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201209488
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201209488
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Last modified
7/20/2017 10:00:32 AM
Creation date
11/13/2012 10:51:33 AM
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DEEDS
Inst Number
201209488
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201209488 <br /> (a) Any such agreements will not affect the amounts that Borrower has agreed to pay for Mortgage <br /> Insurance,or any other terros af the Loan. Such agreements will not increase the amount <br /> Borrower will owe far Mortgage Insurance,and they will not enfitle Borrower to any refund. <br /> (b) Auy such agreements will not affect the rights Borrower 6as-if any-with respect to the <br /> Mortgage Insurance under[Le Homeowners Protection Act of 1998 or any other law.These rights <br /> may include the right to receive certain disclosures,So request and obtain caucellation oF the <br /> :Vlortgage Iusur�nce,to have the Mortgage Insurance termiaated automatically, and/or to receive <br /> a refund of any Mortgage lnsurance premiums that were unearned at the time of such <br /> cancellation or termination. <br /> 11. Assignmentof MiscellaneousProceeds;ForFeiture.All Miscellaneous Proceeds are hereby assigned to <br /> and shall be paid to Lender. <br /> If the Proper[y is damaged,such Miscellaneoas Proceeds shall be applied to restoxation or repair of the <br /> Property, if the restoration or repair is economically feasible and Lender's security 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 opportunity to inspect such Property to ensiue the work has been completed to Lender's <br /> satisfaction,provided that such inspection shall be undertaken promptly. Lender n�ay pay for the repairs and <br /> restoratioa in a single disbursement or in a series of progress payments as the work is compieted. Unless an <br /> agreement 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 economically feasible or Leader's secwiiy would be lessened,t6e Miscellaneous <br /> Proceeds shall be applied to the sums secured by this Secarity Instrument,whether or not then due,with the <br /> excess, if any,paid to Bonower. Such Viiscellaneous Proceeds shall 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 secwed by this Secwity Instrument,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 mazket value of <br /> the Property immediately before the partial talting, destruction,or loss in value is equal to or greater t6an t6e <br /> amount of the sums secured by this Security Instnament immediately before the partial taking,destruction,or <br /> loss in value,unless Borrowu and Lender otherwise agree in writing,the sums secwed by this Securiry <br /> Instrument shall be reduced by the amount of the Vtiscellaneous Proceeds multiplied by the following <br /> fraction: (a)the total amount of the sums secured immediately before the partial taking, destrttction,or loss <br /> in value divided by(b)the fair market value of the Property immediately before the partial taking <br /> desWction,or loss in value. Auy balance shall be paid to Aorrower. <br /> In the event of a padial taking,destntction,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 sectued immediately before the paz[ial taking, destruction,or loss in value,uuless Borrower and <br /> Lender otherwise agree in writing,the Miscellaneous Proceeds shall be applied to the sums secured by tlus <br /> Security Inshvment whether or not the sums are then due. <br /> If the Property is abandoned by Bonower,or if, 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 damages,Borrower fails to <br /> respond to Leuder witlun 30 days after the date the notice is given,Lender is authorized W collect and apply <br /> the Miscellaneous Proceeds either to restoration or repair of the Property or W the sums secured by this <br /> NEBRASKASinglc FamilyFannie MadFietlAia Mat UNIFORM INSTRUMENT WITH MERS Fortn 3028 7/Ot <br /> VMP� L. VMP8.4�NE)(1105)00 <br /> WoHers KluwerFinancial Services � � Pzge 10 of 17 <br /> iii iiiiniiiiiiiiiiiiiii�imiii�iiiiiiiiiiii nii <br /> q03310511262 0233 3 5 101 <br />
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