Laserfiche WebLink
��14�77�1 <br /> �a� An�such agreements wil�not affect the amaun�s that Borrower has agreed to pay for Martgage <br /> Insurance,vr any other terms�f the Lvan.Su�h a�reements will n�t�ncrease the amount <br /> Borrower wil�owe for Mortgage Insurance,and they will nQt entitte Borr��er to any refund. <br /> �by Aay su��i��reements will not aff��t the rig�.ts Borr�wer has-if any-with respect to�he <br /> Mortgage Insuran�e under the Horn�eowners Pr�tectian Act of 199�vr an�other�aw.These rf ghts <br /> ma�include the right to receive certain d�sclosures,ta request and obtain cancellatian of the <br /> Mortgage Insurance,to ha��the Martga►ge Insurance terminated autvmatically,andlor t�recei�e <br /> $refund of any Mortgage Insurance premiums that�ere un�arned at the time of such <br /> �ancellation ar termination. <br /> '#1. Assignmentof�Vlisc�ffanec�us�r�oce�r�s;Forfei#ur�.A�1 Nfiscellaneous Proceeds ar�hereby assigned ta <br /> and sha��be paid to Lender, <br /> If the Pr�perty is damaged, such Miscellaneous Proceeds sha11 be applied to restaration or repair of the <br /> Property,if�he restaration or repair is econamical�y feasib��and Lende�'s se�urity is not lessened.During <br /> such repau and restoration period,Lender shal�ha�e th�right to ha�d such Miscellaneous Froceeds unt�l <br /> Lender has had an vppo�nity to inspec�t such Proper�r to ens��the vvarl�has been campleted to I�ender's <br /> satisfaction,provid�d that such in.spection sha11�e under�aken prompt��. Lender may pay for the repairs and <br /> �estora��a�in a single disb�sement or�n.a s��es of p�4gress payments as the work is completed.�3n�ess an <br /> agreement is made in writing�r App�icable Law requues in�eres�to be pa�d on su�h Miscellaneous Proceeds, <br /> Lender�i�all not�e required to pay Bonower any interest or earn.ings o�su�h Misceltaneous Proceed�.If�he <br /> restarat�an or repa�r�s not economica��y feasib�e or Lender's security would be lessened,the Mis�el�ane�us <br /> Proceeds shall be applied to the sums secured by this Secur��y�nstrumen�,�vhether or n�t then due,with the <br /> excess� if any,paid to Borrotiver. Such Miscellaneous Proceeds shall be applied in the o�'der pro�ided for in <br /> Section 2. <br /> In the e�tent�f a tota�taking,destruction,or loss in�a�ue of the Propert�,th�Mis�el�aneous I'roceeds s'hail <br /> be app�ied to the sums s�cured by this Security Instrument,whether or not then due,with the excess, if any, <br /> paid to Barr��e�. <br /> In the ev�nt of a gartial taking,destructian,or Io�s in value of#he Property in whi�h the fair market value of <br /> the Property immediately before th�part�a�taking,destruction,ar loss in�a�ue is equal to flr greater than the <br /> amount of the sums secured by this Security Instrument immediate��before the part�a�taking,destruction,or <br /> loss in�alue,unless Borrower and Lend�r otherwise agree�n�rr�ting,the sums se�ured by this Security <br /> Instrum�nt sha11 be reduced by the amount of the Mis�e��aneous Prac�eds muttiplied�y the fot�owing <br /> fracti�a: (a)the tota�am�un�of the sum�s�cured immediately before the partial ta.king,destruction,or lass <br /> in va�ue divided by�b}the fai�market value vf�he Prape�y in�ediately befa�re the partial taking, <br /> de5truction,or loss�n va�ue.An.y balance shail be paid��Borrower. <br /> In the event of a partial taking9�G�7�E I�CL��II9 or lo�s in value vf the Proper�in�vhich th�fair market value of <br /> the Proper�ty irnmedia�e�y before the partial takxng,de�truction,or loss in value is�ess than�he arnount of the <br /> sums secured immediat�ly before the partial ta.king,destruction,or�oss in value,unless Borrower and <br /> Lender atherwise agree in.writ�ng,the Miscellaneous Froceeds sha11 be appli�d to the�ums s�curec�by this <br /> Security Instrumeat whether ar not th�sums are then due. <br /> If the Pr�per�cy is abandQned'by Borrower,or if,after notice by I.,ender to Barrower that the Qpposing Party <br /> (as defined in the next s�ntence)offers to mak�an award to settle a ctaim for damages, Barrower fai1�to <br /> respond to Lender within 3�days af�er the date the natice is given,Lender is authorized to callec�and a�p1y <br /> the Miscellan�ous Proc��ds eit,�.er ta restoration or repair of the Property or to the sums secured by this <br /> NEBRASK�4-5�r�gie Fam�ty-Fannie MaelFre�ddie 4V�ac uNSFflRAII I�iS�'RUO►f{ENT VI3iTH MERS Farm 3a28�i�1 <br /> VMP C� VMPBA[h1E}(1342}.�4 <br /> Wolters K[uwer Firrancial S�rvices Page 10 of 1? <br /> q� 33 �9Q711 �233 239 1417 <br />