��14�513�
<br /> sa�isfa��ion, pro�ided�ha�such�nspec��on shal� be undertaken prampt�y. Lender ma�pa� for the repairs
<br /> and rest�rati�n in a sin�le dx��bursemen�ar in a series of pragress payments as �he v��rk is comple�ed.
<br /> Unless an agreement is made�n wr�t�n�or App�icab�e Law requzres �nter�st ta ��paid on such
<br /> N��sc�I�aneous Proceeds, Lender shali no��be requ�red to pa�r B�rrower an� interest or�arnzngs on su�h
<br /> N�i�cel�aneous Praceeds. �f the restoration ar repair is no�econom��a��y feasib�e or Lender's secur�t� wauid
<br /> be lessened, the Mi�ce�laneous Proceeds shall be applied ta the sums secured�by�h�s Secur��y �nstru�m.ent,
<br /> whether ar not then due, with�he exc�ss, if any, paid to Borrower. Such M�scel�aneous Proceeds shali be
<br /> appiied in the order pro�ided f�r in Section Z.
<br /> �n the event of a ta�al taking, destru��ion, �r�ass in�value of the Property, th� Miscellane�us Pro�eeds shai�
<br /> be app��ed t� th�sums secured by �h�s Secur�ty�nstrument, whether or no��hen due, with the excess, if any,
<br /> paid ta Barrower.
<br /> In the e�ent of a partial taking, destruction, or loss in value�f�he Proper�y i�a whi�h the fair market�alue of
<br /> the Propert� zmmediat�ly�efore the par�ia� �ak�ng, destruct�on, or�oss in vaiue is equai �o�r greater than the
<br /> amoun�of�he sun�s secured by this Securi�y �ns�rurnen� irnmediately before�he par�ia� taking, destruction, flr
<br /> �oss in�alue, unless Borro�ver and Lender otherwise agree�n writing, the�urns secured�y th�s Security
<br /> �nstrument shal�b�reduced b�the amount of�he Mis�ellaneous Prac�eds mul��plied by�he follawing
<br /> fracti�n: �a}�he total amount of the sums secur�d immediat��y before th�partiai�aking, destru�:�ion, �r loss
<br /> in va�ue d��id�d by �b}the fa�r marke��alue of�he Proper�y �mmed�ately bef�r��he par�ial �aking,
<br /> destruc��on, or�oss �n va�ue. Any ba�anc�shall be paid tfl Borr�wer.
<br /> ��the e�ent of a partial taking, destruction, or los� in value of�he Property in which the fa�r market�a�ue of
<br /> �he Pr�perty immediat�Iy before t�ie partia� taking, des�ruction, or loss in va�ue is �ess than�h�amount of�he
<br /> sums secur�d immediate�y before�he par�ial taking, destruction, or lo�s in value, uniess Borrawer and
<br /> L.ender otherwise agree in wrztzng, ��e Mzsce�laneous Proceeds shall be applied�o �he sums secured b�this
<br /> Securi�y Ins�rumen�wh��her or not�he sums are th�n due.
<br /> �f th�Proper�y is abandoned by Barrower, or if, after na��ce by Lender to Borrower that the Dpposing Par�y
<br /> �as defined�n�he n��t sen�ence} affers to make an award to sett�e a claim for damages, Borrower fa�ls�n
<br /> respond�o Lender within 34 days after�he date�he r�otice is �iven, Lender is au�hor�zed to ca��ect and apply
<br /> the M�s�ellane�us Proceeds ez�h�r to restoration or r�pair of�he Pr�p�rty flr�o th�sun-�s secured by th�s
<br /> S�curi�y Instrurnent, v�hether or no��hen due. "�pposing Par�y" m�ar�s the third party that ow�s Barrflwer
<br /> Misce��aneous Pr��eeds or the par�y agains�whom Borrower has a right of action in regard�a Misc�l�aneou�
<br /> Proceeds.
<br /> Borrower sha11 be�n defau�� if an� ac�ion nr prnceeding, wh���aer ci��l ar cr�m�na�, is begun��a�, �n L�nder's
<br /> judgrnent, could resul��n forfeitur�of�he Prope�ty or ather mater�al impazrmen�of Lender's interes�in the
<br /> Proper��or r�ghts under this Security Instrument. Borrower can cure such a d�fau�t and, if accelerat�on has
<br /> oc�urr�d, reznstate as pra��ded in Sect�an �9, by causing the ac�ion or proceeding to he disn�ssed�vith a
<br /> ru��ng�ha�, in Lender's judgment, precludes forfeiture of the Proper�y or other materia� impa�rmen�of
<br /> Lender's intere�t in the Proper�y or rights under th�� Security�nstrumen�. The proceeds of any award or
<br /> c�aim for darna�es that ar�attributabl�to the impairment of L�nder's in��res� in the Pr�per��are her�by
<br /> assi�n�d and sha��b�paid�o Lender.
<br /> A�� Miscel�aneous Proceeds that are not applied�o res�aration or repair of the Pr�per�y sha11 be app��ed�n the
<br /> order pro�ided for in 5ec��on 2.
<br /> NEERASKA-5ingle�amify-Fannie Mael�r�die Mac UNiFDRM INSTRUM�NT Farm 3�Z8 1ID1
<br /> VMP[� VMPfitN�i Z1302�
<br /> Walters Kluwer�inar�cia[5er�ices Page i�af�7
<br />
|