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201507596
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Last modified
7/21/2017 1:40:03 PM
Creation date
11/3/2015 1:04:39 PM
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DEEDS
Inst Number
201507596
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2� 15�759� <br /> to recei�e a refund of any Martgage Insurance premiums that were un�arned at the time of <br /> such cance�lation nr t�rminatian. <br /> 'I'I.Assignment of Mis�ellaneous ProG�eds; Forfeitur�.A11 Miscellaneous Proceeds are hereby <br /> assigned�o and sha11 be paid to Lender. <br /> If the Proper�y is damaged,such Miscellaneous Proceeds shall b�app�i�d t�restorataon or repair of the <br /> Praperty,if the rest�ra�ion ar repair is ecanamr�ally feasible and Lender's se�urity is not lessened.I]uring <br /> such repair and restoration peri�d,Lender shal�have the right to hold such Mis�ellaneous Pra�eeds unti� <br /> Lender has had an Qpp�rtunity t�inspect su�h Fraper�y t�ensure the w�rk has be�n completed t�L�nd�r's <br /> satisfaction,provided that such inspection sha��be un�er�ak�n promptl}�.Lender may pay far th�repairs <br /> and restoration in a single disbursement ar in a series of progress payment�as�he work is completed. <br /> Unless an agr�ement is made in vvriting or Applicable LaW requires inter�st ta be pa�d on such <br /> Misce��aneous Pr�ceeds,Lender shal�not be required�n pay Borrower any interest or earr�ings on such <br /> Miscellaneous Proceeds.If the restoration or repair is not ec�nomically feasible ar Lender's security <br /> would be lessened,�he Mis�ellane�us Praceeds shall be applied to the sums secured by this Security <br /> Ins�rument,�vhether or not�h�n due,wi�h the ex��ss,if any,paid�a Borrower. Such Miscellane�us <br /> Pr�ceeds shai�be applied in the�rder pravided f�r in Section 2, <br /> In the���nt of a total taking,d�struction, ar�oss in value af the Pr�perty,the M�sce�Ianeous Proceeds <br /> sha11 b�applied to the sums secured by this Security Inst�ument,v�rhether or not then due,vvith the�xcess, <br /> if any,paid t�Borrower. <br /> In the event of a pa�tial taking,de�truction,or loss in value of the Property in Whi�h the fair market value <br /> �f the Property immediately before the partial tal�ing,destruction,ar loss in valu�is equal ta ar greater <br /> than the amount af the sums secu.red by this Security Instrument immed�ately bef�re the part�al taking, <br /> destructian, or loss in value,unless B�rrower and Lender�therwise a�ree in writing,the sums s��ured <br /> by this S�curity Instru.ment sha11 be reduced by the amaunt of the Miscellaneous Proceeds multiplied by <br /> the f�llow�ng fraction: �a}the t�ta�amaunt of th�surns secur�d immed�ately before the par�ial taking, <br /> destruction,ar lass in value divid�d by(b}the fair market value af the Property�rnrnediately b�fore the <br /> partial taking, destruct�an,or loss in value.Any balance sha11 be paid to B�rrovver. <br /> In the event of a par�ial tak�ng,des�ruc�ion,or ioss in value of the Pr�per�y in which the fair market value <br /> of the Property imrnediately before the partial taking,destru��ion,ar loss in value is less than the amount <br /> of the sums secured immediately before the partial taking,d�struction,or loss in valuey unless B�rrow�r <br /> and Lender�therw�se agree in writing,the M�scellaneous Prac�eds sha�1 be applied��the sums secured <br /> by this Security Instrum�nt v�he�her or not the sums are then du�. <br /> _ If the Property is abandoned by Borrower,or if,after n�tice by L�nder to B�rrov�er that the�ppos�ng <br /> Party�as def ned in the next sentence�offers to make an avv�rd to settle a claim far damages,Bn�-rawer <br /> fails to respond ta Lend�r vvithin 3�days aft�r the date the notic�is gi�en,Lender is autharized ta c�llect <br /> and apply the Miscellaneous Proceeds either ta rest�ratian or repair of the Property or ta the sums secured <br /> by�his Security Instrument,vvhether ar not then due. "�pposing Party"means the third party t�at awes <br /> Borrovver Misceilaneous Pro�e�ds or the party aga�nst vvhom Borrower has a right of acti�n in regard ta <br /> Miscelianeaus Pr�ceeds. <br /> HCFG-�0359 <br /> NEBRASI{A-5ingle Famiiy-Fannie MaelFreddie Mac L1NIF�RM INSTRUMENT Farm 3Q28 11d1 <br /> VMP� <br /> �31�5 <br /> Wolfers Kluwer Financia[Services 20'f 514�915.2.2.329S-J2D15fl5�6Y Page 10 af 17 <br /> * 3 4 26�52 0* <br />
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