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20��0��1�
<br />As a re,gult of these agre�ments, Lend�, any purchaser of the Note, another insurer, any reinsur�r,
<br />any other entity, or any affiliate of any of the foregoing, may receive (directly or indire�tly) amrnmt� that
<br />derive from (or might be characterized as) a portion of Bonower's payments for Martgage Ins�uance, in
<br />exchange for sh�ring ar modifying the mortgage insurer' s risk, ar reflucing losses. If such agrcement
<br />pro`+ides that an ai�iliate of Lender tak� a shaze of the insurer' s risk in exchange for a share of the
<br />pr�eniwms paid to the insurer, the azrangement is often te�►ed "captive reinswrance." Further:
<br />(a) Any sach agr�ments w�ill not affect the amounts that Borrower ha� agre,ed to pay for
<br />1l�Iortgage Insuranc� or aay otLer terms of the Loan. Snch agreements will not �increase the amo�t
<br />Borrower will owe for Mortgage Insnrance, and they will not entitle Borrower to any refnnd.
<br />(b) Any snch agreements w�ill not affect the rights Borrower has -�if any - with r�pect to the
<br />1Vlortgage Insarance under the Homeowaera Protechlon Act of 1998 or any other law. The� rights
<br />ffiay inclnde the right to receive certafn disclosures, to reqnest and obta�n cancellal3on of the
<br />Mortgage Insnrance, to h�ve the Mortgage Insurance termfnated �ntomatically, and/or to receive a
<br />refand of any Mortgage Insnrance pa�emi�s that were nn�rned at the dme of snch cancellation or
<br />tea�utnal3on.
<br />llo Asdgnment of Miscellaneons Pro�ds; Forfeiture. All Miscellaneous Praceeds are hereby
<br />assigned to and shall be paid to Lender.
<br />If the Property is dannaged, such Miscellan�us ProceEds shall be applied to restoration or repair of
<br />the Pxoperty, if the restoration or xepair is economically feasible and Lender' s security is not 1�.
<br />During such repair and restoration period, Lende� shall hava the right to hold such Miscellan�us Proc�s
<br />witil Lender has had an opportunity to inspeet such Property to ensure the work bas been completed to
<br />I.ender' s satisfaction, provided tbat such inspection shall be undertaken promptlY• ��' �Y PaY for the
<br />repairs and restoration in a single dislsursement or in a seri� of progress payments as the wark is
<br />�leted. Unl�s an agreement is made in writing or Applic�ble Law requires interext to be paid on such
<br />Miscellaneous Procceds, Lender shall not be required to pay Horrower any interest or earnings an such
<br />Miscellaneous Proc�ds. If the restoration or repair is not economic�lly feasible or L�dea's s�urity would
<br />be lessened, the Miscellan�us Proceeds shall be applied to the sums s� by this Security Ins�ment,
<br />whether or not then due, with tha excess, if any, Paid to Borrower. Such Miscellaneous Procee�s shall be
<br />applied in the order provided for in Se�tion 2.
<br />In the eveirt of a total taking, de.�truction, or loss in value of the Property, the Miscellaneous
<br />Proceads shall be applied to the sums secured by this Security Instr�mdent, whether or not thm due, with
<br />the excegs, if any, Paid to Bonower.
<br />In the event of a partial taking, desteuction, or loss in value of the Property in which the fair market
<br />value of the Property imme�iatelg► before tha partial talQng, d�truction, or loss in value is equal to or
<br />gr�ter than the amount of the sums s�,vred by this 5ecurity Instrument immadiately before the paztial
<br />ta�ing, destruction, or loss in value, unless Borrower and Lender otherwise agree in writing, the sums
<br />securefl by this Security Inshvment shall be reducefl by the amount of the Miscellan�us Procee�s
<br />multiplied by the following fraction: (a) the total amount of the sums sacined immediately before the
<br />paafial taking, destruckion, or loss in valua divided bY (b) the fair market value of the Praperiy
<br />immediately before the partial taking, de,�tauction, or loss in value. Auy balanca shall be �aid to Borrower.
<br />In the event of a partial taking, destruction, or loss �n value of the Property in wluch the fair market
<br />valuc of the Property immediately before the partial talcing, destruction, or loss in value is less than the
<br />amount of the sums s�ured immediately before the paztial tal�ng, destruckion, ar loss in value, unless
<br />Borrower and Lender otherwise agree in writing, the Miscellan�us Pracee�s sl�all be applied to the sums
<br />sec� by this Se+curity Instrument �vhether or not the sums ara then due.
<br />If the Property is ab�donad by Borrower, or if, after notice by Lender to Bonower that the
<br />Opposing Party (as defined in the next sentence) offers t� make an award to settle a claim for damages,
<br />Borrower fails to respond to Lender within 30 days after the date the notice is given, I.ender is authorized
<br />to collect and apply the Miscellan�us Procee�s either to restoration or repair of the Properiy or to the
<br />sums se�ured by this Security Instntment, whether or not then due. "Opposing Party" me.ans the third pariy
<br />that owes Bosower Miscellan�us Proceods or the party against whom Boaower has a right of ackion in
<br />regard to Misc;ellan�us Proceeds.
<br />Borrower shall be in default if any action or proc�ing, whether civil or criminal, is begun that, in
<br />Lender's judgment, could result in forfeitura of the Property or other material impairment of I.endet's
<br />interest in the Property or rights under this Security Instrumen� Bonower c�n cure such a default and, if
<br />aaxlerarion has occurred, reinstate as pxovided in Section 19, by c�using the action or proceeding to be
<br />2200198794 n v6�
<br />NEBRASKA - Single Family - Fannle Mae/Fr�dle Mac UNIFORM INSTRUMENT WITH.�Y FRS
<br />(�-6A(NE� (oe� 01 �e s ot � s tr,wa�°� M.12 - Form 3028 1/07
<br />� �, �. � �
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