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201210487
<br /> satisfaction, provided that such inspection shall be undertaken promptly. Lender may pay for[he repairs
<br /> and restoration in a single disbursement or in a series of progress payments as the work is completed.
<br /> Unless an agreement is made in writing or Applicable Law requires interest to be paid on such
<br /> Miscellaneous Proceeds, Lender shall not be required[o pay Borrower any imerest or earnings on such
<br /> Miscellaneous Proceeds. If the restoration or repair is not economically feasible or Lender's security would
<br /> be lessened, the Miscellaneous Proceeds shall be applie�to the sums secured by this Securiky Instrument,
<br /> whether or not then due, with[he excess, if any, paid to Borrower. Such Miscellaneous Procceds shall be
<br /> applied in the order provided for in Section 2.
<br /> In the event of a total taking, destmction, or loss in value of the Propeny, the Miscellaneous Procceds shall
<br /> be applied to the sums secured by this Securiry Instrument, whether or not fhen due, with the excess, if any,
<br /> paid to Bonower.
<br /> [n[he event of a partial taking, destruction, or loss in value of the Property in which the fair market value of
<br /> the Property mm�ediately before the partial takivg, destruction, or bss in value is equal to or greater d�an the
<br /> amount oF the sums secured by this Security Instrument inunediately before the partial taldng, destruction, or
<br /> loss in value, unless Borrower and Lcmder otherwise agreE in writing, the sums secured 6y this Security
<br /> Instrument shall be reduced by the aznount of the Miscellan�us Procceds multiplied by the following
<br /> fraction: (a)the total amount of the sums secured immediately beFore the partial taking, destruction, or loss
<br /> in value divided by (b) [he fair marke[value of the Property immediately before the partial taking,
<br /> destrucaon, or loss in value. My balance shall be paid to Bonower.
<br /> In the event of a partial taking, desm�ction, or loss in value of the Proper[y in which[he fair mazke[value of
<br /> the Property immediately before the partial taldng, destruction, or loss in value is less[han the amoun[of the
<br /> sums s�ured immediately before the partial talting, destruction, or loss in value, unless Borrower and
<br /> L.ender otherwise agree in writing, the Miscellaneous Proceeds shall be applied to the sunls secured by ffiis
<br /> Security Instrument whether or not the sums are then due.
<br /> If the Property is abandoned 6y Borrower, or if, after notice hy Lencier to Borrower that the Opposing Pazty
<br /> (as defined in the next sentence) offers to make an award ro settle a claun for damages, Borrower fails to
<br /> respond to Lender within 30 days after the date the no[ice is given, Lender is authorized to collect and apply
<br /> the Miscellaneous Proceeds either m restoration or repair of the Property or to the sums secured by this
<br /> Security Instrument, whether or not then due. "Opposing Party" means the third party that owes Borrower
<br /> Miscellaneous Ptoceeds or the party against whom Botrower has a righ[of ac[ion in regazd ro Miscellaneous
<br /> Proceeds.
<br /> Borrower shall be in default if any action or proceeding, whether civil or criminzl, is begun that, in Lender's
<br /> judgment, could result in forfeiture of the Property or other material impairment of L.ender's interes[in the
<br /> Property or rights under this Security Instrument. Borrower can cure such a default and, if acceleration has
<br /> occurred, reinstate as provided in Section 19, by causing the action or proce�ding to be dismissed wi[h a
<br /> ruling that, in I.ender's judgment, precludes forfeiture of the Properry or other material impairmem of
<br /> Lender's interest in the Property or rights under this Security Instrument. The proceeds of any award or
<br /> claim for damages that are attri6utable to the impairment of Lender's interest in the Property aze hereby
<br /> assigned and shall be paid to Lender.
<br /> All Miscellaneous Proceeds that ue not applied to resroration or repair of the Ptoperty shall be applied in the
<br /> order provided For in Section 2.
<br /> NEBflASKA-SlnBle Family-Fannia Mae/Freatlia Mec UNIFORP9 INSTRUMENT Gorm 3028 1,'01
<br /> �P B VMP61NE1111051.00
<br /> Woitars Kiuwer Financial5ernces Pege 10 oi t]
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