2� 1 ��88��
<br /> �a} Any such agre�ments wi��nat affect the amounts that Barrower has agreed tv pay for Mortgage
<br /> Insurance,or�ny other terms af the L�an.Such agreements will n��increase the amaunt
<br /> Borrower wil�nvve for M�rtgage Insurance,and they wil�nat entit�e Borrower to any refund.
<br /> ��} Any such agreements will not affeet the rights Borrower has-if any-with respect ta the
<br /> Mortgage Insurance under the Homeowners Protecti�n Act of 1995 vr any other law. These rights
<br /> may include the right to receive certain disclosures,tn r�quest and obtain cancellati�n af the
<br /> Martgage Insuran�e,to h��e the Morxgage Insurance term�na�ed aut�matically,andlar ta recei�e
<br /> a�efun�l of any Martgage Insurance premiums that were unearned at the time of su�h
<br /> cancellation or t�rminatian.
<br /> 'I'�. Assignm�rttof IViis�ellaneous�roceeds;Farfei�ur�.Ali Misc�ilaneous Proceeds are hereby assigned to
<br /> and shal�be paid�o Lender.
<br /> If the Prop�rty is damaged, such Misce��aneau�Proceeds sha��be applied to rest�ration or repair af the
<br /> Property, if the restoration or r�pair is eeonomically fea�ible and Lender's security is not lessened. During
<br /> such repa�r and restoration period, Lender shall have the right to hold such Mis�ellaneous Proceeds until
<br /> Le�der has had an opportun�ty to rnspect such Praperty ta ensure the�vork has been camp�e�ed ta Lender's
<br /> satisfaction,pro�ided that�uch insp��tion sha11 be undertai�en promptly. Lender may pay for th�repairs and
<br /> restoration in a single disbursement or in a��ries of progr�ss payments as the work is completed. �[.Jnless an
<br /> agreement is mad�in writing or Applicable Law requires interest to b�paid on such Miscellaneous Proceeds,
<br /> Lender shall not be required�o pay Borrower any interest or earnings on su�h Miscellaneous Proceeds. If the
<br /> restoration or repair is not economically feasible or Lender's security would be �e�sened, the Misc�llaneous
<br /> Proceeds sha11 be app�ied to the sums secur�d by this Security Instrun�ent,whether or not then due,with the
<br /> excess, if any,paid to Borraw�r, Such Miscellaneous Pro�eeds shall be applied in the order pro�ided for in
<br /> Section 2,
<br /> �n the event af a total taking,destructi�n,or loss in�alu�of the Proper�y,the Miscellaneous Pro�eeds sha11
<br /> be applied to th�sums secured by�his Security Instrurrient,whether or not then du�,with the excess, if any,
<br /> paid to Borrower,
<br /> In the event of a partial taking,destructio�,qr loss in value af the Property in�hich the fair market�alu�of
<br /> th�Propez-�y i.mmediateiy before the partiai�ta.king,des�ruction, or Ioss in value is eauai to or�reater than the
<br /> amount�f the sums secured by�his Security instrument immediately before the partiai ta.king, destruction, or
<br /> loss in�a�ue,unless Borrower and Lender otherwise agree�n vvriting,the sums secured by this Security
<br /> Instrumea�sha11 be reduced by the amount Qf t�e It��scellaneous I'roceeds multip��ed by�he fo��ow�ng
<br /> fraction: (a}the total amount of the sums se�ured immedia�ely before�he partial taking, destructian,or�oss
<br /> in�alue divided by��a}the fair market valu�of th�Property immediately before the partia�taking,
<br /> d�struction,or�oss in�alu�. Any ba�anGe sha�l be paid to Barrawer.
<br /> �n�he e�ent af a partia�taking,destructi�n,or loss in value af the Praper�y in which the fair market�a1ue af
<br /> �he Property immediately before the partYal ta.�ing,dest�-t�ctrdn,vr�oss r�.�a�u�is Iess than the ar�zount of the
<br /> sums secured immediate�y before the partial ta.kin�, destruction, or loss in valu�,unl�ss Borrower and
<br /> Lender�ther�vise agree in writing,the Miscellaneous Proceeds sha1�be applied�a the sums secured by this
<br /> Security Instrument whether or not the sums are then due.
<br /> �f th�Property is abandoned by Bonower, or if,after n�txce by Lender to Borrower that the flpposing Party
<br /> (as def ned�n the ne�t sentence}offer�t�rr�ake an a�ard to set��e a claim for�amages,.Borrower fails t�
<br /> respond�o Lender within 30 days after the date the notice is given,Lender is authorize�to co�l�ct and apply
<br /> the Miscellaneous Proceeds either to res�oration or repair of the Property or to the sums secured by thi�
<br /> NEBRASKA-5ingle Family-Farinie MaelFreddi�Mac L1NIF�RM INSTRUMENT WITH MERS Form 3fl28 1101
<br /> VMP� VAIIPfiA(NE)�13�2}.UO
<br /> Wolters Kluwer Finar�ciai Services Page 1�of 17
<br /> q�3366362297 a233 442 1�17
<br />
|