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20120663�
<br />satisfaction, provided that such inspection shall be undertaken promptly. 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 shall not be required to pay Borrower any interest or earnings on such
<br />Miscellaneous Procceds. If the restoration or repair is not e,conomically feasible or Lender's s�urity would
<br />be lessened, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument,
<br />whether or not then due, with the excess, if any, paid to Borrower. 5uch Miscellaneous Proceeds shall be
<br />applied in the order provided for in Secrion 2.
<br />In the event of a total taking, destruction, or loss in value of the Property, the Miscellaneous Proceeds shall
<br />be applied to the sums secured by this Se,curity Instrument, whether or not then due, with the excess, if any,
<br />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, destrucrion, or loss in value is equal to or greater than the
<br />anlount of the soms se.cured by this 5ecurity Instroment immecliately before the partial taking, destruction, or
<br />Ioss in vatue, unl�s Borrower aud. I.eader otherwise agres in writing, the sums secured by this Security
<br />���*+r shall be reduce.� lry the an2o� of the Misee�i�neaus Praxeds multiplied by the folFowing
<br />fraction: (a) ihe tota� a�uat af the � s�ecure� immeciiately before the partial taldng, destruction, or lo�s
<br />ia value divided bY (b) t�ce fair mark� value a€ the Paoperty i�ediately before the partial taking,
<br />d�on, or Ic�ss in value. Any b�asce sha�i be paid to Borr�wer.
<br />�t t�e �venc of a gartial ta�aag, �oa, or Ic�ss in value of th� Property in which the fair m�ket vaiue af
<br />t�Ce Frap�.ty im�diately �fore t� g�rtial taking, destn�c�ion, ar Ioss in val�re is less than the amatmt of the
<br />sum� s� irnmea�iat�by befor� � g�tiai tat�g, dest�tion, crE I� in value, u.Btess �orro�►er �
<br />Lead� ot�er�se �g� in v�iE�ag, c�e MisceFta�vs �'s �� a�plied to tt�e sctms seeure,c� by thEs
<br />�'xty I�t wrl�e�er os � t�e �ms are thea du�.
<br />�£ the Psogert5t js aGagc��ed �iy &isro�er, or if, after rn3tice i�y �cter ta Barrower that the OFposi�g P�rt�
<br />(as defia�d in the IIext seateIICe) offers to make an award to settle a claim for damages, Borrower fails to
<br />respan� to Lencfie� witi�i� 30 days �fter the dat� the natice is given, Lender is authorized. to coll�t and appIy
<br />the Mi.s�aneons Froce�s eitt�er to rest�rration or repair of the Property ar to the sums se.cured by ttris
<br />Seeurity �t, �arhether or mot t�n due. "Cl�gosing Pariy" means the third pacty that owes Borrower
<br />MisceIlaa�us Prc�eeci.c or the party against whom Borrovv�es has a right of action in regard to Miscellatreovs
<br />Paocee�s.
<br />Borrower shall be in default if any action or proc�ci.ing, whether civil or criminal, is begun that, in Lender's
<br />judgment, conld result in forfeiture of the Property or other material impairnient of Lender's interest in the
<br />Property or rights under tl�is Secutity Instrument. Bortower can cure such a default and, if acceleration has
<br />occurred, reinstate as provided in Secrion 19, by causing the action or proceeding to be dismissed with a
<br />ruling that, in Lender's judgment, pre,cludes forfeiture of the Property 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 are attributable to the impairment of Lender's interest in the Property are hereby
<br />assigned and shali be paid to Lender.
<br />All Miscellaneous Proceeds that aze not applied to restorarion or repair of the Property shall be applied in the
<br />order provided for in Section 2.
<br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01
<br />VMP � VMPBINE) 111051
<br />Wolters Kluwer Flnancial Services Page 10 of 17
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