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201206710
<br /> satis£action, provided that such inspzcrion shali be undertaken proinptly. Leuder ulay pay for the repairs
<br /> and restoration in a single clisbursement ar in a series of progress paymcnts as the mork is completed.
<br /> Unless aa ageement is made in mxiting or Applicable Law requires interest to 6e paid on snch
<br /> Miscellaneous Proceeds, Lender shall not be requued to pay Bonowcr any interest or earnings on such
<br /> Miscellaneous Proceeds. If the restoration or repair is not economieally feasible or Lendes's security 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[o Borro�ver. Such Miscellaneous Proceeds shall be
<br /> applied in the order provided for in Scction 2.
<br /> � In the e�ent of a fot�l taking destrucrion, or loss in value qf the property, the Miscellaneous Proceeds shall
<br /> be applied to the sums secured by this Security Instrmnent, ivhether or not then due, with the excess, if any,
<br /> paid to Borrowca.
<br /> In the event of a partial talang, destnicrion, or loss in value of the kroperty in wluch tne fair market valuz o£
<br /> fhe Proper[y iimnediately hefore the partial taking, destruction, or loss in value is equal to or greater than the
<br /> amount of the sums secured by this Sec�ity Instnunent ntunediately before the partial taking, destruction, ox
<br /> loss in value, unless Borrower and Lznder otherwise agree in writing, the su�ns secured by this Security
<br /> Instrument shall be reduced by the amount of the Miscellaneous Yroceeds multiplied b}�the following
<br /> fraction: (a) the total ainount of tUe swns secured 'umnediately before Che partial taking, destaiction, or lass
<br /> i�n vahia divided by(b)the fair mazket val�ue of the Property immediately before The partial taking,
<br /> destruction, or Ioss in value. Any balance shall be pa:d to Borrower.
<br /> In the event of a pa+-kial Yalang, destruction, or loss in value of the Property in which the fair markeL value of
<br /> the Property immcdiately Uefore the partial taking, des4ruction, or loss in value is lcss than the awount of the
<br /> sums secured immediately 6ef�re the partial talang, destruc[ion, or loss in value, iuiiess Borrower and
<br /> Lender otherwise agree m writing, the Miscellaneous Proceeds shall be applied to the sums secured by this
<br /> Security Instnunent whether ot not the sums aze then due.
<br /> If the Property is abandoned by Borrower, ar if, after notice by Lender to Borro�ver that the Opposing Pazty
<br /> (as defined in the ne�sentence) offers to make an award to settle a claun for damages, Borrower fails to
<br /> respond to Lender witluxi 30 days after lhe date the notice is a ven, Lender is authorized to collect and apply
<br /> the Miscellaneops Procaeds either Yo reatoraiion Ox repair of the Property or to the sums secizred Uy this
<br /> Securify Instrument, whether or no2 then due. "Opposing I'arty" means the tlurd pariy that owes Borrower
<br /> Miscellaneous Pr�ceeds or the pariy against whom Borrower has a right of action in regard to Miscellaneous
<br /> Procezds.
<br /> Borrower shall be in default if any action or proceeding ci�hether civil or cruuuial, is Uegun that, in I,ender's
<br /> judgncnt, could result in forfeiture o€flie Property or oflier matcrial impaimient of Lender's interest in Lhc
<br /> Properry or rights uuder this Security Instrument. Borrower can cure such a default and, if acceleration has
<br /> occucced, zeinsYate as provided in Section 14, by causing the action or pxoceeding to be dismissed with a
<br /> ruliag that, in Lender's judgment, paecludes forfeihxre of t�e Property or pther inaterial impaixment pf
<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 aktributable to the:mpa.irment of Lender's urterest In the Property aze hereby
<br /> assigned and shall be paid to Lender.
<br /> All Miscellaneous Froceeds that aze not applied to restorahoa or repair of the Property sfiall be applied in the
<br /> oxder provided foi in Secrion 2.
<br /> zaoons�
<br /> NEBRASKA-Single Family-Pannie PAaNFreddie Mac ONIFORhi INSTRUMENT Fo�m 3028 1l0�
<br /> V M P(Ja VM P6(N EJ(�105)
<br /> W olters Kluw er Fnancial Services Page'10 of 1]
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