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201206909
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201206909
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Last modified
7/20/2017 9:47:36 AM
Creation date
8/21/2012 12:14:42 PM
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DEEDS
Inst Number
201206909
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201206909 <br /> (a) Any such agreements will not affect the amoun[s that Borrower has agreed to pay for Mortgage <br /> Insurance,or any other terms of[he Loan.Such agreements will not increase the amount <br /> Borrower will owe for Mortgage Insurance,and they will not entitle Borrower to�ny refund. <br /> {b) Any such agreements will not affect the rights Borrower has-if any-with respect to the <br /> Mortgage Insurance under the Homeowners Protection Act of 1998 or any other law.These rights <br /> roay include the right to receive certain disclosures,to request and obtain cancellation oF the <br /> Mortgage Insurance,to have the Mortgage Insurance terminated automatically, and/or to receive <br /> a refund of any Mortgage Insurance premiums that were unearned at the time of such <br /> cancellation or termivation. <br /> 11. Assignmentof MiscellaneousProceeds;Forteiture.All Miscellaneous Prceeeds are hereby assigned to <br /> and shall be paid to Lender. <br /> If the Property is damaged,such Miscellaneous Proceeds shall be applied to restoration or repair of t6e <br /> Property, if the restoration or repair is economically feasible and Lender's secwity is not lessened. During <br /> such repair and restoration period,Lender shall have the right to hold such Miscellaneous Proceeds until <br /> Lender has had an opportuniry to inspect such Property to eusure the work has been completed to Lender's <br /> satisfaction,provided that suoh inspectioo shall be undertaken promptly. Lender may pay for the repaus and <br /> restoration in a single disbursement or in a series of progress payments as the work is completed.Unless an <br /> agreement is made in writing or Applicable Law requ'ues interest to be paid on such Miscellaneous Proceeds, <br /> Lender shall not be required to pay Borrower any interest or eaznings on such Miscellaneous Proceeds. If the <br /> restoration or repair is not economically feasible or Lender's security would be lessened,the Miscellaneous <br /> Froceeds shall be applied to t6e sums secured by this Security Instrument,whet6er or not then due, with the <br /> excess, if any,paid to Borrower. Such Miscellaneous Proceeds s6all be applied in the order provided for in <br /> Section 2. <br /> In the event of a total taking,destruction,or loss in value of the Property,the Miscellaneous Proceeds shall <br /> be applied to the sums sewred by this Security Inshument,whether or not then due,with the excess, if any, <br /> paid to Borrower. <br /> In the event of a partial taking,deshuction,or loss in value of the Property in which the fair market value of <br /> the Property immediately before the partial taking,destruction, or loss in value is equal to or greater than t6e <br /> amount of the sums secured by this Security Instrument immediately before the partial taking,destruction, or <br /> loss in value,unless Borrower and Lender otherwise agree in writing,the sums seeured by this Security <br /> Instrument shall be reduced by the amount of the Miscellaneous Proceeds muUiplied by the following <br /> fraction: (a)the total amount of the sums secured immediately before the partial taking,destruction,or loss <br /> in value divided by(b)the fair mazket value of the Property immediately before the partial taking, <br /> destruction,or loss iu value. Any balance shall be paid to Borrower. <br /> In the event of a partial taking,destruction,or loss in value of the Property in which the fair market value of <br /> the Property immediately before the partial taking,destruction,or loss in value is less than the amount of the <br /> sums secured immediately before the partial taking, destruction,or loss in value, unless Borrower and <br /> Lender othenvise agree in writing,the Miscellaneous Proceeds shall be applied to the sums secured by this <br /> Security 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 Opposing Party <br /> (as defined in the next sentencej offers to make an awazd to settle a claim for damages, Boaower fails to <br /> respond to Lender within 30 days after the date the notice is given, Lender is authorized to collect and apply <br /> the Miscellaneous Proceeds either to restoration or repair of the Property or to the sums secured by this <br /> NEBRASKASingle FamlFyFannie MaelFretltlie Mac UNIFORM INSTRVMENT WITH MERS Form 30281/01 <br /> VMP� VMPBA(NE)(1105).00 <br /> Wolte�s Kluwer Financial Sarvlcea Pege 10 0(17 <br /> II I I II IIII I I III IIIIII I I II I I IIIII I II I I I I I I�I'I I'll <br /> q03309930751 0233 300 1017 /� � <br /> < <br /> C� <br />
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