��14����5
<br /> satisfactian,pra�ided that such inspectian shall be undertaken pramptly.Lender may pay far the repairs
<br /> and restaratian in a single disbursement❑r in a series af pragress payments as the wark is campleted.
<br /> Unless an agreement is made in writing❑r Applicable Law requires interest ta be paid❑n such
<br /> Misce�laneaus Praceeds,Lender shall nat be�required ta pay Barrawer any interest❑r earnings❑n such
<br /> Miscellaneaus Praceeds. lf the restaratian❑r repair is nat ecanamically feasible❑r Lender's security
<br /> wauld be lessened,the Miscellaneaus Praceeds shall be applied ta the sums secured by this Security
<br /> Instrument,whether❑r nat then due,with the excess, if any,paid ta Barrawer. Such IVliscellaneaus
<br /> Pr�ceeds shall be applied in the�rder pr�vided for in Secti�n 2.
<br /> In the e�ent❑f a tatal �a.king, destructian, ❑r lass in�alue❑f the Praperty,the IVliscellaneaus Praceeds
<br /> shal 1 be appl ied tv the sum s secured by this Security Instrument,whether❑r nat then due,with the excess,
<br /> i�any,paid to Barrawer.
<br /> In the e�ent❑f a partial�aking,destructian,❑r loss in�alue❑f the Praperty in which the fair market�alue
<br /> ❑f the Pra�erty immediately befare the partial taking,destructian, ❑r lass in�alue is equal ta❑r greater
<br /> than the amaunt af the sums secured by this Security Instrument immediately befare the partial taking,
<br /> destructian, ❑r lass in�alue, unless Barrawer and Lender atherwise agree in writing,the sums secured
<br /> by this Security Instrument shall be reduced by the amaunt❑f the IVliscellaneaus Proceeds multiplied by
<br /> the fallowing fractian: �a)the tatal amaunt of th�sums secured immediately before the partial taking,
<br /> destructian,❑r lass in�alue di�ided by�b�the fair market�alue❑f the Property immediately befare the
<br /> partial taking,destruction, ❑r loss in�alue.Any balance shall be paid to Barrawer.
<br /> ln the e�ent of a partial tak�ng,destructi�n,or l�ss in�alue of the Pro�erty in v�hich the�air market value
<br /> ❑f the Praperty immediately befare the partial taking,destructian,❑r lass in�alue is less than the amaunt
<br /> ❑f the sums secured immediately befare the partial taking,destructian,❑r lass in�alue,unless Barrower
<br /> and Lender otherwise agree in writing,the IVliscellaneaus Proceeds shall be applied to the sums secured
<br /> by this Security Instrument whether or not the sums are then due.
<br /> If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the�pposing
<br /> Party�as defined in the next sentence�offers to make an award to settle a claim for damages,Borrawer
<br /> fails to respond to Lender within 3�days after the date the notice is gi�en,Lender is authorized to collect
<br /> and apply the Miscellaneous Proceeds either to restoration or repair of the Property or to the sums secured
<br /> by this Security Instrument,whether or not then due. "(]pposing Party" means the third party that owes
<br /> Borrower Miscellaneous Proceeds or the party against whom Borrower has a right of action in regard to
<br /> M i scel l aneous Proceeds.
<br /> Borrower shall be in default if any action or proceeding,whether ci�il or criminal, is begun tha�, in
<br /> Lenderrs judgment, could result in forfeiture of the Property or other material impairment of Lender's
<br /> interest in the Property or rights under this Security Instrument. Borrower can cure such a default and,
<br /> if acceleration has occurred,reinstate as pro�ided in Section 19,by causing the acti�n or proceed.ing to
<br /> be dismissed with a ruling that,in Lender's judgment,precludes forfeiture of the Property or other material
<br /> impairment of Lender's interest in the Property or rights under this Security Instrument.The proceeds❑f
<br /> any award or claim for damages that are attributable to the impairment of Lender's interest in the Property
<br /> are hereby assigned and shall be paid to Lender.
<br /> f f 9580�301
<br /> NEBRASKA-Single Family-Fannie MaelFreddie Mac UNIF�RM INSTRUMENT ` Farm 3028 1101
<br /> VMP� R�� , 07114
<br /> VVafters Kluwer Financial Services 201409154.1.1.2529-J20131226Y Initial `� Page 10 af 17
<br /> *H 1195��3011� "`
<br /> �
<br />
|