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201602937
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Last modified
7/24/2017 1:46:46 PM
Creation date
5/12/2016 10:15:54 AM
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DEEDS
Inst Number
201602937
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2� 1 ��2937 <br /> by this Se�urity Instrument,whether or not then due,with the excess, if any, paid to Borravver. Such <br /> Miscellaneous Proceeds shall�e appiied in the arder provided for in Sectian 2. <br /> In the event af a total ta.l�ing,destruction, or loss in valu��f th�Property,the Miscellaneous Proceeds <br /> shall be applied to the sums secured by this Security Instrument,vvhether or n�t then due,vvith the <br /> e�cess, if any,paid t�Borrower. <br /> In the e�ent of a partial taking, destruction, or loss in value of the Property in which the fair market <br /> �a1ue of the Property immediately before the partial taking,destructivn, or loss in�alue is equal to <br /> or greater than th�amount of the sums secured by this Security Instrument imm�diately before the <br /> partial ta.king,destruction, ar Ioss in va�ue,unless Borrovver and Lender atherwise agree in writing, <br /> the sums secured hy this S�curity Instrument shall be reduced by the amount of the Misc�llaneous <br /> Proceeds multiplied by the following fraction: (a}the total amount of the sums secured immediately <br /> before the partial taking, destruction,or lass in value di�ided by��}the fair market�alue af the <br /> Property immediately�efore the pa.rtial taking,destruction, or loss in value. Any balance shall be paid <br /> ta Borrower. <br /> In the event of a partial taking,destructian,or Iass in�alue of the Property in which the fair market <br /> value of the Property immediately before the partial taking,destruct�vn, or loss in�alue is less than the <br /> amount of the sums secured immediately before the partial taking, destructi�n, ar loss in�alue, unless <br /> Borrower and Lender otherwise agree in writing,the Miscellaneous Proceeds shall be applied to the <br /> sums secured by this Security Instrument whether or not the sums are then due. <br /> If the Property is ahandaned by Barrower,or if,after nvtice by Lender to Borrower that the�pposing <br /> Party�as defined in the next sentence}offers to make an award to settle a claim far damages,Barrower <br /> fails to r�spand to Lender within 3� days after the date the natice is gi�en,Lender is auth�riz�d to <br /> call�ct and apply the Miscellaneou�Proc�eds either to rest�rat�on or repair af the Property or to the <br /> �ums secured by this Security Instrument,whether ar not then due. "�pposing Pa�ty"means the third <br /> party that awes Borrower Miscel�aneous Praceeds or the party aga�nst whom Borro�ver has a rig�it of <br /> action in regard ta Mis�ellaneous Proceeds. <br /> Borrovver sha11 be in d�fault if any action or proceeding,whether civil or criminal, is begun that, in <br /> Lender's j udgment, cou�d result in forfeiture of the Property�r ather material impairment of Lender's <br /> interest in the Praperty ar rights under this Security Instrument. B�rrawer can cure such a defau�t and, <br /> if acceleratian has accurre�l,re�nstate as pravided in Section �9,by causing the action or proceed�ng <br /> to be d�smissed with a ruling that, in Lender's judgrnent,precludes forfeiture of the Property ar other <br /> material impairment of Lender's interest in the Property or rights under this Security Instrument. The <br /> proceeds of any award or claim for damages that are attributa.ble to the impairment af Lender's interest <br /> in the Property axe her�by assigned and shall be paid to Lender. <br /> All Miscellaneous Proc�eds that are not applied tQ restoration or repair of the Property shall be applied <br /> in the ord�r prov�ded for in Section 2. <br /> 'I Z. Borrow�r N�t Reieas�d; Forbearance By Lender N�t a Wai�er. Extensi�n of the <br /> time for payment or modificatian of amort�zatian af the sums se�ured hy this Security Instrument <br /> granted by Lender to Borrower or any Suc�essar in Interest of Barrower shall not operate to release <br /> the�iability af Borrow�r ar any Successors in Interest of Borrower.Lender shall nat be required tfl <br /> cammence proceedings against any Successar in Interest of Borrower or ta refuse to extend time <br /> for payment ar oth�rwise madify amortization of the sums se�ur�d by this Security Instrument by <br /> reason of any demand made by the original Barrower or any Suecessors in Interest of Borrower. <br /> 220D5959fi2 <br /> NEBRASKA-5ingle Family-Fannie MaelFreddie Mac UNIF�RM INSTRUMENT Form 3�2811D1 <br /> VMp� 08l2�15 <br /> Wvlters ICluwer Financial Services 2�'ifi031115.3.�.3406-N20151019N Page��of 16 <br />
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