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201201978
<br /> satisfacdon, provided that such inspection slinll be unde�taken prompCly. I,ender may pay for the repairs
<br /> and restoration in a single disbursement oc iii a series of progress payments as the work is completed.
<br /> Un[ess an agreement is made in writi�ig or Applicable Law requiree interest to be paid on such
<br /> Miscetlaneous Proceeds, Lendec shall no[be required Co pay Borrower any interest or earnings oti snch
<br /> Miscellfineous Procecds. PP the restaation or repair is not economically feasible or Levder's security would
<br /> be lesscned, lhe ibliscellaneous Prnceeds shall Ue applied to thc sums secured by this Security InsYrument,
<br /> whefher or not then due, witl� thE excess, if eny, paid Co Rorrower, Sucl�Miscelluieous Proceeds shall be
<br /> applied in the order provided frn in Secdan 2,
<br /> In Che evenf of a totnl G2lciug, destruction, or loss in value oP Yhe Property, tlie Miscellaneous Proceads s}iall
<br /> be applied to the sums secured by this SecuriCy Instrument,whether or noC then due, with fhe escess, if amy,
<br /> paid to Borrowcr.
<br /> In the event of a partial takin�, destruetion, or loss in vahie of the Property in wl�ich I�ha fair market value of
<br /> the Property immediately before the parCia] takiiig, destruction, or loss in value is equal to or g�reater than tl�e�
<br /> amount oP thc sams secured by Cl�is Security Inst��t�ment immediaCely before the partial taking, destruction, or
<br /> loss in value, unless Borrowex and Lei�der oUierwisc agree in writing, tlie swns secured 6y this Securi�y
<br /> instrumene sliall be teduced by the amount oP Che Miscellaneous Proeeeds multiplied by the follo�wing
<br /> fraction: (a) the total amount oP t'he sums seeured immediately before the�partial taking, destruction, or loss
<br /> in vtilue divided by (b) the fair markee value of il�e Properry iimnediaCely before the parCial taking,
<br /> dcstruction, or Ioss in value. Auy l�alance shxll be paid to Borrower.
<br /> In the event of a pactial taking�, desCruction, or loss in value of Chc Property in whicli Che fair mnrket vaLuc of
<br /> (hc Properly immediately before�the partial taking, destrucCion, or loss in value is less Chan tl�e amounC of the
<br /> sums seeured immediately Uefore the partial taking, destruction, or loss in value, nnless Boirower and
<br /> Lender �Cherwise agree in writing, thc Mis¢ellaneous Proceeds shall be applied to the sums secured by this
<br /> Security Instrument whether or not the sums are Chen due.
<br /> If rhe Property is 2U.mdoned by Borrower, or if, after notioe Uy Lender to Borrowec lhat the Opposing Parfy
<br /> (as defined in the nexC senCence) offers to make an lward to settle a claim fbr damages, 13orrower Pails to
<br /> respond Co l.endar withhi 30 days nfter the d.tte the noticc is given, Lender is authorized do collect tuid apply
<br /> U�e Miscellaneous Proceeds eiUier to xestoraCion or repair of the Property or to the sums secured by Chis
<br /> Security Instrument, whether or not then due. "Opposing Party" means the third parCq tliat owes Borro�ver
<br /> Miscellaneous Proceeds or the party 2gtiinst whom Borxowar has a righC nf action in regard to Miscellaneous
<br /> Proceeds.
<br /> Borrower shall be in defaulY iY any aetion or pxoceeding, whcther civil or eriminal, is begun that, i�i Lender's
<br /> judgznent, eould result in fprfeiCUre of tl�e Property or o[her material impairment o�f Lendei's interest in Ghe
<br /> Vro�erty or riglits under this Securiry Insh'umcnC. Borrower can enre such 1 default and, if aca;lcraCion has
<br /> occurred, reinstate as provideci in Scction 19, by eausing the action or proceedi�ig to bc dismissed with a
<br /> xuling th.it, in Lendec's judgment,precludes focfeiture of the Pro��erty or olher material iinpairpient of
<br /> Lencler's intcrest in the Property or xights under this Secucity InsCrument. The p�'oceeds oE'any award or
<br /> cla9m For damages rliaC are attributable to the impairment of Lender's intecesC in the Property ace hercby
<br /> assigned and sl�all be paid to Lcndcr.
<br /> Aff Miscella��eous Proceeds that are not applied lo restoration or cepaix of tl�e Propecty shall be applie�! in the
<br /> order pravided for in Section 2.
<br /> 2400068]
<br /> NEBflASKA-Single Famlly-Fannle Maoff-mddie Mec UNIfOfiM INSTFUMENT Fom�3�28 II01
<br /> VNIP� ' . VMP91NE111tOti1
<br /> Wolters I<lurver Flnanclal EBrvloea Pafle 10 al��
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