|
��15�11��
<br /> satisfac�on, pr�vided�.h.at such ix�spection shall be under�a�en promptly. Lender may pay for��e repairs
<br /> and restoratinn in a single disbursement or�n a�er�es of progress pa�ments as�he work is completed.
<br /> Unless an agreement is made in vUrztix�g ar App�icab�.e Laur requ�res znterest to be paid on such
<br /> M�scel�aneflus Proceeds, Lender sha17 not be require�.ta pay Borrower any in.terest or�a.rni�gs on suGh
<br /> M�scellaneflus Praceed.s. If the r�st�rat�on or r��a�r��not economica��y feas�b�.�or Lender's security w�uJ.d
<br /> be lessenec�l, the M%scellaneous Proceeds shal.I b�app��ed to the sur�xs se�ured by this Secur�ty Ix�.strument,
<br /> whetla:er or not then due, ur'���the excess, if any, pa�d����o�rower_ Sueh M�sc��a�a.e�us Pr�ceeds�h.a.11�be
<br /> applzed i.n th.e order pravided far ir�Sec�ion�.
<br /> I.n the even��f a tota�taki.ng, destruction, or�os�a.n.�a.�ue of�ie Proper�y, the Mxscellaneous]Proeeeds s�a1�.
<br /> be applied t��h�sums secu�ed by this Securi.ty Ins�rument; whether or no��hen�.ue, with t�.�e�cess, if ar�.y,.
<br /> pai.d�o Bnrrawer.
<br /> In th�evex�t of a�artial�aking, destruct�an, or�oss i��ra�.ue of the Propex-ty in urh�eh�h�fair market vaZue af
<br /> �he Properfiy immed�ately befor�the part�al takin�, destructio�, or�oss i.n value�s equal.to ar greater�ha��he
<br /> amouxlt of t]he sum�secu�ed by thzs Security Instrument im.xnediate�y before the par��1.ta�.ng, dest�uc��:ax�, or
<br /> Ioss zr�va��ae, �less Barr�wer a�d Lend�r atherw�se agree i.xa.writ�ng, the su�a.s secu�-�d�y thi� Securit�
<br /> Instrument s�all be�ec�uced by the amourit af the N.��sce��aneaus Pr�ceed:s mult�pl�ed��y t�e follawi�g
<br /> �rac�ion: �a���tata�.axnaunt of the su�ns secured i�rimed.iatel.y�b�fore the�art�.al ta�ig, c�est�ruct�.fla�, o�-I�ss
<br /> ir�value div�.ded by�b}�he fair maxket va�ue af the�'roperty i��e�.ate�y before the pa;rt��.�taking,
<br /> destructi�n, or Ioss in value. Any ba�.an:ce sha11 be pa�d to�orrawer.
<br /> Ix�.the event of a partial ta�ing, destructi:a�., or Ioss�n value of�he Property in urh�:ch the fa�-marke�value of
<br /> the Pr�per�y�mediate�y before�he par�ia�ta�irig, des�ru�tion, ar loss�.n.va�ue�s Ie�s�han the amou�t of�h.e
<br /> sums secured�mmediately before�he par�i.a�..taki:ng, destruetion, or 1.os��n value, u�l.ess Bo�rower a.rid
<br /> Lender o�herwi�e agree ir�wr���:.�xg, �.br.e 1Vl�scellaneous Praceeds shall be appli�d.to t�e sun�s secured by this
<br /> Security I�stru.men.t whether ox�ot the sums are then due.
<br /> If th.e Propex-�y�s a�aando�ed by�-3�rroW�r, �r if, �te�not�ce b�Lend.er to�orro�e�t��.t��ie�posi�.g Party
<br /> �a�de�ed��n.�Yi��.ext s�ntence) offers t�make a�.�.�va�rd,fa sett�e a claim f�r d�ages, �orro�rer fa�s to
<br /> respond to L.end�er v�rithi.x�.3 C� days ai�er�h�date the xzot�.ce a�s g�v�n, I1e�der i.s auth�r�zec���callect and.a�ply
<br /> the Miscella�eo�xs Pr�ceeds either�o res�oration or�epair of the Property ar to t�ie s�:ms secured�by tbis
<br /> Security Instrurne�it, whether or not then due. "C]ppasirig Pa.rty" means the�h�rd��arty�.hat ovves Borr�wer
<br /> Nlisce��aneous Proceeds or the parfiy agai:r�s�whom Borrov�er has a right of aetion i.n regard�a Miscell.ara.eous
<br /> 1'raeeeds.
<br /> ]3orrowe�shall be in default if axly acti.an o�-praceeciing, whether civi�or crixnxx�al, is begun that, ix�.Lender'�
<br /> �udgment, c�u.�d resu�.t zn.forfe�.t��of t�e Property or other r�ateria�im�airment af I1enc�er'�i�xterest in�1�.e
<br /> Proper�y or r�gh�s�.n.der th-�s See�xrity Ynst�nent. Borrower can cure suc�.a c�efau:It and, �f acce�:era�io�ha.s
<br /> occ�rre�., re�.n.sta.te�.s prov�d.e�.in Se�tior� �9, by cau�i�n.g�ie act�or�or�roceed�ng��be d.�.snzissed.�th a
<br /> ru��ng t�at, i�:L.ender�s judgrx�.ent, prec�uc�es forfeature of�.ie P�op�r�y�����iex�ateria�impa�rment of
<br /> Lender's�nterest in�he ProperLy or x��g�.t��xnd�r this Sec�xrity Ir�strum�nt. T�e praceeds of ax�y award o�
<br /> claim for damages t�iat are at�ributab�e�o th.e impairment vf Lenc�er's i�terest in�e Pr�per�y ax-e here�by
<br /> assigned and.sha1�.b�pai.d to Lender.
<br /> AL�.M�.sce�.�an�ous Proceeds�hat are not applied ta restarat�on or repair af�he Property sha��be app�.�.ed in the
<br /> �rder provide�for ir�Sec�on�.
<br /> 24��T896
<br /> NEBRASKA=Singfe Family-Fannie M ael�red�ie Mac LINIFQF�IU! �NSTRtlM ENT �Qrm 3028 11�'[
<br /> VNi P C] VM PG�NE}{�f 3�Z}
<br /> Vtila€ters Kl�r�er Financial Services Page'f D�f�7
<br />
|