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201401587
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Last modified
7/20/2017 10:38:14 AM
Creation date
3/24/2014 1:23:41 PM
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DEEDS
Inst Number
201401587
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��14�1557 <br /> � <br /> �a} Any su�h agreements will not � fect the armounts that B�rrower has agreed tv pay for Mortgage <br /> Insurance, or any ather terrris af the Loan. Such agreements will na� in�rease the amount <br /> Barrower will awe for Mortgage Insurance, and they will not entitl�Borrower to any refund. <br /> �#�� Any such agreements wi�� not affect the rights Borrower has - if any - with respect to the <br /> Martgage In�urance under the Hameawners Prvtectian Act�f 1998 vr an� other law. These rights <br /> may include the right to rece��e certain disclasure5, to reques� and abtain cance��afion �f the <br /> Mflrtgage Insurance, to have the Mortgage Insurance terminated autamatically, ancUar to receive <br /> a refund af any Mvrtgage Insurance premiums that were unearned at the time �f such <br /> �an�ei�ation or termination. <br /> 11. Assignm�nt af IUI�scellane�us Pr�eeds; F�rfeiture. All Miscellaneaus Proceeds are h�reby assigned to <br /> and shall be paid t�Lender. <br /> If the Property is damaged, such Miscellaneou� Pr�ceeds sha11 be applied to restoration or repair of the <br /> Property, if the restoration or repair is economically feasxble and Lender's securit� is nat lessened. During <br /> such repair and restaration period, L�nder sha.�1 haWe the right to ho�d such Miscellaneous Praeeeds un�il <br /> Lender has had an opportunixy to inspect such Praperty to ensure the work has been eompleted tv Lender's <br /> satisfactian, provided that such inspection shall be undertaken promptly. Lender may pay for the repairs and <br /> restoratian tn a single disbur�emer��ar in a s�ries of progr�ss payments as the work is c�mpleted. Unless an <br /> agreement is made in writing nr Applicable Law requires interest to be paid on such Miscellaneous Froc�eds, <br /> Lender shall not be required to pay Borrower any interest�r earnings an 5uch Miscel�aneous Proceeds. If�he <br /> restoration or repair is nat e�onomiea�ly feasibl� ar Lender's securit� �vould be lessen�d, the Misceilaneous <br /> Prr�ceeds shall be applied to the sums se�ured b� this 5ecurity Instrumenti, whether or not then due, with the <br /> e�cess, if an�r, paid ta Borrovver. Such Miscellaneous Proc�eds shall be appl�ed in the order provided for in <br /> Sect�an�. <br /> In the event af a tota.� taking, destru��ion, or loss in �alue Qf the Praperty, the Misce�laneaus Proceeds sha11 <br /> be applied to the sums secured by this Securit�Ins�rurnen�, whether�r nat then due, with the ex�es�, if any, <br /> paid ta Borrower. <br /> In�he e�ent of a partial taking, destruction, ar loss in�alue of the Property �n which the fa�r market�alue�f <br /> the Praperty immediately befare the part�al taking, des�ruc�ion, or �flss in �a.�ue is equal to or grea��r than the <br /> amount of the sums secured by this S�curity Ins�rurnent immediately before the partial taking, destrue�ion, ar <br /> l�ss in value, u�less Barr�wer and Lender at.�erwise agree in writing, the sums secur�d by this Security <br /> Ins�rument shall �e reduced by the amount of the Misce�laneous Proceeds mu�tiplied by the follovwing <br /> frac�ion: (a} th� total amount of the surns secured immediately bef�re the part�a� taking, destructi�n, or lass <br /> in �a�.ue di�ided by �b} the fair market value of the Property immediately befor� the partial �.aking, <br /> destr�uction, or�oss in value. Any balance sha11 be paid ta Borrawer. <br /> In the e�ent of a partial tak�ng, des�ruction, or loss in�alue of the Property in which�he fair market�alue of <br /> the Praperfiy immediately before th�partia�tal�ing, destruc�.on, or�ass in �alue is �ess than the amount af the <br /> sums secured immediately befar� the par��al �aking� destruction, or loss in �a�ue, unless Borraw�r and <br /> Lender other�ise agree �n writing, the Mis�ellaneaus Proceeds shal� be applied to the sums se�ured by th�is <br /> Securi�y�nstrument whether ar not t.he sums are then due. <br /> If the Froperty is abandoned by Borrower, or if, after notiGe by Lender to Barrovver that the �pposin� Party <br /> (as defined in the next sent�nce} �ffers to make an award ta settle a ciaim far damages, Borrower fa.i�s to <br /> respond to Lender within 3� days after the date the natice is ��ven, Lender is authc�ri�ed to collect and apply <br /> the Miscellaneous Praceeds e�ther t� res�oration ar repair of the Praperty or xo the sums secured by this <br /> Ofl11238fi6994 [Q0112386fi994� <br /> NEBRASKA-Single Family-Fanr�ie MaelFreddie Mac L1NI�ORM INSTRUMENT VIdITH MERS Form 3D28 11Q1 <br /> VMP Q VMP6A�NE��13���.�� <br /> Wafters Kluw�r Fnanc�al Sen�ices Page 1 Q of 17 <br />
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