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201208580
<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 agXeement is made in wxiting or Appficable Law requires inteie8t to be paid on such
<br /> MiscellaneouS ProCeeds, Lendex shall not be required to pay Borrowex any interesE or earnuigs on such
<br /> Miseellaueous Proceeds. If the restorarion or tepau is not econotnically feasible or Lender's security wouid
<br /> be lessened, the Miscellaneous Proceeds sl�all be applied to the suxns secured 6y tlus Security Insinunent,
<br /> wheTher or not then due, with the excess, if any, paid to Borroarer. Such Miscellane0us proceeds shall be
<br /> applied in the order provided for in Section 2.
<br /> In the event of a total talcing, destnxction, or loss in value of the Properry, the Miscellaneous Pxoceeds shall
<br /> be applied to the sums secured by this Seciuity Instrument, wheChex or not then due, with the excess, if any,
<br /> paid to Bonourer.
<br /> In the event aP a partial talang destruckion, or loss in value of fhe Property in which the faix mazket vahie of
<br /> the Froperty immediately before the pazYial taldng, desfxuction, or loss in value is equat to or�'eafer than the
<br /> amounf oF the sums secured by this Security Instrument immediately before the partial taldng, destruction, or
<br /> loss in value, miless Borrower and Lender othercvise agree in writing; the siuns secured by this SecL�rity
<br /> Instrument shall be reduced by the amount of flie MSscellaneous Proceeds multiplied by the following
<br /> fraction: (a)the total amount of the suns secured immediately before the par[ial takina, destruction, or loss
<br /> in value divided hy(b) the fair market value of the Property mm�ediately before the partia!talang,
<br /> destruction, or loss in value. Any balance shall be paid to Boaower.
<br /> In tl�e avent of a partial taldng, destruction, or loss in value of the Property In which the fair mazk�t value of
<br /> the Propertp immediately before the partial taldng, des[ruc[ion, or loss in valuc;is less than the amount of thz
<br /> �swns secured unmediately before the partial taking, destruction, or loss in value, unless Bosower and
<br /> I,encler ptherwise agrce in writiug, the Miscellaneous Proceeds shall Ue applied to the sums secured by this
<br /> Security Instnunent whether or not the s�s are then due.
<br /> IPthe Property is abandoned by Borrower, or if, after notice hy Lender to Borro�ver that the Opposing Party
<br /> (as defined in the next sentenee)offers to make an a�zrd[o settle a claun for dTmages, Boaower fails to
<br /> respond tu Lender within 30 days after the date the notice:s given, Lznder Is authoxized to coliect and appLy
<br /> [he Miscellaneous Proceeds either to restoration or repair o��the Rroperty or to the sums secured by this
<br /> Security Instrument, whether or not then due. "Opposing Party" means the tivrd pazty that owes Borrower
<br /> Miscellaneous Proceeds or the party against whom Borrower has a right of acrion in regard to Misecllaneaus
<br /> Proeeeds. .
<br /> Bono�ver shall Ue in default if any ac[ion or proceeding, whether civil or criminal,. is begun that, in T ender's
<br /> jud�nnent, coiild result in forfeiture of thc Pr�p��-Ly or other material iivpainnent of Lender s interest in the
<br /> Property or rights under this Security Instrument. Botrower can cure such a default and, if acceleration has
<br /> occturcd, reinstate as provifled in Section 19, liy eausing the actioi2 oF proceeding to be dismissed wlfh a
<br /> ruling that, in Lender's judgmern, precludes forfeiture of the Property or other materiat impairment af
<br /> Lender's in'teres:in the Property ar rights under this Secwity Instrument. The proceeds of any award or
<br /> claim for damages tha#aze attribntable to khe vnpairment of Lel�der s interest in the Property ar�hereby
<br /> assigned and shall be paid to Lender.
<br /> ?11 Miscellaneous Procceds that aze not applied to resWrarian or iepair of the Pcoperry shall he applied in the
<br /> order provided for in Section 2.
<br /> 26002535
<br /> NEBRASKH-Sinale Famil;i-Fann.i=_R1v:Fredtlie bi ac ONIFORM INSTRUM ENT Form 3028�l01
<br /> VM P� VM P6(N�(i�O51
<br /> WOIIarsKluwxr Flnanclal5ervioes Page 0 oi il
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