|
2� 1 ��4�44
<br /> satisfaction, pravided that such inspec��an shal��e undertaken prompt�y. Lender may pay f�r the repairs
<br /> and rest�rati�n in a sing�e d�s�ursemen�ar in a ser�es of pragress pa�men�s as the w�rk is camp�eted.
<br /> L�niess an agre�men� is made�n wr�t�ng or Applicable Law requires in�erest to be pa�d on such
<br /> Misc�ilaneous Proceeds, Ler�der sha�l nat be required to pay Barrov�er any inter�st or earn�ngs on such
<br /> IV�is�eilar�eous Proceeds. If the restoratian or r�pa�r is not ec�nomical�y feasibl�or Lend�r'� s�curi�y w�u�d
<br /> be�essened, the M�sce��aneaus Proc�e�s shai�be appl��d to the sums secur��by �his Securi�y �nstrumen�,
<br /> whether ar n�t th�n due, w��h the excess, �f any, paid t� Borr�wer. Such M�sc�llan�aus Proceeds sha�� be
<br /> applied in the order pr�vided far�n Se�t�an 2.
<br /> In the��en��f a�o�al taking, destruction, �r Ioss �n value of the Praperty, the Miscel�ane�us ProG�e�� shall
<br /> b�app��ed�a�he sun�s secur�d by this �e�uri��r �ns�rument, whether or not then due, with the excess, zf any,
<br /> paid to Barrawer.
<br /> �n the event af a partia� taking, destruc�ian, or�oss in�alue of the Prop�rty in�vhich�he fazr mark�t va�ue of
<br /> the Proper�y �mmed�ate�y bef�re the partia� �aking, des�ruction, ar lass in value is equa� to ar great�r than th�
<br /> amount af the su�ms secured by this S�curity Instrum�nt immediateZy befor�the par�iai �al�ing, destruct�on, �r
<br /> loss in value, unless Barrower and Lender a�hervw�s�agree in writing, th�sums secured by this Security
<br /> Instrument shal� be reduced by�he am�unt af�he N�zscel�an�aus Pr�ceeds mul��plz�d by the fo��owing
<br /> fraction: �a}�he total amount�f the sums secured imamed�ate�y befor�the par�ial taking, des�ruct�on, �r��ss
<br /> �n va�ue d�v�ded b�r ��� the fair marke��alu�af the Property immed�ate�y�efor�the partial tak�ng,
<br /> d�structi�n, ar loss in�a�u�. Any ba�ance sha�l be�aid ta Borrower.
<br /> In the event of a par�ia� taking, destruc�ion, ar lass zn�alu�nf the Pr�perty in which�he fa�r marke�value of
<br /> the Proper��r �mmedia�e�y befor�the partial taking, de�tructzon, ar�ass in�alu��s less than the amount of the
<br /> sums secur�d zmmed�ate�y befflr�the par�ial taking, de��ru�t�fln, ar��ss in vaiue, unl�ss Borrawer and
<br /> Lend�r otherwise agre�in�vrit�ng, �he Mxscellaneous Froceeds shall be app�ied ta�h�sums s��ured by �his
<br /> �ecurity Ins�rument wh�ther or rzat the sums are�hen due.
<br /> If�he Property is abandoned by Borrower, �r�f, aft�r n�t�ce by Lender to B�rrower that the�pposing Part�r
<br /> �as def�ned in the ne�.t sentence} affers to make an award ta s�tt�e a c�a�m for dama���, Borro�er fa��s �a
<br /> resp�nd to Lender within 3fl days af�er the date the n��ic� is given, Lender is author�z��.to c�lle�t and app�y
<br /> the Miscellan�aus Proc��ds either�a res�ora��on or repair of the Praper�y or ta the sums secured by th�s
<br /> 5ecur�t� �ns�rument, wh��her or no� th�n due. "�pposing Par�y" means�he third par�y that o�ves Borr�u��r
<br /> 1V��sce��aneaus Proc�eds or the par�� against vvhom Borrtiw�r has a righ�af acti�n in regard to M�sc���aneous
<br /> Prac��ds.
<br /> Borro�ver shall be in d�fault if an� action ar praceedzng, whether�ivi� or criminai, is begun�ha�, �n Lend�r's
<br /> judgmen�, cou�d resu���n forfeiture af the Proper�y or a�her material impairment�f Lender's in�er�st�n�h�
<br /> Proper�y or righ�s under�h�s Secur�ty �ns�rumen�. Borr�wer can cure such a defaul� and, if accelerati�n has
<br /> occurred, reinstate as pra�ided in�ect�on �9, b� causing the ac�zon or proce�d�nb to be disn�ssed�vith a
<br /> ruling�ha�, in L�nder's judgment, prec�udes f�rfe��ure nf the Pr�perty or o�her rnat�rial �mpairment of
<br /> Lender's �n�eres� in the Pr�per�y ar rights under�his Secur�ty �nstrument. The praceeds of any award or
<br /> c�a�z��.far damages that are attr�bu�abl�to the impairment of Lender's �n�erest�n the Praperty ar�hereby
<br /> assigr��d and shai� be paid to L�nder.
<br /> All Misce�ianeaus Prnceeds that are not applied to r�s�orat�on or r�pair�f the Praperty shai� be app�ied in the
<br /> order pra�id�d for�n Se�t�on Z.
<br /> NEBRASKA-Single Farr�i{y-�anr�ie MaelFreddie Ma�UNIF�RM INSTR[lM�NT Fvrm 3�28 11q�
<br /> VMP� VMPfi�N�}41302�
<br /> WoEters Kluwer Fir�aneial 5er�ices Page 14 vf 17
<br />
|