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201206537
<br /> satisfaction, provided that such inspecrion shall be undertaken prompdy. L.ender 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 shall not be required to pay Borrower any in[erest or eaznings on such
<br /> Miscellaneous Proceeds. If ihe res[oration or repair is not ewnomically feasible or Lender's security would
<br /> be lessened, We Miscellaneous Procceds shall be applied to the sums secured by this Security Instrument,
<br /> whether or not then due, with ffie excess, if any, paid to Borrower. Such Miscellaneous Proceeds shall be
<br /> applied in the order provided for in Section 2.
<br /> In the event of a rotal taking, desttuction, or loss in value of the Property, the Miscellaneous Proceeds shall
<br /> be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any,
<br /> paid to Borrower.
<br /> In the event of a panial taking, destruction, or loss in value of the Properry in which the fair mazket value of
<br /> the Property immediately before ffie partial taking, destruction, or loss in value is equal to or greater than We
<br /> amount of the sums s�ured by this Security Insmw�ent immediately before the partial taking, destruction, or
<br /> loss in value, unless Borrower and Lender otherwise agree in writing, [he sums secured by this Security
<br /> Instrutnent shall be reduced by the amount of the Miscellaneous Proceeds multiplied by the following
<br /> fraction: (a) the total amount of the sums secured immediately before the partial taldng, destruction, or loss
<br /> in value divided by(b)[he fair market value of the Property immediately before the partial taking,
<br /> destruction, or loss in value. Any balance shall be paid to Bonower.
<br /> In the event of a partial taking, destruction, or loss in value of the Property in which the fair market value of
<br /> the Property immediately beFore the partial taking, destruction, or loss in value is less than the amount of the
<br /> sums secured immediately before the partial talting, destmction, or loss in value, unless Borrower and
<br /> I.ender otherwise agree in writing, the Miscellaneous Proceeds shall be applied to the swns sewred by this
<br /> Securiry Instrument whether or not the sums aze then due.
<br /> If the Property is abandoned by Borrower, or if, aTter no[ice by I.ender to Borrower thaz the Opposing Party
<br /> (as defined in We next sentence) offers to make an award to settle a claim for damages, Borrower fails to
<br /> respond to Lender within 30 days after the date the notice is given, Lender is authorized to collect and apply
<br /> the Miscellaneous Proceeds either to restoration or repair of the Property or[o the sums secured by this
<br /> S�urity Insuument, whether or not then due. "Opposing Pazty" means the third party thaz owes Sonower
<br /> Miscellaneous Proceeds or the party against whom Borrower has a right of ac[ion in regazd to Miscellaneous
<br /> Proceeds.
<br /> Borrower s6a11 be in default if any action or proceeciing, whether civil or criminal, is begun that, in I.ender's
<br /> judgment, could result in forfeinae of the Property or other material impairment of Lender's interest in the
<br /> Property or rights under this Security Instrument. Borrower can cure such a default and, if acceleration has
<br /> occurred, reinstate as provided in Sec[ion 19, by causing the action or proceeding to be dismissed with a
<br /> ruling that, in Lender's judgment, precludes forfeiture of the Praperiy or other material impairment of
<br /> Lender's interest in the Property or rights under this Security Instrument. The proceeds of any award or
<br /> claim for damages that aze attribufable to the impairment of Lender's interest in the Property are hereby
<br /> assigued and sha(1 be paid to L.ender.
<br /> All Miscellaneous Proceeds that are not applied to restorazion or repair of the Property shall be applied in the
<br /> order provided for in Section 2.
<br /> NEBPASKA-SInB�e Famlly-Fanrve Mae/F�eCtlle Mec UNIFORM IfVSTNUMENT Form 3028 1/pt
<br /> ��P�' VMPBINE)(i t 061.00
<br /> Wottere Kluwer Finenclal Senicee PaBe 10 of 17
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