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201207092
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Last modified
7/20/2017 9:48:12 AM
Creation date
8/27/2012 2:14:27 PM
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DEEDS
Inst Number
201207092
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201207092 <br /> satisfaction, provided t]�at such inspection shall be undertaken proi�tiy. Lender may pay Yor the reYairs <br /> and restorarion in a single disbursement or in a seriec of progess paymen[s a�thz work is completed. <br /> linless an agreement is made in writir.g oi Applicable Law reguues interest to he paid ou sL�ch <br /> Miscellaneous Proceeds, Lender skiall not be required to pay Borrower any in'terest or eamings on suah <br /> Miscellaneous Proceeds. If the restoration or repair is not economically feasible or Lender's security would <br /> be lcssened, the Miscellaneous Proceeds shall be applied to the st�ns seciaed by this Secluity Instruwent, <br /> �vhether or not then due, with the excess, if any, paid to Borrower. Sucli Miscellaneous Proceeds shall be <br /> applied in the order provided for in Section 2. <br /> In the eveat of a total taking, destructiov, or loss in valne of the Property, the M3scellaneous Proeeads shall <br /> be applicd to the sums secured by this Secuxity Instrument, whcther or not then due, with the excess, if any, <br /> paid to Bo*rower. <br /> In the erent of a pazrial taking, destruction, or loss in value of the Property in wluch che fair�nazket vaiue of <br /> the Progerry ixxnnediately before the paztial talang, desYruction, or loss in value is equal to or greater than uie <br /> amount of the sums secured Uy this Security Instruinent immediately before the pariial taking, destruction, or <br /> loss in value, unless Bono�ver and Lendez oCherv�nse agree in wriring, the sums secured Uy this Security <br /> Instrument shall be reduced by the amQunt of the Miscellaneovs PYoceeds multiplied Uy the following <br /> fraction: (a) Yhe total amount of the sum.s secLered immediately befbre the paztial taking, destruction, or loss <br /> in value divided by(b) the faii mazket value p�the Pcoperty inunediately Uefore the parkial taking, <br /> destruction; or loss in value_ Any Ualance shall be pai.d to Bonower. <br /> In the event of a parpal taking, desituction, or ld�s in value of the Properiy in which the faiz iziarket value of <br /> the Properry uiuuediately Uefore the partial taking deshuction, or loss in value is Iess thzu Hie aznount of Che <br /> sums secured i�unediately before the parAal?�aking, dcsh2tcrion, or loss in valua, unless Bonower and <br /> Lender o�herwise agree In writing tUe Mlscellaneous Proceeds shall be a�lied to the sums secnred hq this <br /> Security Instrument whether or not rhe sums aze then due. <br /> If The Property is abandoned by Borrower, or if, after notice by Lenda to Borrower that the Opposing Party <br /> (as defined in the next sentence) offers to make an awazd to seitle a claim for damages, Borxower fails to <br /> respond to Lender within 30 days after the date tlte notice is�ven, Lzndes vs auLhorized to callect and apply <br /> the Miscellaneous Proceeds either to restoration or repair of the Property os to fhe sums seci�red by this <br /> Security Instrument, whether or not then due. "Opposing Party" means the third party that owes Borro�x�er <br /> Miscelianeous Proceeds or flie parry against whom Borro��er has a rignL of action in regard to Miscellaneous <br /> Proeeeds. <br /> Borrower shall be in default if any acrion or uroceedina, �vhether civil or crunuial, is begun that, in Lender's <br /> judgment, could xesutt in forfeiture of the Properry or otlier material impairmenY ofLender's interest in the <br /> Pro�crty or rights under this Security Instrument. Borrower can cure such a dcfault and, if acceleration has <br /> oceurred, reinstaLe as pFovided in Sechon 19, by causing flie actian or proceeding to be dismissed with a <br /> n�ding fl�at, iv Lcnder s judgment, precludes for£citure of the Propert�or other�atcrial ii�airment of <br /> Lender's interest in the Properry or rights under ihis Security Instrument. The proceeds of any award or <br /> claun for dawages that arc at[riUutable to the impaument of Lender's interest in flie Property are hereby <br /> assigned and shall be paid to Lender. <br /> 211 Miscelianeous PrQceeds that aze not applied to xestoraiian ar repair of the Properry shall be applied in the <br /> order provided for in Section 2. <br /> 24001932 <br /> NEBRAS W'�-Single Fam ily-Fznnie M aelFretldie 1r;ac ON!FORM1�I INSTROM ENT Porm 3028 1!0 i <br /> vMP� vMas(n�j�a�os) <br /> Wolters Kluwer Fnancial Services Page i0 of 11 <br />
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