|
2� 1 ��8� 17
<br /> sa�isfaction, prov�ded tha�such rnspecti�n sha�l be under�aken prompt�y. Lender may pa� for the repairs
<br /> and rest�ration in a single disbursement or in a series�f progress paym�n�s as �he work is completed.
<br /> Unless an agreernent is made in writ�ng or Applicab�e �,aw requires in��rest�a��pa�d an such
<br /> Miscellaneous Proceeds, Lender sha�l nat b�requ�red�o pay Borrower an.y �nteres�or earnings on such
<br />. Misce�lane�us Proc�eds. �f the restoration or repair is nflt econ�m�i.ca��y f�as�b��ar Lender's secur�ty wau�d
<br /> be Iessened, the Misce��aneous Praceeds shall be appl��d to the sums secured b�this 5ecur�t��ns�rument,
<br /> wheth�r or not then du�, vv�th�he excess, if any, pa�d to Borrower. Such Misce��aneous Pr����ds shall be
<br /> app��ed�n the arder provzd�d for�n Sect��n�.
<br /> �n the e��nt of a�o�al taking, destruct��n, or loss in va�ue of�h�Pr�per�y, the Miscellan�ous Pr�c�eds shal�
<br />� be app��ed�o the sums secured by this Securit� Instrument, whether or n��then due, vvith the exc�ss, �f any,
<br /> pa�d�o Borrov�er,
<br /> �n the even��f a part�a��aking, des�ructio�, �r�oss in�a�ue of�h�Property in wh��h �he fair mar�et va�ue of
<br /> �he Property immediat��y befvre the par�ia� tak�ng, destruction, ar�ass in value i�equal to�r greater�han th�
<br /> amaunt of�he sums s�cured by this S�cur�ty �ns�ru�.ent im�mediately befare the partia� taking, des�ructian, or
<br /> ��ss in value, unless Barra�ver and Lender�therwise agree in wri�ing, fhe sums secur�d by this Security
<br /> �nstrument shali be reduced by�he am�unt of the M�sce��aneous Praceeds mu�tipl�ed�y the f�1low�ng
<br />; fraction: ta}�he to�al amount af�he sums secured �mm�diat���before the partial taking, destruc��on, ar�oss
<br /> in va�ue d�vided �y ��} the fa�r market va�ue of the Praper�y immedia�ely before the par�ia� �ak�ng,
<br /> des�ruc��an, or�oss in va1u�. Any balanc�sha�l b�paid�o Borrower.
<br /> �n the�ven�of a par�ia� �akxng, d�stru��ion, �r�oss �n value�f the Pr�pert�r in which the fair marke� �alue�f
<br /> the Proper�y immediately bef�re the partia� �aking, des�ruction, �r loss �n�alu��s �ess�han�h�amount of the
<br /> sums secured imrnedia�ely before th�partial taking, destruG�ion, ar loss in�alue, unless Borra�ver and
<br /> Lender�therwise agree in v�r�t�ng, �he Miscellaneous Proceeds shai�be appiied tfl the sums secur��.by thxs
<br /> Securi�y Instrument whether or n�t the sums are then due.
<br /> If�he Proper��is abandoned�y Borrow�r, or�f, aft�r no�i�e by Lender�o Borrower that the�ppos�n� Party
<br /> �a� defined in the next sentence}affe�r�t�m����a�a��rd���e��I�a�lair�for damages, Borrower fails �a
<br /> respond to Lender within 34 days after the dat�the na�ice is g��en, Lender is autharized�o coliect and app��r
<br /> �he Misc��lan�ous Proceeds eith�r to r�storati�n or repazr of the Proper�y or ta�h�sums secured by th�s
<br /> Security Instrument, vvh�ther or nnt then due. "�ppas�ng Par�y" means th��h�rd par�y that owes B�rrawer
<br /> Mzsce��aneaus Proce�ds or the par�y aga�nst whom Borr�wer has a righ�of act��n�r�r�gard ta M�scellaneous
<br /> Proceeds.
<br /> Borr�wer sha�l be�n default if any act�on or proce�ding, whether czw�� or cr�m�na�, �s begun tha�, in L�nder's
<br /> �udgment, �ould resu�t�n farfezture of the Property or o�her ma�er�a� �n�.pazrmen�of L�nc�er's interes� in�he
<br /> Proper�y or rights under th�s Se�urzty �nstrum�nt. Borr�wer can cure such a defau�t arid, if a�ce��ration has
<br /> �ccurred, re�ns�at�as provide�in Sectzo� �9, b�causing the act�on or prn�e�ding t�be dismussed wi�h a
<br /> ruling that, in Lender's judgment, preclud�s forfeitur��f th�Prop�r�y or ather materia� �mpairment�f
<br /> Len�er's intere�t xn �he Pr�p�r�y ar righ�s und�r�h�s �ecur��y �ns�rumen�. 'T�ae pr�ceeds of any award or
<br /> c�aim for damages that are at�r�bu�able�� the impa�r�n�n�of L�nder's �nt�rest zn�h�Property are hereby
<br /> assigned and shall be paxd�a Lend�r.
<br /> A�� Mzscella.r�eous Prac��ds tha�are n�t app��ed�o res�ora��an ar r�pa�r of the Praper�� shall be app��ed in th�
<br /> order pravid�d for in Se�t�on Z.
<br /> NEBRASKA-Singfe Famiiy-Fannie Mael�reddie Mac UNIFQRM�NSTRtJM�NT Farm 3028�J01
<br /> VMP Q VMPS{NE1{1302}
<br /> Wolcers Ktuwer Financial 5er�ices Page 10 of 17
<br />
|