|
2� 17�� 18�
<br /> satisfactitin, pro�ided tha� such inspection sha�� be under�aken prompt�y. Lender may pay for th�repairs
<br /> and re�torat�on�n a singl�disbursemen�or in a s�r�es of progress payments as the work �s camp�eted.
<br /> [Jniess an agr��ment �s mad�in writing ar App��ca��e Law requ�res �n�eres��o be pa�d on such
<br /> Misc�llan��us Procee�s, Lender shal� no�b�requzr�d��pay Borraw�r ar�y �nterest�r earn�ngs an such
<br /> Nlisc�llaneous Procee�s. �f�h�re�t�ration or repa�r�s not e�flnom.�cal�� feas�b�e ar L�nder's securzty wou�d
<br /> b���ssened, the Mxsce��aneaus Pra��e�s shali be appl�ed��the sums s�cure�i by�his 5�curi�y Instrum�nt,
<br /> wh�ther ar no��hen due, w��h th�exc�ss, if any, pa�d to Borrow�r. Su�h Misce�laneou� Praceeds shall be
<br /> appl�ed in the order provided for in 5ection 2.
<br /> �n th�ev�nt af a�o�al taking, dtstruct�an, ar�oss �n va�ue of the Property, the N�isce�laneaus Proceeds shali
<br /> be app�zed to�he sums �ecur�d�y th�s Securi�y Ins�rumen�, whe�her or no�then due, w�th�he excess, if any,
<br /> pa�d t� Borrawer,
<br /> �n the event�f a par��al taking, destruc��on, or Ioss in value of the Proper�y in which�he fair marke�valu�of
<br /> th�Prop�rty immediately before�he part�a��ak�ng, destruct�on, or loss in value�s equal t�ar greater�han.the
<br /> am�unt of the sums se�ur�d by this Se�urity Ins�rumen� �mmed�ate�y b�fore�he par�ia� �ak�ng, d�struc�ian, or
<br /> ioss �n�va�ue, un��ss Barrawer and L�nt�er flther�is�agre�in writing, �he sums s�cured by this Se�urity
<br /> �nstrument sha��be reduced by the a.maunt�f the Misce�laneQus Praceeds mu��ipli�d b�the following
<br /> fraction: �a} �he�otal amount of th�sums seGured �mmediat��y before�he par�ia� taking, destruct��n, ar�oss
<br /> in value d��ided by �b}the fair market�alue�f th�Praperty �mmed�a�e��b�fare the par��a� �ak�ng,
<br /> destru�tion, �r loss in va�ue. Any bal�n�e shall be paid ta B�rr�w�r.
<br /> �n the e�ent�f a par��a� �ak�ng, destruct��n, or l�s� in vatue�f the Property in which th�fair mark�t Walue of
<br /> the Property immediatel�before�he part�al tak�ng, destruction, ar�oss in�alue�s less �hari the amount nf the
<br /> sums se�ured immed�ately before the par�zal ta��ng, destruct�on, ar l�ss �n va�ue, unless Barrov�rer and
<br /> Lender other�vise agr��in writ�ng, th�M�sce�lan�aus Pracee�.s sha�l be app��ed�o th�sums secur�d by this
<br /> Security �nstrument wh�ther or no�the sums are�hen du�.
<br /> ��'the Prnperty i� abandon�d by�orrower, or if, after noti�e by L�nder t� B�rro�er that th��pp�sing Par�y
<br /> �as def�ned in�he next sen�ence}�ffers to make an award�o s�t�ie a claim for damages, B�rr�►uv�r fai�s to
<br /> resp�nd to Lender within 34 days af�er the date th�n�t��e is gzven, Lender�s auth�r�zed to c�����t and apply
<br /> �he Miscellaneaus Proceed�ei�h�r to restarat�on�r repa�r of the Pr�per�y or to �he sum� se�ured���h�s
<br /> Securi�y �ns�rumen�, wh�ther ar nat then due. "�pp�sing Par�y" means�he third par�y�hac awes Barrower
<br /> Miscel�aneous Froceeds Qr the par�y agains�whom Barrower has a righ�af actinn in regard�o IVliscellaneous
<br /> Proceeds.
<br /> Borrower shall be in default if any action or proceed�ng, wh��her cx��� �r�rxmzna�, xs hegun�hat, �n Lender's
<br /> judgmen�, �ou1d resuit in forfeiture of the Proper��ar a�her materia� impa�rment af Lender's int�rest in the
<br /> Proper�y or r�gh�s under th�s Secur�t� Ins�rumen�. Barrawer can�ure such a default and, if acceleration has
<br /> . accurred, re�nsta�e as prov�de�i in SeCtion �9, �y causing the a�tion or proceeding to be dismissed with a
<br /> ru�ing tha�, in Lender's judgmen�, precludes forfei�ure of the Prop�r�y or other mater�al impairment�f
<br /> Lender's in�erest in the Praperty ar r�ghts under�h�s 5e�uri�y �nstrument. The praceeds of any a�ard�r
<br /> �laim far damag�s tha�are attributabl��o the�mpa�rmen�of Lender'� �nt�rest�n the Praper�y are here�y
<br /> assxgned and shall be pa�d to L�nder.
<br /> A�� Mis�ellaneous Praceeds�ha�are not app�ied ta restoration or repair of�he Proper�y sha��be applied �n the
<br /> arder pro�ided for zn Se�tion 2.
<br /> N�SRASKA-Single Famity-Fannie MaelFreddie MaG UN��QRM INSTRUM�NT Fprm 3�28�101
<br /> VMP� VMPfitN�y�7 3D21
<br /> Wolters�It�we�Financial Ser�ices Page��af 17
<br />
|