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201201013
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Last modified
3/7/2012 11:25:51 AM
Creation date
2/8/2012 11:49:02 AM
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DEEDS
Inst Number
201201013
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201201013 <br /> satisfacrioq provided that such inspection shall be undertaken promptly. Lender may pay for the repairs <br /> and restorarion in a single disbtxrsement or in a seri�.s of pro2ress paymen[s as thc work is completed. <br /> Unlc�s an aerezment is made in w�riting or Applicable Law requires interest to be paid on such <br /> Miscell�eous Proceeds; Lender shall not be requised tc�pay Bonower any inteiest or earnings on such <br /> VIiscellaneous Pioceeds. If the restorarion or repair is not economically fea,ible or Lender's security would <br /> be lessened, the Miscellaneous Proceeds sha11 be applied to the sums sec�sed by this Securiry Instrum�nt, <br /> whether or not then due, with the excess, if any, paid to Borrower. Such Mi�cellaaeous Proeeeds shall be <br /> applied in the order provided for in Secrian 2. <br /> Tn the event of a total taking, destructioq or loss in value of the Property, the Vliscellaneous Proceeds shall <br /> he applied to the sums secured by this Security InstnimenY, whethes or not then due, with the excess, if anq, <br /> paid to Borrower. <br /> In the event of a partial talang, destrucrion, or loss in calue of the Property in which the fair market value of <br /> the Propeity immediately before the partlal talang, destrucCion, or lass in�=alue is equal to or greater than the <br /> amount of the sums secured by t3�is Secu�sty InstrumenC nnmediafely before the paz6a1 taking, destniction, oc <br /> loss in value, imless Sorsowes and I.ender oth�wise aaree in writing the swns secured by this Secunty <br /> Insinuuent shall be reduced by thc amount of the VIiscellaneous Proceeds multipli.d by the following <br /> fraction: (a)the total amount of the sum5 secured unmediately befare the partia(talang, destruction, or loss <br /> in value di�ided by(b)the fair market value of the Property immediately Ucfore the partial taking, <br /> destruction, or loss in value. :1ny balance shall be paid to Borrower. <br /> In thz event of a partial taking, destruction, or loss in value of the Properiy in which the fair market value of <br /> th0 Prayerty immediately before the partial t�king, deshuction; or loss in value Is less than the 2mount of tke <br /> swns secured i�ediately before The partial taking, destruction, or loss 'vi valuey unless Borrower and <br /> Lendes otherwise agree in v✓ri#ii�g, the Miscellaneous Proceeds shall be applied to the sums se�edby this <br /> Seeiuity Instr`nment whether or not the sums are then due. <br /> If the Property is abandoned by Borrower, or if; after notice b}�Lender to Borrower that the Opposing Party <br /> (as defined in the n�t sentence) offers to make an award to szttle a claim for damages, Borrower fails t� <br /> sespond to Lendei within 30 days after the date Yhe nokce is given, Lendec is auffiorized to collect and apply <br /> the Miscellaneous Procceds either co restoration or rzpair of the Property or to the swns secured by flus <br /> Security InsTr�ent, whether or not then due. "Opposing ParCy" means flie third partP that owes Borrower <br /> Miscellaneous Procceds or tha parry against whdm Borrowex has a right of acfion in zeaard to Miscellaueous <br /> Proceeds. <br /> Borro�ver shall be in default if any acrion or proceeding, �vhether civil or cruninal, is beeun tLat, in Lcnder's <br /> judgment, could result in forfeiture of the Pxoperiy or other material impairment oY Lsnder's interest 3n tl�e <br /> Properiy or rights under this Security Instr�cnt. Bcanower can cure such a default and, if acceleration ha5 <br /> occucred, reinstatc as provided in Section 19, by causing the acrion or procccding to be dismissed w-ith a <br /> ruling that, In Lendei's judgatent, precludes forfeiture of the Pxoperiy or other material impairment�of <br /> I,�nder's interest in the Prpperty ox xights t�nder tkris See�sity Insh�ument. The proeeeds of any award or <br /> claim�ar damages that aze attributable to the unpainnent af Lend�'s interest in the Property are hereby <br /> assigned and sha11 be paid to Lender. <br /> All Miscellaneous Proceeds rhat are not applied fo restoration ar repair of the Property shall be applied in the <br /> order provided for in Section 2. <br /> 26000240 <br /> N�RASKA-Single Fam ity-Fannie M ael�redtlis P.1 ac UNIFORfd INSTRUbi fi�T Form 3029 UG 1 <br /> VhiP� VA1Pv'(NE)(1 i05) <br /> W ol_ers 40uwe(Flttanclel Servlcss Page t0 af 1 i <br />
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