|
2� 1 ��5149
<br /> satisfacti�n, prflWided�hat such �nsp�c�ion sha��be under�aken prampt�y. Lender may pay for�he repa�rs
<br /> and restara���n in a s�ngle disburs�ment or�n a series af pragress paym�nts as th�work is compieted.
<br /> Un�ess an agreement is mad��n wri�ing flr Appl�cable Law r�quzres in�er��t to be paid an su�h
<br /> M�sce�lan�ous Proceeds, Lender sha�� no�be required to pa�B�rrower any �nterest�r�arra.�n�s on such
<br /> Mis��i�aneous Praceeds. �f�he r�storat�on or repair is na�econamical�y feasible ar L�nder's securit�would
<br /> be��ssen�d, �he Misce��aneous Proce�ds sha�l be app�ied ta th�sums s�cur�d by�his Security Ynstrum�nt,
<br /> �vhether ar not then du�, with the exc�ss, �f any, paid�fl Barr�wer. �uch Miscel�an.eous Proceeds sha�l be
<br /> app��ed in th�order pr�v���d for in Sec��on�.
<br /> �n the e�ent�f a�otal�a.l�zng, destruc�ion, or��ss zn�a�ue of the Proper�y, �he Miscelian�ous Proce�ds shall
<br /> �e appiied t�the sunzs secured b�this Secur�ty�nstrument, whether or no�then�.u�, wi�h the�x�ess, �f any,
<br /> pa�d to Barro�er.
<br /> �n�he e�v�nt of a par�ial tak�ng, des�ruction, or�oss in value af the Proper�y�n v�hich th� fa�r mark�t va�ue of
<br /> the Prop�rty�mmediately befare the par�ial takxng, destruction, ar�ass �n va�ue�s�qual ��or great�r�han�he
<br /> amount of�he�ums �ecured by�h�s Securi�y Ins�run�en�immediately before th�part�a� �aking, destructi�n, �r
<br /> loss zn value, un�ess Barrow�r and Lender othervv�se agree in wri�ing, �he sums s��ured by�his S�curity
<br /> �nstrum�nt shall be reduced by the a�mou�t�f�he M�sce��aneous Pr�cee�s mu�t�plied by the fol�owing
<br /> fra�tion: �a}the�o�al amount af the sums �eGured�mmed�ateiy before the partia�taking, destruCtian, or loss
<br /> �n value d�v�ded �y {�} the�air market�ral.ue�f�he�'roperty ���di���i���f��`e�h������ ��i��,
<br /> des�ruct�on, ar�ass �n value. Any balance sha��be pai��o Borr�vver,
<br /> In�he ev�nt of a par�ial taking, destruction, or l�ss in value flf�he Proper�y in which the fa�r market�alue of
<br /> the Prap�r�y immedia�ely before the partia� �ak�n�, des�ruction, or loss in valu�is less�han�he amount of the
<br /> sums secured immedia�ely before the partial �aking, destruc�ion, ar loss in�alue, unless B�rrower and
<br /> L�nd�r ntherwise agree in writing, the Miscei�aneous Pr�c��ds sha�l be appl�ed to�he sums se�ured by this
<br /> Securi�y�nstrum�nt whe�her or not�h�sums ar�t�.�n�ue.
<br /> �f the Property is abandoned by Borr�wer, or if, af�er not�ce by Lend�r tn Barr�wer that th��pposing Party
<br /> �as def�ned �n t�a�next sentence� �ffers to ma.�e an award to se�t�e a c�aim for damages, Borrower fails to
<br /> respand t� Lender with�n 30 days aft�r�he�iate the notice is given, Lender�s autharxzed ta ca�lec�and app�y
<br /> the Misce��an�ous Proceeds either to r�st�ration or repa�r�f the Property or to the sums s�cured by this
<br /> Securi�y �nstrument, �vhether�r not then due. "�ppas�ng Par�y" means th��hird party that ovves Borrower
<br /> M�sce��aneou� Proc���.s or the par�y agains�whom Borrower has a right of ac�ian in regard t� Misce�laneou�
<br /> Proceeds.
<br /> Borrower shall be��default if any a��ian�r pro��eding, v�hether civil or cr�muna�, is begun that, �n Lender's
<br /> judgment, ��u�d result in forfei�ure�f the Proper��r ar��her ma�erial impairm�nt of L�nder's �n�erest�n�he
<br /> Pr�p�r�y�r righ�s under�his Secur�ty �nstrument. Borr�wer can cure such a defau�t a.t�.d, if acc��eratian has
<br /> occurred, re�nstate as pr�vided�n Se�t��n �9, by caus�n�the act��n or proceeding�o be dismis�ed with a
<br /> ru��ng tha�, �n Lender's�udgmen�, pre��udes farfti�ur��f�he Prflper�y nr other mater�a� impairment o�
<br /> Lender's interest in�he Proper�y or right�under th�s S�cur�t�r�nstrument. The proce�ds of a�y a�vard or
<br /> c�a�xn for damag�s �hat ar�a��ribu�ab�e�a the�mpairment of Lender's in�eres�in the Property are hereby
<br /> ass�gned and shall be paid to Lender.
<br /> All M�sce��aneous Proceeds tha�ar���t app�zed�o res�oration or r�pa�r af��e Proper��shai� be appl�ed in the
<br /> �rder provid�d for in S�ctian 2.
<br /> NEBRASKA-Singfe Family-Fannie MaelFreddie Mac tJNi��RM INSTRl1MENT Form 3025 1141
<br /> VMP[r� VMPStNEy{13�2f
<br /> Wolters Kluwer Financiat Ser�ices P�9���o��7
<br />
|