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201206855
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201206855
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Last modified
7/20/2017 9:47:22 AM
Creation date
8/20/2012 11:12:20 AM
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DEEDS
Inst Number
201206855
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201206855 <br /> (a) Any such xgreements will not affecY the amounts that Borrower has agrced to pay for Morfgage <br /> lnsurance, or any other tenns of Hie Lnan. Such agreements will not increase fhe xmount <br /> Rorrower will owe for Mortgage Insurance, and they will not entitle Borrower to any refund. <br /> (b) Any such agreements will not affeet fhe rights Bonower hns -if any-wiYh respect to U�e <br /> Mortgage Insurance under the IImneowners Protection Act of 1998 or any other law. Tlieae rigLts <br /> may include the right to receive certain disclosures, to request smd obtain eancellaeion of tlie <br /> Mortgxge Insurance, to have tLe Mortgage Insurance terminated automatically, and/or to receive <br /> a refuod of any Mortgage I��sarance premiums that were miearned at flie time of such <br /> cancellation or termivafion. <br /> 11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby assigned to <br /> and shall Ue paid to Le�der. <br /> If the A�operty is damaged, such Misccllaneous Proeeeds shall be ap}�lied to restoration or repair of the <br /> Properfy, if the restora[ion or re�air is economicaliy feasible and Lender's security is oot Iessened. During <br /> such repair and restoratioo period, Lender shall have the right to hold such Miscella�eous Proceeds until <br /> Le�dcr has had an opportunity to inspect such Property to ensure Lhe work hns been complcted to Lender's <br /> satisfaction, provided fhat sueh ins�ection shall be undertaken promptly. Lender may�ay for the repairs and <br /> restoration in a single disbursement or in a series of progress payments as the wark is complctcd. Unless an <br /> agreement is made in writing or Applicable Law requires interest[o be paid on such Miscellaneous Procceds, <br /> Lender shall not be required[o pay Borrower any interest or earnings on sueh Miscellaneous Procccds. If the <br /> restoration or repair is not economically Feasible or Lender's secw'ity woufd 6e lesse�ed, thc Miscellancous <br /> Proceeds shall be applied fo the sums secured by tl�is Securily lnstxument, whcther or not then due, with the <br /> excess, if any, paid to I3orrower. Such Misceltaneous Proceeds shall bc applicd in thc order provided for in <br /> Scction 2. <br /> In the event of a total taking destruction, or loss in value of the Property, the Misccllaneous Proceeds shall <br /> be applied Yo the sums seeured by this Security Instrument, whether or not thc� duc, with the excess, if any, <br /> paid to Borrower. <br /> In the event of a partial [aking, destruction, or Ioss in value of lhe Pxoperty in which the fair markef value of <br /> thc Property immediately before the partial taking, destruction, m� loss in value is equal to or greater Yhan the <br /> amount of the sums secured by this Sccurity Instrument immediaLely before the partial taking, deshuction, m' <br /> loss in value, imless Borrower and Lender otherwise agree in writing, the sums secured by this Securiry <br /> Instrument shall be reduced by fhe amouot of the MiseeLLaneous Proceeds multiplicd by the following <br /> f'racfion: (a) the total amount of the sums secured immediately bcfore the parYial taking, destruction, or loss <br /> in value divided by (6)thc fair markeC value of[he Property immediately bef'ore tlie partial taking, <br /> destruction, or loss i� valua Any Ualance shall be paid to Borrowcr. <br /> In the even[of a par[ial taking destructio�i, m' Loss in value of the R�operYy in which tlie fair market vaLue of <br /> tl�e Properry immediately betbre the partial taking, destruction, or loss in value is less tlian the amount of the <br /> sums secured immediately bef'ore the partial taking, destruction, or loss in value, unless Borrower and <br /> Lender otherwise agrec in writing, the Miseellaneous Proceeds shall Ue applied to the sums secured by[his <br /> Security Inslrument whether or noC the sums a��e [hen due. <br /> lf the Property is abandoned by Borrower, or if, after notice by Lender to 13orrower[hat the Opposing Party <br /> (ns defined in the next senteuce)offers to make an award to settle a cLaim for damages, Borrower fails to <br /> respond to Leaider within 30 days after the date the notice is given, Lender is authorized to co(lect and apply <br /> the Miscellaneous Proeeeds either to restoration or repair of the Property m�to fhe sums secured by this <br /> 88012]b4]8 880�2P64/8 <br /> NEBRASKA-Single Family-FannleMeelFetldleMac ONIPORM MSTRUMENT WITH MEftS Porm 3026'IlUi <br /> VMP�y VMP�e9e O�oi1]� <br /> Wollers Kluwer Financial Services <br />
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