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201206682
<br /> sarisfacrion, provided tliat such inspection shall be undertaken proinptly. Lender may pay for tke repairs
<br /> and seStoration in a single disburgement ox in a scries o£ptogress payn7ents as the work is com�let�d_
<br /> Unless an agreement is made in writing or Applicable I,a�w requues Lnterest to be paid on such
<br /> Misoellaneous Proceeds, Lender shall not be required to pay Borrower any int�est or eanings on such
<br /> Miscellancous Proceeds. If the restora[ion or repair is not economically fzasible or Lender's security would
<br /> be lessened, the Miscellaneous Procezds shall he app[ied fo the suais secuced by this SeCuriry Insfrument,
<br /> whether ar not then due, with the excess, if any, paid to Borrower. Such Miscellaneous Proeeeds shall be
<br /> applied 3n tke order provided for in Section 2.
<br /> In the event of a total t�2king, destruetion, or loss in value of the Properry, the Miscellaneous Proceeds shall
<br /> be applied t�the sums secured by trus Security Insh-ument, u�hether or not[hen due, with the excess, if any,
<br /> paid to Borrower_
<br /> in.the event of a pazrial taldng, destrucrion; or loss in value of Che Property in which the fair zuarket value of
<br /> tfla Property 3mmediaTely before the parlial taking destructlon, or lass in value is zqual to or�eater than tha
<br /> amoun�of the sums secun d by tivs Securiry Instnunent unmediately before the paztial takine, desh uction, or
<br /> loss In vatue, unless Bonowex and Lender otherwise ab ee ln writing flie sums secured by this Security
<br /> Insirmnent shall he reduced by the amount of the Miscellaneous Proceeds mi�ltiplied tiy the following
<br /> fraction: (a)flie total amount of the sums secured inunediately bzfore$ie paztill taking, destruction, or loss
<br /> in value divided by(b) the fair merkct value of tlie Property unmediafely before tJ1e partial taking,
<br /> destructton, or loss in oalue. Aiiy balance shall Ue paid to Borrower.
<br /> ln the event of a partiat taking,. destruction, or loss in value of the Property in wYuch the fair market value oP
<br /> the Property immediately before the partial takiug, destructio�, or lass in value is less the�m the amoimt of the
<br /> swns szcured immediately before the partial talang, destruction, or loss in value, unless Sorrower and
<br /> Lender otherwise agree in writing, the Miscellaneous Proceeds shall be applied to tlie sums secured hy[Uis
<br /> Becuzity Instrummt whefher or not tlie svms are then due.
<br /> If the Properiy is abandoned by Borrower, or if, after noiice by Lender to Borrower that the Opposing Party
<br /> (as defined in the ne�sentence) offers to make an award to settle a clavn for damages, Borrower fails to
<br /> respond to Lendex wit�in 30 days after the date the notice is given, Lender is authorized to collect aud apply
<br /> the Miscellaneous Proceeds either to Y-estOratioa or repair of tl2e Pxoperty or to tfie suv�s secured by tlais
<br /> Security Instnunent, whe4her or not then due. "Opposing Pazly" means the thlyd party that owes Borrower
<br /> Miscellaneous Proceeds or the party against whom Borrower has a right of ac€ion in regard to Miscellaneous
<br /> Proceeds.
<br /> Borrower shall be in default if any action or proceeding, whefher civil ar cruninal, is begun ihat, in Lender's
<br /> judgm�nf, could result iu forfeiture of lhc Property or othei material unpairnient of Lender's in4erest in Yhe
<br /> Properiy ar rights under tfus Security In,humcnt. Borro�ver can cure such a default and, if acceleration has
<br /> occurred, reuutate as provided in Section 19, by causing the action or proceeciing to be dismissed with a
<br /> ruling that, in I.ender's judgmen�, precludes forPeiture of thc Property or other material impainnent of
<br /> Lender's interest in the Properry or riarts under this Secwity InsLruinent. '1'he proceeds of any award or
<br /> claim for damages that aze attributable lo the ii�ainnent of I,ender's interest in the Propc.�ty are hereby
<br /> assigned and shall be paid to Lender.
<br /> All Miscellaneous Proceeds 8ia.t are noY applied tq restoration oY repair of the Proputy shall he applied in the
<br /> order provided for in Secrion 2.
<br /> 24001142
<br /> NmRASKA-Single�Family-Fznniertla�lRetltlieMacUNIFORivt MSTRUbIENT Form3�281lQ'I
<br /> VMP(y VMP6(NEJ(�105j
<br /> N/oltars Kluwer Financial Servi:es PagE 10 of 1�
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