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201201859
<br /> satisfaction, provided that such inspection shall be undertaken prompdy. Lender may pay for the repairs
<br /> and restoration in a single disbursement or in a series of progress payments as the work is completed.
<br /> Unless an agreement is made in writing or Applicable Law requires interest to be paid on such
<br /> Miscellaneous Proceeds, Lender shalI not be xequiied to pag Borrower auy interest or earuinge on such
<br /> Miscellaneous Proceeds. If[he restorarion or repair is not economically feasible or Lender's security would
<br /> be lessened, the Miscellaneous Proceeds shall be apptied to the sums secured by this Security Inst�ument,
<br /> whether or not then duc, with the excess, if any, paid to Borrower. Such�,vli,cellancous Proceeds shall be
<br /> applied in the order provided for in Section 2 .
<br /> in the event of a total taldng, desh-uction, or loss in value of fhe Property, the Miscellaneous Proceeds shall
<br /> be applied to the sums secured by this Security instrument, whether or not then due, with the exce,s; if any,
<br /> paid to Bc�rrower.
<br /> In the event of a partial talang, desauction, or loss in valne of the Property in which the fair market value oF
<br /> fhe Property unmediately before the parrial t��lang, desh-uction, or loss in value is equal to or greater fhan the
<br /> amount of the suxns secured by this Seeurit7Instrument immediat�ely before the partial talang, desn-ucfion, or
<br /> loss in value, unless Borrower and Lender oflicrwise aeree in writing, the sums sccured by this Security
<br /> Tnstnunent shall be rcduced by tlie amouut of the Mlsoellaneoas Proceeds multiplied by the following
<br /> fraction: (a)the total amount of the sums secured unmediafely before the partial taku�g, destruction, or loss
<br /> ui value divided by(b) the faiz market value of the Property immediately before the p�'lial taking,
<br /> deshuction, or loss in value. Auy Ualance sha11 be paid to IIorrower. .
<br /> In thz event of a pazrial t��ldng, destrucrion, or loss in value of the Property in which the fair mazket value of
<br /> the Properiy imtnediately before the paztial t��lang, desmxcrion, or loss in value is less than the atnount of the
<br /> sums securAd innnediately beforo the partial taking, destrucrion, or loss in value, unless Barrower and
<br /> Lender otherwise agree in writing, the Miscellmieous Proceeds shall be applied to the swns secured by this
<br /> Securiiy Instrmnent whetha ox not the sums aze then due.
<br /> If the Property is abandoned by Borrower, or if, after notice by Lcnder to Borrower that the Opposing Party
<br /> (as defined in the n�t sentence) offers to make an award to settle a claun for damages, Borrower fails to
<br /> respond to Lender wiflvu 30 days afrer the date the notice is given, Lender is authorizul to collect and apply
<br /> the Miscell�eous Proceeds either Yo resCOration or xepair of the Properry ox to fhe siuns secured hy tliis
<br /> Security Instrument, whether or not then due. "Opposing Partv" means [he third party that oa�es Borrower
<br /> Miscellaneoati Proceeds or the party against��hom Borrow•er has a rinht of acrion in regud to Miscellaneous
<br /> Proceeds.
<br /> Bonower shall be in default if any action or proccedine, ahether ci�ril or cruninal; is begun that, in Lender's
<br /> jiulguient, could result in forfciturc of thc Property or other maLerial unpainnent of I.ender's urterest iu Lhe
<br /> Property or rigfits under th3s Secunry Instrvment. Borrower can cure such a default and, if acceleration has
<br /> occurred, reinstate as pro�ided in Secaon 19, by causuig the action or proceeding to be dismissed with a
<br /> ruling that, in Lender's judgment, precludes forfeiture of thc Vroperty or other materia(irnpairment of
<br /> Lender's inter�t in flie Property ar ri..ghts under this Secuiity Instri.unent The proceeds of any awazd or
<br /> claim for damagas that aze ath�ibutahle to the impairmenf of Lerider's interest in the Property aze hereby
<br /> assigned and shall tie paid to I,endei'.
<br /> All Miseellaneous Proceeds that aze not applied to restoration or repair of the Properry ahall be applied in the
<br /> order provided for in Sec[ion 2.
<br /> 24C�00554
<br /> NEBRASKASingle Fdmily-Fdnnie M ee/F�Btldie Mec UNIFORM INS"fftllMENT Farm 3028 1/Ot
<br /> VMP� VMP6(NE�(t105)
<br /> N'ol:ers Kluwer Financial Servic>s Page f 0 ot 1]
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