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201201691
<br /> satisfaction, provided Uiat such inspection shall Ue tuidertaken promptly. Landar may pay ior the repairs
<br /> and restoratioii in a singlo drsbur•ae��rcnt or in a series of progress pa�nents as tl�e work is aomplefed,
<br /> Utiless nn�greemenC is made in writing or Applicable Law requires inCeresC fo be paid on euch
<br /> Misoellaneous Proceede, Lender eh<111 not be required to pay Borrower any interest or earninga on such
<br /> Miscel(aueoLU Proceeds. If the restaraEion or repair is not econoinically feasible or Lender's security would
<br /> be lesseued, tl�e Miseellaneoi��Yroccaie shall l�c app7icd to tl�o sums secnred by tl�is Secnrity Inst�-tunent,
<br /> whether or not then dne, with the exoess, if�ny, pnid Co Bortower. Such M'vscallaneo�ia Proceeds shall l�c
<br /> applied in the order pcovided for in Section 2.
<br /> In the event of a total taking, destruction, or losa in vfllue of the Proper[y, the Miscellnneous Proceeds shall
<br /> be applied to tLie sums sectiued by thie Secm ity Instnun�nt, whetlier or not Ehen due, wiYh the excaes, if any,
<br /> pnid Co Borrower.
<br /> Tn tho event of a partial talcing, dosh•uctioi�, or loss in valuc of thc]'roperty in which�{7�e fa'rr marlcet value of
<br /> the Property iintuediately before the partiel faking, destniotion, ar loss in value is equal Co or grelCer Ll�an Che
<br /> vnount of the smns seom�ed by this Securiry Inst��tiunenY invnediately before tlie parti�l taking, deshuction, or
<br /> loss in valne, wiless I3orrower and T,ender otlieiwise a��ee in writing, the sums secm'ed by tliis Security
<br /> H�strumenh sh�l1 be reduced by Che aznounC of the Mieccllaneous Procculs multip1ied by the fol7oWing
<br /> fl•nction: (a) the total amoimt of the eums secured invnedi�tely before the partinl t��king, destruction, or loss
<br /> iu valua divlded Uy(b�the i'�ir market valne of the Property iimnediaYaly before the pTrtial t�lcing,
<br /> desh�uction, m�loss in value. Auybalauce sha11 bepaid to l�orcower.
<br /> In�1ie event of a partial taldng, desCiuctiou, or lass in value of'tlia Property in which the fair market velue of
<br /> tl�e 7?ro�erty imnzediately before tl�a p�u�tial talring, destr�uction, ar loys in valtio is less than U�e amount of thc
<br /> sun�s seenred invnediately before the p�rkial telting, desLn�oCion, or loss in value, unless Borrowc�r�nd
<br /> Lender otherwiae agree in writing, the MiscellAneous Proceeds shnll be npplieci to the aume secured Uy this
<br /> Security Inst�tuneut wliether or not tlie sums ara then due,
<br /> If the Property is aUaiidonecl Uy Borrower, or if', ai'ter uotice Uy Lender to Borrower that i:he Opposing Party
<br /> (a�defined 11� the next sente��ce) ofifers to malc�an award to svtt]c a claim fz�r damages, 13orr�swor fails to
<br /> re.sponci tio Le�ider within 30 dnys afCer Che date the notioe is given, Lencier is �nthorized to eollwt nnd npply
<br /> the Miscetlnneous Proceeds either to restoration or reptiir of the Property or to Yhe aums secLUed by this
<br /> Sccurity Tnstrumcnl, wl�otl�cr �r not thon duo. "Opposing Parfy" uicane Che fhird party that owcs Borrower
<br /> Miscellazieous Prooeeds or tha party agaiust whoin Borxower has �right of action iu regard to Miseellaueous
<br /> Proceeds.
<br /> Borrower shn11 be in de£ault if nny acrion or proceeding, whether civil ar eriminal, is begun�1iat, in Lender's
<br /> ,judgmenti, cottld result in forfaitm'e of 11ie Pinperty or otiher material 'rinpainnenC o�P Lender's interest in Ehe
<br /> Yroperty or rig}�U undcr El�is Sccurity 7i�sh'umcnt. Sorrowo�' caii c�uro such a dofau1f ancJ, if acccicration haa
<br /> occurrecl, reinstate as provided in Section 19, by osuising the action or proceeding to be diamissed with a
<br /> ruling Chat, u�Lender's judgment, precludes f'orf'eitw'e of Yhe Prol�erty or other inaterial nvpairmenti of
<br /> I,e�ide��'s interest in t1to Property or rigl�ts m�der t1tis Sectivity]nstr-titment. "I'hcproceeds of airy nward or�
<br /> claim for damages Uhat eue aC�rihutnble to Lhe implirmenf o'P Lender'�inLerest in tha Pi�operCg are hereby
<br /> nssigiecl and shall be paid to Lender.
<br /> All Misoellaneous Prooeecls Chau are not applied to restoration or repair of the ProperCy shall be npplied in the
<br /> order provided far in Section 2.
<br /> 240004A7
<br /> NEBRASKASingle famlly-Pannle M aelf-retltlie h7ac 11NIFORA7 INSTNUh1 ENl' Form 3020�1701
<br /> VM P Gq V M17 P(t(N[)(11051
<br /> Wolters Kluwer Finnnolal9ervices Page 0 of 17
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