|
201201757
<br /> satisfacfion, pravided that such inspection sha71 be undertaken prompfly. I,ender may pay for t1ie xepairs
<br /> and restoration in a single disbursement or in a series of progress payments as the work is campleted.
<br /> Unless an agreemeirt is made in writing or Applicable Law requires intcrest to be paid on such
<br /> Miscellaneous Proceods, Leader shall not be required Yo pay Boxxoa�es any interest or earuings on such
<br /> Miscellaneous Pioceeds. If the xestorarion or repair is not economically feasiUle or Lend�'s security would
<br /> be less�ied, the Miscellaneous Proceeds shall hc applied to the smns secured by tl�is Security Inshument,
<br /> whether or not then due, with the excess, if any, paid fo Borrower. Such Miscellaneous Pracceds shalI be
<br /> applied'ui.the arder provict�;d for in Section 2.
<br /> In the event of a total taking, destruction, or loss in value of the Properh>, the Miscellaneous Proceeds shall
<br /> be applied to the siuns secured by ihis Sectu-ity Insiruinent, whether or not tlien due, ��ith the excess, if any,
<br /> paid to Sorrower.
<br /> In the event of a parCial taking, desh-uction, or loss in vatue of the Property in which the fair macket value of
<br /> the Property unmediately before the partial talcing, destruction, or loss in value is equal to or greater than the
<br /> ainount of the sums secured by this Security InstroFUUent irsunediately before the paztial taldng, destruction, or
<br /> 1oSS in value, unless Borrower and Lendei oYherwise agree in writing, the sums seci�red by thi$ Security
<br /> Inshumeat sfiall be reduced bY�e ainount of the Miscellazxeous Proeeeds multiplied by the followtng
<br /> fraetion: (a)the total amount of the sums secured iinmediately before the parfial taki�g, destrucfion, or loss
<br /> in value c3ivided by(b)the fair ivarket value of the Froperty ittmiediatel}=befoze the partial Taku�,
<br /> deshuction, ar toss in value. Any balance shall Ue paid to$orrower_
<br /> In the event of a partial taking dcstruction, ar loss in value of the Properry in which the fair market value of
<br /> the Property uvmediately be£ore the partial taking, destruction, or loss in value is less than the ainount of the
<br /> s�uns secured vsunediaLely beforz tlie par[ial[aking, destrucrion, or]oss in value, unless Borrotaer and
<br /> Lenda otherwise agree in writing, Yhe Miscellaneou�Proeeeds shall be applied tn the sums secured by this
<br /> Seccuity Insh-i.tment whetheF or not the sums are then due.
<br /> If the Properry is abandoned by Bonower, or if af[er notice by Lender Co Borrower that the Opposing Pazty
<br /> (as defined in the next sentence) offers to make an awazd to settle a claisn for dunages, Bo*_ro�ver fails to
<br /> xespond to Lendec within 30 days after th0 date the notice is given, Lender is authorized to collect and apply
<br /> the Miscellaneous Proceeds either to restorarion or repair of the Property or Co the sums secured by this
<br /> SecL�rity instnunent, whether ar not then due. "Opposing Pariy" means the third party that owes Borrower
<br /> Miscellaneous Proceeds ox the parfy against whom Borrower has a rlght of action In regazd to Miscellaneoue
<br /> ProceedS..
<br /> Boaower shall ba ia default if any aetion or�oceedin�, whether civil ox criminal, is begun that, In Lender's
<br /> judgment, could result in forfeiture of the Property or other matcrial impauv2eni of Lender's iuterrsl in tlie
<br /> Property or ri�hts under this Security Inshument. Borrower can cure such a dcfault and, if accelcration has
<br /> oceurred, reinata{e as provided in Sectioa 19, by causing the acflon qr proceeding N be dismissed with a
<br /> ruling fliat, in Lender's judgment, precludes forfeiture of the Propeny or oflier mateaal i�pairmenf of
<br /> Lender's interest in the Propert}�or rights under this Security Instrument. The pr�ceeds of any award or
<br /> claim for damages t1�at azc attnbutable to the unpairment of Lender s interest in the Pro�acrty aze hereby
<br /> assigned and sliall be paid to Lender.
<br /> All Miscellaucous Proceeds fh�f ate not applied to restorafion ar repair of the Property shall be applied 3n The
<br /> order provided for in Section 2.
<br /> 240005i3
<br /> NE3RASKA-Single Family-Fannie A4 ae7F:etldle M zc UNIFO Wvi INSTRUld ENT =orm 3028 1101
<br /> VIA P�y VM P6(NE)(1105)
<br /> `.NOlters Klun✓er Fnzncial Ssrvices Page'10 of 1]
<br />
|