|
201201011
<br /> satisfaction,provided that such inspection shall be undertaken promptly.Lender may pay for the repairs
<br /> and restoration in a single disbursement or in a series of pro�ress payments as the work is completed.
<br /> Unless an agreement is made in writing or Applicable Law requires interest to be paid on such
<br /> Miscellaneous Proceeds,Lender shal]not be required to pay Borrower any interest or earnings on such
<br /> Miscellaneous Proceeds.If the restoration or repair is not economically feasible or Lender's securiry
<br /> would be lessened,the Miscellaneous Proceeds shall be applied to the sums secured by this Security
<br /> Instrument,whether or not then due,with the excess,if any,paid to Borrower.Such Miscellaneous
<br /> 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
<br /> shall be applied to the sums secured by this Security Instrument,whether or not then due,with the excess,
<br /> if any,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
<br /> of the Property immediately before the partial taking,destruction,or loss in value is equal to or greater
<br /> than the amount of the sums secured by this Security Instrument immediately before the partial taking,
<br /> destruction,or loss in value,unless Borrower and Lender otherwise agree in writing,the sums secured
<br /> by this Security Instrument shall be reduced by the amount ofthe Miscellaneous Proceeds multiplied by
<br /> 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
<br /> partial taking,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
<br /> of the Property immediately before the partial taking,destruction,or loss in value is less than the amount
<br /> of the sums secured immediately before the partial taking,destruction,or loss in value,unless Borrower
<br /> and Lender otherwise agree in writing,the Miscellaneous Proceeds shall be applied to the sums secured
<br /> by this Security Instrument whether or not the sums are then due.
<br /> If the Property is abandoned by Borrower,or if,after notice by Lender to Borrower that the Opposing
<br /> Party(as defined in the next sentence)offers to make an award to settle a claim for damages,Borrower
<br /> fails to respond to Lender within 30 days after the date the notice is given,Lender is authorized to collect
<br /> and apply the Miscellaneous Proceeds either to restoration or repair of the Properiy or to the sums secured
<br /> by this Securiry Instrwnent,whether or not then due."Opposing Party"means the third party that owes
<br /> Borrower Miscellaneous Proceeds or the party against whom Borrower has a right of action in regard to
<br /> Miscellaneous Proceeds.
<br /> Bonower shall be in default if any action or proceeding,whether civil or criminal,is begun that,in
<br /> Lender's judgment,could result in forfeiture of the Property or other material impairment of Lender's
<br /> interest in the Property or rights under this Security lnstrument.Borrower can cure such a default and,
<br /> if acceleration has occurred,reinstate as provided in Section 19,by causing the action or proceeding to
<br /> be dismissed with a ruling that,in Lender's judgment,precludes forteiture of the Property or other material
<br /> impairment of Lender's interest in the Property or rights under this Security Instrument.The proceeds of
<br /> any award or claim far damages that are attributable to the impairment of Lender's interest in lhe Property
<br /> are hereby assigned and shall be paid to Lender.
<br /> 1165950510
<br /> NEBRASKA-Single Famlly-Fennie MaelFreddie Mac UNIFORM INSTRUMENT Fortn 3028 1/01
<br /> 09/10
<br /> VMP� �) ��
<br /> WdtersKluwerFlnancialSerrvices 201202014.00.04002J20�10209Y Initials. �� Page10o116
<br /> 'HLD71
<br /> IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII II I IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII
<br />
|