|
201208298
<br /> eatisfaction, provided t1�aE such inspecrion shall Ue uncicrlaken promptly. Lender may ptty for the repaics
<br /> nnd�•esCoration in u single clisbursement or in a series oPprogreas paymenty as ihe work is coinpleted.
<br /> Unless an agreement is made in writing or Applicnbla Law requires inCeres[to be peid on such
<br /> Misccllaneo�is Proceeda, Lender sUall not Ue requirecl to pay Borrower any interest m earnings on such
<br /> Miacellaneous Proceeds. If thc re.skoration or repair in not economically f'easible or Lcnder's securidy would
<br /> be lessened, Che Misccllaneons Proeeeds sha11 bc applied to Yhe sums secti�red hy Clus Security Lisd'mnent,
<br /> wheYhes or not$�en due, witih tlie excess, if any, pnid ta Borrower, Such Misoellaneous Prooeeds sl�all be
<br /> a}�plied in the order provided for in Section 2.
<br /> In the event of a total taking, dest��uction, or loss in value of thc Property, Ehe Miscellaneous Proceeds shall
<br /> bc applied to the enms secured by fhis Security Iustrument, whether or not than duo, with tl�ie�cess, if any,
<br /> paidto Borrowcr.
<br /> Tn the event oP a partial taldng, dasUuction, or lose in value of the Property in whioh Yhe fair markct valne of
<br /> the Prope�ty iiuinediately before tho parNal tAking�, desG'uctior�, or loss in value is enual to or greeter[han the
<br /> viio�mt of Lhe sums sectu'ed by thie Seourity Instrtunent invi�edintely bePore the pattial k2lcing, desYruction, or
<br /> loss in v�ilve, imless Borrower and Lender otherwisc agree in writing, tUe swns secured by this Securiry
<br /> Inah•ument Shall Ue rcduced by the unowrt of thn Misoellaneous Proceeds mtdHplied by the f'ollowing
<br /> fi'action: (a)thc Eotal amoutiY o£Uie sttms secured imtnediately bcf�re ihe partial Yaking, destruction, or loss
<br /> in value divided by(b) tl�e fan �narkeC value of the Pro}�orty invuediately before t]�e par6ial talcing,
<br /> dea6ruc[ion, or loss in value, Any 6alanca shall be pxid Co Borrower.
<br /> In the event of a partia] talring, destruction, or loss in vahie of the Proparty in whioh fhe fair madcet value of
<br /> the Property immediatcly 6efore Yhe pv tial taking, destiuction, oi lose in valne is less thazi the ainount aP Che
<br /> swns secured imn�ediatiely beLore 17�e parti�l taldng, destruction, or loss in velue, milesy B�rrower end
<br /> Lender othexwise agrea in wrifing, t�he Misoelluieous f'roceeds shall be appTied to Yhc�sun'is secured by fhis
<br /> Security fliatrument whether or nol the sums are tl�cn due.
<br /> If Ehe Properdy is atb�ndoned Uy Borrowee, or iP, after notice by Lender tio I3orrower Chat the Opposing Nrrty
<br /> (as ciefined in tha next sonTenoe) offers to ma7<e an award to setitile a claim for dnmages, Borrowor �1ils ho
<br /> respond to Le�ider wit$in 30 days afCer tlic date the notice is givcn, Lender is authorized to oollect nnci applq
<br /> 11ie Misccllaz�eous Proceeds eithcr to resfaration or repair of lhe Property ar to thc smns secured Uy this
<br /> Security Iustrwncnt, wliether or noti tl�en due. "Opposiug Party" moens the third parEy tl�at owes Borrowar
<br /> Mlscellanenus Proceeds or the party against whom Borrower has a right of actioti in regard to Miscellancoue
<br /> Procceda.
<br /> iiorrower shall be in defaiilt if�ny 2ction or procecding, whether civi] or crimir�al, is begun Uiat, in I,ander'e
<br /> jncigment, cottldresidt in fos-feitnxe of Y1ie Property or other inatarial impainnent of Lender's inCere.st in the
<br /> Property or rights m�der ehia Secwity lnsh•uYnenG Boirower can cure such a default and, if nocelera(iott has
<br /> ocew'red, reinstafe as provided in Sec;tion 19, by causing the action or proceeding fo be dismissed v�itl�a
<br /> niling fl�at, in Lender's;judbnnenC, precludas forfeiti�rc of the Pro�erty or other materi�iml�ainnent of
<br /> Lender's interest in the 1'roperty ar righfs undcr hhis Security LnstrumcnC. The prooeeds of ai2y award or
<br /> elaim for damagas thnC ace atYributable to the impairment of Lender's interest in the Vroperty nre hereby
<br /> assigned aiid ah�ll be paid to Lcnder,
<br /> All Miscellaneous Proceeds that arc uot applied to �estorafion ox repair oF the Properiy shall be Applied in the
<br /> orcicr provided for in Section 2.
<br /> znoazsn
<br /> NEeR4SKA-SIn91e Family-Fannie MaelPretldle M ac UNIFORld INSTRUM ENl' Form 3020 1(01
<br /> ���P� VM Pfi(NE)(11051
<br /> N.�ullers Kluwer Financlal Servlcos Page 10 of 1 j
<br />
|