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201507705
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Last modified
7/21/2017 1:46:45 PM
Creation date
11/9/2015 11:17:46 AM
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DEEDS
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201507705
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2� 15�77�5 <br /> sat�sfac�ian, prov�ded�hat such inspect�on shall be und�r�aken promp��y. Lender may pay f�r th�repa�rs <br /> and res��ratzon zn a single disburs�ment or in a series �f progress paymen�s as the work is�omp�eted. <br /> Unles� an agreemen�is made in wr�t�r�g nr Applicable Law re�uires �nterest to b�paid an such <br /> M�s�ellaneaus Pr�ceeds, Lender sha�� not be requ�red tfl pay B�rrower any interest or earn�ngs an�uch <br /> M��c��laneous Pr�ceeds. If the restoration�r repair�s not ecanamical�y feasible or Lender's s�curity w�u�d <br /> be�essened, the Miscellane�us Pr�c�e�.s shall be app�ied�o th�sums se�ured b�this S�cur��y �nstrument, <br /> wheth�r�r nat then due, w��h the exCess, if any, pazd to Barrower. Su�h Misce��aneaus Pr�ceeds sha�i be <br /> app��ed �n the�rder pr�vided far in S�ct��n 2. <br /> �n the even�of a t��a��aking, destruc�ion, or�oss �n value of the Prop�r�y, �he MisG�I�aneous Proce�ds shal� <br /> be appZ�ed to the sum.s secured by th�s Secur�ty �nstrumen�, whether�r no�then due, with th�ex�ess, �f an�, <br /> pa��to Borrou�er. <br /> �n th�event of a par��a� �aking, d�struction, or�ass �n wa�ue�f�he Prflper�y in v�rhich the fair marke�walue�f <br /> the Praperty zmmedia�e�y before�h�pa�ial �aking, d��tru�tiany �r�oss �n va�u��s e�ua�to or grea�er than the <br /> amoun��f�he sums secured b��his Security �nstrument �mmediat��y before�he par��a� �ak�ng, destruction, �r <br /> loss �n va�ue, un��ss Barrower and Lender othervvis�agree�n v�ritzng, �he sums secur�d b��his Secur��y <br /> �ns�rument sha�l be r��uc�d�y�he amount af�h�Misce��aneaus Proceeds mul�ip�ied by the fo��o�r�ng <br /> frac��on: �a�the tata� am�unt of the sums secured irnmediat�ly befor��he par�ial taking, des�ruction, ar�o�s <br /> in va�ue d�v�ded b� �b} th�fair m�.ark���alue�f the Proper�y immed�ate�y�ef�re the par�ial�aking, <br /> destructi�n, or��ss in va1u�. An�r ba�an�e shall�e paid t�B�rr�wer. <br /> In the event�f a par�ia� �ak�ng, de�tructi�n, or lass in va�ue of�he Proper�y zn wh��h the fair market value�f <br /> t��Pr�p��ty �mm��iate��befflre�he partia� takiz��, �.�s�ru��i���y �r�oss i���va�ue�s �ess t��a.��the a���out�t�f���e <br /> sums secured imm��.ia�e��r b�f�re th�par�ial�aking, d���ruc�x�n, �r��s� in va�ue, un��ss Borro�rer anc� <br /> Lender otherw�se agr��in vvr�t�ng, the Misc�llar�eaus Proceeds shall b�app��ed ta�he sums secured by th�s <br /> Secur�ty�ns�rument wh��her ar no�the sums are then due. <br /> �f the Prape�y is abandoned��Borrovwer, ar�f, after no�ice by Lend�r�o�3�rrower that the�pposir�g Party <br /> �as defined in the next sentence} offers to make an award t� se�tle a�la�m for�ama�es, Barrower fai�s�o <br /> respond�a Lend�r within 34 days af�er the da�e th�nat�ce zs give�, Len��r is author�zed t�co��ec�and app�y <br /> the M�sce��aneouS Pro�eeds ezther to restoration or repa�r of th�Property�r ta the sums s�cured by th�s <br /> Secur��y �ns�rumen�, �vhe�her or not then due. "�ppasing Party" m.eans �he third party that awes B�rrower <br /> Miscellaneous Proceeds or�he part� aga�ns�whnm B�rro�er has a r�gh�of acti�n ir�regard ta Misc�llane�us <br /> Proc��ds. <br /> B�rrnwer sha�l be�n�efau��xf any act��n or proceed�ng, wh�th�r c��i� or crzmina�, zs begun tha�, in Lender's <br /> judgment, cou�d re�ult in forfex�ure of�he Proper�y or��h�r mat�rial impairm�n�of L�nder's �nter�st in th� <br /> Pr�per��r�r rights under th�s Securzty�nstrument. Borr�w�r can�ur�such a defau��and, if acce�erat�an has <br /> occurred, r�ins�ate a�pro�id��zn Sec��on ��, by�ausing the ac���n or pr�ceeding to be disxnzssed w�th a <br /> ru�ing that, �n Lender's judgment, pr�c�udes forfe��ure af the Proper�y nr a�her mater�al irnpazrment flf <br /> Ler�der's �nterest in the Pr�perty or r�ghts under th�s 5ecurity �ns�rument. Th�proceeds of any award or <br /> c�aim f�r dama�es�ha�are attrzbu�abl�to the�mpa�rment af Lender's�nt�rest�n�he Pr�p�r�y are h�reby <br /> assign��i an�i sha��be paid to Lender. <br /> AI1 Mis�ellan��us Proceeds that are no�app��ed�� restarat�on or repa�r�f�he Prflperty sha��be applied�n�he <br /> ord�r pro�ided f�r in Sec�ion�. <br /> NEBRASKA-Sing�e Family-�annie Ma�1�re�idie Mac UNi�QRM INSTRUMENT �vrm 3Q28 11D1 <br /> VMP[�] VMPfitNEy=7 3DZf <br /> Wa�ters Kluwer Financia�5er�ice� Page�4 v'f�7 <br />
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