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� ��15��744
<br /> �U. Ass�gnment of Miscellaneous Proceeds;Forfe�ture. Al�Miscella�a.�ous Pro�eeds are hereby assigned to
<br /> and sha�X�e pa�d to L�nder.
<br /> If th�Pr�perty is damaged,such Misce�laneous Proceeds shall be app�ied to restnration or repa.ir of the Pr�perty,
<br /> xf the restorat�on or repa�r�s economically feasib�e and Lender's secur�ty�s not�essened. Dur�ng such repair and
<br /> rest�ration per�ad, Lender shal� have the right t� ho�d such Misce�.lari.eous Proceeds unti� Lender �ias had an
<br /> opportunity to inspect such Property to ensure the vsrark has been comp�.eted to Lender's satisfaction, provided that
<br /> such ul:spection�ha1�be underta�en promptly. Lender may pay for the repairs ar�d restorat�on.in.a sin.gle disbursement
<br /> or�n a series�f progress payments as the work xs camp�eted. Unless an agreement rs made Yn writi.ng vr Applicabxe
<br /> Lavsr requires interest to be paid on such M�sce�laneous Proceeds, L,ender shall not be required to pay Borrower any
<br /> �nterest or earnings an such M�scellanevus Proceeds. If the restoration or repair is not economica�ly feasi.ble or
<br /> Lender's se�urity wouid be lessened,the Miscelianeous Frviceed.s shall be applied to the sums secured by this Security
<br /> In.strumen�, whether or not th.en due, w�th the excess, if any, pa�d to Borrawer_ �uch Miscella-n.eous Praceeds shail
<br /> �e appl�ed in t�a.e arder prov�ided far in Section 2.
<br /> In the event of a total taking, destruction., or ioss ua.value of the Property, the Miscellanevus Proceeds shall be
<br /> appl.�ed t�the sums secured by this Security Instrumen�, whe�her"or nat the�.due, vv�th-the ex�ess, Yf any, paid to
<br /> Barrower. � � .
<br /> Ln the event of a partial taking, destruction, �r�oss i�a.value�f�h.e Property in wbich the fair market�a1ue af
<br /> + the Property imrnediate`��befare the part�a�taki.ng, destruc#�on, or�oss in va1u�zs equal to ar greater than the anaaunt
<br /> af the sums secured by this-�ecur�ty Instrument�mmediately before the partial tak�ng, dest�u�tion, or I.nss i�.value,
<br /> ur�r.�.ess Borrawer and Lender otherw�se agree�n writing,the sums secured by this Securit�Ir�strum.ent shall be reduced
<br /> � by th.e amount of the M�sce�laneaus Proceeds mult�plied by th�foliow�ng fraction: �a}the totai amount of the sums
<br /> secured urimediately before fihe par�ial tak�ng, destruction, or lass in vaiue di�r�ded by�b}the fair mark�t vaiue of the
<br /> Property imm.ediate�y before the par�ia�ta.kin.g, destruct��a�., or Xoss in vaxue. An.y balance shall be pa�d to Borrower.
<br /> In the event of a partia�ta.king, destruct�.ora., or�oss ir�.va�u�Qf the Property ua.whi.ch the fa�r market value of
<br /> the Property i_mmecliately before the pa.rt�ia�taking, destructa.or�., or�oss i.n vaiu�xs less thar�the amount of the sums
<br /> secured immediate��befare the part�al taking, destruct�.on, or�ass�n vaiuey uniess Bvrrower and Lender otherwise
<br /> agree in vvr�tin.g, �h.e Mxsce��.aneous Proceeds shall be app�ied to the sums secured by this Security Inst�rrument whether
<br /> or not the sums are�hen due.
<br /> If the Property�s abandoned by Borrawer,or xf, ai�er noti�e by Lender to Borro�rer that the�pposulg Party[as
<br /> defiried in the next sentence] offers to make an award to settX� a cia�.m for damages, Borrower fai�s to respvnd to
<br /> Lender w�ithin.3�days after the date the notice is g�ven, Lende�xs authori�ed.to callect a.n.d apply the Miscellaneous
<br /> Praceeds e�ther to restorat�on or repa�r of the Property or to the sums secured by_thi.s Se�urxty Instrun�ent, v�hether
<br /> or not th.en due. "�pp�sing Party" means the third party that owes Borravver Miscel�aneaus Proceeds or the par�y
<br /> again.st wham Borrower has a right of acti.on u�.r�gard to Miscelianevus Proceeds.
<br /> Borrower shal�be in default�f any ac�ion or procee�ing, whether civil or crimin.a�, xs begun that, in Lender's
<br /> judgment, c�ul.d result in farfeiture of th.e Prapert�vr�ther material impairment of Lender's interest�n the Property
<br /> ar rxgh.ts under t�s Security Instrument. Borrower can cure such a default and, if acceleration has occurred,rein.sta.te
<br /> as pravi_ded in Section �.S, by cau.sing the act�on ar proGeedi.ng to be dismissed w�th a�ru.lin.g t11at, in Lender's
<br /> judgment, prec�udes farfexture of the Property or other mater�al impairment of Lend�r's interest in the Property flr
<br /> rxghts under th�s Secur�ty Instrument_ Th�proceeds of any ativard or claim for damages t�iat are attributable ta the
<br /> impa�rment af Lender's ianterest in the Property are hereby a.�signed and shall be pa�d to Lender.
<br /> A�I Mis�e�lane�us Proceeds that are nat applied to restoration or repair of trie Praperty shall be applied in.the
<br /> order prov�ded for in Section 2.
<br /> 11. Borrawer Not Re�eased; Forb�arance B�Lender l�ot a WaYver. E�ten.sian of the tim�far payment or
<br /> modification of amortz.za.tion�f the sums secured by th�s Securit�Instirument granted by Lender to Borr�wer or any
<br /> Successor in Interes�of Borrov�er sha1�nvt operate to rel.ease the liabil�ty of Borrower or any SuGcessors in In�erest
<br /> of Borrower. Lender shal�nat be requ�.red to commence proceedings against an.�Suc�essor in Interest of Barrau�er
<br /> or to refuse to e�tend time for payment or otherw�.se moclify amvrt7i.�a.t��n of the sums secured by this Secur�ty
<br /> Instrument by reason of any demand made by the orxginal Borrawer or any Successors in Interest of Barro�ver. Any
<br /> ' NEBRASKA 5ingie Fami[y-UNIF�RM INSTRUMENT �����
<br /> M�D!FI E[7 F�R DEPART151iE[VT�F V ETERANS AFFA!RS - MERS • �nrw�r_�oc�rragic.cotr�
<br /> �Rev. '!ID'I} Page 8 0� '�4
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