Laserfiche WebLink
��14��731 <br /> �a} Any such agreements will not affect the amoun#s that Borrower has agreed to pay for Mortgage <br /> Insuran�e,vr any ather terms Qf the L�an.Such agreements will not increase the amount <br /> Borrawer will avWe f�r Mortgage Insuran�e,and they wil�nat entitle Borrower t�any refund. <br /> �b} An�such agreementS wi�l not affect the rights B�rrower has-if any-with respe�t to the <br /> Mortgage Insurance under the Homeowners Protection Aet af 1998 or any other law.These rights <br /> may include the right to receive certain d�sclasures,to request and obtain cance��ation of the <br /> Mortgage Insurance,to have the Martgage Insurance terminated auttima�i�all�,andl�r t�receive <br /> a refund of any Mortgage Insurance premiums that were unearned at the�ime vf such <br /> cancellation or termination. <br /> �!�I. Assig n mentof MiscellaneousProceeds;ForF�itu re.All Miscellaneous Proc�eds are hereby assigned to <br /> and sha11 be paid ta Lender. <br /> If the Praperty is damaged, such M�scellaneaus Proceeds shall be applied to restoration Qr repair of the <br /> Praperty, �f the restora�ion or repair is econ�m�cally feasible and Lender's security is aot l�ssened. During <br /> such repair and restoratian period, Lender shatl have the right to h��d such Misc�llaneous Proceeds until <br /> �ender has had an opportunity to inspect such Property�o ensure the work has been completed to Lender`s <br /> satisfaction,�ro�rided tha�such inspection shall be undettaken promptly. Lender may pay f�r the repairs and <br /> res�oration.in a s�ngte disbursement or in a series af gragress payments as the wor1�is comp�eted.Unless an <br /> agreement is made in writing or App�icable Law requ�.res interest to be paid on such Misc���aneous Proceeds, <br /> Lender sha11 n�t be requ�.red to pay Borrower any interest or earn�ngs on such Miseellaneous Proceeds. If the <br /> restoratian or repair is not e�onomically feasible or Lend�r's seGur��r�vould be lessened,the Miscellan�ous <br /> I'roceeds sha11 be app�ied to the sums secured by this Security Instrument,whether or not then due,with the <br /> excess, if any,paid to Borrower. Such Miscellaneous Froceeds shall be applied in�he order provided far in <br /> Section 2. <br /> In the e�rent of a tota�taking,destruction,or�oss in value of the Property,the Miscellaneous Proceeds sha�� <br /> be applied to the surns secured by this Secur��y Instrumen.t,�vhether or not then due,with the excess, rf an�, <br /> paid to Barrower. <br /> In the�vent of a partial tak�ng,destruet�on,or loss in�alue of the Propert��n�v'hich the fair marl�e�va1u�of <br /> the Property immediately befare the par�ial taking, des�ruction,or Ios��ta�aiue is equal to or greater than the <br /> amoun�of the sums secured by this Se�urity Instrument imm�dia�e�y before the partial taking,destruction,or <br /> loss in value,unless Barrower and Lender�therwise agree in writing,the sum�secured by this Security <br /> In.strument sha11 be r�duced b�the amount of the IVli�cellaneaus Proceeds mu�i��plied�by�he following <br /> fraction: (a)the total amount of the sums secured immediately before the parti�al taking,destructian,or loss <br /> in value di�ided lay(b)the fair market value of�he Pr�perty�mmediately befo�e the partial taking, <br /> destruction,or lass in value.An.y balance sha�I be paid to Borrawer. <br /> �n the event of a partial ta��ng,destru�tion,or l�ss in value of the Property in which the fair market�a1ue of <br /> the�'�operty i�nmediately�b�fore the pa�ial taking,des�tructio�.�ar loss in�al�e is less than tl��ar�o�.�.�of the <br /> sums s�cured immedia�ely before the partial ta.king, destruction,�r loss in value,unless Borr�wer a�d <br /> Lender otherwise agree in writing,the Miscellaneous Proceeds shall be applied�o�he sums secured by th�s <br /> Security Instrument whether ar not the sums are then due. <br /> If the Property is abandaned by Borrower,ar if, after notice by Lender ta Borrower that the�pposing Party <br /> (as defined in t�e next sentence}offers to make an award to s�et�le a claim for damages,Borrow�r fails to <br /> � respond to L�nder tivithin 3�days after the da�e the notice�s�i�en,Lender is authorized to collect and apply <br /> �he Misce�laneous l�roceeds either ta restaration or repair of th�Propert�or to the sums secured b�this <br /> �� �� � <br /> NEBRASKA-Single Family-Fannie MaelFr�eddie Mac LINIFQRM INSTRLIM�IVT WITH MERS � Form 3Q�8 1141 <br /> VMP� VMPSA[ME](�3��}A4 <br /> Walters Kluwer Financial Services Page 14 of 1? <br /> qD333�45�91� �233 �97 1�17 <br />