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201211196
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Last modified
7/20/2017 10:08:40 AM
Creation date
12/31/2012 10:48:55 AM
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DEEDS
Inst Number
201211196
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201211196 <br /> satisfaction procided tliat such inspection shall Ue undertaken proinpfly. Lender may pay for the repairs <br /> aud xestoration In a single dis6ursement or in a series of prpgiess pay�nents as the wark is completed <br /> Unless an agreement is made in writing or Applicable Law requires interest to be paid on such <br /> Miscellaneous Proceeds, Lender shall not be xequired to pay Borrower any interest or earnings an such <br /> �vliscellaneous Proceeds. If the restoration ar repair is not economieally feasible or Lender's security would <br /> be lessened, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrwnent, <br /> whether or not then due, with the�cess, iF any, paid to Borrower. Such MiScellaneous Proceeds shall be� <br /> applied in the order provided for in Section 2. <br /> In the event ot a total taking destruction, or loss in value of the Property, the Miscellaneous Proceeds shall <br /> be applied to fhe sums sccured by this Security Insh-ument, whether or not then due, with the excess, if any, <br /> pud to Borrower. <br /> In the event of a paztial taking, desKruction, or loss in value of the Property in which the fair market value of <br /> Yhe Property inu»ediately befoxe the paztial taking, destruction, or loss in value is equal to or greater than the <br /> amount of the sums secured by this Securitq I��stnmient irnmediately Uefore the paztial tak�ng, destruction, or <br /> loss in value, unless Borrower and Lender othenvise agree in writing rhe sums secured by this Security <br /> Tnstrument shall be reduced Uy the amount of the Miscellaneous Proceeds multiplied by the following <br /> fraction: (a)the total amoimt of the sums secured 'unmediately befoxe the pufial takine, destrucfion, or loss <br /> in value divided by(b)the f,aiz mazket valua of the Property in�ediately beFore the paztyal taldng <br /> destruction, or loss in value. Any balance shall be paid to Borro�er. <br /> Ia the event of a pastial taking, destrucfion, or lo5s in value of the Property in which the fair mazket Value of <br /> the Proper[y unmediately Uefore the paztial taking, destruction, or loss in value is less than the amount of the <br /> sums secured immediaiely be£orc the partial taking, destruction, or loss in value, unless Borrower and <br /> Lender othenvise agree in wtiting the Miscellaneous Proceeds shall be applied tQ the sums secured by dus <br /> Security Ti�itnunent wherher or not the sums aze then due_ <br /> If the Property is abandoned hy Borrower, or if, after notice Uy Lender to Borrower that the Opposing Party <br /> (as defined in the next sentence)off�s to make an award to settle a claitn fox dawa�es, Borrower fails to <br /> respond to Lender within 30 days after the date tbe notice is given, Lender is authorized.to collect and apply <br /> the Miscellaneous Proceeds either to restaration or repair of the Property or to the smns seciiced by this <br /> Security]i�strument, whether or not then due. "Opposing Party" means che third parry thaC owcs Borrower <br /> Miscellaneous Proceeds or the party against whom Borrower has a ri�t of aclion in regard to Miscellaneous <br /> Procceds. <br /> Barrowes shall be in default if aay action or procceding, whether civil or criminal, is begun that, in Lender's <br /> judgment, could xesult in for£eiture o£fhe Properiy or other material impairmeut of Lcnder's inkerest in the <br /> Yroperiy or rigkts under this Security Iustrument. Borrower can cise such a default and, if acceleration has <br /> occurred, reinsta.te as provided in Section 19, by causing fhe action or proceecling fo be dismissed with a <br /> ruling[hat, in Lcnder's judgment, precludes forfeiturc of the Propert��or other matcrial imoau-ment of <br /> Lender's:nterest in the Property ox riglrts under this Seciuity Instrument. The pxoceeds of any award or <br /> claim fo�dunages that are attributable to the impairment of Lender's interest in the Property are hereby <br /> asstgued and shall be paid to Lender. <br /> A11 Miscellaneous Proceeds±hat ate not applied to restoration or repair of the Pzoperty shall be applied in the <br /> order provided for in Secrion 2. <br /> NEBR45KA-Sin le Famil ,Fannie!A aelFrxddie M ac UNIFOFbi INSTRUM ENT 2400325� <br /> VbIPOO 9 Y Form3�281101 <br /> VJolters KWn er Financial Services V PA P6(NE�(t 105) <br /> Page :0oi1] <br />
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