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201109471
<br /> satisfaction, provided that sucli iiispection shall be undertalcen promptly. Lender may pay for the repairs
<br /> and restoration in a single disUurseizzent or in a series of progi•ess paymeiits �s tlie worlc is coinpleted.
<br /> Unless an agreeinent is made in writing or Applicable Law requires interest to Ue paid on such
<br /> Miscellaneous Proceeds, Lender shall not be required to p�y Borrower�ny interest or earnin�s on sucli
<br /> Miscellaneous Proceeds. Tf the restoration or�epair is nat economically feasible or Lender's security would
<br /> be lessened, the Miscellaneous Proceeds shall be applieci to the suins secured by this Security Instrument,
<br /> whether or not then due, with the excess, if any, paid to Borrower. Such Miscellaneous Proceeds shall Ue
<br /> applied in ihe order provided ror in Section 2.
<br /> In the event of a�otal talcin�, destructiion, or loss in v11ue of tlie Pi°operty, the Miscellaneous Proceeds sha11
<br /> be applied to the suins secured by this Security Instruinant, whether or not tlien due, with 1he excess, if any,
<br /> paid to Borrower.
<br /> In the event of a�artial talcing, destruction, or loss in value of the Property in wl�ich�he�air 7narlcet valtte of
<br /> the Property inuneciiately Uefore the partial tal�ing, destraction, or loss in value is eqtital to or greater than tihe
<br /> auiount of the sun7s secured by this Seeurity Instruinent irrunediatel�Uefore the partial talcing, destruction, or
<br /> loss u1 value, unless Borrou�er and Lendei�otherwise agree in writing, the sums secured by this Security
<br /> Iiistruinent shall be recluced by the ainount of the Miscellaneous Proceeds inultiplied Uy the following
<br /> fraction: {a)the total amouilt of the su�ns aecured in�nediately before the partial talciiig, dastructiov, or loss
<br /> in value divicled by(b)the fair mlrlcet value of the Property immediately before the partial talcing,
<br /> destruction, or loss in valua. Any balance ghall be paid to Borrower.
<br /> In E1ie event of�pa�tial talcing, destruction, or loss in value of t11e Property in which the fair marlcet value of
<br /> the Property iinmediately Uefore tke partial talcing, destructian, or loss in vahie is less than�he amou�zt of the
<br /> s�iz�s s�curet�immediately before the partial talcing, destructiion, or loss ii1�value, unless Borrower and
<br /> Lender otherwise agree in writing, t11e Miscellaneous Proceeds shall be applied to tlle sums secured Uy tlus
<br /> Securi�y Instrume�it whether oz not the sums a�•e then due.
<br /> If the Property is aUai7doned by Borrower, or if, aPter notice by Lender to Borrower that the Opposing Party
<br /> (as defined in the next sentence) offers to malce a11 award Eo settle a claim for damlges, Borrower fails to
<br /> respond to Lender within 30 days after the date the notice is given, Lender is authorized to collect and apply
<br /> the Miscell�neous Proceeds either to restoration or re�air of the Property or to tlle sums secttred by this
<br /> Security Instrument, whether or not tllen due. "Opposii2g Party" means the tllird p�rty that owes Borrower
<br /> Misee11a11eous Proceeds or the party aga.inst wlzom Borrower has a right of action in ragard to Misce7laueous
<br /> Proceeds.
<br /> Borrower shall be in deFault if any action or proceeding; whether civil or crinun�l, is Uegun that, in Lender's
<br /> judginent, could result in Forfeiture of the Pro�erty or other material impairment of Lendei•'s iiiterest in the
<br /> Property or rights under tliis Security Instruinent. Borrower caii cure such� default ancl, if�cceleration lras
<br /> o¢curred, reinstate as provided iii Section 19, Uy causing the�ction or proceeditzg to Ue dismissecl witli�
<br /> ruling tliat, in Lender's judgment, precludes forfeit�tre of the Property or other material impairinent of
<br /> Lender's interest in the Property or riglzts under tliis Security Instruinent, The proceeds of any awarcl or
<br /> claim for dasnages th�t ar�e attributaUle to the impairinent of Lender's iuterest in the Property��•e hereUy
<br /> assign�d and shall be paid to Lender.
<br /> All Miscellaneous Proceeds th�t are not�pplied to restoration oi•repair of the Pi•operty shall Ue a�plied in the
<br /> order provided for in Section 2.
<br /> 231235
<br /> NEBRASKA-SingleFamlly-FannleMae/FreddieMacUNIFORM INSTRUMENT Form302II 1/01
<br /> VM P O VM P6(NE)(1105)
<br /> Wolters Kluwer Finanelal Services Page 40 of 17
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