|
��15�585�
<br /> �a) An.y su�h agreernents wil�not affect the amoun#s th�t Borra�ver has�►gree�to pay far Martg�ge
<br /> �nsuran��,or any�ther t�rms vf the Laan.Such�gr�em�nts will not�n�reas�the�maun#
<br /> B�rrower will awe for Mortga�e Insurance,and they wil�nat entit�e Borr�wer to any refund.
<br /> {b� An.y such agreern�nts will no�affe�t the rights Borr�wer has-if any-with resp�ct to tb�
<br /> M4rtgage Insuran�e under the Homeovr�n�rs Prvtecti�n Act of 1998 or any ather law.These rigbts
<br /> may�nclude th�r�ght t�receive ce�tain dis�l�sures,t�request and nbtain cancells.#i�n af th�
<br /> M4rtgage�nsuran�e,to hav�the Mortgage Insuran�e terminated au�omatiC��ly,andlor to re�eive
<br /> a refund vf an�Mortg�ge Insurance premiums that were unearned at the time af suCh
<br /> ��nce�lati�n�r terminatian,
<br /> �'f. Assignm�n#of Misc�IlaneausProcgeds;ForFeiture.Al�Mi�cel�aneous Proceeds are hereby assigned tv
<br /> and shal�be paid to Lender,
<br /> If the Praperty is dama�ed,such Miscel�aneous Praceeds shall be applied to restoration or repair of the
<br /> Propex�y,if the rc�toration or repair is�conomi�alIy feas�ble and Lender's security is not lessened.Durin�
<br /> such repair and restoration�p�fiod,Lender shall have the right to hold such Misc�llane�us Pr�ceed�until
<br /> Lender has had an opportunit�to inspect such Progerty to ensur�the warl�ha�be�n comple�ed ta Lend�r's
<br /> satisfactian,pr�vided that such inspectian shall be undertak�n prompt�y, Lender rnay pay far the repairs and
<br /> restaration�n a single disbursement or in a series af�rogress payments as the wark is completed�.I�nless an
<br /> agreement is made in wri�ing or App�icable La.w requires interest to be paid on su�h Miscellaneous Proceeds,
<br /> Lender shal�nat be reyuir�d to pay Borro�ver any interest or earn�ngs an such Miscellaneous Proceeds.If the
<br /> restQration or repair is n�t ec�namically feasible or Lender's security would be iessened,the Miscel�aneous
<br /> Procceds shall be applicd to the sums sccurcd by th�s Security Instrum�nt,whether ar not th�n duc,with thc
<br /> excess, if any,paid to Sorrower. 5uch Miscellane�us Praceeds sha�l be app�ied in the arder provided for in
<br /> Secti�n 2.
<br /> In the event of a total tal�ing,destructian,or loss in Walue of the Froperty,the Misce�laneous Proceeds shall
<br /> be app�ied�o the sums secured by this Security Instrument,whether or not then du�,�vith the excess,if any,
<br /> paid ta Barrawer.
<br /> In the event of a partial taking,destruction.,or loss in value af the Property in vvhich th�fair market valu�of
<br /> the Property immediateiy before the partia�taking,destruction,or loss in�alu�is equal tv or grea�er than tbe
<br /> amotust of th�sum�secured by this Security�nstrurnent immediately before the partial takin�,destruction,or
<br /> loss�n valuc,unlcss B�rrowcr and Lender otherwise agree in writing,the sums secured by this Security
<br /> Instrum�nt��ail be redu�ed by�he amaunt of the l�iscellaneous pr�c�eeds mult�plied by th�following
<br /> fraction; (a}the total amaunt of the surns secured immediatel��efore#he partial ta.ki�g,destruct�an,or loss
<br /> in value divided by(b)the fa�r market�alue af the Pr�perty immediately b�fore the partial ta.king,
<br /> destruction,or�oss in valu�.Any balance sha11 be paid to Borro�ver.
<br /> In the event of a partial ta.k�ng,destruct�on,ar loss in value of the Praperty in�vhich the fair market va�ue of
<br /> the Praperty immediately before the partial taking,destruction,or loss in�alue is less than the arnount of the
<br /> sums secured immediately bef�re the partial taking,destruction,or loss in�alue,unless Borrower and
<br /> Lender other�v�se agree in writing,the Miscel�an�aus Praceeds shall be applie�to the surn�secured by this
<br /> Secur�ty Instrument whether or not the sums are then due.
<br /> If the Praperty is abandaned by Barrawer,or if,af��r na�ice by L�nd�r to BQrrow�r that the Dppasing Party
<br /> (as def�ned in the next sentence}offers to make an atn�axd to settle a claim for damages,Bonower fails ta
<br /> respond to Lead�r vvithin 3a days af�er the dat��he notice is g�v�n,Lender is authUri�ed to collect and apgly
<br /> the Misce��aneaus Praceeds eith�r to r��toration ar repair of the Prop�rty or to the sums secur�d by this
<br /> NE6RASKASingle�amily-Fannie MaelFreddie Mac LINIFQRM IN5TRLIMENT WITH MERS Form 3428 1141
<br /> VMP� VMp6A(NEJ�1342).44
<br /> WQlters Kluwsr Fina�cial Services Page 1�ai 17
<br /> q433�3349D84 �233 377 1417
<br />
|