|
��1 5����7
<br /> .
<br /> �
<br /> �a}A.ny such a�r�ements will na�affect�h�amoun�s�hat�orrawer has agreed to pay fvr Mor�gage�nsurance,
<br /> ar any other�erms vf the Loan.Such agreements will not increase the amount Borrawer will owe for Martgage ,
<br /> Insuran�e,and they wi�l not ent�tle Borrower to any refund.
<br /> (b}Any su�h �breements wrll nofi affe��the rights Sorrow�r has—�f any—wi�h respec�to �h�e Mortgage
<br /> Insurance und�r the Homeowners Protect�on�ict of 1995 ar any other�aw.These rights may incZude the right��
<br /> receive certain dxsclosures,to reque�t and nb�axn cancellation af the Mortgage Insuran�e,ta ha�e�he Mor�gage
<br /> Insuran�e terrn�nat�d automat�cai�y,andlor��rece�ve a refund of any M�r�gage Insuran�e premiums�hat were
<br /> unearned at the time af su�h caacella�ion�r terminat�an.
<br /> 11.Assignmenf af Misce��aneous Proceeds;Farfei�ure.All Misceilane�us P�aceeds are h�reb�assign�d to and
<br /> shali be paid�o Lender, .
<br /> If the Proper�y�s darnaged,such Miscel�aneous Proceeds sha�l be app�ied�o resfioratian o��repair�f the Prope�y,�f
<br /> the restoration or r�pair is�conamically feasibl�and Lend�r's secur�ty is no��essened,Uuring su�h repair and restora�ion
<br /> �eriod,Lender sha11 ha�e the right t�ho�d such Miscel�aneous Proceeds untii Lender has had an oppor�unity ta inspect
<br /> such Proper�y to er�sure the w�r1�has been�omp�eted to Lender's sati�faction,pr�uided tha�such inspectian shall be
<br /> under�aken prompt�y.Lender may pay for the repai�rs and restoration in a singl�disburs�ment�r�n a series of progress
<br /> payments as the wark is c�mp�e�ed.Unless an ag�eement is made in writing or Applicab�e La�r reauxres in�erest t�be
<br /> paid on such Misceilane�us Pr�ceeds,Lender sha�I not be requ�r�d�o pay B�rrower any in�erest or earnings on such
<br /> Miscellaneous Proc�eds.Ifthe res�oratian or repair�s nat econornical�y feasibl�or Lende�r's security�vouid be lessened,
<br /> the Miscellaneaus Proceeds shall be ap�lied to the sums secured by t�is Security Zns�rument,vvhether o�no�then due,
<br /> wi�h the excess, if an�,paid t�Borrower, Such Miscellaneous Praceeds shall be appiied in t�e arder pra�ided f�r�n
<br /> Section�.
<br /> �n�h�event af a to�a.�taking, destructi�n,or ltiss in value of the Praperty,the Mis�ellaneou�Proceeds shall�e �
<br /> appli�d to the �ums secured by this Security �nstrumen�, whether ar no�then �ue, vvi�h the excess, if a.ny, pa�d to
<br /> B arrower, .
<br /> �n the�vent of a partial taking,destruGtian,�r l�ss�n value af the Property in whiGh�he fa�r�naxke�valu�of the � -
<br /> Property immediately before the pax-tial�aking,des�ruction,or loss zn�a.�ue is equa?to or gr�a�er than�he amaunt of th�
<br /> sums secured by�his Se�urity Ins�rument immediately befare the partial taking,destructian,ar�oss in�a�ue,un�ess
<br /> Barrower and Lender o�herwise agree in vvri�ing,the sums secured by this Securit��nstrument shall be reduced by the
<br /> amount of the Mis�eilaneous Proceeds mul�iplied by�h�follotiv�ng fraction:�a��he�a�tal amount af the su�ns secured
<br /> immed�ately before the par�ial taking,destruc�ion,or l�ss in valu�di��ded by�b}th�fair marke�value af the Proper�y ,
<br /> �mmed�ate�y befare the partial takin�,destruction,or Ioss in vaiue.Any balance shall be paid to l�o�rrovver.
<br /> In the e��nt of a par�ial takinb,destructian, or la�s in ualue af the Property in whzch�he fair marke�va�ue of the
<br /> Property immedi ately before the partia�takzng,destruc�iana or ioss in�ralue is less than the amnunt of�he sums secured
<br /> immedia�ely before the partial tak�ng, destructian, or loss in value,unless Borr�wer a�.d Lende�otherwise agre�in
<br /> wxiting,the Misce�ianeous Proceeds shall be appl�ed to�he su�r�s secured by th�s Securi�y Instruxnent whether or not�he .
<br /> surns are then due.
<br /> �f the Property is abandoned by B�rrowe�r,or if,after notice by Lender t�Barrower�ha�the�pposrng Party�as
<br /> defined in the n�x�s�ntence}�ffers t�make an award to settle a claim for damages,Borrovver fails to respond�o Lender
<br /> within 3�days after the da�e�he n��ic�is gi�en,Lender is auth�rzzed to c��Ie�t and app��the Misc�llaneaus Proceeds �
<br /> either to res�oration�r��pa�r of the Proper�y or to�he sums secured by this Secur�t�r rns�rument,whe�ther or not�hen due. �
<br /> "appos�ng Party"means the third party that owe�Borrav►�er Miscellaneous Proceeds or�he par�y against�uahom Borrovtrer
<br /> has a�ight�f acti�n in regard ta Misce�Ianeous Praceeds. �
<br /> Borrower shaii be in defaul�if any action ar proceeding, �vhether ci�zl �r cr�mina�, is begun�hat, in Lender's - �
<br /> jud�men�,could result xn farfe�ture of the Prape�-ty or�ther rnateria�impairment�f Lender's interest in the Proper�y ar .
<br /> righ�s under this S�curi�y 7nstrum�nt.Barrower can cure such a defaul�and,if acceleration has accurred,reinstate as �
<br /> pravided in Sect��n 19,by causing the actian or proceedzng�a be dismzssed with a ruling�hat,in Lender's judgment,
<br /> precludes forfeitur�of the Proper�or o�her material impairmen�of Lender's interest in�he Pr�per�y ox righ�s unde�t�is
<br /> Securit��nstrument.The proceeds of any a�vard��r claim far damages that are attributab�e to the irnpa.i.rmen��f Lende�'s
<br /> interest in the Property axe h�reby assigned and sha��be paid�a Lender.
<br /> NEBRASKA-Single Family-Fa�nie Mae�Freddi�Mac UNIFORM�NSTRUMENT with MERS Form 3DZ� 11�1
<br /> Page B of 13 ,
<br /> ins,in�, 6orrawer�s}Ir�itEais L��
<br /> �
<br />
|