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201207436
<br /> satisfa�ction, provided that sucl� inspection shall be undartaken promptly. Lender may pay for the repairs
<br /> and rautoration in a snigle diabursement or in a series af progress pa�ymeuts as tlie work is completed
<br /> Unless an ngreemeut is rnade in writing or Applicable Law r•eqttires intcrest to ba paid on nuch
<br /> ?VIiscella�iaous Proceeds, T.euder shall not hc required Co pay Boxrowex any interest or enrnings on such
<br /> Miscell��co��s Proec;eds. If Che restaration or repair is not economically feasible or Lander's seciuity wonld
<br /> bc lessenetl, the Miscellaneoue Proceeds slutll be applied to the sums secured by this Sccurity fnshument,
<br /> whether or not Yhen due, with the excess, if nny, �aid to Borrower. Such Miscellaneaus Proceecls shall be
<br /> npplied in the order provided for in Scction 2.
<br /> In Che event of a total Yaking, destruction, or loss in valt�c oP�Ihe Proper�y, lhe Miacellnneous Prooeuls ahflll
<br /> ve applied to Yhe suins aec�.u�ed by tl�ih Sa;urity Ine�nunenC, whether or not then clue, with theexcess, it'auy,
<br /> paid to Borrower.
<br /> ln the ovont of 2parfial tnlring, destcuction, or loss in value of the Prope��ty in which the fair rnarlcet v�lue af
<br /> Lhe Property immediaP�ely before 11ie partial ta1ring, d�ntrucHo�z, or loss in value is etlual Co or grenter than tlie
<br /> amount af tlie suins secived by thiF Sccurity H�stnunent immeciiately befoze the ptutial teking, destrttction, or
<br /> loss i�valuc, unlese Bori�ower and Lender otherwise agree in writing, tl�e stuns securecl by this Secw'i�y
<br /> Inekrument shall be reduced by lhe aiiiount�of the Miscellanoous Yroceeds m[ilCiplied by �he fo(lowing
<br /> fraction: (a)tha total aanoLuit of tlie sums securcd immedi�Cely bafore the pertiel teking, deshuotion, or loss
<br /> in value divided by(b) tlie fxxir markct value af the Property inunedieYely before the partial Calting,
<br /> desttuction, or loss in valuc. Ati�balanoe shall be paid to Borrower,
<br /> Sn tha avent of a parCial talring, destrucCion, or]osa in v�lue of the Property in which flie f'air inarkeC valne of
<br /> tlie Proporty immediately befora tihe pnr6inl tekiixg, destrnetion, or loes in value is less t1�an tihe amounC of t71e
<br /> awn.s secuted immecliakely bef'ore the paa'tial taking, destruction, or loss in valuq unluss Borrower and
<br /> Leuder otil�erwise�a��ee i,n w�iting, thc Misccllaneous Proceecls shn11 be appliezl to the snms aecured by Yhis
<br /> Secuiity 1nsh�un�anC whether or not the aums �u•e�tien due.
<br /> If Uie Yroperty is abancioned by Borrower, ar if, a'fter notice Uy Lendar ko Borrower tihati the Opposin�Party
<br /> (aF de�Cined in the next sentence) offers to inake au award to settle a claiin for dainages, Bon�ower faile to
<br /> respond co Leuder witlun 30 days after Uie dette tl�e noticc is givcn, Lender is authoriLed tn eollect and apply
<br /> the Miscallaueous Proceeds either to restoratiou or repair oP 4he Property or Co Che aiuns secured 6y this
<br /> Sceurity InsLrLiment, whether ox not then dne. "Oppasing Party" means the tl�ird party t1�at owes l3orrowcr
<br /> Miscellaneous Proceeds or fhe�arty against whom Rorrower has a rigl�t of action in ecgard to Mi�cellaneous
<br /> Proceeds.
<br /> Borirower sl�all be in default i£airy actioit or proceeding, �vheCl�er oivil ot criminal, is bea n that, in Lender's
<br /> judginenC, could result in PorFeihire of the Property or other material impaicuient of Lander's iuEexest iix t7�e
<br /> E'roperty or rightis aider tihis Sectuity Inst�ument. J3orrower can cure such a dcfaLilt ctnd, if aoccloration has
<br /> occun�ed, reins�tatc an�providezi iii Sec6ion 19, uy enusing[he�otion�or proceeding to be disntissed with a.
<br /> raling thae, in Lender's judgment, preclucles forfeihue of'the Piroperry or oYher matari�l impairment of
<br /> Lendex's uiterest in the ProperCy or rights under Uiis Security Instrument. The proceeds of e»ry award or
<br /> claim Por d�mages Uiat are attributable to the i�npxirtnent of T,o��der's intcrest in tl�c Property arc hcreby
<br /> assi�gned and sha11 be paid to i,cndor.
<br /> All Miseellaneous Proceeds that� are not applied#e�rentoration�>r rcpair of Hi�Propor6y ehall bo lpplied in fhe
<br /> ord�r Urbvidcd for in Section 2.
<br /> - — znoo2a�rt
<br /> NFARASKA-Single Family-F�nnle h7aelFretltlie Mac UNIf-ORP.q IN5TRl1M[RT Porm 3029 1I01
<br /> VM P(9i ViN P6(NCl(1105�
<br /> Woltere Kluwar Flnenclal Se�vlces f age f0 of 1'
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