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<br />As a re.4ult of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurar,
<br />any other entity, or any a�'iliate of any of the foregoing, may r�eive (directly or indire�tly) amowrts that
<br />derive from (or might be characterized as) a portion of Boaower's payments for Mortgage �nsurance, in
<br />exchange far sbaring or modifying the mortgage insurer' s risk, or reducing losses. If such agre�ment
<br />provides that an affiliate of Lender tskes a share of the insurer° s risk in e�cchange for a share of the
<br />premiums paid to the insurer, the arrangement is o$en termed "captive remsurance." Further:
<br />(a) Any sach agr�ments will not affed the amoanta that Borrower has �greed to pay for
<br />Mortgage Tnsarance, or any other terms of the Loan. Snch agreements wiII not �tncrease the amount
<br />Borrower wiII owe for Mortgage Insurance, and they will not enf3tle Borrower to any refund.
<br />(b) Any snch agreements w1ll not affect the rights Borrower has - if any - with r�ped to the
<br />Mortgage Insurance under the Hom�wners Protextion Act of 1998 or any other law. These rlghts
<br />may include the rlght to receive certain disclosnres, to reqnest and obtain cancelladon of the
<br />Mortgage Insurance, to have the Mortgage Insarance terminat� �ntomatically, and/or to reaxfve a
<br />refund of any 1Vlortgage Insurance preminms that were nnearned at the time of snch cancellation or
<br />term9nation
<br />11. As�lgnment of Miscellan�ns Proc�ds; Forfeitare. All Miscellan�us Proceeds ara hereby
<br />assigned to aad sha11 be paid to Lender.
<br />If the Progeriy is damaged, such Miscellaneous Proc�ds shall be applied to restoration or repair of
<br />the Properiy, if the restoration or repair is e�onomically feasible and Lender' s seeurity is not lessenad.
<br />During such repair and restoration period, Lend� shall hava the right to hold such 1Vtiscellaneous Proceads
<br />until Lender has had an opporhmity to inspect such Property to ensura the work has been completed to
<br />Lender's satisfaction, provided that such inspection shall ba undertaken PromPtlY. I,ender may Pa3' 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 agrcement is made in writiug or Applic�ble Iaw requires intere,st to be paid on such
<br />Miscellaneous Prace�s, Lender shall not be requirerl to pay B�rower any interest or eamings on such
<br />Miscellaneous Proceeds. If the restoration or repair is not economic�lly feavble or Lender' s security would
<br />be less�ed, the Miscxllan�us Proceeds shall be applied to the sums secured by this S�urity Instrument,
<br />whether or not the� due, vvith the e�cess, if any, Paid to Borrower. Such Miscellaneaus Procceds shall be
<br />applied in the order provided far in Section 2.
<br />In tha event of a total taking, destruction, or loss in value of the Property, tha Miscellaneous
<br />Proceeds shall be applied to the sums se�ure� by this Security Instntment, whether ar not then due, with
<br />the excess, if any, Paid to Bonower.
<br />In the eve� of a partial taking, de.struction, or loss in value of the Property in wluch the fair markex
<br />value of the Progeriy imane�iately before tha partial talQng, des�ruckion, ar loss in value is equal to or
<br />greater than the amount of the swns securefl by this Security Tn�,�„en immediately before the partial
<br />taking, destruction, or loss in value, unless Borrower and I.ender otherwise agr� in writing, tbe sunns
<br />se�ured by this Security Instrument sha11 be reduced by the amount of the Misc�llan�us Proc�eds
<br />multiplied by the following fraction: (a) the total amouut of the sums se�nrerl immediately before the
<br />partial t�aking, desttuction, or loss in valua divided bY (b) the fair market value of the Properly
<br />immediately befora the partial taking, de.st�uction, or loss in value. Anny balance shall be �aid to Bortower.
<br />Tn the event of a pa�rtial taking, destruction, ar loss in value of the Property in wluch the fair merket
<br />value of the Praperty immediately before tha partial taking, destruction, or loss in value is le.ss than the
<br />amount of the sums se,cured immediately before the pazhal tal�►g, destruction, or loss in value, unless
<br />Borrower and Lender otherwise agree in writing, the Miscellan�us Proceeds shall be applie� to the sums
<br />se,cured by this Security Instnrment 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 defined in the next sentence) offers to make an awazd to settle a claim for damagea,
<br />Horrower fails to respond to Lender within 30 days after the date the notice is given, Lender is authorized
<br />to collect and apply the Miscellaneous Proc�eds either to restoration or repair of the Property or to the
<br />sums s�ured by this Se�►uity Instcument, whether or not then due. "Opposing Party" means the third party
<br />that owes Borrower Miscellaneous Proceeds or the party against whom Borrower has a right of action in
<br />regard to Miscellaneous Pracceds.
<br />Borrower shall be in default if any action or proc�ding, whether civil or criminal, is begim tbat, in
<br />Lmder's judgment, could result in forfeiture of the Property or other material impairment of Lender's
<br />interest in the Properiy or rights under this Security Inshumen� Borrower can cure such a default and, if
<br />acceleration l�as occurred, reinstate as provided in Section 19, by causing the action or proc�ing to be
<br />2200194778 D v6�NE
<br />NEBRASKA - Single Family - Fannle Mae/Freddle Mac UNIFORM INSTRUMENT WIT M�
<br />�-6A(Nq laeio) PeBa 8 of 16 i �s: Form 3028 1/07
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