Laserfiche WebLink
� ��14�3539 <br /> satisfaction, provided that such inspection shall be undertak�n pramp��y. Lender�ma�pay for the repa�rs <br /> and restoratian in a single dzsbur�ement or in a series�f pragr�ss payments as the�vork �s comp�eted. <br /> Unless an agreem�nt is made�n wri�ing or App�icabl�Law r�qu�res �n�erest to be pa�d�n su�h <br /> Misce�lan�ous Proceeds, L�nder shal� nat be required to pay Borr�w�r any interes�or earning�an such <br /> Miscellane�us Proceeds, �f the res�oratian or repair�s no�ecanomically feasible or Lender's security would <br /> be�essened, the M�scel�aneous Prac�eds shall �e appl��d ta the sums secured by this Security Instrumen�, <br /> wh�th�r or not then due, wzth the excess, �f an�r, paid to Borrower. 5uch Misc�llane�us Proceeds sha1��e <br /> appli�d in�he order provided for�n Sec�ion�. <br /> �n the�ven�of a t�tal taking, destruc�ion, or loss in�alue of the Proper�y, the M�scelianeous Proceeds shall <br /> be app��ed to�h�sums secured��this�ecurity �nstrument, whe�her or not then due, wi�h the excess, if any, <br /> paid t� Borrower. <br /> �n the��ent of a par�ial tak�ng, destructi�n, or Ioss in�alue of the Praperty in which the fair marke�va�ue af <br /> the Pr�per�y immed�ate�y bef�r��he par�ial taking, des�ructi�n, or loss in value is equa� t�or gr�at�r than the <br /> amount of th�sums s�cured b��h�s Security �nstrumen� im.mediat�l��efore the par��a1 tak�ng, des�ruc��on, or <br /> l�ss �n valu�, un�e�s Barrawer and Lend�r oth�r�vis�agree�n wr���n�, the suxns s�cured by this Securi�y <br /> �nstrurnen� sha��be redu�ed by th�am�unt of the Mis�eiianeous Proceeds multiplied by the f�ll�wing <br /> fracti�n: �a}the ta�al amaun�of the suz�ns secur�d �mmedia�e�y b�f�re the par��a� �ak�ng, de�truct��n, �r��ss <br /> in value div�ded by �b}the fair marke��alue of the Proper�y �mmed�ate�y�efore�he par�ia� taking, <br /> des�ru�;tian, or�ass in va�ue. Any ba�ance shal�be paid ta Borrower. <br /> �n the ev�nt of a par��a� �ak�ng, des�ruct�on, or�oss �n�alue�f the Property in wh��h�he fair mark�t�a�ue of <br /> the Proper�y immediatel�before�he partial tak�ng, des�ruc�ion, ar��ss xn va�ue�s less �han the am�unt af the <br /> sums secured immed�ateiy befare�he par�ial taking, destruct�an, �r��s� in value, unless Borrawer and <br /> L�nd�r ath�rwise agr�e in wri�ing, the Miscellaneaus Proceeds sha��be applied to the sums secured by this <br /> 5ecur�ty�nstrumen�whether or n��the sums are then du�. <br /> If the Property is a�and�ned b�Borrower, �r if, after no��c�by Lender�o Borrower that the�ppas�ng Party <br /> �as defined �n the next s�n�ence) offers to make an award�o se�tle a c�a�m far damages, Borrower fa�ls �o <br /> respond�o L�nder v�ithin 3�days after the date the notice is given, Lender is author�zed�o collect and apply <br /> the M�sce�laneaus Pr�ceeds ei�her to restora�ion or repair�f the Praper�y or t�the sums secured by this <br /> S�curi�y �nstrumen�, v�hether or no��hen due. "�pp�s�ng Par�y" means�he third party tha�avves Borrawer <br /> Misce�taneous Pro�e��s or the party aga�nst whom Borrower has a r�gh�of actian �n regard ta Miscellaneous <br /> Prac��ds. <br /> Borrower shal�be in default �f any action or proceeding, vvhether civil or criminal, is begun that, �n Lender's <br /> �udg�nen�, cou�d result�n forf���ure of the Praper�y ar ather ma�er�al impairmen�of Lender's zn�erest in th� <br /> Proper��or r�ghts und�r this 5ecuri�y �nstrum�n�. Borrawer can cure such a defaul�and, if accelera�ion has <br /> oc�urred, reznstate as pr��i�ed in Sec�ion 19, b� causing the ac�ian or praceeding t�b�dismissed vvith a <br /> ru��ng tha�, �n Lender's�udgmen�, prec�ude� forfei�ure of�he Prop�rt� or ather ma��r�al �mpa�rmen�of <br /> Lender's interest in the Praperty or r�gh�s under this Se�ur��y �nstrumen�. The proceeds�f any award or <br /> claim far damages that are a��ribu�ab�e to the irnpairment of L�nder's �nterest in�he PrQper�y are hereby <br /> assigned and shall be paid�o Lender. <br /> AII M�scel�aneous Pro�e�ds tha�ar�n�t app�ied t� restorat�on or repair�f th�Proper�y shal�be appiied �n th� <br /> order pravided for in Sec�ion 2. <br /> N�BRASKA-SingIe Family-Fanni�Ma�l�recfdie Mac UNlFaRM INSTRUM�NT �vrm 3028 i 10� <br /> VMP Q VMP�4N����3q2y <br /> Walters Ki�twer Financial Ser�ices Page 14 vf�7 <br />