|
��15�57��
<br /> satisfaction, pro��ded that suGh inspe�tion shall be ur�derta�en promp��y. Lend�r ma�pay far the r�pairs
<br /> and re�torat�an�n a s�ngle disbursement or in a s��ies of progress pa�ments as the work is completed.
<br /> Un�ess an agreement is made in writing or Appli�able Lavv re�uires inte�res��o b�pa�d on such
<br /> Miscel�aneaus Proceeds, Lender shall nat be re�uired to pay B�rrower any �nterest or earnings�n such
<br /> M�see��an�aus Prace�ds, �f the restoratian or repa�r is no�econarn�ca��y feasible ar Lend�r'�securxty wou�d
<br /> be�essened, the Misce��aneous Proc�eds sha�� be app��ed��the sums secured by this Securi�y�n��rument,
<br /> wh��her or n�t then due, with the excess, �f any, paid ta Borrower. 5uch Misc��Ianeaus Praceeds shal�be
<br /> applied in�he arder pro�ided f�r in Sect�on�.
<br /> In the e�ent of a�ata�taking, destruction, ar loss �n va�ue af the Prapez�y, the Mis�ellar�eous Prac��ds sha�l
<br /> be app��ed to�he surns secured by this S�Curity �nstrum�n�, whe�h�r ar not then due, w�th th�exCes�, zf any,
<br /> pa�d to BflrraWer.
<br /> �n the��en�of a par��a� tak�n�, des�ruction, ar loss in value af th�Pr�perty �n which th�fai�r marl�et value af
<br /> the Prop�rty xmmed�a�el�befare the partia��aking, des�ruct�fln, ar loss in va�ue�s equai t�or gr�a�er�han�he
<br /> amount of th�sums�ecured by�his 5ecurity�nstrumen� �mmed�ate�y before the par�iat ta.king, des�ruc�ion, or
<br /> �oss in value, unle�s Borrawer and Lender atherwise agz-ee in wr��ing, th�sums secured by this Secur�ty
<br /> �nstrum�nt shal�be reduc�d by the amount af the 1V[isc�I�ane�us Prace�ds mu�t�p�z�d by the fa�iow�ng
<br /> fract�an: �a}th�t�tal amaunt of the sums secured immedia�ely befare the part�al�aking, destruct�on, or Ioss
<br /> ir�va�ue di�ided by�b��h�fair market value of�h�Proper��r�mmed�ate�y bef�re the par�ial�al�ing,
<br /> destruction, �r�oss ir�valu�. Any ba�ance shal�be gaic� ta B��rrower.
<br /> �n�he�vent�f a par�ia� �ak�n�, destruct�on, ar l�ss in va�ue af the Prap�r��in wh�ch the fa�r market value of
<br /> the Proper�y immed�ate��before the par�ial taking, des�ruc�ian, or loss in va�u�is less than��e am�unt of the
<br /> sum�secured imme��a�e�y bef�re�he par�ial tak�ng, destru��ian, ar lass in value, unless Borrawer and
<br /> Lender atherw�se agree in writing, t��Mxsc���aneous Praceeds sha�l be applied�o th��ums secured by th�s
<br /> Security �ns�rument�vh��her ar nat th�sums ar�th�n due.
<br /> �f the Praper�y is abandan�d by Borxower, or if, af��r notice�y Lend�r ta Barr�wer�hat the 4pposing Party
<br /> �as defined�n the next sentence}offers to rna�e an av�ard ta s��tle a c�aim for dam�ag�s, Borrav�r�r fails ta
<br /> respand ta Lender w�th�n 3a days after the da�e�he nat�ce�s gzven, Lender is authorized to coliect and app�y
<br /> the Misce��aneaus Prac�e��either to r�stara��on or repa�r of the Pr�p�r�y ar�o the sllrns se�ured by�h�s
<br /> Security �nstrument, wheth�r ar not th�n due. "�ppos�ng Party" means the�hird party tha�owes Ba�rower
<br /> Miscel�aneous Pr�c�eds or the par�y aga�nst whom Borrow�r has a right of action in�regard�o Miscellaneous
<br /> Proc�eds.
<br /> Barrower�hall be in defau�t if any ac�ian Qr p�oceed�ng, whe�her c����or criminai, is begun that, in Lender's
<br /> �udgmen�, cou�d resui�in forfezture af�he Property or other ma�er�al �rnpairmen�af Lender's interes�in the
<br /> PrQp�r��or�rights under thxs Securi�y �ns�rument. Borrower can cure such a default and, if acc��eration has
<br /> ac�urred, reinstate as pr�vzded in Section �9, by causing the actian ar proceed�ng ta be d�s�x�.issed with a
<br /> ru��ng that, in Lender's judgment, precludes forf�iture of�he Proper�y or ath�r mater�al impairrnent of
<br /> Lender's�nterest�n the Proper�y or rights under this 5ecurity�ns�rument. The pra�e�ds flf any award�r
<br /> ciaim for da�ma�es�hat are a��ribu�ab�e ta the�mpairmen�of Lend�r's inter�st in the Pr�p�riy a�e hereby
<br /> assigned and sha��be paid to Lende�,
<br /> AI� Miscellar�eous PraCe�ds tha�are nat appli�d to restoratifln or r�pair of the Pr�per�y shall b�appl�e� in th�
<br /> �rder pravzded for in Section�.
<br /> NEBFi�SKA-Single Family-Fannie MaelFreddi�Mac UNIFQRM 1NSTRUMENT F�rm 3028 11�1
<br /> VMP� VMP�{N�)t7 302�
<br /> Wvlters�Cluwer Financial 5er�ic�s Page i D of 1�'
<br />
|