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201406745
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Last modified
7/20/2017 9:20:32 PM
Creation date
10/24/2014 9:57:42 AM
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DEEDS
Inst Number
201406745
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��14��745 <br /> to receive a refund af any Mortgage Insuran�e premiums that were unearne� a� the time of <br /> 5uch �ancellatian or termination. <br /> 'I�.Assigr�ment of M is�ellan�ous Proceeds; ForF�iture.All Miscellane�us Prv�eeds are hereb�r <br /> as�igned to and sha.I�be paid ta Lender. <br /> If the Property is damaged,su�h Misce�laneous Proceeds shall be appl�ed to restoration or repair of the <br /> Frapez-�y,ifthe rest�ra�ian ar repair is�con�mical�y feasible a.n�Lend�r's security is nat lessened.During <br /> such repa�r and restorat�on period,Lender sha1�have the right to hold such Miscel�aneous Praceeds until <br /> Lender has had an opportunity to inspe�t such Pr�perty to ensure the work has been campleted�o Lender's <br /> satisfacti�n,prov�ded that such inspection sha�l be undertaken prompt�y.L�nder may pa�for th�repa�rs <br /> and restorati�n in a sing�e dishursement or in a series of pragress payments as the w�rk is completed. <br /> Unless an agreement is ma.de in writing or ApplicaUle Law requires interest to he paid on such <br /> Misce�laneous Proceeds,L�nder shall nat he required to pay B�rr�v�er any interest or earnings on such <br /> Mis�ellaneous Proceeds. If the restoration or repair is not econ�mi�ally feasible or Lender's security <br /> w�u1d he lessened,the MisG�llaneous Pro�eeds sha11 be appli�d to the sums secured by this Security <br /> Instrument,whether ar not then due,v�it�i the e�cess,if any,paid to B�rr�wer. Such Mis�ellaneous <br /> Froceeds shall be applied in the order provided far in Seetifln 2. <br /> In the event of a t�tal ta.king,destruction,Qr loss in�a1ue of the Property,the Miscellan�ous Pr�c�eds <br /> shall�e applied to the sums se�ured by this Se�urity�nstrument,whether�r not then due,with t1�e excess, <br /> if any,paid to Borrower. <br /> In the e��nt af a partial taking,destructi�n,ar loss in value of the PrQper�y in which the fair market�a1ue <br /> Qf the Proper�r immediatel�before the partial�aking,destruction,or Ioss in value is equa�to or�reater <br /> than the amount of the sums se�ured by this Security rnstrument immediately bef�re the partia.l taking, <br /> destruction,or loss in�alue,unless B�rrower and Lender ather�vise agree in writin�,the sums s�cured <br /> by this Se�urity Instrument shall be reduced by the amount of the Miscellaneaus Fr�ceeds multiplied by <br /> the f�ll�win�fraGti�n: �a}the to�a.l amount of the sums seGured immediatel��before the partial taking, <br /> destruction,or l�ss in value divided by�b}the fa.ir maxket value of the Propert,y immed�atel�r before the <br /> partial takin�,destruction,vr lass in�alue.Any balance sha11 be paid to Borrower. <br /> In the event of a partial taking,destruction,or loss in value of the Pr�perty in vvhich the fa.ir market value <br /> of the Property immediately�efore the partia.l takin�,destructi�n,�r��SS 1ri V�Ue 15��55 t�1�.I1�le aI174Ul1t <br /> of the sums secured immediately before the partial taking,destructi�n,or lass in�a1ue,unless Barrower <br /> and Lender othervvise agr�e in wri�ing,the Misc�llanc�us Pro�eeds shall be appli�d t�the sums secured <br /> by thts Se�urity Instrument whether or not the sums are then due. <br /> If the Prvperty is abandaned�y Borra�ver,or if,aft�r r��ti�e�y Lender to Borrower th�t the Uppasing <br /> Party�as defined in the ne�t sentence}offers t�mak�an a�vard to settl�a�laim for damages,Borrawer <br /> fails t�respond to Lender`�ithin 3�days after the date the notice is gi�en,Lender is authori��d ta collect <br /> and apply th�Mi scellan��us Pro�eeds either to restoration or repair�f the Pr�perty or to the sums se�ured <br /> by this Security Instrum�nt,v�hether or not then due. "�pposing Paxty"means the third party that av�es <br /> Borrov�er Miscellane�us Proceeds or the par�y against v�h�m Borrovver has a right of action in regard to <br /> Mis�ellan�aus Proceeds. <br /> Hc��-aaa�s <br /> NEBRASI4R-5fngle Fam�ly-Fannie MaelFreddie Mac LJPVIF�RM INSTRLJMENT Farm 3028 1101 <br /> VMP� QZ114 <br /> VIIO��I'S KIUW�f Fi�1a�1CIaI SBrVl025 2Q141 Q1D4 1 0 2815-J20140429Y Page�0 of 17 <br /> *32�550�1�217* <br /> . � <br /> � <br /> � <br /> � <br />
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