��14�1955
<br /> satisfact�on, pro�ided tihat such insp�ctian sha11 be undertaken promp�Iy. Lender may pay far the repairs
<br /> and restoration in a single disbursement or in a series of progress payments a.s the work�s comp�eted,
<br /> Unless an agreement is made�n vvri�ing or Applrcabl�I.aw requ�res interest to be paid on such
<br /> Miscellaneflus Proce�ds, Lender shaxi not be requir�d.to pay Borrower any interest or earnings on such
<br /> Miscellaneous Praceeds. If�he restorat�on or repair is no�econom�cal.ly fea.sible or Lender's secu�.ty would
<br /> b��essened, the Miscellaneous Proceeds sha11 be app�ied to�he sums secured by�his Se�urity Instrument,
<br /> whether or not�hen du�, with Che e�cess, rf any, paid to B�rrower. Such M�sc,ellaneous Pr�ceeds shall be
<br /> applied in the order pro�ided for�n Section 2.
<br /> In�he event of a total taking, destruc�ion, or�oss in Wa1ue of the Property, the Misceiianeous Proceeds shali
<br /> b�app��ed ta�he sums s�cured by tih�s Security Instrument, vvheth�r�r riat then due, �ith the excess, if any,
<br /> paid to B�rrower.
<br /> �n the e�rent of a partial�aki.ng, destructxon, or loss xn�a�ue of the Property in which the fair marke��a�ue of
<br /> �h�Praperty immediately befare�he par�ia�ta.k�.ng, destruc�ivn, or�oss in�a�u�is�qua1 to or greater than the
<br /> amour�t of�he sums secured by this Security�nstrument xmmedia�ely before�he partxal taking, destructian, vr
<br /> loss in value, un�ess Borrawer and Lender otherwi�e agree in��ing, the sum.s secured by this Secur��r
<br /> Instrument sha1l be red.uced�y�he amoun�of the M�scellaneaus Proceeds multiplied by th.e following
<br /> fractian: ta}rhe�o�ai amount nf the sum,s secured immediate�y before the par��a1 taking, destruc�ion, or�oss
<br /> in value di��ded by (b}the fa�r ma�rket�a1ue of the Property xmmediat�ly bef�re the part�al taking,
<br /> destructi�n, or lnss in�a1ue. Any balance shali be gaid to Barrower.
<br /> In tihe e�ent of a partial taking, desxruc�ion, or Inss�n.�a1ue of xhe Property in whrch the fa.i.r mark�t value�f
<br /> the Proper�immed�a�e�y before the par�ial takin.g, des�ructian, or loss in value xs�ess than the amount of the
<br /> sums se.�ured immedia�ely before the partial taking, destrucCion, or Xoss in�a�ue, un�ess Borrower and
<br /> Lend�r other�vise agre.�in writing, the Miscellan�us Proc.e�ds sha��be app�ied ta the sums secured by this
<br /> Se,curi� Instrument v�rhether or not the sums are then due.
<br /> If the Property is abandoned by Borrawer, or�f, after no�ice by Lender to Barrower that the�pposxng Par�r
<br /> (as defined in the next sen�enc�} off�rs ta make an award to set�ie a clai.m for damages, Borrower fa�.ls to
<br /> re�pond to Lender within 3D days after the dat�th�noti�e is given, L�nd�r is author�z�d.�v co�iect and apply
<br /> th�Misce�ianeaus Proceeds either to restorati�on or repair of the Property or to the sums secured by this
<br /> Security Instrumenx, whether or no��hen due. "Oppasing Pa�ty" means the third parry tha�owes Borrower
<br /> Miscellaneous Proceeds or the parry aga�n,st whom Borrower has a r�ght of action�n regard to Mxscellaneous
<br /> Praceeds.
<br /> Borrov�er sha11 be in.default if any action or proce�d�ng, whether ci�i1 or c�.minal, is b�gun that, in Lender's
<br /> judgm�nt, could resul�in farf�iture of�he PraperCy or o�her mat�rial impairment of Lender's�nteresx in th.�
<br /> Prop�r�y or r�gh�s under�his Secur�ty�nstrument. Borrow�r can cure such a defaul�and, �f acceieraxion has
<br /> accurred, reinsta�e as prov�ded in Se.ctian 19, by causing�he ac�ion vr praceeding�o be d�smissed with a
<br /> ruling�h.at, �n Lender's judgment, precludes fnrfeiture of�he Property or o�her ma.�er�ai impairment of
<br /> Lender's in�eres�in the Property or rights under�h�.s Security Znstrument. The proceeds af any award or
<br /> clai.m far damages�ha�are attributable ta the impa�rment of Lender's interest in the Property are herehy
<br /> assigned and shall be paid�o Lend�r.
<br /> A11 Mxscellaneous Proceecis�h.at are nat app�i�l ta restoration or repai.r of�he Property sha11 be appiied in th�
<br /> order pr��ided far in Section 2.
<br /> N�BRASKA-Sing�e Family-Fannie Mael�reddie Nfac U1V[FQRM INSTRUMENT Form 3D28 1107
<br /> VMP� VMP6tN�y{�3�2).�D
<br /> 1Nalters Kluwer�inaRcial S�n►ices Page'�D of 17
<br />
|