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<br />As a result of these agreements, Lender, any purchaser of the Note, another insurer, any remsure,�,
<br />any other entity, or any affiliate of any of the foregoing, may receive (directly or indire�tly) aznourts that
<br />derive from (or might be characterized as) a portion of Borrower' s payments for Mortgage Insurance, in
<br />�change far sharing or modifying the m,ortgage insurer' s risk, or reducing losses. If such agrcement
<br />provides that an affiliate of Lender tak� a shaze of the insurer' s risk in �change for a share of the
<br />premiums paid to the insurer, the airangement is often termed "captive reinsurance." Further:
<br />(a) Any sach agreements will not affect the amounts that Borrower has agreed to pay for
<br />1Vlortgage Tnsnrance, or any other terms of the Loan. Such agreemen� will not increase the amo�t
<br />Borrower will owe for Mortgage Insnrance, and they will not entitle Borrower to aay refnnd.
<br />(b) Any snch agreements w�till not affe.ct the rights Borrower h�a - if any - with tesp�t to the
<br />Mortgage �naurance nnder the Homeowners Protection Act of 1998 or any other law. These rIghts
<br />may inclnde the right to receive certain disclosures, to request and obtain cancella�ton of the
<br />Mortgage Insnrance, to have the Mortgage �nsurance terminat�l antomatically, and/or to rec�ive a
<br />refnnd of any Mortgage Insnrance preminms that were unearn� at the 13me of such cancellation or
<br />terminatlon
<br />11. Assignment of Miscellaneons Proceeds; Forfeitare. All Miscellanteous Proceeds are hereby
<br />assigned to and shall 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 ar repair is economically feasible and I,ender' s security is not less�ed
<br />During such repair and restoration period, Lender ahall have the right to hold such Miscellan�us Pracee�s
<br />until Lender has had an opportunity to inspe�t such Property to ensure the work has been completed to
<br />Lender' s sstisfaction, provided that such inspection shall be undertaken promptly. Lender 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 ar Applicable Law raquires interest to be paid an such
<br />Miscellaneous Proceeds, Lender shall not be required to pay Borrower any interest or earnings an such
<br />Miscellan�us Proc�eds. If the restoration or repair is not ec;onomically feasible or Lender' s security would
<br />be lessened, the Miscellaneous Proceeds shall be applied to the sums secured by this Secnrity Instmm�e�,
<br />whether or not then due, with the excess, if any, paid to Borrower. Such Miscellan�us Proceeris shall be
<br />applied in the order provided for in Section 2.
<br />In the event of a total taking, destruction, or loss in value of the Property, the Miscellaneous
<br />Praceeds shall be applied to the sums secured by this Security Instcvment, whether or not then due, with
<br />the excess, if 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
<br />value of the Property immediately before the partial taking, destruction, or loss in value is e�ual to or
<br />greater thau the amount of the sums secared by this S�urity Instrument immediately before the parkial
<br />taking, destruction, or loss in value, unless Borrower and Lender othervvise agree in writing, the sums
<br />s�ured by this Security Instrument shall be reduced by the amount of the Miscellan�us Proceeds
<br />multiplied by the following fraction: (a) the total amount of the sums secured ianne�iiately before the
<br />partial taking, destruction, or loss in value divided by (b) the fair mazket value of the Praperty
<br />immediately before the partial taking, destruction, ar loss in value. A�y balance shall be �aid to Bortower.
<br />In the event of a partial taking, destruction, or loss in value of the Properiy in wluch the fair market
<br />value of the Property immediately before the partial taking, destruction, or loss in value is less than the
<br />amount of the sums secured immediately before the partial taking, destruction, ar loss in value, unless
<br />Borrower and Lender otherwise agree in writing, the Miscellaneous Proceeds shall be applied to the sums
<br />s�ured by this Sacurity Instrument whether or not the sums are then due.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the
<br />Opposing Party (as define3 in the next sentence) offers to make an awazd to settle a claim for damages,
<br />Borrower fails to respond to Lender within 30 days after the date the notice is give�, Lender is sirthorized
<br />to colle,ct and apply the Miscellan�us Procee3s either to restoration or repair of the Property or to the
<br />sums secured by this Security Instrument, whether or not then due. "Opposing Party" means the third par�y
<br />that owes Borrower Miscellan�us Procceds or the party against whom Horrower has a right of action in
<br />regazd to Miscellaneaus Proceeds.
<br />Borrower shall he in default if any action or procee�ing, whether civil or criminal, is beg�m that, in
<br />Lender's judgment, could result in forfeiture of the Property or other material impairment of Lender's
<br />interest in the Property or rigt�ts under this Security Instrument. Borrower r,an 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 />2200196725 D V6ANE
<br />NESRASKA - Singte Family - Fannle Mae/Freddle Mac UNIFORM INSTRUMENT WITH M
<br />�-6A(NE� �oe�o1 Page 8 of 15 ir,�e�e: � Form 3028 1/01
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