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201208123
<br /> saLisfaotion, provided that snch inspection shall be tmder[aken promplly. Lcndcr may paq for thc rcpaire
<br /> and restoraCion in a single disbursement or in a series of progreas payments �e the work is completeei.
<br /> Ufiless ari agrccn�e�it is made in writing or Applicable I,aw requires uiterest to Ue paid ou such
<br /> Miscellaneoua Proceeds, Lender shall not be required fo pay Boxrower any interesti or earnings on suoh
<br /> Miscellvieous Proceeds. If the restorntion or repair is not economicnlly feasible or Lender's security would
<br /> be lessened, the NL'rsoellaneous Yrocceds shall Ue ppplied to tl�e swns sectued Uy tl�ie Secmity Inatrumenti,
<br /> whefher or not[hen due, with fhe exnese, iP any, paid io B�n�ower. Such Misccllancouy Proceeds shall bo
<br /> appliecl in the order provided for in Sectian 2.
<br /> Tn t11c ovcmt i>f a totia] talcing, desu'i�cCion�, or lo�fi iri value of Ihe Prope��ty, thc Misccllttnco�ws Procecds el�all
<br /> be applied lo the aums secured by this Seourity Inetrutnent, whether or not theix due, wilh Lhe exce.ss, if nny,
<br /> paid to Borrower.
<br /> In the event of a�>zrCial taking, destruction, or loss in value of the Property in which the fair ina�icet value of
<br /> fke Prope��ty iinmediately before thc partia1 {dlcing, dcsfruction, or loes in valuo ia ec�uttl t� nr grcator Chan the
<br /> amounC of Cho sums secured by this Seourity Inetrument imtnediately before the ppxGal taldng, desh•ucrion, or
<br /> loas in value, unlese Borrower and Lender otherwise agrea in writing, the smns secured by this Security
<br /> InsU'tunent sha11 be reduced by the nmounY of 8�e Misccllancou8 Procccds multiplicdby the following
<br /> fraction: (a) the tota] ainount�f the stm�a seoiu�ed imv�ediaCely 6efore the paz'Cin1 Caking, destntotion, or losa
<br /> in value divideci by(b) L�he fau�inzi�ket value of the Propecty invnediately befare the partifll Yaldn�,
<br /> deatruction, or losa in vnlue. t�ny balance eha11 be paid to Borrower.
<br /> In the event oP a parti�l C�Mxig, desfruotion, or loss in value of the Property in which the fair mnrket value of
<br /> the ProperCy immecliately befare the p�u�tial telcing, destrueYion, or loss in value is less than the a�noLmt of tl�e
<br /> stuns secm'ed immediately before tl�e parlial taldng, destrtiwt'ron, or loss in valtiic, utticss Bc�rrowc�'and
<br /> I.ender othorwisc agree 'vi wriCing, lha Miscellaneous Prooeeds shall be npplied to the sums secured by this
<br /> Saci�rity Inah ument wheUier or nat the suins are then due.
<br /> If Che Property is abAndoned by Borrower, or it; after nofica by Lender to Bonrower that tlie Opposing I'artg
<br /> (as de£ined in Uie next sente�ice) ofFers to inalw an award to sctflo a cla'vn for damages, Borrower fails to
<br /> redpond fo T,c�ndcr witl�in 30 days after lhe ciaCe Che notloe is given, Lender is authorized W collect nnd apply
<br /> tl�o Miecell�r�eous Proceeds eithex to restoration or repair of the Property or to the swns secured by this
<br /> Seotu'ity InsU�tunent, whether or not tl�en due. "Opposing Yarty" mcane thc tl�ird party Cl�at�owes Borrower
<br /> Miscellaneous Procccds or the party against whom Borrower h�s a right of aclion in regnrd to Miscelleneons
<br /> Proceeds.
<br /> Borrower sl�all'be in defa�ilt if�ny aotion or proceeding, whether civil or criminal, is begun that, iu Len�ier's
<br /> judgment, cotild rasult in forTeiture of Uie Pxoperty or other�nate�ial impairilie��t of Lendor'e i�7terest in thc
<br /> Property or rights under this Sccurity In�trnmenf. Borrower can oure snoh a deflnit and, iL accelerrition has
<br /> occurred, reinstate ns grovided in Section 19, by ceueizig Yhe action or prooeeding Yo be dis�iussed witli a
<br /> rnling that, iii Lender's judgment, precludes iorfeitw�e of the Property or other material 'unpairme�rt of
<br /> Lender's interest in fhe Property or rights uucler tl�is Sec�u9ty inshuuient. "fho proceed� of ai�y award or
<br /> claim for dtuna�es that are attribtitiable to Che iinpainnenC of Lender'a interest in tke Property are hereby
<br /> as.si{,n�ed and shall be paid Co Lender.
<br /> All Miscellaneous Proceeds that�re not applied fo xesCoration or repan� of the Pxoperty shpll be npplied iti the
<br /> ordce provieled Por ii�Seolion 2.
<br /> zaooeQea
<br /> NGORASKA-Single f-amily�PannleldaelPretldle Rhac UNIPOftM INff�RUA7 EN'f Form 3020 1101
<br /> VM P(� VM P6(NEI(71 a51
<br /> Woltere I<luw er Flnenclal 9ervloea Page 10 of 7 Y
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