<br />aften termed "captive reinsurance:' �urther:
<br />(a) Any such agreements will not affeet the amonnts that Borrowcr has agreed to pay for Ntort;age
<br />Ins�rance, or any other terms of the Loan. Such agreements witt not increase the amount Borrawer will
<br />owe for Mortgage Insuraace, and they witl not enEitle Borrower to any refund.
<br />(b) Any such abreements wiil nat affect the r'rghts Borrower has — if any — with respect to the
<br />1Vlortgage Insurance under #he Horneowners Protection Act of 199$ or an� other taw. These rights may
<br />inclnde the right to receeve certain disciosures, to reqnest and obtain cancellation of the Mortgage
<br />Insurance, to have the Mortgage Insurance terminated au#omatically, andlor to receive a refund of an�
<br />Martgage Insnrance prerniums that were unearned at the time ofsuch canceIIation or termination.
<br />31. Ass'rgnment of Miscellaneous Proceeds; Forfeiture. Ail MiscelIaneous Pr�eds are hereby
<br />assigned to and shail be paid to L.ender.
<br />If the Prnperty is damaged, such Miscellaneous Proceeds shall be applied ta restoration or repair o�'the
<br />Property, ifthe restoration or repair is economically feasible and T..ender's se�urity is not lessened DurinB such :
<br />repair and restoration period, Lender shali have tha right to hoid such Miscexlanepus Proceeds until Lender has
<br />had an opporiunity to inspect such Praperry to ensare the work has been completed to Lender's satisfaction, .
<br />provided that such inspectian shail be undectaken promptly. Lender may pay for the repairs and restoration in a
<br />single disbursement or in a series of pro�ress payments as the work is completed. Uniess an agreement is made in
<br />wnting or Applicable Law requires interest to be paid on such Miscellaneous Proceeds, Lendar shall nat be
<br />z�equired to pay Borrower any interest or earnin�s on such Miscel(aneaus Proceeds. If the restoratian or repair is
<br />nat economically feasible ar Lender's security would be lessened, the Miscellaneous Proceeds shall be appiied to
<br />the surns s�ured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower.
<br />Such Miscellaneous Proceeds shall be applied in the order provided for in Section 2.
<br />In the event of a total taking, destruction, or lass in valUe of the Property, the Miscellaneous Proceeds
<br />shatl be applied to the sums secured by this Security Instrumee�t, whethar ar not then due, with the excess, if any,
<br />paid to Borrower.
<br />In the event of a partial takind, destruction, or loss in vaiue afthe Praperty in which the fair market value
<br />of the I'roperry immediately before the partia! taking, destructian, or loss in value �s eyual to ar greater than ihe
<br />amount ofthe sums secured by this Security Insmament immediately before the partial taking, destruc#ion, or loss :
<br />in valae, unless Borrower and r,ender otherwise agree in writing, the sums secured by this Security Inst�wnent
<br />shall be reduaed by the amount of the Miscellaneous Proceeds rnultiplied by the following fraction: (a) the total
<br />amount ofthe sums secured imrnediately before the partial taking, destruction, or loss in value divided by (b) the
<br />fair market value ofthe Property immediately before the partial taking, destruction, or Ioss in vatue. Any balance
<br />shall be paid to $onrowex.
<br />In the event of a partial tal:ing, destruction, or Ioss in value ofthe Property in which the fair �rket value
<br />afthe Froperty immediately before the partial taic.ing, destr�ucrion, ar loss in value is less than the amovnt offihe :
<br />sums secured irnmediateIy before the partial t�i:ing, destruction, or loss in value, unless Bormwer and Lender
<br />atherwise agree in writing, the Miscelfaneous Proceeds shail be appIied to the sums secured by this Security :
<br />Instrument whether or not the sums are then due.
<br />If the Property is abandoned by �orrower, or if, after notice by i,ender to Borrower that the Opposing
<br />Party {as defined in the next sentence) offers to make an award to settle a claim for damages, Borrower fails to
<br />respond to Lender within 3Q days after the date the notice is given, I,ender is authorized to caliect and applythe
<br />Miscellaneous Proceeds eiiher to restoration or repair of the Pmperty or to the sums secwed by #his Security
<br />Instxument, rx+hether ar not then due. "Opposing ParYy" means the third party that owes Botmwer Miscellaneous
<br />Proceeds or the party against whom Borrower has a ri ;ht of action in regard ta Miscellaneous Proceeds.
<br />Borrower shatl be in default if any action ar proceeding, whether civil or criminal, is be�un that, in
<br />Lender's judgment, couid resuit in forfeiture of the Property ar other mater�al impaicment ofLender's interest in
<br />the Property or rights under this Security Instrurr�ent. Borrower can cure such a default and, if acceleration has
<br />ocetured, reinstate as pravided in Sectior� 19, by causing the action or proceeding to be dismissed with a ruling :
<br />that, in T ender's judgmettt, preciudes forfeilure of the Property ar other materiat impairment of �.ender's interest
<br />in the Property or riahts under this Security Cnstrument. The proceeds of any awazd or claim for damages that are
<br />attributable to the impairment of Lender's interest in the Property are hereby assigned and shall be paid to Lender.
<br />Ali Miscellanaous Proceeds that are not appiied ta restoration or repair af the Properiy shail be applied in
<br />the order provided for in Section 2.
<br />12. Sorrower Not Released; lForbearance Sy I.ender Not a Waiver. Extension of the time for .
<br />payment or modification of amortization of t6e sums secured by this Security Instrument granteci by Lender to
<br />Borrower or any Successor in Interest of Borrower shall not operate ta release ttte Iiabilily of Borrower or any :
<br />Successors in Interest of Borrower. Lender shall not be required to commence proceedings a;ainst any Successor
<br />in Intetest of Barrower or to refuse to extend time for payment or otherwise modify amortization of the surns :
<br />secured by this Security Instrument by reason of any demand made by the ori� na1 Borrower or any Successors in
<br />Tnterest ofBorrower. Any farbearance by Lender in exercisin� any right or remedy including, without limitation,
<br />Lender's acceptance of payments from third persons, entities or Successors in Interest of Barrower or in :
<br />amounts tess than the amaunt then due, shall not be a waiver of or preclude the exercise of any right or remedy.
<br />13. 3'oint and Several Liability; Co-signers; Successors and Assigns Sonnd. Borrower covenants
<br />an@ a;rees that Bonawer's obliDations and liability shall be joint and severaI. However, any Barrower who aa :
<br />si�s this Security Insttument b�t does not execute the Note (a "co-sianer"): {a} is acr-sigrting this Security
<br />Instrumant onty to mortgage, �rant and convey the co-si;ner's interest in the Praper�y under the tarn� of this
<br />5ecurity Instrument; {b) is nat personaliy obligated to pay the sums secured by this Secur�ty Insirument; and (c)
<br />a�•rees that I.ender and any other Borrower can agree to extend, modify, forbear or make any accomrnodations �
<br />with re�ard to the tezms o�this 5ecurity Instrument or the Note without the casigner's consent.
<br />NEBRASKA—Single Fam7y—Fannie MarlFreddie Mac UNi�'�RM INSTRUMENT (MERS) Fvrm 3D281/Ol (page 6 of 9 pagesJ
<br />12439.CV {9/] I) 430010250G Crcativc Thinking, 7ae.
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