201504675 - Laserfiche WebLink

Browse

��15�4575 ��} Any such agreements will n�t affect the amaunts that Burr�wer has agrQed to pay far IViar��age Insuran�e,vr any at�her terms of the Loan.Such agreement�wi�l not�n�rease�he amaunt Borrower w�ll owe f�r Mortg�ge Insuran�e,and they wfll nat ent�tle Barrawer�o any refund. {b} Any su�h agreernent�will nat affect the rights Barrower has�-if any-with re�pect to the Mvrt�a�e Insurance under the H�meowners Frotect��n Act nf 1�98 or any other lavv.These rights rr�a�include the right t�rece�ve cer��in disclasure�,ta request and abta�n Cancellativn of the Mart�age Insuranc�,to have the Mortgage�nsurance terrninated aut�matical�y,andlar#o r�cei�e a refund of any 1Vl�rtgage Insu�ance premiums that were un�a�rned at the tiroe of such Cancel�ativn or terminatiun. '�1. Assi�nmentaf�Aisce�lan�vusPrviceeds;For#ei�ure.A�i N.��sGellane�us Proceeds are hereby assign�d to and shali�ae pa�d to Len�ier. If the�'roperty is dama�ed,such Misce�Ianeaus Pra�eeds sha��be applied to restora�ian or repair Qf the Property,if th�restoratzon or r�pair is ec�nQrnica[ly f�a�i��e and L�nder's seGurit�is no�l�s��n�d.During such repair and restoration per�od,Lender shall�aav�the right to hold such?V1i�cel�aneous P�oceeds until Lender has had an c�pportunity to inspect such Froperry to en�ure th�e vvark ha�been completed to Lender's satisfa�tion,providcd that such insp�etion shall b�und�rtakcn prompt�y, Lender rnay pa�for the repairs and restoration�n a sing�e disb�rsem�nt�r in a series of progress payments as the�vark is carnplet�d.Un�ess an a�eemer�t is mad�in vvri.ting or App�ic�.bie�.aw requ�r�s interest to be paid on such Miscellaneous�r-oceeds, Lende�sha�l not be required to pay Bt�rrower any int��rest qr ea�nings�n such il�isce��aneous Pr�ceeds.If the restoratian or repair�s no#�conomically feasible or Lender's se�urit�t�rou�d be lessened,the Misce[laue�us Proceeds shall.be app�ied to th�su�m.��ecure�bu this Security Instrurnent,whether�r not th�n due,with�he excess, if any,paid to Borro�ver. Such Miscellanec�us procee�ls shall be app�ied in the or�ier pravis�ed for in S�ct�an 2. ln thc ev�nt of a to#al takin�,d�estructian,ar loss in.�alue of the Property,the Miscellaneous Prace�ds shai� be applie�to the sums secur�d b�this Security Instrument,�vhe�h�r ar n�t then du�,with th�excesS,if any, �aid ta$nrr�w�r. In the e�ent of a partial taking,destruction,ar loss in�alue of t��e F�ro�erty in which the fair rnarket value of the P�aperty�mmediatel�befor�the partia�tal�ing,d�StrUCti�n,ar lass i�value is equa�to or greater than the amount of th�su�ns secur�d by th�s Se�►arity Instrument�mmediate�y�aefore the partial taking,�e��ru�tion,or loss in value,unless Barr��ver and Lender otherwi�e agree in�riting,the su�rn�secured by this S�cur�ty Instrumcnt�hail bc reduced by the amount of the M�scellan��u�Proc�ed�multiplied by the foll�w�ng fract�an: (a}the t�tal arrYount of th�sums se�ur�d imm�diately b�fore the partial taking,destruction,or lass in v��ue divid�d by(1��the fair market va�u�af the P�aperty immediateiy bef[�r�the par�ial tak�ng, d�struction,o�-loss in value.Any ba�ance sha�i be pa�d to�3orrower. �n the e�ent of a partia�taking,destruction,ar Ioss in�alue of the.�roperiy in wh�ch�he fau-market value af the Prop�rty immediatel�'��fare the partial taking�destxucrion,or�oss�n�alue is l�ss than the�maunt of the surns�ecured imm�d�ately before the pa�rtial taking,destru.ctiQn,or toss in�a�ue,unless Bqrrower and Lender otherwise a�ree in wr�ting,the Miscellaneous Proceeds sha�l�be applied to the�urn�s��cured by thi� S�curity Instrum�nt wheth�r or not the sums are then du�. If th�Prflp�rty is abandaned by Borr�«er,or if,after rtotice b�Lend�r�.o Borrower th�.t the�pposing P�.rt� �as defined in the next sentence)affers to make an award to settle a claim for damages,Borrawer faiis ta respond to Lender within 3Q day�af�er the date the notice is given,Lender is authori2ed to co��ect and apply �he Miscellaneous Proceeds either�o restara��on or repair af the Praperty o�to�he sun�s secured by thi� NESRASKA-Sing�e Famlly-�annie MaelFreddle M��UNIF�RM iNSTRUMENT WITH MEaS Form 30�8 1I01 VMP� UMR6A(4�E]{�34�}.44 Wolter�t ltluwer Financiai Sen►ices Page 90 af 17 qfl3338ig56�9 a233 593 1�17