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You will receive a notification when the update is available for your device and you can even manually check for the update by heading over to Settings > About phone > System Updates and check for updates. The update which offers Android 4.1.2 is around 331 MB in size, so make sure you are connected to your Wi-Fi before you start updating your device to avoid data charges.
Unfortunately there is no news on the enhancements provided by Verizon and Motorola as no change-log has been released. If you come across any changes you notice, please leave us a comment below.
source – Android Central