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201201534
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Last modified
3/7/2012 11:27:55 AM
Creation date
2/28/2012 11:51:58 AM
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DEEDS
Inst Number
201201534
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201201534 <br /> satisfaction, provided that such inspection shall be undertaken pro�nptly. Lender may pay for the repairs <br /> and restoration ai a single disbursement or in a series of pxogess payinents as the work is completed. <br /> Unless an agreement is made in writing or Applicable Law rcyuires interest to be paid on such <br /> Miscellancous Proceeds, Lender shall not Ue required to pay Borrower any interest or earnings on such <br /> Miscellaneous Praceeds_ If tUe restoration or repair is not economically feasible ar Lender's secuiity woiild <br /> be lessened, the Miscell<�neous Proceeds shall be applied[o the sums secured by this Security Inshument, <br /> whether or not then due, with the�cess, if any, paid to Bonower. Such Miscellaneous Procefx3s shall be <br /> applied in the order provided for in Section 2. <br /> In the event of a total talang, destrucuqn, or loss in value of the Property, the Miscellaneous Procceds sl�all <br /> be applied to the sums secured by flus Sectuity Instrmnent, whether or not tl�en due, With the excess, if any, <br /> paid to Borrower. <br /> In the event ai a partial taking, d�truction, or loss in value of the Property in which.the fair market value of <br /> thc Properry unmediately before the paztial taking, destrucrion, or loss in value is equal ty or greater than the <br /> aznount of the s�uns secured by this Security Ins�trLUnent immediately before the partial taking, destruction, or <br /> loss in value, unless Basower uid Lender otherwise agree in writing, the sums secured Uy this Security <br /> Insh-ument shall be reduced by the unpunt of the Miscellaneous Proceeds multiplied by the following <br /> fracfipn: (a) the Total arnount of the sluns seciued imtnediately before the par[ial taking, destruction, or lqss <br /> in value divided bv(b) the fau market cahie of the Property inunediately befare the partial taldng <br /> destruction, or loss in value. Any balance shall be paid to Borro�ver. <br /> In The event of a paRial taking, destruction, or loss in valiw of the Piopex�in which the fair market value of <br /> the Property umnediately before the par[ial talting, destruction, or loss in value is less than the arnount of the <br /> sums secured immediately before the partial taking, destrucrion, or loss in value, unless Borrower and <br /> Lender ofherwise agree in writing, the Miscellaneous Yroceeds shall be applied to the sums secured by ihis <br /> Security Inshument whether or not the sums are then due. <br /> If Tha Propertp is abandoned Uy Sarrowex, or if, after nolice Uq Lender to Borrower khat flie Opposing Pazty <br /> (as defined in the nv�t sentence) offers to iizake an a�ard to settle a claim for damages, Boaower fails to <br /> respond to Lender wittun 30 days after the date[he norice is given, Lender is authorized to collect and apply <br /> the Miscellaneous Proceeds either to rustoration or repair of the Praperry or to the sums secured Uy this <br /> Security Instrument whether or not then due. "Opposing Pariy" means the 4hird par[y that owes Borrowei <br /> Miscellaneous Proceeds or the pazty against whom Borrower lu�s a right of aclion in regard to Miscellaneous <br /> Proceeds. <br /> Borrowex shalI be in default if airy acti oa or proceeding, whether civil or criminal, is begun that, in Lender`s <br /> judgaieut, could result in forfeiture of the Property or other material impaumcnt of Lender'S interest ui die <br /> Property ar rights under fhis Security Instnunent. Borrower can cure such a default and, if acceleration has <br /> occuned, remstate as piovided ut SecYion 19, by cansing the acfion or proceeding to be dismissed with a <br /> tuling that in Lender's judgment, precludes forPeihue of the Property or other material unpanxnent of <br /> Lexider'a intereSt in the P[oper[y or rights under this Seci�ity Instrument. The proceeds of any awazd or <br /> claim for damages that aze attributable tr�the impaument of Lendex's interest in the properLy aze hereby <br /> assigaed and shall be paid to Lender. � <br /> All Miscellaneous Proceeds tbat aze not applied to restoration or repair of the Property shall be applied in the <br /> order provided for in Secrion 2. <br /> z4000a9� <br /> NE3RHSKA-Single Family-FZnnic h1aJFretltlie b!ac UNIFORNI INSTRl1Ah ENT Form 3�28 1!0'I <br /> VMP� VMP@(NEJ(11�5) . <br /> W oltere Klmv_�Fnzncial 5srvices Page 10 of 1] <br />
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