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201503736
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201503736
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Last modified
7/21/2017 2:36:56 AM
Creation date
6/5/2015 10:17:06 AM
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DEEDS
Inst Number
201503736
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��15�373� <br /> �a� Aany suCh agreemen�ts will not affect th�amounts that Barra►wer has agre�d to pa�for Mortgage <br /> Insurance,ar any a��er terr�s af the Laan.S�ch agr�ements will nv#i��crea��the amount <br /> Borra�v�r will owe for Mor�tgage Insurance, and th�y will nat en#itle Borravv�r t�any refund. <br /> �b� An��uch agreements will not affect the ri�hts B�rrawer has-if any-with respe�t to the <br /> Mart�age Insuranee under the Homeowners Protection Ae�of 19�8 ar any�ther la�.These rights <br /> may in�lude the right to reGeive certain dis�lo5ures,to request and obtain cance��at�an af the <br /> M�rtgage Insur�nGe,ta ha�e the�1�Iartgage In.surance terminated autamatically,andlor to receiv� <br /> a refund of any Martgage Insuranc�e premiums that were unearned at the t�me of such <br /> Cancellati�n or tern�ination. <br /> 11. Assignm�ntof MiscelianeousPr�vc�eds;ForF+eitur�.A11 Miscellaneous Proceeds are hereby assigned t� <br /> and shal�be paid to Lender. <br /> �f the i'rt�pe�rty is damaged,suc�Miscellaneaus Proceeds�hai�be appli�€�to restaration ar repair of the <br /> �raper�y, if the restaration or repair is econornica�ly feasible and Lender's s��urity is not le�sened. During <br /> such repair and restora�tion p�riod,Lender sha��have the right to hold such Misc�llaneous Proceeds unt�l <br /> Lend�r has had an oppor�unrty to inspect such Froperty to ensure the work has been completed to Lender's <br /> satisfact�on,pravid�d that such inspecti�n sha�l be undertaken pramptly.Lender may pay far the repaus and <br /> restoration in a sing�e disbursement or in a series af progres�payments a�th�work is camgleted. Unless an <br /> agreement is made in writing or Appli�able La�v requ�res in�erest to be paid on such Miscellaneous Proceeds, <br /> L�nder shall not be req�ired t�pay Borrower any�nterest ar earnings on such M�scel�aneous Proce�ds. If the <br /> restoration�r repair is not econamically feasible or Lender's security�vould be lessened,th�Misce�laneous <br /> Froceeds sha�l be app�ied to the sums secured by this Securit�Instrument,wheth�r or not then due,�ith the <br /> excess,�f any,paid to Borrovver. Such Mis�ellaneous Praceeds sha11 be applied in the order provided for in <br /> Section 2. <br /> In the event of a total taking,dest�uction,or lass in value of the Prapertys the Miscellaneous Praceeds sha11 <br /> be app�ied to the sums secured by this Security Ins�rument,wheth�r or not then due,with the exc�ss, if any, <br /> paid to Borrower. <br /> In the even�af a partial taking,destruction,or loss in value of#he Property in which the fair mar�et�ralue of <br /> the Pro��fty immed�iately�ef�re th�par��al tal�ing,destruction,or Ioss��.value is equal to�r greater than t�e <br /> amount of the sums secured by this Security Instrumen��mmediately before the par�ia�#aking,destructian,or <br /> �ass�n value,un��ss Borrc�wer and Lender other�vise agree in writing,the�um�secured by thi�Security <br /> Instrument shall be reduc�d by�he am�unt of t�ie Miscellane�us Froceeds multiplied�y th�fo�lo�ving <br /> fraction: �a}the tota.�arnnunt vf the sums secured immediately before the partial ta.king,destruction,or 1t�ss <br /> in�alue divid�d by(b}the fair market value of the Property immediately before the partial taking, <br /> destructi�n,or lvss ui value.Any balance shall be paid to Borrawer. <br /> In the event of a pa,rtial taking,destruct�an,or loss�n value�f the Property in�vhich the fair market�alue of <br /> t�e Frvpert�in�nediate��before t�ie gartial tal��ng,destrr�ct�on,�r loss in value is l��s t�han the amount of the <br /> sums secured�mmediately before the partial taking,destruction,or loss in va�ue,unless Borrower and <br /> L�nder otherwise agree in wri�ing,th�Mi�ellaneous Proceeds shall be applied to th�sums secur�d by this <br /> Security Instrument whether or not t�e sum.s are�hen due. <br /> If the Property is abandoned by Borro�ver,ar if,af�er notice by Lender to Borra�er that the t7pposing Party <br /> (as defined�i.n the next sentence�affers to ma.�e an award to se�t�e a clai�n for damages,Bo�ra�er fails to <br /> respond to Lend�r within 30 days ai�er the date the noti�e is given,Lender is authorized ta collect and apply <br /> the M�scellan.eous Proceeds either to restoration or repair af the Property�r to the sums secured by this <br /> NEBRASKA�ingle Family-Far�r�ie MaelFreddie Mac IJNIF4RM�NSTRUMENT W[TH MERS Form 3028 1141 <br /> VMP� VMPfiA[NE}{1342�.�� <br /> Wolters Kluw�r Financiaf Services PaBe 1�of 17 <br /> q�33341485295 OZ33 264 l 17 <br />
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