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201209694
<br /> Satisfaetion, provided tkat such inspectl4n shall be undertaken prompfly. Lender ma.y pay for the repairs
<br /> and restoraflon in a single disbursement or in a series of progress payinents as the work is completed.
<br /> Unless an ageemenY is made in wsiting or Applic�tble Law requires interest to be paid on such
<br /> Miseellaneous Proceeds, Lender shall not be requued tn pay Borrower any interest or eamings on such
<br /> Miscellaneous Proceeds. If the restoration or repair is not economically feasible or Lender's security would
<br /> be lessened, the Miscellanc�us Proceeds shai_1 be applied to [he smns secnred by this Security Instrument,
<br /> whether or not then due, with the excess, if any, paid to Borrower. Such Miscellaneous Proceeds shall be
<br /> appliecl ui the order procided far in Secrion 2.
<br /> In the event oF a total taldng, destruction, or loss in value of the Property, the Miscellaneous Proceeds shall
<br /> be applied to the sums secured by fhis Security Instrument, whether or not then due, with the excess, if any,
<br /> paid to Borrower.
<br /> In the event of a parLial taking, destruction, or Ioss in vatue of the Property in which the fair market value of
<br /> the Property imTnediately before the�artial talflng, destruction, or loss in value is equal to or greater than the
<br /> amount of ihe sums secured liy this Security lnstrument immediately bePore the partial taking, destruction, or
<br /> loss in value, unless Borrower and Lender otherwise agrze in writing, the swns secured by t7�is Security
<br /> Instrument shz11 be reduced by the amount of the Miscellaneous Proceeds mulriplied by the following
<br /> fraction: (a)the tota] amount of the sums secured invnediately before the partial taking, destruction, or loss
<br /> in value divided by(b)the fzir�maiket value of the Property immediately before the partial taking,
<br /> deskrucrion, or loss in value. Any balance shall be paid to Borrowcr.
<br /> In ihe event of a partial takiug dcstruction, or loss in value of the Property in which.the fair mazket value of
<br /> the Propei*.y immediately before the partial taking, destruction, or loss in value is less than the amomrt of the
<br /> sums secured immediately before the partial talcing, destruction, or loss in value, Luiless Borrower and
<br /> Lender otherwise ab ee in v✓xiting, the Miscellaneous Proceeds shall be applied to the sums secured by this
<br /> Seeurlty Instnunent whether or not the sums are then due.
<br /> If the Property is abandoned by Borrower, or if, after notice by Lender to Bono�ver tbat the Opposing Pany
<br /> (as defined in the next sentence) offers to make ui awazd to settle a cla'vn for dama�es, Borrou�er fails to
<br /> :espond to I ender�uittrin 30 days after the date the n�ticc is�nven, Lender is authorized to collecrt and apply
<br /> the Miscellaneons Proceeds aither[o restoration or repair of the Property or to the sums secwed by tlus
<br /> Security Instrument, whether or not then due. "Opposing Party" rneans the third pazty that owes Borrower
<br /> Miscellaneous Proceeds or the pariy against tvhom Barrower has a right of action in regazd to Miscellaneous
<br /> Proceeds.
<br /> Borrower shall be in default if any acrion or proceeding, whether civil or cruninal, is begun that, in Lender's
<br /> judgment, could result in forfciturc of'thc Property or other material impainneirt of Lender's intetest ui The
<br /> Property or rights under this Security Instrument. Borrower can cure.such a default and, if acceleralion has
<br /> occurred, reinstaYe as provided in Section 19, by causing the aclion or proceeding fo be dismissed with a
<br /> ruling fliat, in Lender's judb ent, precludes forfeiture of the Property or other material unpairment of
<br /> Iznder's interest in the Property or rights mider this Security Instnunent. The proceeds of any award or
<br /> claim for dasnages£hat are attdbukable to the impaumenY of Lender's interest in the Property are hereby
<br /> assigned and shall be paid to Lender.
<br /> All�Iiscellaneous Proceeds that aze not apglied to resWration or xq�air of the Property sh21I be applied in fhe
<br /> ord�provided fo� in Secfion 2.
<br /> zaaoz>se
<br /> NEBRHSKA-Sin3:e Family-Fznnie Mae/Freddie P✓.ac UNIFORlA INSTRUM ENT Form 3026 1701
<br /> W olter�s Kluw er Fnancial Szrvices VM P6(N�(1105)
<br /> Pa9e t 0 af 1]
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