Laserfiche WebLink
2� 1 ��3� 1 � <br /> satisfacti�n, pravided tha�such�nspec��on sha�� be und�r�ak�n promp���. Lender may pay for the repa�rs <br /> and restorat�on in a singl�d�sburs�men�or�n a series of pragress pa�rments as the�vork�s camp�et��, <br /> Lln�e�s an agreem�nt is made in�vr�t�ng or Appli�able Law re�uires in�erest to�e pa�d on such <br /> M�s�e��ane�us Praceeds, Lender shali not b�required to pay Borrower any inter�st ar earnings on suc� <br /> M��ce��a�ze�us Proce�ds. �f the restflrati�n or repair�s na�ecflnom�ca�ly feaszb�e or Lender's se�ur�ty�v�u�d <br /> �be�essened, �he M�sce��ane�us Proceeds sha�l b�applied t� �he sums secured by�hzs Secur�ty �nstrument, <br /> whether or not�hen due, �v�th�he excess, �f any, paid t� Borrower. Such Miscei�aneous Proce�ds sha�I be <br /> app�ied in the order pr�v�ded for�n Section 2. <br /> In the event of a tota� �aking, des�ruc��an, �r�oss zn valu�of�he Praperty, the Miscellaneous Pr�ceeds shall <br /> be app�ied��the sums secured by this Se�urz�y�nstrumen�, wh��her ar n�t then due, vvith the exc�ss, if any, <br /> paid to Borrower. <br /> In th�event�f a par��al taking, destru�ti�ny or�oss �n value�f the Prop�r�y in which�he fa�r marke��alue af <br /> th� Pr�p�r�y zmmed�at��y bef�re the partia� taking, destruction, �r loss in�a�ue is equal to ar great�r�han th� <br /> amaunt af th�sums secur�d by �his S�curit�r Instrument immediately bef�re the par��a� tak�ng, destructian, ar <br /> ��ss in va�ue, un�ess Borrawer and Lender oth�rwise agree in u�ri�ing, the sums secured��r th�s �ecurit� <br /> �nstrumen�shal�be reduc�d by the am�un�of the Misc�I�aneous Pr�c�eds�rnu�tzp��ed by the fol�owing <br /> fra�t�on: �a} the tatal amflunt of the sum� s��ured �mmed�a�ely b�fnre�h�part�a� tak�ng, destruction, or loss <br /> in�a1ue di�ided b��b�the fair market va�ue�f�he Prvper�y �mmedxate�y b�fvre the partia� taking, <br /> destruCtion, or�as� in value. Any ba�ance sha��be pa�d�o B�rrower. <br /> �n�he e�en�of a partia� �a.�ing, �estruction, or�oss �n value of the Proper�y in which the fair marke�va�ue�f <br /> the Property�mmediately b�fore the partial taking, des�ruct�on, or l�ss ��.value�s��ss than the amoun�of the <br /> sums secured�m�media�el�before�he par�ia� taking, destruction, or l�ss in va�ue, unless Borrower and <br /> Lender atherwise agree�n wr�t�ng, th�M�sc�I�aneous Pra���ds sha��be appl�ed ta t�.e sums secur�d b�this <br /> Se�urity Instrument whether�r not the sums ar�th�n due, <br /> If�he Pr��er�y is aband�n�d by Borrow�r, or�f, after not�ce by L�nder�o Borrow�r�hat the�pposing Par�y <br /> �a� def�ned�n�he nex��en�enc�} �ffer�to mak�e an a�ard to �ettle a�c�a�n�f�r damag�s, Bflrr�v��r fa��s t� <br /> resp�nd to Lend�r w�thzn 34 days after the dat�the no�ice is giv�n, L�n��r is au�harized t�c��l��t and apply <br /> the Mi�c���ane�us Proceeds�ither ta re�tflra�ian or repair�f the Pr�per�y�r to the sums secured by th�s <br /> Securi�y�nstrument, wh�ther�r n�t�hen du�. "t�pposing Par�y" means the�hird part�r that av�res Barra�ver <br /> Miscellane�us Praceeds ar the party agaxnst wh�m B�rr�v�er has a rzgh��f acti�n�n regard��Miscellaneous <br /> Proceeds. <br /> Bnrrnwer shall b�in�efault if any ac��an or proceed�ng, vvhe�her civ��or crzxnina�, is be�un that, in Lender'� <br /> judgment, cou�d resui�in forfe��ure of the Prop�r�y or ather mat�ria� impairment af L�rider's �nterest�n the <br /> Property or r�gh�s u�der�his�ecurit� �n�trument. B�rrow�r ca�z Gur�su�h a default ax�d, if accelera�xon�as <br /> oc�urred, r�instate as pr��r�d�d in Section 19, by causing the action or proce�ding�o�e d�sm�.ss�d w�th a <br /> ru�ing that, in Lender'�judgment, pre��udes forfei�ure of the Pr�per�y��r flther mater�al �mpa�rmen�of <br /> Lend�r's in�erest in�he Property o�r�ghts under th�s Secur�ty �nstrumen�. `I�h��roc�eds�f any award ar <br /> c�aim for damage�that are a�tr�butahle t� the irnpairment�f Lender's �n��r�st in th�Proper�y are her�by <br /> assigned and sha�l be paid�o Lend�r. <br /> A�� Misc�llan��us Pr�ceeds tha�are n�t applied to r�storation or repair of�he Praper�y sha�l be app�zed in the <br /> �rd�r pra�ided f�r��Se�tion 2. <br /> N�BRASKA-5ingfe Famity-Fannie Mael�reddie Mac UNiFDRM INSTRUM�NT � Form 302$11�� <br /> VMP Q VMPfitNE��1342y <br /> Wolters Kluwer�i�ancial 5er�ic�s Pac�e 7�of 7 7 <br />