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2� 1 ��5491
<br /> �a} A.ny such agreements w�.11 not�ffect the arnvunts that Borrower has agreed t�pay fvr Mortgage
<br /> Insurance,or any vther�erms of the L�an.Su�h agreements will not increase�he am�unt
<br /> Borrower w�ill owe for Mortgage Insuranee,and�hey w��l not entitle�arrower to any refund.
<br /> �b� Any such agreement�will not affec�the rights B�rr�wer has-if any-with respect ta�he
<br /> Mortgage InsuranCe under the Homeowners Frotectian Act Qf 199$or�ny other law.These righ�s
<br /> may include the right to receive certain disclosures,tv request and�btain cancellation of the
<br /> M�rtgage Insuran�e,ta ha���he MQrtgage Insurance�erminated aut�rn.atically,and/or to receive
<br /> a refund of any Mortgage Insuran.ce premiums that v�ere unearned a�the time�f such
<br /> �ancellativn tir term�nati�n.
<br /> 1'I. Assignmentof�#isceilanevusProceeds;Farfeiture.A�l Miscellaneous Proceeds are hereby assigned to
<br /> and�hall be paid to Leader.
<br /> If the Propert�is damaged, such M�scellaneaus Pr�ceeds sha11 be appliecl to restoration or repair of�he
<br /> Property, if the res�oratian or repair is economically feasible and Lender's security is not�essened, During
<br /> such r�pair and restoration period,Lender shal�ha�e the right to ho�d such Miscellaneous Proceeds unti�
<br /> Lender has had an opportunity to inspect such Praperty to ensure the work ha�been completed to Lender's
<br /> satisfa�tion�provided that sueh inspecti�n shall be under�ken promptly. Lender may pay for the repairs and
<br /> restoration in a single disbursement�r in a series of progress payments as the work is c�mpleted. Unless an
<br /> agreement is made in writing or Applicabie Law requires ir�terest to b�paid on such Miscellaneous Proceeds,
<br /> Lend�r sha11 not be required to pay Borrower any interest or�amings on such h�Iiscellaneous Proceeds. If the
<br /> restaratian or repair is not economically feasible or Lender's security would be 1e�sened,the Misce�laneous
<br /> Proce�ds sha11 be applied to the sums secur�d by this Security�nstrument,whether or not�h�n due,w�th the
<br /> excess, if any,paid to Borrower. S�ch Miscellaneous Pr�ceeds sha11 be applied in the order provided for in
<br /> � S�ction�.
<br /> In the event of a to�a.l taking,destruction,or loss in�a�ue of the Praperty,the Miscellaneous Proceeds sha1�
<br /> be applied ta the sums secured by this Securi�ty�nstrument,whether or not then due,with the excess, if any,
<br /> paid to Borrower.
<br /> In the ev�n�of a partial ta.king,destructian,vr l�ss in�a�ue�f the I'roperty in�rhich the fau market value of
<br /> �he Prap�rty immediately before th�partial taking, destru�t�on,or lass in�a�ue is equal t�or greater than the
<br /> amount of the sums secured by this S�curity Instrument immediately before�he pa.rtial ta.king,destructian,ar
<br /> loss in�alue,unless Borrower and Lender otherwise agree in vvrrting,the sums secured b�th�s Secur��
<br /> Instrument sha11 be reduced by the amflunt of the Miscellaneous Froceeds multiplied by�he following
<br /> fraction: �a}th�tota.�amount af the sums secured irnmediate�y before the partial ta.king,destruction,or�oss
<br /> in value divided by�b}the fa�.r market value of the Property immediately before the part�al takrng,
<br /> destruction,ar loss in va�ue.Any�alance sha11 be paid to I�orrower.
<br /> In the event of a partial taking,destruction,ar�ass in value of the Praperty in which the fair market value of
<br /> the Property immediate�y before the partial tak�ng,d�struction,or lass in value is�ess than the amount of the
<br /> sums secured�mmediat�ly before the partial taking,destruction,�r loss in value,unless Bonower and
<br /> Lender otherw�se agree in writing,th�Miscellaaeous Proceeds sha�l be applied tQ the sums secured by this
<br /> Secu.r�ty Instrurnent whether or nat the sums are then due,
<br /> If�he Property is abandoned by Borrower,or if,aft�r notice by Lender to Bonower that the�ppos�ng Pa.rty
<br /> (as defined in the next s�ntence)offers ta make an award to settle a claim for damages,Borro,uver fa��s�o
<br /> respond to Lender v��thin 3�days after��.e date the notice is given,Lend�r is authorized to ca��ect an.d apply
<br /> the M�scel�aaeous Praceeds either t�res�oration or repair of�h�Pr�p�rt�y or tQ the sums secured by this
<br /> NEBRASKA-Single Family-Fannie MaelFneddie!Vlac UNIF4RM INSTRUMENT W�TH MERS Farm 3428 1f41
<br /> VMR� VMRBA(NE)[1342}.�
<br /> Wa�ters Kluwer Financial Services Page 14 of'i7
<br /> q�3356�z�179 �z33 43l 1417
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