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201607000
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Last modified
7/24/2017 4:03:33 PM
Creation date
10/21/2016 10:01:00 AM
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DEEDS
Inst Number
201607000
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2� 1 ��7��� <br /> �a� Any such agreements vvili not�ffect th�amounts that Barrower has agreed ta pay for i�i�r�gage <br /> Insurance,vr an�vther terms�f the Loan.Su�h agreements will not increase the arnaunt <br /> B�rrower will owe fQr Martgage InsuranCe,and they will not entitle Borrower to any refund. <br /> �b} Any such agreements will not affect the rights��rrvv�er h�s-if any-v�th respect t�the <br /> Mortgage Insurance under the Hame�wners Protection Act vf 1998�r any�ther law.These rights <br /> may include the righ��v receive certain d�sclosures,t� request and Qb#ain cancellation of the <br /> Mortgage Insurance,to h��e�he MQrtgage Insurance terminated�utamati�al�y,anr�or t�receive <br /> a refund af any Mortgage Insurance premiums that were unearned at the time of such <br /> Can�e�ia�ion ar�ermination. <br /> '�'I. Assi�nmentof Misc�IlaneousProc�ds;ForFeiture.A��Misce��aneous Proceeds are hereby assigned to <br /> and sha�t be paid to Lender. <br /> If the Property is damaged,such Miscellaneous Proceeds sha11 b�applied to re���rati�n ar repair of the <br /> Froperty, if the restoratian.or repau is economical�y feasible and Lender's securrty is no�lessened. During <br /> such repair and restoration period,Lender sha11 have the right to hold such Miscellaneous Proceeds unti� <br /> Lender has had an oppartunity to inspect such Property to ensur�the work has been comple�ed ta Lender's <br /> satisfacti�n,provided that such inspecti�n�ha11 be undertaken promptly. Lender ma�r pay for the repair�and <br /> restoration in a sing�e d�sbursement or in a series af progr�ss payments as the work is cnmpleted.Unless an <br /> agreement is mad��n writing or Applicab�e Law requires interest to be gaid an such Miscellaneous Praceeds, <br /> Lender�hall n�t be required to pay Borro�ve�r an��nterest or earnings on such Miscelianeaus Procee�s. If the <br /> restoration or repair is not ecanomically feasible or Lender's s�curity would be le�sened,t�.e Miscel�aneous <br /> Proceeds sha11 be applied to�h�sums s�cur�d by this Security Instrument,wheth�r or not then due,�vith the <br /> excess, if any,paid to Borrotiver. Such Miscellaneaus Proceeds shall be applied in the ard�r provided fnr in <br /> Section 2. <br /> In the event of a total�ak�r�g,destruction,ar lass in value of the Pro�aerty,the Misce�laneous Proceeds sha11 <br /> be applied to the su�ns secured by this Securi�y Instrument,�rh�ther or not then due,�vith the excess, if any, <br /> paid to�orrou��r. <br /> In the event of a partial taking,destructian�or��ss in value of the Property in�hich the fair market vat��of <br /> the Pr�perty immediately b�fore the partial tak�ng,destruction,ar loss in value is equal to or greater than the <br /> amount of the sums secured by this Security�ns�ru.ment immediately before the pa.�tia1 taking,destruction,ar <br /> Ioss�n value,unless Borrower and Lend�r oth�r�vise agree in writing,the sums secur�d by this Security <br /> Ins�rument shall be reduced b�the amount of the Miseellaneous Praceeds multiplied by the f�llowin� <br /> fraction: (a}the t�t.�.l amount of the sums secured immediately before�h�partial taking,destruction,or loss <br /> in value divided by(b)the fair market�a1ue of the Proper�immed�a�ely b�far�the partial taking, <br /> destruction,or loss in va�ue. A►a�y balan�e sha11 be paid to Borrawer. <br /> In the event of a par��al taking,destruct�on,or�oss in�alue af�he Property in�hich the fa�r market vat�.e of <br /> �he Property immediately before the partial tak�ng,destruction,�r�oss in value is less than the am�unt of the <br /> sum5 secured immediately befare th�partial ta.��ng,d�stru��ion,or loss in value,unless Borro�ver and <br /> Lender otherwise agree in writing,the Miscellaneous Proce�ds shall be applied t�the sums secured by this <br /> Security Instrument whether ar not the sums are then due. <br /> If the Property is abandoned by Borrower,or if,after not�ce b�Lender�o Borrfl�ver that the�pposing Party <br /> (as defined in the nex�sentence}off�r�t�make an a�ard to settle a claim for damages,Borrower fails to <br /> respond to Lender�v�th�n 3�days after�he date the notice is gi�en,Lender is authorized to collect and appl� <br /> the Miscellaneous�'rflceeds either to res�ora��on or repai�of the Property or to the sum�secured by this <br /> NEgRASKA-5��g�e Family-Fannie MaelFreddie Mac UN1FaR�INSTRLIMENT WfTH MERS Form 3028 1104 <br /> VMP C� VMPBA�NE}{13D2).40 <br /> Vld�f#ers Kluwer Ffr�a�tciai Services Page 14 af 17 <br /> q43363614665 4233 515 1417 � <br />
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