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201209435
<br /> satisfaction, provided thaz such inspe�tion shall be undertaken promptly. Lender may pay for the repairs
<br /> and restoration in a single dis6ursement or in a series of progress payments as the work is completed.
<br /> Unless an agreement is made in writing or Applicable Law requires in[eres[to be paid on such
<br /> Miscellaneous Procesds, Lender shall not be required to pay Borrower any interest or eainings on such
<br /> Miscellaneous Proceeds. If the restoration or repair is not etonomically feasible or Lender's securiry would
<br /> be lessened, the Miscellaneous Proceeds shall be applied to the sums secured by [his Security Instrument,
<br /> whether or not then due, with the excess, if any, paid[o Borrower. Such Miscellaneous Proceeds shall be
<br /> applied in the order provided for in Section 2.
<br /> In the event of a rotal taking, destruction, or loss in value of[he Property, [he Miscellaneous Proceeds shall
<br /> be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any,
<br /> paid to Borrower.
<br /> In the event of a partial taking, destruction, or loss in value of the Property in which the fair market value of
<br /> [he Property immediately before the partial taking, destruction, or loss in value is equal to or greater than the
<br /> amount of the sums secured by this Security Instrument immediately before the partial[aking, destruction, or
<br /> loss in value, unless Borrower and Lender o[henvise agree in wri[ing, the sums secured by this Security
<br /> Instrument shall be reduced by the amount of the Miscellaneous Proceeds multiplied by the following
<br /> fraction: (a) the total amount of the sums secured immediately 6efore the partial taking, destruction, or loss
<br /> in value divided by (b)the fair muket value of[he Property immediazely before the partial taking,
<br /> destruction, or loss in value. Any balance shall be paid to Borrower.
<br /> In the event of a partial [aking, destruction, or loss in value of the Property in which the fair mazket value of
<br /> the Property immediatety before the panial taking, destruaion, or loss in value is less than the amount of the
<br /> sums secured immediately before the partial[aking, destruction, or loss in value, unless Borrower and
<br /> Lender othenvise agree in writing, the Miscellaneous Proceeds shall be applied to the sums secured by this
<br /> Security lnstrument whether or not the sums aze then due.
<br /> If the Property is abandone�by Borrower, or if, after notice by Lender ro Borrower tttat the Opposing Party
<br /> (as defined in[he next sentence) offers[o make an award to settle a claim for damages, Borrower fails to
<br /> respond to Lender within 30 days afrer the date[he notice is given, Lender is authorized ro collec[ and apply
<br /> the Miscellaneous Proceeds ei[her to restoration or repair of the Property or to the sums secured by this
<br /> Security Instniment, whether or not then due. "Opposing Party" means the third party that owes Borrower
<br /> IVliscellaneous Procceds or the party against whom Borrower has a right of ac[ion in regazd to Miscellaneous
<br /> Procceds.
<br /> Bonower shall be in default if any action or proceeding, whether civil or criminal, is begun tt�a[, in Lender's
<br /> judgment, could result in forFei[ure of the Property or other material impairmen[of Lender's interest in[he
<br /> Property or rights under this Security Instnunent. Borrower can cure such a default and, if acceleration has
<br /> ocwrred, reinstate as provided in Section 19, by causing the action or proceeding to be dismissed with a
<br /> ruling that, in Lender's judgmen[, pruludes forfeiture of the Property or other material impairment of
<br /> Lender's interest in the Property or righ[s under this Security Instnunent. The proceeds of any award or
<br /> claim for damages that are attributable to the impairment of Lender's interest in the Property are hereby
<br /> assigned and shall be paid to Lender.
<br /> All Miscellaneaus Proceeds that are not applied to restoration or repair of the Property shall be applied in[he
<br /> order provided for in Section 2.
<br /> NEBRASKA�Single Family�Fannia MeelFretltlle Mac 11NIFOFM INSTFUMENT Farm 3028 1/01
<br /> VMP�'9 VMP61NE1111051.D0
<br /> W ol[B!b KluwBf Financial 5ervices Pdg2 10 01 1]
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