Laserfiche WebLink
��14�15�� <br /> sat�sfaction, provided that such inspectzon shall be undertaken pr�mptly, L�nd�r ma�pay for the repairs <br /> and restara��an�n a sing�e dzsbursem�nt ar in a s�ries of progress paym�nts as the worl�is complet�d, <br /> Unless an agr�ement zs made in writing or Applrcable Law requ�res interest to be paid on such <br /> M�sce�Ianeous Praceeds, Lender shall not he required�o pay Borrower any interest or earnings on such <br /> Miscellane�us Proceeds. If the restoration or repa�r�s not ecanomical�y feasible or L�nd�r's security would <br /> be Iessened, the Misc�Ilar�eous Proceeds shal�be appli�d to the sums secured by this Secur�ty Ins�rument, <br /> �vhether or not�hen due, vv�th the excess, if any, paid t� Borraw�r. Such Miscellaneous Proceeds shal��e <br /> applied in the order provided for�n S��tian�, <br /> �n the event of a total takin�, des�ruGt�on, or Ioss in value of the Property, the M�scellaneous Proceeds sha�l <br /> be app��ed to�he sums secur�d by th�s S�currty rnstrum.�nt, �vhether or not then due, with the excess, If any, <br /> paid to Borro�ver, <br /> �n�he event of a part�a�taking, des�ru�tion, or�oss in value of�he Prap�rty in which th�fair market value of <br /> th�Property immedia��Iy before th�partial taking, des�ruction, or 1os�in value rs equal to or greater than th� <br /> arriount of the sums s�cured by this Secur�ty�nstrum�nt immediat�l�before th�part�a�tak�ng, destru�tian, or <br /> 1os s in va�ue, unless Barrower and Lender otherwise agr�e in vvrit�ng, the sums secured b�th�s S�cur��y <br /> Ir�st�-ument shal�be reduced��the amount af the Miscel�aneous Proc�eds mult�plied by the follovving <br /> fraction: �a}�he total am�unt of the sums secured immed�ate�y before the partial takrng, d�struction, or loss <br /> in value divided by ��} th�fair market vaiue of the Prop�rty�mmediate�y�efore the part�al taking, <br /> destruction, or Ioss in value, Any ba�axa.ce shal�be paid�o Borrower. <br /> �n the ev�nt af a partzal taking, d�s�ruc�ian, or Ioss in�a1ue of the Property�n which�h�fair marke�value of <br /> the Praperty imm�d�ately before the partial taking, des�ruc��on, or Ioss in valu� is less than th� axnount af the <br /> sums s�cur�d immediately bef�re the partial taking, destruct��n, or los� in value, unless Borro�ver and <br /> Lender otherwis�agr��in writing, �he Miscel�aneflus Proceeds shall be applied to the sums secur�d by this <br /> 5�curity �nstrum�nt whe�her�r�.at the sums are th�n due. <br /> rf the Property is a�andaned by Borro�ver, or if, after natice by Lender to Borrower that the�ppos�ng Par�y <br /> �as def�ned�n�he nex� sentenc�} offers to mak�an award to set�Xe a cla�m for damages, B�rro�ver fails to <br /> respond ta Lend�r within 3� da�s after the da�e the notzce zs giv�n, L�nder is authorized to col�ect and appl� <br /> the Misc�llaneous Proce�ds�ither to restoration or repair of th�Property or to the sums s�cured by�his <br /> S�currty Instrument, whether or not then due. "�ppos�ng Part�" means th�third party that ovves Borrower <br /> Mis�ellaneous Proc�eds or the party aga�nst whom Borrow�r has a right of a��ion in regard to Misc�llane�us <br /> Pro�eeds, <br /> Borrower sha��be in default if any action ar proce�ding, whether c�vz1 or cr�minal, is begun that, �n Lender's <br /> judgm.en�, cou�d resul�zn forfeitur�of the Proper�y or��h�r ma�erial impairment of L�nd�r's interest In�he <br /> Prop�rty or rights under this Security rnstrument, Borrower can cur�such a default and, if acceleration has <br /> occurred, reinstate as pravided iri Section I9, b�r causing th� a�tion or prac�eding to be dismissed wi�h a <br /> ruling tha�, in Lend�r's judgment, prec�udes f�rfe�tur�of the Property ar ather material impairment�f <br /> Lender's interest�n t�e Proper�y or r�ghts und�r this Security�nstrument. The proceeds of any aWard or <br /> clazm for damages that are a�trzbu�able t��h��mparrment of Lender's�n�eres�xn the Property ar�hereby <br /> ass�gned and shal�be paid ta Lender, <br /> Al�Misce�lan�ous Proceeds that are nat a�plied to rest�rat�on or repair of the Property shall be app�ied in the <br /> order pravided for in Section 2, <br /> N�BRASKA-Sing�e Famify-Fannie Mael�reddie Mac UNIFDRM INSTR�M�NT Form 3�28�1�1 <br /> VMP[� VMPF fN�y{130�7 <br /> Wnfters Kluwer Finan�ial Ser�ic�s Page 1 D af 17 <br />