|
��1 5�5�3�
<br /> sat�sfact�an, pravi�eci�hat�u�h inspection shall be und�rtaken promp��y. Lender may pa�far the r�pairs
<br /> and r�stora��on in a single disbursement or�n a s�r�es af prtigress payments as the vvork�s completed.
<br /> Ur�le�s an agreement is made in writing ar Appl�cabl� Lav�r re�uires interes��o be pa�d on such
<br /> Miscei�an�ous Praceeds, Lender shall no�be requ��ed to pay B�rrawer any�nterest�r earnings�n su�h
<br /> Mis�ellan�flus Proceeds. If�he r�staration or repa�r�s not e�:onomically feasib�e or Lend�r's securi�y wou�d
<br /> be l�ssened, th�M�scellaneous Procee��sha1� be app�zed to the sums se�ured by thi� Secur�ty Instrument,
<br /> wh�ther or n�t�hen due, wi�h the excess, if any, paid t� Sorro�er. Such M�sceilan�ous Pr�ceeds sha1��e
<br /> applied�n the Qrder provided for�n Section�.
<br /> In�he event of a tatai�akingy d.�.'S�I���1�T1} or Ioss in value af the Proper�y, the Mis�el�an�ous Pxoce�ds shall
<br /> be app���d ta the sums secu�re�by this Security Ins�rument, whether or not th�n due, wi�h the excess, �f any,
<br /> pa�d�� Borr�ower.
<br /> In the ev�n��f a part�al taking, d�stru�t�on, or�flss in valu��f tne Property in which�he fair rnarket va1u�of
<br /> �he Proper�y�mmed�at�iy befare�he par�ia��aking, destruc��on, ar�oss in value�s equal to or greater�han the
<br /> amoun�af�he sums��cured�y�his Security Instrument irnm�diately befare�he par�ial taking, des�ruGtion, or
<br /> iQss�n value, un�es�Barr�wer and Lender oth�rwise agre�in wri�ing, the sums secured by thzs Security
<br /> �nstrum�nt shall he redu�ed by th�amount�f th�M�scel�ane�us Proceeds multipli�d by the follawing
<br /> fracti�n: �a}th���ta� amoun�af the sums se�ured immed�a�e�y before the part�al tak�ng, de��ructi�n, �r��ss
<br /> in valu�div�d�d�y�b}th�fair mar�et�alu�of�h�P��p�r�y immediatei��efo�e the partia��aking,
<br /> destru�t�on, or loss in value. Any baiance sha�I be paid t�Borraw�r.
<br /> In�he event of a par�ial tak�ng, destru��ion, or��ss in value of�he Pr�per�y�n which the fair rnark�t value�f
<br /> the Property immediatel�before the par�ial taking, destruct�on, or�oss zn va�ue is�ess than the amount af the
<br /> sums secured immediate�y before the par�ial ta�in�;, des�ructi�n, or�oss �n�alue, un�ess Bor�awer and
<br /> Lender oth�rwise agree xn wri�ing, the Miscellan��us Praceeds sha�t be appli�d ta the sums secur�d by this
<br /> Security Instrument�rhether or nat the sums are th�n due.
<br /> If the Pr�per�y xs abandon�d by Barrower, or�f, aft�r notic�by Lender�o Borrower�hat�he�ppos�ng Party
<br /> �as de�ned zn�he next sen�ence}affers to nZak�an award t�settl�a claim f�r damages, Borr�wer fa��s�o
<br /> resp�nd to L�nder within 3fl days af�er the da�e�he notice i�given, Lender is authorized to c��tec�and apply
<br /> the M�sc���aneous Pro����s ezther tfl restoratian or r�pair of�he Proper�y or to �he sums ���ured b�t�is
<br /> Securi.ty Instrurn�n�, �vhether ar nat then due. "�pposing�ar�y" means the third par�y�hat nwes Borrovver
<br /> �iscellaneaus Pr�ceeds ar the par��against whorn Borrflv�er has a r�gh��f acti�n�n regard�a Miscellaneaus
<br /> Prac�eds.
<br /> Barrower shall be�n defau�t�f any actifln ar p�oceeding, whether c�vi� or criminai, is begun that, in Lender's
<br /> judgrnent, cau�d r�suit in f�rfex�ur�af the Praper�y�r ather materia�impa�rrnent af Lend�r's int�res� �n the
<br /> Proper�y or�r�ghts under th�s�ecuri�y Instrument. Borrawer�:an cure such a default and, �f ac���erat�on has
<br /> �ccurred, �eins�a�e as prav�ded in�ection I9, by causing the act�on❑r p�roce�ding�o be di�missed with a
<br /> ru��ng that, in Lende�r's j udgmen�, prec�udes forf�iture of the Proper�y ar ath�r materia� �mpa�rment flf
<br /> Len�er's�nt�res�xn the Property or rights under�h�s 5ecur��y�ns�rurnent, The prac��ds of any award ar
<br /> claim for damage�that are at�r�bu�able to the impa�rm�nt�f L�nd�r's interest�n �he Pr�perty ar�here�y
<br /> assign�d and sha�i be paid ta L�nder.
<br /> A11 Mzsce�Ianeous Proceeds that are no�appl�ed to res�o�ation ar repa�r af the Prop�rty shal�be appl�ed in the
<br /> ❑rder pro�id�d for�n Se�t�on�.
<br /> N�BRASKA-5ingle�amily-Fannia MaelFreddie Mac UNIF�RM lNSTRl1M�NT Farm 3028�1�1
<br /> VMP� VMP6{NE}t13�2y
<br /> Wolt�rs i�luwer Financial Ser�ices Page 10 of�7
<br />
|