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201209535
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Last modified
7/20/2017 10:00:58 AM
Creation date
11/14/2012 10:46:33 AM
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DEEDS
Inst Number
201209535
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201209535 <br /> satisfaction, provided that such inspection shall be undertaken promptly. Lender may pay for the repairs <br /> and restoration in a single disbursement ar in a series of progress payments as the work is completed. <br /> Unless an ageement is made in wrifing or Applicable Law requires iuterest to be pzud on such <br /> Miscellaneous Proceeds, Lender shall not 6e requircd to pay Borrower any interest or earnmes on such <br /> Miscellaneous Proceeds. If the restoxation or repair is not econoinically feasible or Lender's aecuzity would <br /> Ue lessened, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument, <br /> whether or not then due, with the excess, if any, paid to Bonower. Such Miscellaneous Proceeds shall be <br /> applied in tl�ordex provided for in Section 2. <br /> In the cvcni of a total taking destructiqn, or Ioss in value of fhe Propetty, the Miscellaneous Proceeds shall <br /> be applied to the sums secured by flus Security Instrument, whether or not then due, with the excess, if.any, <br /> paid to Bonower. <br /> Ia ihe event of a partial taking, destrncuon, or loss in value of the Propecty in which the fair market value of <br /> the Property um:iediately befare the partial taldng destruction, or loss ia value is equal eo or geat�than the <br /> amount of the sums secured by this Security Instrumeni immediately before the partial talang, destrucrion, or <br /> loss in..value, unless Borrower and Lender othen�rise agree in wriring, the sucns securcd by this Securitv <br /> Instaunet�t shall be xeduced by the amount oE the Miscellaneous Proceeds multiplied by the following <br /> frackion_� {a)the total amouht of the sums secured immediarely before lhe partial taldng, destruction, or loss <br /> in value t3ivided by (b) the fai.r mazket value of the Property uruncdiately before the partial iakina, <br /> destruction, or loss ia value. Any balance shall be paid to Rorrower. <br /> In the event of a partial taldng, destruction, or loss in value of the Property in which the fair market vaiue oF <br /> the Property immediately before Yhe partial taking, desiruction, or loss in value is less than the amount of the <br /> sums secured immediately before the partial talang, destruction, or loss in value, unless Borrower and <br /> Lender otherwise agree in writing, the Miscellaneous Proceeds shall be applied to the smivs secured by this <br /> Security Instrument whether or not the suns are then due_ <br /> If the Property is abandoned by Borrower, or if, after notice by T,ender to Borrower that the Opposing Party <br /> (as defined in the next sentence) offers to make an awazd to settle a claim for dunages, Borrower fails to <br /> respond to Leader within 30 days after the date ttie notice Is given, Lender Is autharized to collecC and apply <br /> rhe Miscellaneous Proceeds either to restoration or repair of the Properly or to nc�sums secured by this <br /> Security Instrument, whether or not then due. "Opposing Party" means the third party that owes Borrower <br /> Misccllaneous Proceed�or the pariy against whom Borrower has a right of action in regard to Miscellaneous <br /> Proceeds. <br /> Borrower shall be in default if any action or proceeding, whether civil or criuvnal, is begun that, in Lender's <br /> judgmcnt, could result in forfciturc of the Properry or other material impairxueut of Lender's interest in tlie <br /> Property or rights under this Security Instrument. Borrower can cure such a default and, if acceleration has <br /> occurzc� re3nsiate as provided in Section 19, by eausing the action or proceeding to be dismissed with a <br /> � ruling that, in Lender's judgnem, prec;ludes forfeinare of the Property or other material unpairment oP <br /> Lender's interest in the Property or rights under this Security Instruincnt. The proceeds of any award or <br /> claun for datnages that are attributable to the iinpairment of Lender's interest in the Properry aze hereby <br /> assigned and sl�all be paid to Lender. <br /> All Miscellaneous Proceeds that aze not applied to restorafion or repair of the Properry shall be applied in the <br /> order provided for in Section 2. <br /> 24002]32 <br /> N�RASKA-Single Fzmity-Fannie h1ae(Fretldie A4ac UNI�ORM INSTRUMSIT Form 3�28 1101 <br /> V'd P g V M P6(N�(1105'1 <br /> W olters Kluw er Financlal Services Pege?G ot i] <br />
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