|
��1 5�71 ��
<br /> Tf��-��Pr�}perty�5 c�am�.gec�, suGh 1VIZscellaneous Proceeds sh�.11 be a�plied ta res��ration or repair af th�
<br /> 1'roper�y,if��ie res�oration or repai�is ecanomi�ally fe�sib�e ar�d Le�.d�r's security is�o-���ssened.I]uring
<br /> suc�h repair ar�d r�stt�rat�ion period,Le�der sha11�lave�he rigl�t�o h��d suc�1 Miscell�.r�eaus P��c�eds un�i1
<br /> Le�.c�er has�ad a�opport�.�.n��y to ir�spec�such Pr���r��to ensur�the wo��1�has been c�m��eted�a Len�er's
<br /> � s�.t�sfac�icm,pr���id�c�tha�such ir�sp�c�i�z�.sh�.�I b�ur��et�t�.l�e��.pro�np��.�.Len�.�r m�.y pay for��.e repairs
<br /> and r�s��ra�ifln in�.sing�e d�sburseme�.�or in�:ser�es of p�o�ress payments as th�v�ar���s completed.
<br /> ZJr�1�����.n agreement is ma��e��.w�it�ng or Applic�.bl.e L�:w re�L��res interes�tfl�e pa.�d on such
<br /> Nlis�ellaneous 1'roceec�s,Le�de�r sha��noti be�equ�red to p�.�Bflrrower a�.y zr��eres��r earnings on such
<br /> Mi�c�ll�.neous P�oc�edse�l the�•es�or�.tia.�ar:repair is ra.ot ecor�ami�ally fe�sxb�e or Ler�c��r's securi�y
<br /> wou.�d b��essen�d,�h�Miscellaxa.�oL�s Proc���.s sh��1�e�.ppliecl to the suxns securec��y t��is S e�t�rzty
<br /> Instru�rn.ent��vheth�r or t�ot�hen du�,with t�1e excess,�f an�,paid�o Borra�er. St�ch 1��scc��aneous
<br /> Proce�ds sha11�be��p1ie�.i�.�h�or�.er prov�ded:for i.n Sec��on�.
<br /> In�he��ren�:af�ta�a����i.�.g,��s�ru_���an, ❑r loss�n va1u�of the Pra�er��, �he M�sce�Xaneaus Proceeds
<br /> shall he�.pplied�o the surn�secured by�his S��L�r��y Ins�rume�.�,whether or no�9;hen.du�,wi�h 1;he e�cess,
<br /> if any,pa�d ta Borrav�ere
<br /> In�he evezzt of a partial�aki�zg,destruc�ion,�r��ss in value of the Proper��in�v�ich the f�.ir m�rke��v�.�ue
<br /> of the Praper�y immedi�.�el.y befQre the p�r���.l��.l�inb, destr�.ic��o�a,ar�oss in value is ec�u���o ar grea�er
<br /> thazl the amaunt of the su�iz�secured�y�h.�s S ecur��y I�s�rumen�xmmcc�i�.�ely before the par���.l�akir�g,
<br /> de��ruct�on, or�oss in va�ue,unless B�rrower and L�nc�er otherw�se�.gree ir�v�ri�iz�g,�he sum.s securec�
<br /> by th�s SecL�rit�I��stz-ume�zt sh�.l1 b�re��.ced l�y�he ama�.i���f�hc Mi��cll�neous Prace��.s multipli�d by
<br /> t�e follawi��frac�ian: ��.��h.e tot�.l�.maL���of t�e sums secured imme�.i�te1�before�;h.e p�rt�a�taking,
<br /> destruction, �r lass i��val�.e c�iv�de�.1�y�b}the f�.ir marke�v��uc of the Fra�er�y imm.ed��.te�y before th�
<br /> par��a���.kin�, �es�ruc��on, or 1os� �n v�:�L��.Any b��ance shall be p��d to Borrower.
<br /> I�.�he ev�n��f a p�r�i�.�t�.ng,d�struc�i:on,��r 1c�55 ir�v�.lue af��e 1'roperty in��h�ch�h�f�.�r mark��value
<br /> of the Proper�y�mmediately b�fo�e the�p�.r���.I��.�ing,des�ruc�ion,or�ass����.l�xe is less�ha�.the am��.lr�t
<br /> �f�he s��ms se�urec�irn�nec�-ia��l��h�fore fihe p�.rti��tak��g,C��S�Z`E.1G�l�tly 4�'1055 1I1 V�.IU.�,un�ess Bfl�rawer
<br /> anc�Ler�der atherv�ise agre�i��Triting,��.e M�sce�l�.�.eat�s Proce�ds sha11 be ap��ie�.����.e sums secured
<br /> 17��115 S�CL�.11tY I115�T`l:l.ri1�11�W�"l���l�r Or T10�t�l��LL�1Z5 c`i.�'e t�7eI1 t�.11�,
<br /> If��Ze Praperty is�.��.ndo�ed b�I3o�ro��rer, ox iF, �.�cr r�ati�e�by Ler�c�er ta Borro�rer�h.a�the�ppos�ng
<br /> Par���as defined in�h�ne�.�sen�:e��e�offers to m�:�fe an av��r���settl�a c��.im for d�.m�.ges,Barr���er
<br /> fa��s�o resp�ild�o Le�d�r w��hin 3�da�s afte�•�he datc the no�ic��s g�veny Ler�der is au�horzzec�to�a�lec�
<br /> �.n.c�app�y��e Miscellaneous Proceeds e�ther to resto�ra�ian or�epa�r of�he Praper�y or ta�he sums secur�d
<br /> �y��us Secuii�y Ins��.lme�z�,�vhethe�a�r r�.ot�hen dti�tc. "�p�osixa.g Par�y"means the th�r�.p�r�y t�.�.�a�ve�
<br /> Borrower M�sce�l�:n�ous Froceeds or�he p�.rtiy aga�nst wham Borraw�r h�.s a righ��f a.c���n�n regard��
<br /> Mxscellane�us Procee�s.
<br /> Barrovve�sha11�e��.d�f�u��if an�ac�i�n ar proceec�i�g,tivheth�r�ivi1�r crim�nal, zs be��un��a�,in
<br /> L�n�er's�udgment, co�.�c�re5ult in Forr��t��re a��he Proper���r oth�r rn�teria��.npairm�nt c�f Le��.er's
<br /> in�erest ir�t�ie Pro�erty or�igh�s under this S�cu�ri��Instrum�n�.Borravver c�.��:��e sL�ch a default�nd,
<br /> xf a�celer�.�:ion has❑ccu.r.r�c�,r��n��ate as prov�ded i:n Sec��or��.9,by caus�ng�he�.c�ior�flr�racee�.ing�a
<br /> ��disrnissed�ri�h a r�,�.�i�.g��i�.�,ix�Lender's�u�.gm�.er��:,prec�u�es ForFeitu.a.•e�f the P�oper�y or ot�ier ma�erial
<br /> imp�.irment of I�ender',s xnterc�5�i�the Proper��r ar righ�s unc�er�his Secu�ity I-�strum�nt.The pr�ceeds nf
<br /> HCFG-00359
<br /> NEBRASKA-Single�'amily-Fan�ie M�elFreddie Mac UNlFDRM INSTRl1M�NT �arm 3D�8 11a�
<br /> VMP� Q����
<br /> Wvlters i�luwer Financial S�rvices 2a�����415.�.�.3298�.1�D�505aGY Page 1 D of�7
<br /> * 0 22 �`
<br />
|