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� 201201356
<br /> satisfaction, provided that such inspccrion shall be undertaken promptiv. Lender may pay for the repairs
<br /> and restoration in a single disbursement or in a series of progress payments as the��ork is campleted.
<br /> Unless an a,greemcnt is made in wriring or Applicahlc Law requires interesL to be paid on such
<br /> Miscellaneous Proceeds, Lender shall not be required to pay Borrower any interest or earnings on such
<br /> Miscellaneous Proceeds. If the restoration or repair�is not ec,�onomically feasible or Lender's security would
<br /> be lessened, the Miscellaneous Procec,�ds shall be applied to the sui�us secured by Y}us Secnrity Instnunent,
<br /> whcthcr or not then due, with the excess, if auy, paid to Borro�ver. Such Miscellaneous Proceeds sl�all be
<br /> applied in lhe order provided for in Section 2.
<br /> . In the cvent of a total taking, destruction; or loss in value of the Property, tlie Misczllaneous Procceds shall
<br /> be applied to the sums secured by this Security Instrument, ��hether or not then due, with the�cess, if any,
<br /> paid to Borrower.
<br /> In the event of a partial takin�, destxvction, or loss in value of the Properry in.which the fair mumu�ket vatue of
<br /> the Property immcdiately before the partial talang; destruction, or loss in value is eqc�al to or greater tiian ihe
<br /> amouut of the sums secured by this SecLUity Instrument umnediately before the partial takiug, deshuction, ox
<br /> loss in value, unless Borrower and Lender otherwise ab ee in wziting, the sums secured by this Sec�sity
<br /> Instrument shall be reduced by the amount of the Miscellancous Proceeds multiplied Uy the follouring
<br /> fraction: (a) the total affiount of the sums secured ixnmecliately before the partial taking, destruction, or loss
<br /> in value divided by(b)ihe fair market value of the Property immediately before Che partial taking,
<br /> destruction, or loss in value. Any balance shall be paid to Borrov✓er.
<br /> In the event of a parkial taking, destruction, or loss in value of the Property in which the fair market value of
<br /> the Properry iinntediately before the paztial taldng, destruction, or loss in value is less tl7au the amount of the
<br /> sums sectued immecliately before the partia.l taking, destruotion, or loss in value, unlese Borrower and
<br /> Lender othcrwise a�ee in writing, the Miscellaneous Yroceeds shall be applied to the sLUns secured by this
<br /> Security Instnunent whether or nol the sLUns are then dne.
<br /> If the Properry is abaudoned by Borrower, or if, afta notice by Lender W Borrowex fliat the Opposing Par[y
<br /> (as defined in the next sentcnce) offers to make an awazd to settic a claim for damages, Borrower fails to
<br /> respond to Lender withiu 30 days a$er the datz the notice is given, Lcnder is anthorized io collect and apply
<br /> the Miscellaneous Proceeds either to restoration or repair of the Property or to the sums secured by trus
<br /> Sccur3t7Instrument, whether or not then due. "Opposing Pariy" means the third part5�that owes Boaower
<br /> Miscellaneous Yroceeds or the parry against whom Borrower has a right of action in rcgard to Miscellaneou�
<br /> Proceeds.
<br /> Borrower shall be in default if any action or proceeding, whether civil or criininal, is begun fnat, in Lender's
<br /> judgment, oould result in forfelhue of�he Property ox other matexial Impairment oF Leud.er'�interest in the
<br /> Properiy or ri�hts under this Security Instrument Borrower can cure such a default aud, if acceleration has
<br /> occurred, reinstate as pro�zded in Secticm 19; by causiug the action or proceeding to be distnissed�nth a
<br /> ruling ihat; in Lender's judginent; precludes forfeiture oP the Properiy or other u�a.terial impaument of
<br /> Lender's intere,t in the Property or rights uuder this Security Instrument. The proceeds of anv award or
<br /> claun for dama�es that are attributable to the unpairment of Lender's interest in the Property aze hereby
<br /> assigned and shall ba paid to Lender.
<br /> All MiscellaneoLUS Proceeds that aze uot applied to restoraCian or repair of the Propesty shall be apglied in the
<br /> order provided for in Section 2.
<br /> 240003]2
<br /> NEeRASKA-Sin3!e Family-Fannia Ma2lFretldie blac UNIFOFU,4 !NST�.4UA19JT Form 3028 1 i01
<br /> VM?� � VMPa(Nc7(1106)
<br /> W olters Kluw er Fnancial$ervices Ps9e�0 0!1]
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