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201504006
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Last modified
7/21/2017 2:42:36 AM
Creation date
6/16/2015 9:20:21 AM
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DEEDS
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201504006
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. ��15�4��� <br /> . + <br /> � <br /> to recei�e a refund of any Martgage Insurance premiums that were unearned at the time af <br /> such canceliation ar terminat��n. <br /> 'I'�.Assignment of M isceilaneou� Proceeds; Fo�'feiture.All Mis��llaneous Pro�eeds are hereby <br /> assigned to and sha1�be paid to Lender. <br /> If the Pr�perty is damaged, such Miscellaneous Praceeds sha11 be app��ed to restoration ar repair af the <br /> Property,if the restoration or re�air is e�on�mically feasi�le and Lender's security is n�t lessened.I3uring <br /> such repaair and rest�ration peri�d,I.�nder sha11 have the right tfl hold such Misce�laneaus Proceeds until <br /> L�nder has had an opportu�uty to inspect such Property tn ensure the vvork has be�n c�mpleted to Lender's <br /> satisfactior�,provided that suCh inspection sha�l be undertaken promptl�r.L�nder ma�r pay f�r the repairs <br /> a.nd restoration�n a single disbursement or in a series of progress payment�as the worl�is completed. <br /> Unless an agreement is made in writing or Applicable i�avv requires rnterest to he pai�on such <br /> Mis�ellaneous Proceeds,Lender sha1�n�t be required to pay Borrovver any interest ar earnings fln�uch <br /> M�scellaneous Proce�ds. If the r�storation or repair�s not economically f�asible or Lender�s se�urity <br /> vvould be lessened,the M�.sCellaneous Proce�ds sha11 be app�ied ta the sums s�cured by this Security <br /> Instru.ment,wheth�r or nat then due,with the excess,if any,paid t�Borr�wer. Such Miscellaneous <br /> Proceeds sh��be applied in the�rder pr�vided f�r in Section 2. <br /> In the event of a total takin.g,destruction,or�oss in value of the Prope�y,the Miscellaneous�Proceeds <br /> sha11 be applied to the sums secured by this Se�urity Instrument,wheth�r or not then due,vvith the ex�ess, <br /> if any,paid to Borrower. . • <br /> In the e�ent of a partial taking,destruCtion,or loss in value of the Proper�y in whi�h the fair market value <br /> of the Praperty immediately before the partial tak�ng,destruction,or�fls�in value is equal to or greater <br /> than the amount af the sums s�cured by this Security Instrument immediately�efare the partial taking, <br /> destruction,or loss in value,unless Borr�vver and Lender�therwise agree in writing,�1� 5LlYri5 5�Cl1I�EC� <br /> by this Security Instrument sha11 be reduced by the amount�f the Miscel�aneous Proceeds mult�plied by <br /> the fo�lowing fraction:.(a�the total amount of t11e sums secured imrnediate�y before the paz�ial taking, <br /> de struction,or lass�n va�ue divided�y(U]the fair market�a1ue of the Property immediately before the <br /> partia�taking,d�struct�an,or loss in value.Any balance�ha11 be paid to Borrawer. <br /> In th�event of a partial tak�ing,d�struction,ar loss ir�value of the Property in�hich the fa�r market value <br /> of the Property immediate��before the partia�tal�ing,destru�tian,or lass in va1�e is less than the amount <br /> of the surns secured imm�diately before the paxtial taking,destruction,or loss in value,unless Borrovver <br /> and Lender otherwise agree in.writing,the Miscellaneous Proceeds shal�be applied to the sums secured <br /> by this Security Instrument vvh�ther or not th�sums ar�then due. <br /> If the Property is abandoned by Barrov�er,or if,aft�r notice by Lender t�Borrovver that the �pposing <br /> Party(as defined�n the n�xt sentence}of�ers to make an�,�axd to settl�a cla�m for damages,�arravver <br /> fails to respond to Lender with�n 3�days a�er the date the noti�e is given,Lender is authari�ed to collect <br /> and apply the Miscellaneous Proceed�either to restoratian or repair of the Pr�perty or to the sums secured <br /> hy this Security In�trument,vvhether�r nat then due. "��posing Party"means the tl�ird party that owes <br /> Bo�-rovver Misc���ar�eous Proceeds�r the party agair�st vvhom Borravver has a right of acti�n in regard to <br /> Miscellaneous Proceeds. � <br /> R <br /> H CFG-�OC359 <br /> NE�RASKA-Singie Family-Fannie MaelFreddie Mac LINIFC]RM INSTRLIMENT Form 3D281f01 <br /> VMP� " �8114 <br /> Wolters Kluwoer Financial 5ervioes 2015�52i15.1.a.3112-J2(]150123Y � Page 10 of 1? <br /> � ��10748215219* <br /> � <br />
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