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20120630� <br />(a) Any snch agrcements wW not affect the amonnts that Borrower has agreed to pay for Mortgage <br />Insurance, or any other terma of the Loan. Snch agrcements will not increase the amonnt <br />Borrower wlll owe for Mortgage Tnsurance, and they will not entftle Borrower to any refnnd. <br />(b) Any such agreements will not affect the rights Borrower has - if any - with resp�t to the <br />Mortgage �nsnrance nnder the Homeowners Protect[on Act of 1998 or any other law. These rights <br />may inclnde the r[ght to receive certafn dYsclosnres, to reqnest and obtain cancellation of the <br />Mortgage Insurance, to have the Mortgage �nsarance termfnated sutomatically, and/or to receive <br />a refnnd of any Mortgage Insarance preminms that were ane,am� at the ttme of sach <br />cancellation or termination. <br />11. Asslgnment of M Iscellan�ous Pra�eeds; Forfelture. All Miacellaneous Prac�eds ara hereby assigned to <br />and aha11 be paid to Lender. <br />ff the Pro�riy is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of the <br />Property, if the restoration or repair is economically fe,asible and Lender's security is not lessened. During <br />such repair and restoration period, Lender shall have the right to hold such Miscellaneous Procceds until <br />Lender has had an opporhmity to inspect such Properiy to ensura the work has been completed to Lender' s <br />satisfaction, provided that such inspection shall be undertalceai prompfly. Lender may pay for the repairs and <br />restoration in a single disbursement or in a series of progress payments as the work is completed. Unless an <br />agr�t is made in writing or Applicable Law requires interest to be paid on such Miscellaneous Proceeds, <br />Lender shall not be required to pay Borrower any interest or earnings on such Miscellaneous Proceeds. If the <br />restoration or repair is not economic�lly feasible or Lender' s security would be lessened, the Miscellaneous <br />Proc�eds sha11 be applied to the sums secured by tius Security Instrument, whether or not then due, with the <br />excess, if any, paid to Bonower. S�ch Miscellaneoua Proceeds sha11 be applied in the order provided for in <br />Section 2. <br />In the event of a total ta�ng, destruclion, or loss in value of the Property, the Miscell��us Proce�eds sball <br />be applied to the sums secured by ttus Sacurity Instrument, whether or not then due, with the excess, if any, <br />paid to Boaowar. <br />In the event of a partial taking, d�lxuction, or loss in value of the Properiy in wluch the fair market valua of <br />the Properiy immediately before the partial takirig, de.�truction, or loss in valua is equal to or greater than the <br />amount of the sums se,cured by this Security Instrument im�cliately before the partial taking, deshruction, or <br />loss in value, unless Bonower and Lender othervvise agree in writing, the sums s��tted by this Security <br />Instrument shall be reduc� by the amount of the Miscellaneous Praceeds multiplied by the following <br />&�action: (a) the total �unt of the sums se�ured immediately bafore the partial taking, de.gfruction, or loss <br />in value divided bY (b) the fair market value of tha Property immediately before the partial taking, <br />destruction, ar loss in value. Any balance shall ba paid to Borrower. <br />In the event of a paztial taking, destruckion, or loss in value of the Property in wluch the fair market value of <br />the Progerty imn�ediately before tha paitial taking, destruction, or loss in value ia less than the a�unt of the <br />sums s�ured immediately before the partial t�atiing, de.gtruction, ar loas in value, unless Bonower and <br />Lender otherwise agree in writing, the Miacellaneous Proceeds shall be applial to the sums secured by this <br />Security Instrument whether or not the sums are then due. <br />If the Property is abandon� by Borrower, or i� after notice by Lender to Borrower that the Opposing Party <br />(as defined in the next sentence) offers to make an avv�azd to settle a claim for damages, Honower fails to <br />respond to Lender within 30 days after the date the notice is given, Lender is authorized W collect and apply <br />the Miscellaneous Prace,eds either to restoration or repair of the Property or to the sums secured by this <br />2200280827 D VBANE <br />NEBRASKA-Sb�gle Fmndy-F�n{e Mae/Freddie Mec UNIFORM WSTRUMO�I'T WITH MERS Form 30'�8 1/01 <br />VMP (ql VMPBA�NE) (7 706) <br />Woltere Kluw� FG�aruial S�vicea Page 70 of 17 <br />/ / ; 't , <br />l <br />r <br />� <br />