|
201209490
<br /> i
<br /> satisFactian,groVideal ttiat such inspection shall be underfaken promp#ly.Lender may pay for the rapairs ;
<br /> and restnration in a single disbursement or in a seraes af progress paymenfs as the worlc is cumpfeted_ I
<br /> ISnless an ageeement is made in w�titiug or Applicahle Law requires inecresf to be�aid on s¢ch
<br /> A�fiscellaneous Proceeds,Lender shall nnt he requiued to pay�orrawer anq interesi ox eaz�iugs ou such I
<br /> 2vf scellanco�s Prnceeds.If the resforation or repair is nof ecnnnmioally feasible or Lender's securiiy would ,
<br /> be lesbeucd,flie Miscellancot�s Prnceeds shaIl Be applied to the siuns secured by this Security Ins#nlmenf,
<br /> wheYher or not Rhen due,with the excess,if az�y,puid to Boxxower.S�xeh Miscellaaeous Proceeds shali he i
<br /> i
<br /> applied in the order provided for in S�cliou 2_ ,
<br /> In the event of a ta1a�taking,destrucfion,or lnstt in value o£the Proper€y,tlie IVliscellaneuw Proceeds shall
<br /> bc ap�lied to the sums securec�hy 8his 5ecurity Instrument,whethe.r nr nnt then due,�t�ith the eaccess,if any,
<br /> paid to Bonrnwar.
<br /> In the event of a partial takaz�g,de.;truction,or losa in value of fha Propeity in which fhc fair market value of
<br /> thc Ptoperty immadiately before the pa�ial taking,destruction,or loss in valixe is equxl to ox greater than fhe
<br /> amuunt of the sums scciued'by this Securiiy Iastrnment immediately hefore the Qartial taking,destruction,or
<br /> loss in valne,unl.ass Borruwer aud Lender othcrwise ugrea in writittg,the sums secured by thi�Seeurity
<br /> Instrumcut slaall be reduced by the amount of lhe Miscelianeous Procccds mnitiplied by the following
<br /> frac#ion_(a)the total amounl of the sums secured iulmec�iately hefore Lhc paGtiai faking,destructlon,or loss
<br /> > in value di�ided by(b)tfie fair matket valne ol'Ihe Yroperty immediatcly beFore the�artial takiug, ,
<br /> destruction,or loss in value.Aay balance shall be paid to Borrower.
<br /> In the event of a pariial taking,des#ruction,nt loss in value of the Property in which ihe fnir markst value of
<br /> the Prupe�4y immediately before the paztia l lakiug,destmc#ion,or loss in value is less ti�an the amouut of fhe
<br /> sums secured immediately before the partial taking,desttuotion,or loss in value,unless Borrower and
<br /> Leuder othersvise agree in writing,fhe Miscellaneotiu�Pmcecds shall bc agplied to the aums sccured hy itris
<br /> Security Ins#ruanenk wl�ether or not the sums are then due.
<br /> If the Property is abaniluned by Bonower,or if,a$er notice by Leuder to Sorrower that the(�ppnuing Party
<br /> (as de6ned an the next se�ence)oYlers fo make an award to scttle a elaim for damdges,l3ormwer fails to
<br /> respond to LendPr within 3D days after the claYa the notice is giVen,Lender is authorized to collect and apply !
<br /> fha 14fiecellaneaus Proceeds either to restnration or xepair of the Propetty or to the suuts secured by this !
<br /> S�curify Instrumcnt,whether or not#hen due."Opposing Party"means the third par#y that owes Borruwcr
<br /> Miscellaneotts Proceeds ur ihe party against whom Borrower has a right o£action iu regard to 1VFiscellaneous
<br /> Proceeds.
<br /> Borruwer shall be in defanit if any actiott or gzroceeding,whefhet ri�al or oriminal,is begun Yhat,in Lender's
<br /> judgnaent,cauld result in furFeiture of the Propccty nr nthar material ampairment of T.ender's intereSt in the
<br /> Property uz rights under this.Security Instrnmetat.Borrawer aan cure snch n default and,i£accelztation Ixas
<br /> occurred,rcinstate as pmvided in Section 19,by cacising tha action ur p��oceedsng to be dismissed with a
<br /> rulin�tbal,iu Lender's jud�cnt,precludes£orfeilur�of the Properly or otlaer mnterial impairment of
<br /> der tfiis Secnri Insh�rmnnt:The roceeds of auy award or
<br /> e u et or ri ts un �}' P
<br /> Lender's interest in fh Pr p 'Ly ph
<br /> . . Ii
<br /> ciaim far damages that are aitribntable to the impairuzeu#of Lender's�nterest in the PropGrty ere hcreby
<br /> assigned and shall be paid to Lenc3er. -
<br /> A11 Miscellaneous Proceeds fhat aze nat applied to resloratiou ar repait of the Pmperty shall be appliui in thc I
<br /> vrder provided fox in Section 2. j
<br /> {
<br /> FcPm 3026 i/01 I��
<br /> D h91NSiR13MFNT . � ..
<br /> a ie MarlFmddie Mac UNIF R 05'.00 �
<br /> e a il-F nn P6 E i�
<br /> NEB�ASKA3inyl F m Y `�h7 �N 1( . ..
<br /> VMP� ' Page19cE17 �.
<br /> WNlers Kl�werFir�ancfa:Sevices � ����
<br /> II
<br /> �
<br /> li ,
<br />
|