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2012�7�7� <br />(a) Any snch agreements will not affect the amounts that Bonower has agreeai to pay for Mortgage <br />Insnrance, or any other terms of the Loan. Snch agreements will not increase the amonnt <br />Borrower wlll owe for Mortgage Insurance, and they will not entitle Borrower to any refnnd. <br />(b) Any such agreements will not affect the rfghts Borrower has - if any - with respect to the <br />Mortgage Insnrance nnder the Hom�wners Protection Act of 1998 or any other law. These rlgh� <br />may inclnde the rlght to receive certain disclosares, to reqnest and obta�in cancellation of tLe <br />Mortgage Insnrance, to have the Mottgage Insarance terminat� automatically, and/or to rece3ve <br />a refnnd of any Mortgage Insarance premiums that were nnearn� at the dme of snch <br />cancellation or terminadon. <br />11. Asslgnment of M iscellaneous Proc�eds; ForFeltur�. All Miscellaneous Proceeds are hereby assigned to <br />aad shall be paid to I.ender. <br />If the Property is damaged, such Miscellaneous Proceeds sha11 Ue applied to restoration or repair of the <br />Property, if the restoration or repair is economic�lly fa.v'ble and Lender' s security is not lessened During <br />such repair and re.gtoration geriod, I.ender shall have the right to hold such Miscellaneous Proceeds until <br />Lender has had an oppornmity to inspect such Property to ensure the work has b�n completed to Lender' s <br />satisfaction, provided that such inspection shall be undertaken promptly. 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. Unlass an <br />agr�ment is made in writing or Applicable Law requires interest to be paid on such Miscellaneous Proceeds, <br />Lender sha11 not be required to pay Bonower any interest ar earnings on such Miscellaneous Proceeds. If the <br />restoration or repair is not economically f�sible or I.ender' s security would be lessened, the Miscellaneous <br />Proc�rls shall be applied to the sums sacured by this Sacurity Instrument, whether or not then due, with the <br />excess, if any, paid to Borrower. Such Miscellan�us Proceeds shall be applied in the order provided for in <br />Se,ction 2. <br />In the event of a total taldng, destruction, or loss in value of the Property, the Miscellaneaus Proceeds shall <br />be appliefl to the sums sec�ued by this Security Instrument, whether or not then due, with the excess, if any, <br />paid to Borrower. <br />In the event of a partial taking, destruction, or loss in value of the Property in wluch the fair market value of <br />the Property immediately before the paztial taking, destruction, or loss in value is equal to or greater tvan the <br />a�unt of the sums secured by this Security Instrument immediately before the parlial taking, destruction, or <br />loss in value, unless Borrower and Lender otherwise agree in writing, the aums secured by this Se�urity <br />Instrument sl�all ba reduced by the amount of the Miscellaneous Proceeds multiplied by the following <br />fraction (a) the total amount of the sunns secured immediately before the partial taking, destruction, or loss <br />in value divided by (b) the fair market value of the Property immediately before the partial talQng, <br />deslruction, or loss in value. Any balance shall be paid to Borrower. <br />In the event of a partial taking, desiruction, or loss in value of the Properiy in wluch the fair mazket value of <br />the Property immediately before the partial taking, de.4truction, or loss in value is less than the amount of the <br />sums s�ured immediately before the partial taking, destruction, or loss in value, unless Borrower and <br />Lender otherwise agre,e in writing, the Miscellaneous Proc�eds sha11 be applied to the sums secure� by this <br />Security Instrument whether or not the aums are then due. <br />If the Property is abandoned 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 award to settle a claim for darnages, Bonower 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 Miscellan�us Proceeds either to restoration or repair of the Property or to the sums securefl by this <br />2zooa���ee <br />NEBRASKAS6�gle FamOy-FanNe Mae/Freddie Mac UNIFORM WSTRUMENT WfTH MEN9 <br />VMP (ql <br />Wolbeas Kluw� Fh�endel Servlees <br />D V6ANE <br />Fo►m aoaa �ro� <br />VMPBA(NE) (1106) <br />Pege 10 of 17 <br />� 9 d� <br />� <br />