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<br /> 201004976
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<br /> :'(a) ,Any such agreements will,nobaffect the amounts that Borrower has agreed to flay for Mortgage Insurance, . or any
<br /> other terms of the Loan. Such agreements will not increase the amount Borrower will owe for Mortgage Insurance, and they i
<br /> will not entitle Borrower to any refund.
<br /> (b) Any such agreements will not affect the rights Borrower has - if any - with respect to the Mortgage Insurance under
<br /> the Homeowners Protection Act of 1998 or any other law. These rights may include the right to receive certain disclosures,
<br /> to request and obtain cancellation of the Mortgage Insurance, to have the Mortgage Insurance terminated automatically,
<br /> and/or to receive a"refund of any Mortgage Insurance premiums that Were-unearned at the time of such cancellation or.,
<br /> termination.
<br /> 11. Assignment.'of Miscellaneous l'roceedii; Forfeiture All Mrscollanoous Proceeds are hereby assigned : to ~aud-shall be'.,
<br /> paid to Lendex.
<br /> If the Property is,gamaged .:such Miscellaneous Proceeds shall be appli
<br /> ed to restoration dr repair of the Property, if the
<br /> restoration or, repair is .economically feasible and Lender's. security is not lessened. During such -repair and. resCoxatibu period, I
<br /> Lender shall have the right to'-hold sued Miscellaneous . Proceeds' until Lender has had an opportunity to inspect such' : J
<br /> Property to ensure the work; has been completed to Lender's satisfaction, provided that such inspection S.11811 be uridertaken
<br /> promptly. Lender may pay for. the repairs and restoration ' in a single- disbursement or in a series of progress payments as the
<br /> work is completed L)tJess an agreement "is 'riiade' 'in lvrititig of Applicable 'Law requires interest , to be paid an such
<br /> Miscellaneous Procec6, Lender shall not be required to pay Borrower. any 'interest or earnings on such `Miscellaneous
<br /> Proceeds. If the, restoration or repair is not economically feasible or Lender's security would be lessened, the Miscellaneous
<br /> " Proceeds shall be applied, to-the sums secured by•this'Security Instrument,, whether or not then due, with the:excess, if any,. . .
<br /> paid to Borrower, Such:Miscellaneous Proceeds shall. be applied. in,the..order provided for in Section 2,
<br /> In the event of a total taking, destruction; or loss in value of the °Property, ,the Miscellaneous Proceeds shall be applied to
<br /> the sums secured by,this Security Instrument; whether or not then•due, -with the .excess, if any, paid. to Borrower.. - -
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<br /> In the event ore 'partial taking, destruction; or loss 'invalue of the Property in which the fair market value of.the Property
<br /> immediately befog the partial taking, destruction, ' by loss in value. is equal to or greater than the amount of the -sums secured
<br /> by this Security lnstrument immediately before the.partial taking, destruction, or loss in value, unless .Borrower and Lender .
<br /> otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by the 'amount of the Miscellaneous
<br /> Proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately before the partial taking,
<br /> destruction, or loss in value divided. by (b) the fair market value of the Property immediately before the partial taking, .
<br /> destruction, or loss in value, Any balance shall be paid. to Borrower.
<br /> In the event of a partial taking: destruction, or loss in value, of the Property in which the fair market value of the Property
<br /> immediately before,'the partial taking, destruction, or loss in value is less than the amount of the sums secured immediately .
<br /> before the partial' taking, destruction,. or loss in value', unless Borrower and Lender otherwise agree in writing, the
<br /> Miscellaneous Proceeds shall. be applied to the sums secured.. by this Security Instrument whether or not the sums are then.
<br /> due.'
<br /> If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the Opposing Party (as defused in
<br /> the next sentence) offers.to make an award. to settle a claim for damages, Borrower fails to respond. to Tender within 30 days'
<br /> after the date the -notice is given, Lender is authorized to collect and apply the Miscellaneous Proceeds either to restoration or
<br /> repair of the Property or to `the. sums secured by this Security, .Instrument, whether or not then. due. "Opposing Party" means
<br /> the third party that owes Borrower Miscellaneous Proceeds or the party against whom Borrower1as a right of action in regard
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<br /> to Miscellaneous Proceeds.
<br /> Borrower. shall be in default. if any action or proceeding, whether civil or criminal, is begun that, in Lender's, judgment;
<br /> could result in forfeiture of the Property or other material impairment of Lender's: interest in the Property or rights under this
<br /> Security Instrument. Borrower can cure such a default and, if acceleration has occurred, reinstate as provided in Section 19, by
<br /> causing the action or proceeding to be dismissed with a ruling that, in Lender's judgment, precludes forfeiture of the Property
<br /> or other material impairment of Lender's interest in the Property or rights under this Security Instrument. The proceeds of any
<br /> award or claim for damages that, are attributable to the impairment of Lender's interest in the Property are hereby assigned and
<br /> shall be paid to Lender,
<br /> All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall, be applied in the order
<br /> provided for in Section 2.
<br /> NEBRASKA - Single Family -Fannie MadFreddie Mae UNIFORM INSTRUMENT
<br /> 4 -8(NE) (0811) Page s of H ma a.a Form 3028 1101
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<br /> DE&M9
<br /> • 1111111 IIII illll 11111 1111111 l~l llil 11111 III IIIII IIIII IIIII IIIII III IIII
<br /> ODOONE9622306
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