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2012035��
<br />1111062347
<br />the Properiy, if the restora.tion or repair is economically feas�ble and Lender's security is not lessened. Di�ring
<br />snch repair and restora.tion period, Lender shall have the right to hold such Miscellaneous Proceeds un.til
<br />Lender has had an oppornmity tm inspect s�ch Property to ensure the work has been completed to Lender's
<br />satisfaction, provided that such inspection shall be undertaken promptly. Lender may pay for t�ie repairs and
<br />restoration in a single disbursement or in a series of progress payments as th,e wozk is completed Unless an
<br />agreement is made in writing or Applicable Law requires interest to be paid on such Mscellaneous Proceeds,
<br />Lender shall not be reguired to pay Borrower auy interest or earnings on such Miscellaneous Proceeds. If the
<br />restoration or repair is not economically feasible or Lender's security would be lessened, the Miscellaneous
<br />Proceeds shall be applied to the sums secured by this Secuzity Instrument, whether or not then due, with the
<br />excess, if any, paid tb Borrower. Such Miscellaneous Proceeds shall be applied in the order provided for in
<br />Section 2.
<br />In the event of a total taking, desiruction, or loss in value of the Property, the Miscellaneous
<br />Proceeds sha11 be applied to the sums secured by this Securit3+ Iastrumen�, whether or not then due, with the
<br />excess, if any, gaid to Borrovc�er.
<br />In the event of a partial taldng, destractian, or loss in value of the Psoperty in �hich rha fair market
<br />valne of the Property immediately before the partial t�ldng, destauction, or loss in value is equal to ox greater
<br />than the amount of #he sums secured by this Security Tnstrument immediately before the partial taldng,
<br />destruction, or loss in value, imless Borrower and Lender otherwise a�gree in writing, the snms secured by this
<br />Security �nstrument sha11 be reduced b3+ the amount of the Miscellaneous Proceeds multiplied by the
<br />fbllowuxg 'fraction: (a) the total amount of the sums secured immediately before the partial takiag,
<br />destruction, or loss in value divided by (b) the fair market value of the �roperty immediately before the
<br />partial taking, destruction, or loss in value. Any balance shall be paid to Borrower.
<br />In the event of a parkial taldng, deslauction, or �oss ian value of the Property in whi�h the fair marke�
<br />va1�e of fihe Property immediately before the partial taking, destraction, or loss in value is less than the
<br />amonnt of the sums secured immediately before the partial taldng, destruction, or loss in value, �rnless
<br />Borrower and Lender otherwise agzee in writing, the Miscellaneous Proceeds sha11 be apglied. to the sums
<br />secuzed by this Security 7,�smmient whether or not the su.ms are then due. If the Property is abandoned by
<br />Borrower, or i� after notice by I.ender to Borrower that Yhe Opposiag Party (as defrned in the• next sentence)
<br />offers to make an award to settle a clai.m for damages, Borrower fails to respond to Lender withiu 30 days
<br />after the da.te the notice is given, Lender is authorized to collect and apply the Miscellaneous Proceeds either
<br />to restoration or repair of the T'roperty or to the s�s secnred by this Security Instrument, whether or not then
<br />due. "Opposing Party" means the third party that ow�s Borrower Miscellaneous Proceeds or the party against
<br />whom Borrower has a right of action in regard to Miscellaaeous Proceeds.
<br />�orrower sha11 be m default if any action or proceeding, whether civil or cri.mmal, is begun that, in
<br />Leadez's judgment, could result in forfeiture of the Pro,periy or other material impai�ent of Lender's interest
<br />in the Properiy or rights tmder this Securi�ty Instrumen� Borrower can cure'sueh a default and, if �cceleration
<br />has occurred, reinstaxe as provided in Section 19, by causing fhe aGtion or proee�ding to be dismissed with a
<br />niling that, in Lender's judgmeut, precludes �orfeiture of the Property or other material impairment of
<br />Lcnder's iaterest in the Property or rights tznder this Secuzity Insir�xment The proceeds of any awazd or claim
<br />for da�ages that are attributable to the impairment vf Lender's interest in the Property aze hereby assigned
<br />and shall be paid to Lender.
<br />All Miscellaneous Proceeds that are not applied to restoration or repa.ir of the Property shall be
<br />applied in the order provided for in Section 2.
<br />12. Borrower Not Aeleased; Forbearance By Lender Not a Waiver. Bxtension of the time for
<br />payment or modifica.tion of amortizatioa of the sums seeured by this Security Instrument granted �y Lender
<br />to Borrower or any Successor iR Interest of Bortower shall not opeiate to release the liability of Borrower or
<br />any Successors in Interest of Bvrrower. Lender shall not be required to commence proceedings against any
<br />SuccessoT in Interest of Borrower ar to refuse to extend time for payment or otherWise modify amortization
<br />NEBRA SKA—Single Fam1Y—�Sann�e Mae/Freddie Mac ITNIFORM TNS7'RIINIENT
<br />� 338.8 ' Page 9 0�' 14 Form 30Z81/Ol
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