|
��15�155�
<br /> sat�sfac��on, prov�c�ed�Ilat suc��tlspec�.�o�.s�a.a��be un�.er�a�{en pra�l�p�1y. Ler�t�e�•�nay�ay far�he repairs
<br /> an�.res�orat�o�:iz�a singl�disbuz'setner��or��.a series of prag�ess�aytnents as�he vvo�rl{i�comple�ed,
<br /> Unless an agree�nen�is xnade��.vvr��xng or Applicable La�v requires i�teresti�o be paic�on such
<br /> Mxsce��a��.�aus Proceed�, Lendex sha11 no�be requi�red�o pay Boi•�awer a�y i�teres�o�r earrzings o�such
<br /> �iscellaneous P��oc�eds. If��Ze�iesti�ra�ior�or repair is na�ecar�ot�aically feasz�Ie or Lend�r's securi�;y wou��.
<br /> be Iessened, ��Ze�Vl�sceXlanefl�.�s Pz�cee�.s s��al�be appliec�to�he su��ns securec�by�his Securi�y I���r�rnen�;
<br /> �t�vhe�her or x�o��h.en due; wi�h�he e�.cess, if any, �aid to BoxroWei�, Such M�sce��aneous Pracee�s sha�1�e
<br /> �pplied ir��he order prov��.ed for i�Sec�ion 2,
<br /> rn t11e�vent af a to�ar tal�ing, desl;ructiat�, o��loss ��va��e of the Proper�y, �he Miscel�a�.�oL�s Proceeds sha1�
<br /> �e applied to�he su�ns secured by�hi� Securi�y Ir�stru�nen�; vt�hethet or�a�then dL�e, wi�h�he excess, �f any,
<br /> �aaid�o Bo�rawer.
<br /> I�:���e even�of a part�al tiak�ng, destruc�i��, �r�oss i�.va��e of�he Pra�erty i�vv��ch the fa�r�narlce�va�ue of
<br /> �he P�o�e��y zzn�llec�za�ely�efore tihe�aa.���a��a��ing; �es�ruc�ian, or 1c�ss in value�� equal�o or gr�ater�ha�.�he
<br /> a�noun�of�he su�r�s secured by�his Se��xr�ty��s�rui-nen���n�nedia�ely�efo�e�he part�al�al�ing, de�truc��on, ar
<br /> lo�s �n va�ue, u�1�ss�oxra,wer and Le�.der o�h�rw�se agree in wri�tng, t�e sums secut ec�by�his Securzty
<br /> Instru�nent s�.a��be reduced by ti�ie�.�r�oun�af�lze Miscellar�eous Proceeds muXti�lied by���e following
<br /> f�ac�ion: �a��he�fl�al a��nou�����he su�ns secured r�nmedia�e�y�efare�he par��al�alcing, destru.ct�o�a, o�r�oss .
<br /> ���.va��.e c�ivic�ed by�b}�he faz���.ar�e�value of�he P�a�aerty i�nm�c��a�e�y�ef�����he partial talfing,
<br /> des�ruc�ian, a��loss i�z value. A�zy balance sha1�be p�:id ta Borro�wer. �
<br /> I�.��ze e�en�o�a�a��tiza��al�ing, des��ruc�ion, or lass in value of���e Pro�erty ir�which�he fair�n�r�cet value of
<br /> ���e Pra�er�y ir�nlnedia�ely befo��e�he pai��ia1 t�.king, c�estru.c�ian, or loss in va�ue�s 1es��har��I�e amoun�of the
<br /> st�lns secured i�n�ne�.za�ely l�efore���.e par�ial�a1��ng, dest�uc�ior�, or Ioss i�z v�.�ue, txn.less Borrower a.nd
<br /> Lender other�vise agree in vvri�rng, ��e 1Vliscel�aneous P�o�e�ds �hall be app����.�o the suins secured by��i�s
<br /> Securi�;y�r�s��umen�vv�ze�he�r or no��he su�x�s are�hen due.
<br /> If�he Praper�y is abando�.ed by Borrowe�r, or�f, af�er no��ce by Lender�;a Borrowe���iat t�ze C��p�sing Par�y
<br /> �as d.efir�ed in��:e next sen�ence� �ffe�rs�o xna��e ax� a�ward�a �e��1e a clai�n for da��lages, Borrov�rer fa��s to
<br /> �e�pofzd�o Le��.e�v�r��h��.3� days af�er�he c��.te�1ze zio�ice�s giver�, Le�der is au�ho�'��ed to cal�ec�a�.d ap�1y
<br /> �;he M�scellaneaus Procee�.s ez��.er ta res�ara�ian o��epair of t�ze Proper�y ar to t�e surns sect�red by��ais
<br /> Securif:y Z�strument, whe��zer or�o�then d�e, "�ppasing T'a��y" �nea�s�he�h�rd par�y t�ia�o,tnr�s BorY awer
<br /> M�sce��ar�eot�s Praceec�s or f;he�a.r1:y agait�st vv��o�n Barrower�as �.righ�of ac��a�ir�reg�.rc��o MisCe�la.r�eous
<br /> T'roceeds.
<br /> B�rrower sha�1�ae�n defaul�if�ny ac��or�o�proceeding, v����her c�vil or c����r���xa1, i��aeg�n th�.�, in Lez�der's
<br /> �t�c�g�nen.�, could�'�su�ti i�a.forfe��ure of�tie I'ro�����y or�th�t ma�e�r�a�i�x�pair�ne���a�'Len�er's����res��n�he
<br /> �'rope��y a�rxgli�s�i�de�th�s Securi�y Instru�ner�ts �3orro�ver can cur�st�ch a defaul�a�zd, i�accele�a�io�1 has
<br /> o���.�rr�d, re�ns�a�e as provic�ed in Sec�i�n 1�, by causing�he ac�io�or pr�cee��z�g t�be dis�zzisse�vvi�h�.
<br /> ru��ng��za�, �n�e��der's,�ud��nen�:, precludes farfeit�re nf th.e Pro�er.ty or���ze�r ma��r�al �znpairment�f
<br /> Le�z�er's�n�eres�i17 the Property.�� rig��ts u�der�his Securil:y I��s�;ru���e�t. T�ze proceec�s of�riy awa.rd or
<br /> cla��n for daznages��at a���.tt�sUu�able ta t�le i�npairinenl:aF Le�c�ex's�nteres��n tlze Proper�y a�e hereby
<br /> �ss�gnec�and sha��be pa�d.�o Lender.
<br /> Al�M�scel�a�le�us Proceeds�laa�a.re no�ap�lied�o res�a���.�ion or re�ai�of���e Prope�l:y s�zaTr b�app�ied.i�1�he
<br /> order p�ovided.for�tz Sectian 2.
<br /> �4a�797�
<br /> NEBRASKA-5ingie Family-Fannie M ae��re�die M a�UNI�DRM INSTRUM�NT �arm 3a28�1��
<br /> VMP� VMP6�N�}(13D2}
<br /> Vllalt�rs Kluw er Financla�Services Page 1 a af�7
<br />
|