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201208058
<br /> satisfaction, provided that such inspection shall Ue Luidertalcen prom�tly. Lender may pay for the repairs
<br /> and restorati�n in a singlo diSburscmcnt or in a 9crics of}�rogress payments as tlie work is completed.
<br /> Unless an agrecn�enC is innde in wriCing or Applicable Lnw requires interest to Uc paid on such
<br /> Miscellnneous Proceeds, Lender shall not be requirecl to pay Borrower any interest or enrnings on such
<br /> Miscellsneons Proceeds. If fhe restoration or repair is not economically feasible or Lender's seourity would
<br /> bo lessened, the Misoellaneous Proeeeds sl�all l�e applieii to [he sLm�s secueed by U�is SacLirity Tn�Qruinent,
<br /> whether ox not then due, with the excess, if any, paid to Borrower. Such Miacellnneous Pxooeede shall ke
<br /> applied in the order provided for in Section 2.
<br /> In the eveiit of a total talcirig, destruction, or loss in value of ihe Pcoparty, the Miscellaneons Pinaeeds sha11
<br /> Ue applied to the.stuns secured hy this �ecm ify Inetrnme�it, whcther nr not then dne, wi9'.h Che excese, if any,
<br /> pvd to Bonrower.
<br /> �G� the cvent of a par6ial talting, deslrucCion, or loss in value of fhe Properly in which thc Pair n�arkeC valuc of
<br /> the Property iimnediately hefore the partial taking, destruction, or lase in vnlue ie equnl to or g•eater thpn the
<br /> amount of the sums secured Uy tl�is Seoucity Insi�mnent imtnediately U�fore the partial Yalcing, destrucCion, or
<br /> loss in value, uailess Rorrowcr avd Lcmdor otherwisn agree in writing, the sums sa;ured by this Security
<br /> In�trun�ent ehall be reduoed by the amount of the Misoellnneous Proceeds multiplied by the followiug
<br /> frnction: (�) the total amount of the smns seoured inunediately Uef'ore the pactial Caldng, dastruction, or loss
<br /> ui valua divided by(b) the fair m�u'ket valua of the Prc�perty immediatcly bcfore the partial takrng,
<br /> desh�uetion, ot losa in valuo. Any bal�uice shall 6e paid fo Bon�ower.
<br /> In tha event oP a paitial talcing, destr•nction, or loss in valuc of thc Property in which the fair ma��kct value of
<br /> Uie Property immeciiatcly Uefore thc parlial talcing desLrue[ion, or loss in value is less fhan lhe amounC aP Che
<br /> sums sccurod in�mediaCely befare the pnrtifll taldng, destruction, or loss in value, unless Borrower and
<br /> Lender olherwise ngree in writing, the Miscellaneous Proceeds shall Ue applied to the stuns secured Uy tl�is
<br /> Security Instrument whetl�er or not thc sui��d aro tl�eii dae.
<br /> If'tha ProperYy is abaaidoned by Borrowcr, m• if, aftcr notice by Lei2der to Borrower that thc Opposn2g ParLy
<br /> (ab dcfincd iu fhc nexf sentence) offers to u�ake an award to settle a ctaim for damAges, Borrower fnile to
<br /> reapoud to Zender��+ithin 30 days after 11ie date tihe notice is given, Lender is authorized to collect and apply
<br /> the Miscellaneous Proceeds eithcr to restoration or ropair of the Property or Co Lhc sums sccured by hhis
<br /> SeoueiLy InsCrument, whether or not then duo. "Opposing Pardy" ineaus the third party t1�at owes Borrower
<br /> Miscellaneous Proceeds or thaparty againet whom Borrowar has a right of��ction in regarci to Misoellaneous
<br /> Proceeds.
<br /> $orrower shall be in default if any action or proceeding, w1�cthcr civil or criminal, is begun that, in Lcndor's
<br /> judginenf, could result in forfeitiiu�e of the Property or olher tnaterial in�airinent of Lender'e interest in the
<br /> Proporly or righCe under this Security SnstAtunent. Borrower can cwe such a ciefaulti aud, if acceler�tion has
<br /> occm'red, reinstate as provided iu Section 19, be catiising thc action or prooccding to bc disinissed with a
<br /> c�iling that, in Lender's j�idgmenC, prechides PorPeilure of the Property or other innterial impaixment oP
<br /> Lcndcr's intornet in lhe Property or rights under tl�ia Saow•ity Instrument. The proeeeds of any award or
<br /> claim for dam�ges that az'e attribuCabla to fhe impa�irinent of I,e�rder'r�interest in tl�e Property are hcreby
<br /> aseigvied axid s1�a11 be paid to Lender.
<br /> All Miscellaneous Proceeds fhat are not applied to restornHon or rcpair of thc Yroperty sl�all b�2pp11ed ii�tl�o
<br /> order provideci f'ox in Section 2.
<br /> s�oozson
<br /> NEBNASKA-Single Femlly�Fannle Mne/Freddie hlac UNIFORM INSTRUM MT Form 3028 llai
<br /> VM P� VMPfi(NE)(11�G)
<br /> WnRers Kluwer Finonalal Servloos Pape 10 oI 1�
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