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201210451
<br /> satisfacttion, providcd that such ins�cction shall be undertaken promptly. Lcudor may pay for the repairs
<br /> nnd res[oration in a single diebursement or iu a series of progress paymente as the wark is compleCed.
<br /> Unless nn agreeinent is inade in writing or ApplicaUle T,aw requires interesti to be paid on such
<br /> Miscellaneous Yrouceds, Londer shall not be required Co pay Bprrower airy.intcrest or oarnings on such
<br /> Misccllaneous Prooeeds. If the restoration or repair is not eoonomically feasible or Lender'a security woidd
<br /> be le.9sened, che Miscellaneoua Proceecls shall be applied to the sume secw•ed by this Secnrity Tnstrument,
<br /> whether or not then due, witli the excess, if any, paid to Borrower. Such Miscallaueous Proceeds ehall be
<br /> applied in tihe order provided for in Section 2,
<br /> In the evenC of a total tal�ing, dastiruction, or loss in value of the Property, the Miscellaueous Proceeds sha11
<br /> be applied to the sLuns secured Uy this Security Inetrument, whethsr or not Yhen due, with Hie oxcess, if at2y,
<br /> p�id to Borrower.
<br /> In fhe event of a p�rti�l t�king, desYruction, or loss in valua of the Pro�erty in wl�ich tha fair market value oi'
<br /> the Property iimnediataly before the partia1 bking, desfruckion, or loes in value is equal to or grcater than the
<br /> auiount of t1ze sums securcd Uy this SecuciLy Inelrulnen[inunadiately beLore hlie partinl haking, dea6ruclion, or
<br /> loss in vahie, imlese Borrower 2nd Leuder otherwise agree in writing, the sume secured by this Security
<br /> In�lrumant shall be xeduced by the amounY of fhe Miscella�ieous Proceeds multiplied by t$e following
<br /> fraction: (a) the totnl a�nount of the smns aecured iinmediately Uefore the pa��ti;il taking, destrucYioi�, or lose
<br /> in value clivided by(b) the fair market value of tl�c Proporty immcdiatcly bcforc thc parfial taking,
<br /> des�iuction, or loss in valuc. Any balauee shall be paid to Borrower.
<br /> ln t1�e eve��t Uf a partial taking, desCrucCion, or loss in v�lne of the Property in which the faix marlceC value of
<br /> lhe Property iimnedintely before the pa�titil taking, desU'uctiou, or loss iu value is less t1u�n the vnomrt of'Uie
<br /> etuns sectu'ed iimnediately before the parYi�1 talcing, dcstruction, or losn in va7uq unlcsa Borrower and
<br /> 1'.ender otUarwise ttgrec in writing, the Misoellaneoua Prooeecls shall be npplied to the sums secured by this
<br /> Seourity Inshument whether or noE the swne az•e then dua.
<br /> If the Property ie abandoned 6y Borrower, or if, after notice by Lender to Borrower�liat the Opposing Pnrry
<br /> (as deGned in the uext sentence} offers to make an award to settle a elaiin for daanages, Borrower fails to
<br /> respond to Lender wiYhin 30 da�ys a'fter the dake the notice is given, Lender is autllorizad to collect and apply
<br /> tha Miscellaneous Proceeds eithcr to restoratinn or repairof the Properi�y or to the sums secm�eci by this
<br /> Security Iustiuinent, wliether or not then due. "Opposinb Party" nieans the third party that owes Borrower
<br /> Miscellatieous Proceeds or the party agaiust whom Borrower l�as �right�P action iti regard to Miewllaneous
<br /> Proccccls.
<br /> Borrowor�hnll be in dePault if any aotion or proceeding, whether civil or crurnnal, ie begun that, in Lender's
<br /> jucigmeut, oould re,sulC in forfe'iture of the Piroperty or othei inaterial im�ainnent of L endei's inteiest in tlie
<br /> Property or rights under tl�is Secm�itq Instrmnent. Rorr�wer can cure such a defa�ilt and, if aaceleration has
<br /> occurced, reinsta�te as provided in �ection 19, by cansing Lhe action or pcoeeeding Co be disniissed wiCh a
<br /> ruling tl�at, in Londer's judgtnenC, preohides Por£ei6ura of the Property or oCher mAterial imp�irment of
<br /> Lcndcr's inCe�esf in[he Property or rights uniler this Sectvity Inst�wnenY. The proceeds of any awtucl or
<br /> claim for dtun�tges thnt are attributable to Uie impairnient of Lender's interest in the Property ere l�ereby
<br /> assigued and shall be paid to Lender.
<br /> All Miscellaneous Proceeds tliat are nnf applied to reatoraCion or rep�ir uf the Property eh�11 be applied in the
<br /> orcicr provided for in Seotion 2.
<br /> ..._.._.__.._.._.._ —
<br /> 24002963
<br /> NEBRA9KASIngle F2mlly-Fannle MaelFreddlo Mac ONIFORM INSTRUMGNT Parm 2020 1l01
<br /> VMP(a VldP6(NEI(1105)
<br /> Wolters Kluwcr Flnonclal 9arvlces PaBe 40 oi i�
<br />
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