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201702359
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Last modified
7/28/2017 2:56:58 PM
Creation date
4/14/2017 12:30:33 PM
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DEEDS
Inst Number
201702359
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2� 17�2359 <br /> �a� Any such agreements will not affect the amaunt�that Borrawer has agreed to pay for Mortgage <br /> Insurance, ar any other terms of the Loan. Such agreements will not increase the amount <br /> Borrower will owe for Mortgage lnsurance, and they will nat entitle Borrawer to any refund. <br /> �b� Any such agreements will not affect the rights Borrower has- if any-with re5pe�t ta the <br /> Mvrtgage InSurance under the Hflmeowner5 Pr�tection Act of 1998 or any vther law. These rights <br /> may include the right to re�ei�e cer-tain di�clasures, to reque5t and obtain can�ellation of the <br /> Mortgag� Insurance, to ha�e th�Martgage Insurance terminated automatical�y, andlor to re�Qi�e <br /> a refund of any Mortgage in�urance prem iums that were unearned at the time of such <br /> cancellation ar termination. <br /> 'I'I. Assignment af M iscellaneous Proc�eds; Farfeiture. A11 Miscellaneous Pr�ceeds are hereby assigned to <br /> and shall be paid to Lender. <br /> If the Proper�y is damaged, such Miscellane�us Proceeds sha�l be applied to restoration or repair of the <br /> Praperty, if the restoration or repair is economically feasible and Lender's security is not lessened. During <br /> such repair and rest�ra�ion periad, Lender shall ha�e the right�o hold such Miscellaneous Proceeds un�il <br /> Lender has had an opp�rtuni�y ta inspe�t such Prope�-�y to ensure the vvark has been completed to Lender's <br /> satisfaction, pra�ided that such inspection shall be undertaken promptly. Lender may pay far th�repairs and <br /> restoration in a single disbursemen�or in a series of progress payments as the work is completed. Unless an <br /> agreement is made in writing or Applicable Law requires interest to be paid on such Miscellaneous Praceeds, <br /> Lender shall nat be required to pay Borrawer any interes�or earnings fln such Miscellaneous Proceeds. If the <br /> res�oration or repair is not ecnnomi�ally feasible or Lender's security would be lessened, the Miscellaneous <br /> Proceeds shall be appli�d to the sums secured by this Security instrument, whether or not then due, with the <br /> �xcess, if any, paid to Borrawer. Such Miscellaneous Proceeds shal�be applied in the order pro�ided far in <br /> Sec�ian 2. <br /> In the e�ent of a t�tal taking, destructi�n, or loss in �alue of the Property, the M is�ellaneous Proceeds sha11 <br /> be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, <br /> paid to Borrower. <br /> �n the e�ent of a partial taking, destruction, or lflss in�alue of the Property in �vhich the fair market�alue of <br /> the Praperty immediately before the partial taking, destru�tion, or loss in �alue is equal to or greater than the <br /> amount of the sums secured by this Security Instrument immediately befvre the partial taking, destruction, or <br /> Ioss in�alue, unless Borrower and Lender otherwise agree in writing, the sums secured by th�s SeCurity <br /> Instrument shall be reduced hy the amount of the Miscelianeous Pro�eeds multiplied by the foilowing <br /> fra�tion: �a}�he total amount of the sums s�cured immediately before the par�ial taking, destru�tian, or lass <br /> in �alue di�ided by�b�the fa�r market�a1ue of the Pr�p�rty immedia�ely befare the partial taking, <br /> destruction, or �oss in value. Any balance shall b�paid to Borrower. <br /> In the e�ent of a partial taking, destruction, or loss in �alue of the Praperty in which the fair marke�value of <br /> the Property immediately befare the partial taking, destruction, or loss in�alue is less than the amaunt of the <br /> sums secured immediately before the partial taking, destruction, or loss in�alue, unless Bvrrower and <br /> Lender otherwise agree in wr�t}ng, the Miscellaneous Proceeds shall be applied to the sums secured by this <br /> Security Instrument whether or not the sums are then due. <br /> �f the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the�pposing Party <br /> �as defined in the next sentence}affers t�make an award to settle a c�aim for damages, Bvrrower fai�s ta <br /> respand to L�nder within 3� days after the da�e the notice is gi�en, Lender is authorized�o collect and apply <br /> the Miscellaneous Proceeds either ta restoration or repair of the Property or to the sums secured by this <br /> aszsoaa <br /> NEBRASKA-Single Family-Fannie MaeJFreddie Mac tJNIF�RM INSTRUMENT WITH MERS Form 3�28 11�1 <br /> VMP[� VMP6A�NE}(13�2] <br /> Wolters Kiuw er Financial Services Page 1�af 17 <br />
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