|
201208476
<br /> satisfactioi�, provided that sUch inspection shall be undertaken promptly. Lender may pay for the repairs
<br /> and restaration iu a s3ngle disbursement Qr in a series of progress paymenfs a5 the work is complefed.
<br /> Unless an aareement is made in writing or Applicable Law requires interest to be paid on su¢h
<br /> Miscellaneous Froceeds, Lender sha11 not bc required to pay Barrower any interest or earnin�s on such
<br /> ivliscellaneous Proceeds. I#the restorarion or repair is not economically feasible or Lender's security would
<br /> be lessened, the Miscallanaous Proceeds shall be applied to the smns secured by this Secwity Instrtunent,
<br /> wAether ar not then dae, wiYh the excess, if any, gaid to Bonomer. Such Miscellaneous Proceeds shall be
<br /> applicd in the order provided.for in Secrion 2.
<br /> In flie event of a total taking, destrucfion, or loss in vaiue of the Properry, the Miscellaneous Proceeds shali
<br /> be applied to the sums secured by this Security Insiriunent, «hether or not then due, with the cxcess, if any,
<br /> paid to Borrower.
<br /> In the cvent of a partial taking, d�.stnxction, or loss in value of the Properiy in whieh the fair market value of
<br /> the Eroperty imincdiately before the partial taking, deStruGhon, oz loss in value is equal to or greater than flie
<br /> amount of the sums secured by this SecuYity Instrume�t immediataly before We p�t3a7 talc3ng, destruction, ox
<br /> ]oss in value, unless Borrozver and Lender otherwise agree in writing, the sums secured by Chis Security
<br /> InsTrument sLall be reduccd by the amount of the Miscellaneous Proceeds inultiplied by the following
<br /> fraction: (a)the iotal amount of the sums secared mm�ediately befose the partial talting, destruction, or loss
<br /> in value divided by(b)the fair niarket vahie of the Property nnmed']akely befoie the partia] taking,
<br /> destructior., or ioss in value. Anp baiance shall be paid to 73c�rrower.
<br /> In the event of a partial talc3ng, destruction, or loss in value o�P the Properry Sn which tha fair market value of
<br /> tha Property immediately before flie partial taldng, destruction, or loss in value is less tt�an the amount of the
<br /> sums secured immediately bePore the partial taking, destruction, or loss in value, unless Borrower and
<br /> Lender otherwise agree in writing, the Miscellaneous Proceed�shall be applied to the sums secured by tlus
<br /> Security Instrumeirt whether or not the sums are then due.
<br /> lf thc A-operry 3s abandoned by Borrower, or if, after notice by Lender to Borrower that the Opposing Pariy
<br /> (as defined in the next seriteaice} offers to make an award to settle a olaim for damages, Borrower fails to
<br /> respoi�d tu Lende*within 30 days after the date the nofice is given, Leuder is authoxized Yo collect and applq
<br /> the Miscellaneous Proceeds either to restoration or repair of the Properry or to the sums secured by this
<br /> Sccurity ixistrument, whether or not then due. "Opposing Pariy" means the third paziy that owes Borrower
<br /> Miscellaneous Proceeds or the pazty against whom Borrower has a right of action in regard to Miscellaneous
<br /> Proceeds.
<br /> Bczrrowzr shaU l�e 3n default if any acfion or proceedtng, whether civil or criminal, is beglm that, in Iznder's
<br /> judgment, could result in forfciturc of thc Property or other material uxq�aimient of Lendei's interest iu the
<br /> Property or rights under this Security Inshwnent. Borrower can cure such a default and, if accelcration has
<br /> occurred, reinstate as providcd in Section 19, by causing the acrion or proceediu�to be disinissed with a
<br /> ruling fhat, ir,Lznder's jud�nen� precludes farfeiture of the Property or a#her material impaim�ei�t of
<br /> Lencler's in[erest in ihc Prcrperry or rights under t'�is Seeurity Instrnment. The pr�ceeds of any award or
<br /> claim for dzmages[ha[are at[ributable to the impairment of Lender's interest in the Property are hereby
<br /> assigied and shall Uc paid to Lender.
<br /> A11 Miscell�eous Proeeeds that are not applied to restoration oa rapair of tlie Property shall be appfied ia the
<br /> Qrdex provlded fox in Section 2.
<br /> zaaeza�c
<br /> NFBRASKA-Single Fsmity-FSOnie MaelFretldie hi ac UNIFORM1�i IRSTROM ENT Form 3025 1l�i
<br /> ���� VM P6(NE)(11�5)
<br /> Nioifers Kiuyuer Financial Services Page 10 ef+�
<br />
|