|
��15��549
<br /> satisfact�on, pr�vided�h.at such in�pection sha�l.be underta�en�arompt�y. Lender may pay for�he repairs
<br /> ax�:d restorati�n in a single c�sbuxsernent or�.�a se���s�f progress payments as�ie�rflrk�s completed.
<br /> Ux�less ar�agreenaent is made ira.�vx iting or Applicab�e JLayv requ.ires 7:nterest t�be paid��such
<br /> Miscel�aneous Proceeds, Len.der shall nat be required to pay�3orro�er any Ynterest ar earnings on such
<br /> Mxsce��aneou:�Pro��eds. If the r�storation or repair�.s n�t economically fea,�ib�.e ar Lender's secu�-ity Wou:�d
<br /> be�essened, the M�.scellaneous Proceeds sha�.�be applied�o the sums secured by�his Secuxity Ir�.strument,
<br /> whe�her�r n.ot�.ien due, �vzth the ex�es�, �f any, paid ta Borrower. Such M�:seellan��us Praceeds sha�.I be
<br /> applied in the order provxded for�n.Sectian 2.
<br /> I-��he event af a�ota�taking, des�ruc��.on, or��ss�n value af�ie Property, the Misc��.�.aneous Proceeds sha1�
<br /> be app�ied�a�ie sum5 se�ur-ed by this Securxty Ins�rumexxt, whether ar n�t�hen due, �1'1��1�1���C�55, xf ar�y,
<br /> paid�o Borr�wer.
<br /> In the event of a part�a.X ta�ang, c�es�ruction, or loss�n�ra.Iue of t�.e Proper�y�n which.�e fair m�arket value af
<br /> the Proper�y immed�ate�y before the partial taki.ng, destruc��.an, or�.oss in va�ue is equal���r greater�ha��he
<br /> amount of the sums secured by this Security Instrum�x�t irnmed�ately before the par�i�taking, destruct�.on, or
<br /> �oss in value, unless Borrower and Lender otherw��e agree in wr�ting, the s�.ms secur�d by�s Secur�ty
<br /> Instru�nent�ha�.�.be�educed by the amount af the Mis�el�aneous Praceeds multip�.�.ed by�he fallawi.z�.g
<br /> fract�a�x: �a�the�atal.axnour�t of the sums secu7rec��mmed�a�ely befare the partial ta:king, destructi�n, or�.oss �
<br /> in va�ue div�ded.by�b�the fa�r market value of the I'raperty�mmediatel.y before the par�.al.�aking,
<br /> destruc�io�x, or�oss�.n value. Any bala.r�ce sha�be pax.d ta�3o�-row�r.
<br /> In t�ie even�of a�ar�ia��a�:g; d.estru�txon, ar loss x.xa.�a1ue af�he Prapex�.y in ur�ic�i the fair r�ark��va�ue of
<br /> ��ie Property�mmediately be�ore�he�ar�:a1 ta�ng, c�es�ct�o�:, �r Ioss�.rz value���.ess�han the a�nount af the
<br /> sums�e�ured imxnedxately befor�the par�al ta1�:g, destr�xct�iQn, ar Ioss�n v�.lue; unless Eorr��ver and
<br /> Lenc�.er otherRr�.se a.gree�n tivritin.g, �he 1Vl�scel.�.ar�eous Praeeeds sha1.1.be appl�.�d ta the su:ms secured by�s
<br /> Security I�s�rument whether ar not the sums are then due_
<br /> If the Proper�y rs abandar�ed by Box�rawer, or�.f, after noti.ce by Lender to Borrawer that�he�pposxng Part�y .
<br /> [a�s def�.�d.i-�the ne�t sente�.ce}offers�o make an a�rard to settl.e a c�a�m for da�nages, Borrower fa�s to
<br /> respond t�Lender�rith�n 3�days after�he da�e�he r��ti.ce is given, Lender is authorized to c�llect and apply
<br /> �he M�scelianeous 1Proceeds either to res�ora��.o�or re�air af the Praper�y or�o�he sums secured by�his
<br /> Secur�t�InStrumemt, whe�her or�.ot then�ue. °'�apasing P�y'` mean.s the�hird.part�r�.at oyves�3orrower
<br /> �sc�ll�.eous Pr�ceeds�r t�ie party aga�n.���vvhon��3oxr�vver has a r�g�i�of ac�iar�i�regarc�t�Mxscellane�us
<br /> P�oceeds�
<br /> Borrower sha1��be�n de�au.�t if any ac�i.an a��roceeding, whe�her civ�or crian�na�, �.s begun that, �n Lender's
<br /> jud�mezit, cou�d result irz forfeiture�f th�JProper�y�r�th�r materi.al impa%rx�x�.ent of I1e�.der's interest in the
<br /> 1'roper�y or r�gh�s u�.der�s Secur�ty Instru��en�. Borrawer can cure such a defau�t and, �f acceleratior�has
<br /> occurred, re�nsta�e as pravxded in Sec�ia� �.9, by causing the ac�ion pr proceed�ng to be dismissed.�vvxth a
<br /> rul.x.xlg�hat, �n Lender's j udgment, prec�.ude�forfeiture of�he Proper�y or other materia.�zrrip�;rrn ent o f
<br /> Lender�s interest��he JProperty or rights unde�-this Secu�.ty In.strum.ent. The pr�ceeds of any a�vard or
<br /> c�aim for damages that are attributa:ble�a th.�i.�npairme�.�af Lender's interest i�.�he Pro�aerty are�e�eby
<br /> assi.gned anc�s�a1�be pax:d�o Le�der.
<br /> Al�:Miscellaazeous Pr��eed.s�tliat a�e not app�ied to restorat���ar repai:r of t�e P�ope�y sha�.��e�.ppli�d.�n t�e
<br /> order provided for�Sec��io�2.
<br /> � 24��7772
<br /> NEBRASKA-5ing[�Famiiy-Fannie M aefFreddie M ac UNIFQRM 11V5TRL]M ENT �arm 3fl28 11D 1.
<br /> VM P Q �M Page 1}Q�af���
<br /> Wofters K[�w er Fi�an�ia!Services
<br />
|