��15�1154
<br /> satisfact�on, pr�vided that such inspectian shali be undertaken promptly. Lender may pay far the repa�rs
<br /> and res�orat�on�n a single disbursement or in a series of progress payments as the wark is co�np�eted.
<br /> Unless an agreemen� is mad� �n writing or App�icable Lav� r�quires interest to be paid on such
<br /> Miscellaneous Praceeds, L�nder shall n�t be required to pa� Borrower an� interest or earnings on such
<br /> Miscellane�us Proceeds, �f the rest�ra�ion or repa�r is nat econamically feasible or I�ender's security wou�d
<br /> be�essened, �he M�sce�laneous Proceeds shall �e applied�o�he sums secured by thi� Security Instrumen�,
<br /> wheth�r or not�hen due, w�th the excess, zf any, paid t�Borrower. Suc:h Misc�llan�ous Praceeds shal�be
<br /> appli�d in�he arder pr���ded far�n Section 2.
<br /> �n the e�en�of a t�tal taking, des�ruct�on, or loss in�a�ue of the Praper�y, the M�scellane�u�Pr�ceeds shall
<br /> be app�ied�o the sums secured by this Security Instrument, whe�h�r or not then due, w�th the excess, if any,
<br /> paid t�Borrawer.
<br /> In the event of a par�ial taking, destruction, �r�flss in�a�ue�f�he Pr�per�y �n wh�ch�he faxr market value of
<br /> th�Proper�y immedia�ely before the par�ial taking, des�ructi�n, ar lass �n�a�ue is equal ta ar greater than�he
<br /> amoun�nf the sums secured by this Security Instrum�nt �mmediately before the par�ia� taking, destruct��n, �r
<br /> �oss �n va�ue, un�ess Borrnwer and L�nder o�herw�se agr�e in wr�ting, �he sums secured by this Security
<br /> Instrum�nt shali be reduced�y the amoun�of�h� M�scel�aneous Proceeds multipl�ed by�he following
<br /> fraction: �a} �he�atai amaunt of the sums secured�rnm�d�a�e�y before�he partzal takzng, destruct�on, or lass
<br /> in va�u�d�vid�d by �b} �he fair mark��vaiue af the Property immedia�e�y befflre th�partza� tak�ng,
<br /> d�struct�an, or�oss �n valu�. Any baiance shall be pai��a BQrr�wer.
<br /> �n the event of a par�zal taking, destruction, or�oss in va�ue of the Prop�r�y in which the fair market va�ue of
<br /> the Pr�perty immed�ate�y before the part�a�ta.�iza�, destruc�ion, or�oss in va�ue is�ess than�he arnoun�of the
<br /> sums seGured immediately��fore the part�al tak�ng, destruc��on, or�oss �n�a�ue, un��ss Borrawer and
<br /> Lender o�herwise agre�in wri�ing, �he Mis�ellaneous Proceeds sha�l be app�ied to�he sums s�cured by th�s
<br /> Secur���r �ns�rumen�whe�her ar not�he sums are t�en due.
<br /> �f t��Proper�� �s a�andoned b�Borro��r, �r�f, after nn��ce by L�nder ta Borr�wer tha��he appos�ng Par�y
<br /> �as d�fined�n�.he nex�sen�ence} offers to make an award to settle a Claim f�r damages, Borrov�rer fa�ls to
<br /> respond to L�nder wi�hin 3a days af�er the dat�the no��ce�s g�ven, Lender�s au�hor�zed to collect and apply
<br /> th�Miscellane�u�Prac�eds e�ther to r�s�ora�ion or repair of the Praperty or to the sum�s secured�y th�s
<br /> Secur��� Znstrument, tivhether or n�t th�n due. "�pposing Par�y" means th�third party�hat owes B�rrov�er
<br /> N��sce��aneaus Pr�ceeds or the party a�ains��hom Borrower has a right af action in r�gard to Misc�llaneous
<br /> Praceeds.
<br /> Barr�vv�r shall be in defau�t �f any act�an or proc�ed�ng, whe�her ciw�� or crimina�, is begun�hat, in L�nder's
<br /> judgm�nt, ��ul�result �n farfeitur��f the Proper��or ather ma�er�a� zmpa�rmen��f Lender`s interes�in the
<br /> Property�r righ�s under this Securi�y Instrument. Borr�w�r�an cur�su��Z a default and, �f acce��ra��on has
<br /> o��urred, r�xnsta�e as pra�ided in Se�tion �9, by causing th�ac�i�n or pracee�ing t�be disrniss�d with a
<br /> ruling that, in L��nder's�udgm�nt, pr�c�udes farfe�tur��f the Pr�pert�or other ma�erial impairmen�flf
<br /> Lender`s interes� in the Proper�y�r r�ghts under�h�s 5e�ur�ty �nstrument. Th�pr�ceeds�f an� award ar
<br /> cla�m f�r damages�hat are at�ributable ta�he impa�rment of Lend�r's �nter�s� �n�h�Pr�per�y ar�hereby
<br /> assign�d and shall�e paid to Lender.
<br /> All M�scei�an�ou� Prflceeds that are not app��ed�o res�ora�i�n or repair of�he Property shal� be app�ied �n the
<br /> order provided far in S��t�nn 2.
<br /> N�6RASKA-Singte�amily-Fannie MaelFreddie Mac UNIFORM INSTRUMENT �vrm 3��8 11�1
<br /> VMP� VMPS{N�}41302f
<br /> Wolters Kiuwer�ir�anei�l Ser�ices Page��of 17
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