|
201108345
<br /> sati5faction, provided that such inspection eha1] be underCaken promptlq. Lc�ider ma�y pay for the reppire
<br /> and resta�ation in a single disbm�sement or in a eorics of progress p�ymenCa ae tl�e work ie completed.
<br /> Unless an agrccmcnt is made in wciting� or Applioable Law reqnires interest to be paid on�such
<br /> Miscellaneous Proceede, Lcnder s1�a11 not Ue reqtiired to pay Borrower auy interest or earnings on such
<br /> Miscellaneous Proceeds. If Che resloration or repair is not economically feasible or Iender's securiLy would
<br /> be lessened, ihe Miscellaneous Proceeds shall bc applied to the sums securcd by this Security Inadvmenf,
<br /> wheUier or not then due, wifh flie excess, if eny, paid to Borrower. Such Misoellancrouti Proceeds shall be
<br /> applied 'ni Hie order pirovidcd Por iu SecCion 2.
<br /> In the evenl of a total taking, destruction, or losa in value of thc Property, tlie Miscellai2eoue Prooeeds shall
<br /> be applieci to the atm�a sernired'by tl�is Socurity Iusttument, whether or not fhen due, with the exoess, if ang,
<br /> pvd to Borrower.
<br /> In t1ia eventi of a partial teking�, destrucCion, or loes in value oP the ProperCy in which the fair inarket value aP
<br /> Che Property immediately bafore the partial talting, destruction, or loss in velue is ec�ual to or greater than Yhe
<br /> an7oimt�af t7ic sums securcd by tliis Security TnsttnmenC immediatc1y befora tlie partial Cnking, de,struction, or
<br /> lose in valne, unless Borrower anci Lcnder oTherwiee agree in un�iCing, tho smns secured by this Security
<br /> InstrLUnenC shnll be recluced hy Ehe ainoimt of the Miscella�ieous Proceeds u�u1tip1ied by the following
<br /> fractron: (a)the toYal amomaC o�P tha suma secuxed iimnodiately befbre the partial falcii�g, dest�titction, or Ioss
<br /> in vahie clivided by(b)thc fair madcet value of the Property iinmcdiately bef'ore the pertinl Caking,
<br /> destructron, or loss in vnlne. Any Ualance s1�a11 Ue paid Co Borrower.
<br /> In the event of n par�ial laking, dcetruction, or loss in vatlue oF Che Property in which the fair inarket val�ic of
<br /> the Proparty immediately bafor e fhe partial ta]<ing, destiucCion, or loss in va1Lie is less(Yuw flie ainoiuit oP thc
<br /> snms seew•ed'nnmediately before the pnrLinl t�aking deshuction, or loss in value, unl�ys Borrowex and
<br /> Lcnder otherwise agree in wrlting, the Miscelleneous Procceds s1�a11 Ue applied to the sum8 sooured Uy thia
<br /> Seourity Inekn�ment whether m�not tlie smns nre then due.
<br /> Pf thc Proporty is abandoned Uy Borrower, or i£, efter noCice by Lender tio $orrower that Che Opposing Party
<br /> (as defined in Che nexC sentcncc) offcrs to inake a�i awerd to settle a olaim for damagas, Borrower fails fo
<br /> respond to Lender within 30 days �fter lhc datc the notice ia given, Lender is autl�c�rized to colle�t aud apply
<br /> tho M'rscellaneons Proceede either to restoration or repair of the I'roperty or to the sums securcd lry this
<br /> Security InsVument, whether or not 11ien d�ic. "Opposing Pu�Cy" means fhe Chird}jarty tlu�t owes Borrower
<br /> Nliscelluaeoue Proceeds or theparty ag�inst whom Borrower has a right of acYion in regaed to Mincellaneous
<br /> Procccds.
<br /> Horrower sha11 be in default if any action or�n•oceeding, whct1,c� civil or critninal, is begun ChaC, m Lcnder's
<br /> judgment, could result in forfeihue of tihe Property or other maferial impaument of Lender's interest in 11io
<br /> Property or rights under this Seoiuiry Inst.rument. Borrower can ctire such a dcf��ilt and, i1'acceleration hes
<br /> occurred, reinstate aa provided iri SecGon 19, l�y causing the action or pxoceeding to be dismiyscd with a.
<br /> nding tl�at, in Lei�der's,jLUlgtneut, precludes Porfeiture of Lh�Properry or other maCerial impflinnenl o£
<br /> Lender's inf��es�in the PinperCy ne rtghts nnder this Secmity Instxnment. 'I'hc proceeds ot'auy a�wazd or
<br /> claim for darnages that are atU ibutnble Co Che impairment oE Lender's interesC in Chc Property are 1�ereUy
<br /> �assi�,nied and sl�all Ue paid to Lander.
<br /> All Miscellaneous Prooeads tl�a�t are not applieci to restoration or repair of the Property shall be appli�ed in the
<br /> ordor provided fm�in Sectioil2. �
<br /> 2372D3
<br /> NFf3RASKA-Single Fumily-Fennla PA ne/Freddie h7ac UNIFOHM INST2UM ENT Form 302)0 1707
<br /> V M P O V M pa9e f 0�of 1�'%
<br /> Woqers Kluwef Floonciul Servloos
<br />
|