|
��14�755�
<br /> If the Pr�perty is damaged, such Miscellaneous Proceeds shall be a�p�ied to restoratian or repair of the
<br /> Praperty,if the restoration or re�air is economically feasible and Lender's security is not lessened.During
<br /> such repair and restorati�n period,L�nder shall ha�e the right ta hold su�h Miscellane�us Proceeds until
<br /> Lender has had an apportunity to inspect such Property to ensure the work has been com�leted to Lender's
<br /> satisfaction,provided that su�h inspecti�n shal�be undertaken promptly.Lender may pay for the repairs
<br /> and restoration in a single disbursement or in a series af progress payments as the work is completed.
<br /> Unless an agreement is made in vvriting or Applicable Law requires interest to be paid�n such
<br /> Miscel�aneous Proceeds,Lender sha�l n�t be required to pay B�rrower any interest or earnings�n such
<br /> Miscellaneous Proceeds.If the restoration or repair is not econ�mical�y feasib�e or Lenderrs security
<br /> w�uld be lessened,the Miscellaneous Pr�ceeds shall be applied t�the sums secured by this Security
<br /> Instrument,whether or nat then due,with the ex�ess, if any,paid to Borrower. Such Miscellaneaus
<br /> Pro�eeds shall be applied in the�rd�r pra�ided f�r in Secti�n�.
<br /> In the e�ent of a total taking,destruction, or l�ss in value of the Property,the Miscellaneous Proceeds
<br /> shall be applied to the sums secur�d by this Security Instrument,whether or not then due,with the excess,
<br /> if any,paid to B orrower.
<br /> In the e�ent of a partial ta.king,destru�tion,or loss in value of the Property in which the fair market�alue
<br /> of the Praperty immediately before the�artial taking, destruct�an,�r 1��s in�alue is equal to or greater
<br /> than the amount of the sums secured by th�s Security Instrument immediately bef�re the partial taking,
<br /> destruction, or loss in value,unless Borrower and Lender otherwise agree in writing,the sums secured
<br /> by this Security Instrument shall be reduced by the amount of the Miscellaneaus Proceeds multiplied by
<br /> the folloyving fraction: (a}the total amaunt of the sums secured immediately before the partial taking,
<br /> destruction, or loss�n�alue divided by�b}the fair market va�ue of the Property immediately bef�re the
<br /> partial taking, destruct�on,or l�ss in va�ue.Any balance shal�be paid to Borrower.
<br /> In the event�f a partial taking,destructi�n,or loss in value of the Proper�y in which the fair market�alue
<br /> of the Property�mmediate�y before the partial taking,destruction,ar loss in value is iess than the amount
<br /> of the sums secured immediately before the partial ta.king,destruction,�r�oss in value,un�ess Borrower
<br /> and Lender otherwise agree in writing,the Miscellan�ous Proceeds sha��be applied to the sums secured
<br /> by this Security Instrument whether or not the sums are then due.
<br /> If the Pr��er�y is abandaned by B�rrower, or if, after notice by Lender to Borr�wer that the�pposing
<br /> Party(as defined in the next sentence�offers to make an awa.rd to settle a cla�m for damages,B�rr�wer
<br /> fails to resp�nd to Lender within 3�days after the date the notice�s given,Lender is authorized ta collect
<br /> a.nd apply the Miscellaneous Proceeds either to restoration or repair of the Property or to the sums secured
<br /> by this Security Instrument,vvhether ar nat then due. "�ppasing Party" means the th�rd party that owes
<br /> Borrawer Miscellane�us Proceeds or the party agaznst wh�m Borrovver has a right�f action in regard to
<br /> Miscellaneaus Proceeds.
<br /> Borravver shall be in default if any action or proceeding,whether civil or criminal, is begun that, in
<br /> Lender's judgment, c�u�d resu�t in f�rfeiture of the Property or other material impairment of Lender's
<br /> interest�n the Property ar rights under this Security Instrument. Borrawer can cure such a default and,
<br /> if acceleration has accurred,reinstate as provided in Sectivn 19,by causing the action or proceeding to
<br /> be dismissed with a rul�ng that,in Lender's judgment,precludes farfeiture of the Property�r other material
<br /> impairment of Lender's interest in the Froper�y ar rights under this Security Instrum�nt.The proceeds of
<br /> 1378285�D9
<br /> NE6RA5KA-Single Family-Fannie MaelFreddie Mac UN�FDRM INSTRUMENT '� 028 11�1 �
<br /> VMP�
<br /> 02114 ,
<br /> Wofters Kluwer Financial 5ervices 2014�92114.2.�.2944-J2014q429Y Initia � `vf 17 '
<br /> �
<br /> * L��378285� 9 1'! 3*
<br />
|