|
��15���39
<br /> sat�sfactzon, prov�ded that such ir�spection�ha1.�.be ur�d�rta�e�:promptly. L�nder may pay far the repa�rs
<br /> and res�ora��on�n a sing�e dis�ur�ement or in.a series of progress�ayrn:ents as the work is carripleted.
<br /> Ur�less an agreeme���s made�n writzng or App�zcable Law requzres��.terest to be pa�d on such
<br /> 1Vl�scellarieous Proc�ds, Lerider sha��.n.ot be required to pay Borrow�r ariy�nteres�or earnings o�such
<br /> Misce�.�.aneous Proceeds. If the res��ratian ar repair is no�eca�omica��.y feasible or Lender's se�u.rity�oul.d
<br /> be��ss�n.ed, the Miscellane�us Proceeds shal�be app�ied to�.e sums secured by�.�is Secur�ty Instrument,
<br /> whether or not then due, with the excess, if any, pa�.d to Borrov�r�r. Such Miscel.Ianeous Proeeeds sha1�be
<br /> applxed�n the arder prav�ded fflr ir�Section 2.
<br /> In fi.�e evexn�of a tn�a1 taking, destruc�ion, �r].flss in value of the Pr�perty, the Mx.scellaneous JProceeds sha11
<br /> be applied to the sum,s secur�d by�s Securi-�y I-�struxnent, whether or�a��en due, with the e�.cess, �f any,
<br /> paid ta Borx-ower.
<br /> In the even�of a.part�al ta�ng, destruc�io�, or�:oss in value of�he Praperty iri whxch�he fa�r marke�value of
<br /> the�'roperty immedia�e�y before�he part�a�takzn�, des�ructi.on, �r�oss in value xs equal to ar greater than��e
<br /> amour�t of�h�sums secured by�his Seeurity Ins�ru�nent immed�ately b�f�re the paz�tial taki.ng, destruct�:�n, or
<br /> �ass�n value, unl�ss Borrower and Lender otherwise agree in�rr�tit�g, the sums s�cured by�i� S�curity
<br /> Instrument sha1�.b�reduced by�he amflunt of th.e Miscel�aneou.s Proceeds rnul�iplied by the fo�.�.Qwing
<br /> frac��o�: �a)�he total.a�aaunt of the sums�ecured�mmed�a�ely before�he part�al taking, d�s�ructian;, o�Ioss
<br /> �n va�ue d.ivi.d.ed�y�b�the fair market va�ue af�he Property�mmediate�.y before�he pa�tial�aki�zg;
<br /> des�ruc�ion, ar Ioss in value. Any balance shall be pazd�to Borrov�er.
<br /> In the event af a pa:�-��.a�.�ak��g, c�estructxon, ar loss i�i v�ue�f�he�'x��erty�n v�hich the fair mar�et val:ue of
<br /> �he P�operty imm.ed.�.a�e�y before�e p�a��a�g, dest�uc�ion, ar�.oss�n value is�ess�hax�the aanaunt af�he
<br /> �ums secured immed�ate�.y be�ore�he pa.r�ial�aking, destruct�:on, or Iass in value, �l.ess�orr�wer and
<br /> Le�d�r other�ui..se agree�n vv�rit�g, the M�sce�Iar�e�us Proceeds sha��.be app�ied to the sums secured�y�his
<br /> Security Instrument wheth.�r or r�o��he sums are�hen due.
<br /> If the Property is abandoned by Borrower, or if, a�t�r�otice by Lend.er ta Borrower that the�pposing Party
<br /> [as d��ned itx the n�xt sentence} �ff�rs to make an aurard to sett�e a c�.aim for dama.ges, Borravver fai�s to
<br /> respond to Lender�ritla.i-la.3�d.ays after the da�e the nvtice�s gx�en, Lender�.s authorized to c���ect and apply
<br /> �e M�sc��.�.ax�.e�us Proceed.�e�ther to�estora�or�or repair of the Proper�y ar to the�t�.ns sec�ed by this
<br /> Secur�ty Ins�er�t, whether or not then due. "flp�osi.ng Party" �near�s�he tburd party that avUes�orrower
<br /> �.t��.s�e�I.ax�eous Praceeds�x-�ie party against w�om Borra�ver has a r�:g�i��f actio�in.x�gard�o IVli�scel.�aneous
<br /> Proceeds.
<br /> Borrovrer shall�be�n defau�t rf any actian or proceeding, whether c�vil or crim�nal, �s begun t�iat, �r�.Lenc�er's
<br /> judgment, eou�d result in forfezture of�h.e Praperty or other mater�a��mpa�.rment of Lender's�nteresl:in:th�
<br /> Prope�y or r�ghts under�his Seet�:ri.ty Instru:ment. Barraw�r can cure su�h a default and, �f a:ccel�ra�i.a�.has
<br /> occurred, re�n.state as pravided iYa:Secti.�n �9, by causing the action ar proceec3.uig to be dismissed wi.�h a
<br /> ruling that, in Lender's�udgmerit, precludes farfe�ture of�he PrQperty or other mat�r��impai.rmexat of
<br /> L��der's�nterest in�he PrQperty or ri.ght�under th�s Secux�.ty Instru��nent. The proeeeds of a�.y award.or
<br /> claim fQr damages�ha�are at#:rx�butab�e to�he i�npa�rnaent of I�ender's i.�.terest�n�e Pro�perty are here�y
<br /> assigxle�.ancl shall�be paid to Lender.
<br /> All 1Vl�scel�ane��xs Proceeds tha�are not appl�ed to rest�ration ar re�air of th���operty�1�a11�e appl�ed�.�h�
<br /> order provided for i�S ec�ion�.
<br /> 2400T83Q
<br /> NEBRASKA-Sing[e Famify-Fan�i'e M aelFreddie Mac UNIFQRM 1N5TRUM ENT Fvrm 3D28�10�
<br /> VM P(� VNl P6�NE}(�3D2}
<br /> Vtilo[ters K[�aw e�F�ancia!Services Page��o€17
<br />
|