|
2� 1 �� 1 �75
<br /> �a} Ar�y�uch agreements will not affe�t the amounts that B�rrower has a�reed tv pa�f�r Mortgage
<br /> Insuxance,Qr�ny other terms af�he Loan.Such agreements will not increase the amount
<br /> Borrav�er will�we for Mvrtga�e Insurance,and they�ill nat enti�le Bvrrower to any refund.
<br /> �b� Any such agreements will not affect th�rights Borrower ha�-if an�r-with respect to�he
<br /> Mortg�ge I�Surance under the Hvmeowners Protection Act af 1998�r any other lav�, These rights
<br /> rri.ay include the right to receive certain d�scl�sures,to request and obtain cancellation of the
<br /> Nlartgage Insuran�e,to ha�e the Mortgage Insurance terminated autvmati�ally,andlar�o rece�ve
<br /> a refund of any Mortgage Insurance premfums that�vere unearned at the time�f such
<br /> can�ellatian�r terminatian.
<br /> '11. A�signmentof MiscelianeousProceeds;Forfei�ure.Al1 Miscellaneous Proceeds are her��y assigned to
<br /> and sha11 be paid to Lender.
<br /> �f the Property is darnaged, such Mi�cellaneous Proceeds sha11 be applied to restoration or repair of the
<br /> Praperty, if the restora�tion or repau is economical�y feasible and Lencier's security is not lessened. �uring
<br /> such repair and restoration periad,Lender shall have the right to hold such Miscellaneous Proc�eds un.ti�
<br /> Lender has had an opportunity to�nspect such Pr�perty to ensure the work has been completed to Lender's
<br /> satisfact�or�,provided that such�nspectinn�ha��be undertaken promptly. Lender ma�pay f�r the repairs and
<br /> restQration in a single disbursement or in a series of progress�ayments as the work�s completed. Unless an
<br /> agreemen.t is made in wr��ing or Applicab�e Law requues interest to be paid on such Miscellaneau�Proceeds,
<br /> Lender sha11 not be requ�.r�d to pay Bor�rawer any interest or earnir�gs on such Miscellaneous proceeds. If the
<br /> restoration or r�pair i�nat economically f�asible or I�enc��r's security�vould�e lessened,th�Mis�ellaneous
<br /> Proceeds sha11 be appli�d ta the sums secured by this Security Instrument,�vhether or not then due,with the
<br /> excess, if any,paid ta B�rrower. Sueh Miscellaneous Proceeds sha11 be applied in the order provided for in
<br /> Se�t�on 2.
<br /> In the event�f a total ta.king,destruction,or�ass in value of the Property,the Mi�ce��an�ous Proce�ds shall
<br /> be appl�ed to the�ums secured by this Security instrum�nt,�he�her or not then due,vvi�h the excess, if any,
<br /> paid to�orrower.
<br /> In the event of a partial taking,destruction,or loss in va�ue of the Property in t�hich the fa�r market value of
<br /> the Property immediately before the part�al taking,des�ruction, or loss in value is equa�to or greater than the
<br /> amoun.�of the sums secured by this Sec�ri�In�trument immediately before the partial taking,destruction,or
<br /> loss in�alue,unless BorrovUer and Lender otherwise agree in�riting,the sums secured by thi�Security
<br /> Instrument shall be reduced by the amount af the M�scel�aneous Proc�eds mu�tiplied by the following
<br /> fraction: (a}the tota�arnaunt of the sums secured�mmediately before the partial ta.king,destruc�ion,or loss
<br /> in value divided by(b�th�fair market value of the Property immediately before the partial taking,
<br /> destruction,or loss in�a1ue.Any balance shall be paid t�B�rrower.
<br /> In�he e��nt of a p�rtial taking,destructian,ar�oss in value of the Property in which th�fair market value af
<br /> th�Praperty imm�diately before the partia�taking,destruct��n,ar loss in value is�ess than the amount of the
<br /> sums secured immediate�y before the par�ial taking, destruetion, or loss in value,unless Borrower and
<br /> Lender ot�erwise agree in tivriti�g,the Miscellaneous Proceeds sha11 b�applied to the sums�ecured by this
<br /> Security Instrument whether or nat the surns are then due.
<br /> If the Praperty is abandoned by Borrower,or if,af�er notYc�by Lender�o Borro�ver that the�pp�sing P�
<br /> (as defined in th�nex�sentence)offers to make an aw�rd to settle a cla�m for damages,Borrower fails to
<br /> respond to Lender within 34 days af�er the date the notice is given,L�nder is authori�ed to callect and apply
<br /> the Miscellaneous ProGeeds either t�re�toration ar repair of the Pr�perty or to the sums secured by this
<br /> NEBRASKA-Si�gle Fami�y-Far�nfe MaelFreddie Ma�UN#FaRM INSTFiUMENT WlTH MERS Form 3�28"�1�1
<br /> VMR� 11MPfiA�NE)�1342).44
<br /> Vllolters Kluwer Financ�al5ervices Page ig af 17
<br /> q�3353422542 �233 ZG7 1�17
<br />
|