|
2� 1 ��8248
<br /> satisfaction, pra�ided�hat such inspe��ian sha��be under�aken pronlpt�y. Lender may pay for th�repairs
<br /> and r�st�rat�on �r� a single d�s�ursemen�or in a seri�s of pr�gr�s�payments as the w�r�zs comp�eted.
<br /> Unless a�agreem�nt is made in writing ar Applicabl�Law requ�res �nter�st ta be paxd�n su�h
<br /> Miscel�ar�eous Prflc�eds, Lender shal� nn��e requir�d�o pay Barrower an� �n�eres��r earnings�n such
<br /> �i�cella.�e�us Prflceeds. �f the res�ora�ion�r r�pair is not ec�namica��y feas�b��or Lender's se�urity vc��uld
<br /> be�essened, the Misce��ane�us Proce�ds shall be applied�o�he sums secured by this S�curity Ins�rumen�,
<br /> wh�ther�r not then du�, with�he excess, if any, paid to Borraw�r. Such N�isc�llaneous Proceed� sha1.1 be
<br /> app���d zn the arder pro�r�ded for in Sect�on�.
<br /> �n th�even��f a to�al taking, destructzan, �r l�ss �n�ralue of th�Prop�rty, �he Mis��ilan�aus Pr��eeds s�a��
<br /> be app��ed�a the sun-� secured by this Securi�� �ns�rument, wheth�r�r n�t then due, w�th the ex.�ess, if any,
<br /> paid to B�rrower.
<br /> In the e�en�of a pa.rtza�tak�ng, d�stru�tion, �r loss ir�valu�a�the Property zn�h�ch the fa�r mark��va�ue of
<br /> the Property irnmediatel�bef�re the par�ial �aking, des�ructi�n, or loss �n�a�ue zs equal to or gr�ater�han�h�
<br /> amoun�of�he sums secur�d by�his Securxt� �nstrument�mmed�ately bef�r�th�par�ia� taking, destru�t��n, �r
<br /> ��ss �n va�ue, unl�ss Borro�v�r and Lender otherv��se agre�in wri�ing, the sums s�cur�d b� this Secur��y
<br /> Instrumen� sha11 be redu�ed by�he axn�unt flf the N���ce��an��us Proceeds multipl�ed by the fa�lowxng
<br /> frac�ian: ta}the to�al amount of the sums secured �mmediate�y before the part�al takzng, de�truc�ion, or loss
<br /> �n vaiue div�ded b�r tb} the fair marke�va�ue of�he Proper�y �mm�diate�y before the par�za.l tak�ng,
<br /> d�5tIL1C�1D�, or lass in�alue. Any balance sha11 be paid t�Borrower.
<br /> In�he event af a partia.� �ak�ng, d�struction, ar loss in va�ue of the Proper�y in which the fair market va�ue�f
<br /> ��z ��o����y ii-����iat�l��e����th�pa�r�ial t�.k.ing, �est�-u�tian, ar Ia�s i��aluG �s les���ar����am�unt���h�
<br /> sums secured xmmediately��fare the partial tak�ng, des�ruc���n, ar l�ss in value, unless Borrower and
<br /> L�nder otherwise agree in writ�ng, the Misc�llaneous Prflceeds sha��be applied to the sums s�cured by this
<br /> Secur�ty In��rument whether�r na��he sums are th�n due.
<br /> �f the Proper�y is aband�ned by Borr�wer, or�f, after notiC�by Lend�r�o B��rower that th��pposing Party
<br /> �as d�f�n�d �n the next sentence} offers ta make an award�o se�t��a claim for damage�, B�rr�wer fai�s t�
<br /> re�p�nd t� L�nder wx�hin 3�days after the date the nat�ce ��g�ven, L�nder�� au�harized ta collect and apply
<br /> the Miscellane�us Pr�ceeds ei�her to r�storation or repair of the Pr�per�y or�o th�sums s�cured�y�his
<br /> Security �ns�rument, wh��her or not then due. "�ppos�ng Party" rneans �he third par�y�hat ow�s Borrflvver
<br /> Miscel�aneous Praceeds or the party aga�ns�whom Borr�wer has a right nf aCt�on�n r��ard to Mzscellan�ous
<br /> Proceeds.
<br /> Borrow�r shall be zn defau�t if any ac��on�r proce�ding, whether��v�l flr criminal, is begun�hat, in Lender's
<br /> judgn�en�, could result in forfe�ture�f the Prop�r�y or other materia� impairmen�of Len��r's in�eres��n the
<br /> Pr�per�y�r rzghts under this Secur��y �ns�rument. B�rrotiver can cure such a defaul�and, if accelerat�on has
<br /> ��curred, re�ns�ate a�provid�d in Sec��on 19, b�r caus�ng the action nr pr�ceeding to be d�sm�ssed w�th a
<br /> ruling that, in Lender's�udgm�n�, pre��udes forf�itur�of the Proper��r�r o�her materzal impa�rment�f
<br /> Lender's interes� in�he Prop�rty or righ�s ur�der this S�cur�ty �ns�rument. The pr���eds af any award or
<br /> cla�m for damages �ha�are a�tr�butab�e ta �he impa�rrn�nt�f L�nder's �nterest in th�Propert� are her�by
<br /> ass�gned and shall be paid ta Lender.
<br /> A�1 M�sc���an�ous Proceeds that are na�app�zed�a restoration ar repair of the Pr�per�y shall be applied �n th�
<br /> nrder prav�d�d far in Sectian�.
<br /> NEBRASKA-5ingle Family-Fannie M��IFreddie Mac EJNIFaRM INSTRfJM�NT Form 3�28 11�7
<br /> VMP Q VMPfitNE�413�2}
<br /> Wo�ters K luwer�inancial 5er�ices Pac�e�❑of 17
<br />
|