|
��14�4534
<br /> �a}Any such agreements w�71 nat affect the amowats that Borrower has agreed to pay for 1Vlartg�.be Insurance,
<br /> ar any other term5 of the I�oan.Such agreements will nat incr�ase the amount Earrower v�ll owe for Mvrtgage
<br /> Insurance,and they vvill not ent�tle Borrower to any refund.
<br /> ��Any such agreement5 will.not affect the rights Barrower has�-if any—w�th respect to the Mortbage
<br /> Insurance under the Hameowners Protection Act of 1995 ar a�ay ather�a�.These r�.ghts may inc�ude the rxbht to
<br /> recei.ve certain disclosures,to request and ohtain�ancellation of the Mortgage InSurance,ta have the Mortgage
<br /> Insurance termi.nated autom�.t�call�,andlor to rece�ve a refund of any Mart�ase Insurance premiums that were
<br /> unearned at the time of such cancellatian ar term�aation.
<br /> 11.Assign�ment of Miscellaneous Proceeds;Forfe�.ture.A�1 Misce�laneaus Proceeds are hereby assigned�o and
<br /> shail be paid�o Lender.
<br /> If the Property is damaged,such Miscellaneaus Praceeds sha�.I be applied to res�ora�xan or repa�.r of�he Proper�y,�f
<br /> the r�s�orat�on or r�pair�s economically feas�bTe and Lender's securi�.y�s not Iessened.Dur�ng such repaxr and res�oration
<br /> period,Lender shaT1 have�he righ��o hoXd such Misce��a.neflus Proceeds untx�Lender has had an opportunity�o�nspec�
<br /> such Prope�ty�o ensu.re the work has been camp�eted to Lender's satisfactzon,prov�ided�hat su�h inspec�zan shalX�e
<br /> undertaken promptiy.Lender may pay for�he repairs and restoratx�n xn a s�ng�e d�.sbursement ar in a s�ries of progress
<br /> payments as the tivork is�ompleted.Unless an agreement is made in u�rit�ng or App�icable Law requxres in�erest to�ae
<br /> pa.id an such Miscellan�ous Proceeds,Lender shall na�be required to pay Borr�wer any znteres�or earn�ngs on such
<br /> Miscellaneous Proceeds.If the restora�ran or reparr�s not economically feaszb�e or Lender's secura.�y w�u�d be�essened,
<br /> the MisceXXaneous Proceeds sha�1 be appiied to the sums secured�by�h�s Security Instrument,u�hether or n�t then due,
<br /> with the excess, �f any,pa�d to Borrower. Such Miscellaneous Proceeds sha��be applied�n the arder prov�ded for zn
<br /> Sec��on 2.
<br /> In the ev�n�of a totai ta�ng, des�ruc�ion, or Ioss in va.�ue of the Proper�y,�he Mi.sceX�ane�us Proce�ds sha�� be
<br /> app��ed�a �he sums secured b�this Security Instt�umen�, urhe�her or not then due, �vith the ex�ess, xf any, pa.id�o
<br /> Borrower.
<br /> In�he even�of a par�ra.i�al�ng,destruc�r�n,or Ioss�n val.ue of the Property�n tivhxch the fair mar�et va�ue of�he
<br /> Property immedia�ely before the par��aX tal�in�,destruc�zon,or�oss xn�a�ue zs equaX�o ar greater than the amount of�he
<br /> sums secured�ay�his Securi�y Instruznen��mmedia�ely before the par�ia,��a,�i.ng, des�ruct�on, or loss in value,unless
<br /> Borrawer and Lender ath.ex�wi.se agree in�ritxng,the sums secured by this Security Instrumen�sha��be reduced by�he
<br /> amoun�of�he Miscellaneous Proceeds multiplied by the following fract�an: (a}the�vta�amoun�of�he sums secured
<br /> �mmed.iately before the partial ta,k�ng,destruction,or loss xn value divided by(b}the fair market va.�ue of�he Praper�y
<br /> zmmed�.ately before�he pa.r�xa��aking,des�ru��i�n,or�oss xn value.Any baiance shall be paxd to Borrower.
<br /> In the event of a partial taking,destruc�ion, or loss in value�f�he Propex�y in Which the fa.�r maxket value of�he
<br /> Proper�y�mmediateXy before the partial taking,des�ruction,or Ioss xn va�ue�s�ess than�he amount of�h�sums secured
<br /> �mmed.iately before the pa��a�taking, destruct�on, or loss rn value, un�ess Borrower and Lender otherwise agree in
<br /> wri�ing,the Mrscellaneous Proceeds shall b�appl�ed to the sums secured by this Securi�y Instrument whe�her or not the
<br /> sums are then due.
<br /> If the Praperty�s abandoned by Borrativer, or xf,after noti.�e by Lender�o Borrower�ha��he�ppos�ng Party�as
<br /> de�.ned in�he next sentence}offers�a make an award ta settle a clarm for damages,Borrower fails�o r�spond to Lender
<br /> w�th�n 3�days after the date the not�ce is g��en,L�nder is author�zed tfl caXXect and app�y�h.e MisceXXaneous ProCeeds
<br /> ei�her tn restora�xon or repaxr of�he Pr�p�rty or to�he sums secured b�thxs Security Instrumen�,whether or not then due.
<br /> "�pposing Party"means the th�.rd par�y that owes Borro�ver 1Vl�scel�aneous Pro�eeds or the par�y against whom Sorrower
<br /> has a righ�of actian�n regard�o Miscellaneous Proceeds.
<br /> Borroujer shaT1 be in default if any action ar proc��ding, whe�her c�vil or cr�.minal, is begun that, �n Lender's
<br /> judgment,cou�d rzsul�in forfe�ture of�he Property or o�h.er material impazrment�f Lender's interes�in the Prope�ty or
<br /> righ�s under this Se�uri�y Instrument.Borrower can cur�such a d�fau��and,if acceXeratxon has occurred,rexnstate as
<br /> prov�ded in Section 19,by causing�he actzon or proceedang t�be dism�ssed with a ru�ing that,in Lender's judgment,
<br /> precludes forfeiture af the Proper�y or o�her ma�er�al zmpaxrment of Lender's interes�in the Proper�y or rights under th.�.s
<br /> Security Instrumen�.The proceeds of any a�uard ar c�aazn for damages that are at�ributable to�he impaarmen�of Lender's
<br /> inter�st in the Property axe hereby assigned and shal�be pa�d to Lender.
<br /> NEBRASKA-Sing�e Family-Fannie MaelFreddie Ntac UNiF�RN[INSTRUl1PlENT wi�h MERS Form 3028 110'I
<br /> Page 8 vf'[3
<br /> �os,�n�. Borrvwer(s}lni�ia�s � �'�-�
<br /> �
<br />
|