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201602361
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Last modified
7/23/2017 10:46:59 AM
Creation date
4/20/2016 1:47:29 PM
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DEEDS
Inst Number
201602361
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2� 1 ��23� 1 <br /> 4�] An�such a�reements yvi�l not affect the amvunts that Borrower has agr�ed ta pay for Mortgage <br /> Insurance�vr any ather terms nf the Lo�n.�u�h agreements will n�t increase the amaunt <br /> Borrvwer will owe fv�Mortgage Insuraace,an+d they will nvt entitle Borrawer ta any refund. <br /> �b� Any su�h agreements will not affe�t the ri�hts Barrvw�r has-if any-v�ith respect#o�he <br /> M�rtgage Insurance under the HnmeQwners Frate�tian Act vf 199$�r any o�ther��w.These rights <br /> may�nclude the right to receive certain disclasuresa ta re�uest and vbtain caneellatian of the <br /> Mortgage Insurance,to have�he M�rtgage Insurance terminated automati�ally,an�d.lor to receive <br /> a refund of any Mortgage Insurance premiums that were unearned at the time af such <br /> cancellat��n or termination. <br /> 'I'!. Assignmentof Miscel�aneousProceec�s;Forfeiture.Al1 Misce��aneaus Pr�ceeds are hereby assigned to <br /> and sha11 be paid to Lender. <br /> I�the P�aperty is da�naged,such�i�c�l�ane�us Proceeds sha�I he a�plie�i to�estoration o�repair o�t�e <br /> Property,if the rest�ration or repair is economieally fea�ible and Lender's security is nat Iessened. During <br /> such repai�and restoration periad,Lender sha11 ha�re th�right to hold�uch Miscellaneous Proceeds un�il <br /> �end�r has ha�an opportun.ity to ix��pect su�h Property ta ensure the'vc�or��as�been campleted to Len�er's <br /> satisfaction,provided that such inspection shal�be undertaken pr�mpt�y.Lender m�y pay for�he repairs and <br /> r�storation in a single disbursement or in a series af progr�ss pa�ments as the�vork is comp�eted.Unless an <br /> agreement is made in�vriting ar Applicable Law requires interes��o be paid on such Misc�llaneous Proceeds, <br /> Lender sha�l not be required to pay Borrower any inter�s�or earnrngs on such Miscellaneous Proceed�. If the <br /> restoratiQn or repair�s not ecanomica�ly feasible ar Lender's securit�would be lessened,the Miscel�aneous <br /> Proceeds sha11 be applied to the surxz.s secured b��h�s Security Instrun�ent,whether or not then du�,with the <br /> excess,�f any,pa�d to Borra�rer. Such Misce��aneous Proceeds shall be applied�n the order provided far in <br /> Section 2. <br /> In the event�f a t4ta1 taking,d�structi�n,or loss in value�f�he Property,the Miseellaneous Proceeds shali <br /> be applied to the sums secured by this S�curity Instrument,�vhether or not th�n du�,with the excess, if any, <br /> paid to Bnrrower. <br /> In the event of a par��al taking,destruction,or loss in value of the Praperty in which��e fau marl��t value of <br /> t�e�'ro�ert�imrr�ediatel�bef���the partial ta��ng,t�estructi�n,or lass i�val�e is equal�o or�reater than the <br /> amount Qf the sums secured by this Securit�r Instrument immediately b�fore�he partial ta.kingp�VS41 LlCL�1�n9 or <br /> �ass in�a1ue,unless Bort�wer and Lender otherwis�agree in writing,the sums�ecured by this Security <br /> Instxurnent shall be reduce�l by the amount of the IVlisce�laneous Proceeds multiplied by the following <br /> fraction: (a�the total amount of the sums secured in�med�ate�y befor�the partial ta.king,destruction,or�oss <br /> in value divided by(b}the fair marl�et�a1ue of th�Proper�y�mmediately before the partial taking, <br /> destructi�n,or 1�ss in valu�.Any balanc�sha11 be paid to Borrower. <br /> In the event of a part�a�taking,destruction,�r lass i.n value of the F'raperty in vvhich the fair mar�et�alue of <br /> t��P�v��rty imm�t��ately b��a�e the partial tal�i�g,�estruction,or loss i�va�lue is les�than the amount of the <br /> sums s�cured immediately befare t�ie par�ial taking,destruction,or l�ss in va�ue,unless Borrower and <br /> Lender otherwise agree in�vr�ting,the Misce�lane�us Proceeds sha11 be app�ied�o the sum�secured by this <br /> �ecurity In�trument wheth�r or not the surns are then due, <br /> If the Property i�abandoned by Borrower,or if,af�er notice by L�nder ta Borrower that th��ppasing Part�r <br /> (a�defined�n�he next sentenc���ffers to make an award to sett�e a claim for damages,B�rrvwer fa���s to <br /> respond to Lender within 3�days after the date the not�ce is given, Lender is authorized to collect and a�ply <br /> the Miscel�aneau�proceeds either to restoration or�epair of the Property ar to the sums secured by this <br /> NEBRASKA-Single Fami�y-Fannie MaelFreddie Mac LJNIFORM INSTRUMENT W1TH MERS Farm 3428 11❑1 <br /> VMP� 11MPfiA(NE}(1342}A4 <br /> Wolt�rs Kl�awer Ffnanciaf Services Page 14 of 1� <br /> q�335429D592 �Z33 34G 1�17 <br />
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