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2� 17�225�
<br /> {a� Any sueh agreements will pot ai�ect the amaunts that B�rrower has agreed ta pay for Mortgage
<br /> Insurance,or any other terms af the Loan.Su�h ag�eements wil�not in�rease the amaun�
<br /> Borr�wer will owe for M�rtgage Insurancea and tbey will not entitle Borrovver to any refuud.
<br /> �bj Any such agreements will nat af�ect the rights Borro�ver has-if any-w�th respeet to tbe
<br /> Martgage Insurance under the Hameowners Protectian Act of 1998 or any other law.These rights
<br /> may inciude the r�ght to receive cert�in disclosures,to request and ob�ain cancellation�f the
<br /> Mortgage Insuran�e,to have the Mortgage Iasurance terminated autamat�cally,andlor to rece��e
<br /> a refund of any Mor#gage Insuran�e premiums that were unearned at the time of such
<br /> cancellation or termination.
<br /> 1'I. Assignmentof IlAiscellaneousPraceeds;Forfeiture.A��Misceltaneous Proceeds are hereby assigned to
<br /> and shall be paid to Lender.
<br /> If the Property is damaged,such Miscellaneous Procee�s shall be applYed to restora.tion or repair of the
<br /> Property, if the restoration or repair is economica�ly feasible and Lender's secur�ty is not Iessened. During
<br /> such repair and restoration period,Lender shal�have the right to hold such Miscellaaeous Proceeds until
<br /> Lender has had an opportunity to rnspect such Property to ensure the work has been completed to Lender's
<br /> sa.tisfaction,provided that such�nspection sha11 be un.dertaken pramptly. Lender may pay for the repairs and
<br /> restora��on in a single disbursement or in a series of progress payments as the�vork is completed. Unless an
<br /> agreement is made in writing or App�icable Law requires interest to be pa�d on such Miscellaneous Proceeds,
<br /> Lender sha11 not be required to pay Borrower any interest ar earnings on such Miscel�aneous Proceeds.If the
<br /> restoration or r�pau is not economically feasible or Lender's security woutd be�essened,the Miscel�aneous
<br /> Praceeds sha11 b�applied to the sums secured by this Security Insirum�nt,whether or not then due,with the
<br /> excess, if any,paid to Borrowec. Such Miscellaneous Proceeds sha11 be applied in the order pro�ided for in
<br /> Section 2.
<br /> In the event of a tot�l tak�ag,destruction,or loss i�value of the Froperty,the Miscellaneous Proceeds shall
<br /> be applied to the sums secured by th�s Security Instrument,�vhether or not then due,with the ex�ess, if an.y,
<br /> paid to Borrower.
<br /> In the e�en�af a partia��aking,destruction,or loss in�alue of the Property in�uhich the fair market value of
<br /> the Property immed�ately before the partial ta�king,destruetion,ar loss in�alue is equal to or greater than the
<br /> amount of the sums secured by this Secucity Instrument immediately before the partial taking,desiruction,or
<br /> �oss in value,unless Borrawer and Lender otherwise agree in writing,the sums secured by this Security
<br /> �nstrument shall be reduced by the amount of the Miscellaneous Proceeds multiplied by the following
<br /> fraetion: �a}the total amount of the sums secured immed�ately before the pa,rtial taking,destruction,or loss
<br /> in�a1ue divided by(b�the fair market value of the Proper�y immediate�y before the partial taking,
<br /> destruction,or loss in�alue.Any balance sha11 be pa�d to Borrower.
<br /> In the e�ent of a partia�taking,destruction,or loss in�alue of the Property in�uhich the fair market�a1ue of
<br /> the Property immediately before the partial takin.g,destruction,or lass in�alue is Iess than the amount of the
<br /> sums secured immediately before the partial taking,d�struction,or loss in�a1ue,unless Barrower and
<br /> Lender otherwise ag�ree in writing,the Miscellaneous Proceeds shat�be applied to the sums secured by this
<br /> Security Insirument whether or not the sums are then due,
<br /> �f the Property is abandoned by Borrower,or if,after notice by Lender to Borro�ver that the�pposing Party
<br /> {a�defined in the next sentence)offers to make an award to set��e a claim for damages,Borrower fails to
<br /> respond to Lender within 3U days af�er the date the not�ce is given,Lender is autharized to collect and app�y
<br /> the Miscellaneous Proceeds either�o restoration or repair of the Property or to the sums secured by this
<br /> NEBRASKA-Single Famiiy-Fannie MaelFreddie Mac UNIF4RM INSTRUMENT WITH MERS Form 34281/41
<br /> VMP� VMPfiA(NE)(1342).44
<br /> Wolters Kluwer Financial Ser�ices Page 14 of 1?
<br /> q433739�5312 U�33 683 1�1?
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