��15�1357
<br /> sa�isfaction, pro�ided�hat such insp�c��on shal�b�untiertaken pramptly, L�nder ma�pay for the repa�rs
<br /> and restoration in a sing�e disbursement ar�n a ser��s af pragress payments as the work�s completed.
<br /> Unless an agreement is made in wr���ng�r App��ca�l�Law requires int�rest to be paid�n such
<br /> Mzscellane�us ProGeeds, Lender sha�l not be requ�red�o pay B�rrower any in�eres�or�arn�ngs on such
<br /> Mi�cellaneous ProGeeds. If the restoration�r repa�r�s na���onom��al�y feasible or Lend�r's s�cur�ty wauid
<br /> b���55�ri.��, the Miscellaneous Praceeds shall be appl�ed�o the�ums s��ur�d by this Se�urity �nstrument,
<br /> whether or not�hen due, with the excess, if any, paid to Barrower. Such M���e��aneous Pr�c�eds shall be
<br /> appx�ed �n�he order pra��ded for in Sec�i�n Z.
<br /> In the even�of a�otal tak�ng, des�ruc��an, ar�ass �n value of�he Proper�y, �h�Miscellan�ous Proceeds shall
<br /> be app�i�d�o�he sums se�ured by th�s Security �ns�rum�nt, wh��her or not th�n due, with�he excess, if any,
<br /> pa�d �o Borrnwer.
<br /> In�he e�ent of a par�ial �ak�ng, destruc��on, or��ss in�alue of the Praperty in which th�fa�r market vaiue of
<br /> the Praper�� imm�diate�y befare the par�ial �ak�ng, destru��ion, or��ss in value is equa� ta or greater than the
<br /> amount�f th�sums secured by this Securi�y Ins�rumen� �mmedxa�e�y bef�re the par��al taking, destruc�ion, or
<br /> �oss �n va�ue, un�ess Barro�v�r and Lender otherwise agree�n writing, the sums s��ured by this S��ur�ty
<br /> �ns�rument shal�be redu�ed by the amount of th�Miscel�aneaus Proceeds multiplied h�the fa��ow�ng
<br /> fraction: �a}th��o�al amaunt❑f the sums secured immedia�ely before the par�ial �aking, destruc�i�n, ar lass
<br /> �n�valu��.ivid��by �b}the fa�r market�alu�of the Proper�y immed�ately bef�re the partial taking,
<br /> des�ruc���n, �r��ss �n va�ue. Any�alan��shall��paid to B�rrower.
<br /> �n th��ven�of a par��al takzng, des�ruct��n, or loss in va�ue�f the Praper�y in vvhich�he fa�r niark�t va�ue af
<br /> the PrQper�y immediately b�for��he par�ial�aking, d�struction, or lass in value�s less than�he amaunt Qf the
<br /> sums secured imm�diately before the par�ial �ak�ng, destruction, ar�oss in vaiue, unless Borrower and
<br /> Lender o�h�rw�se agree�n writing, the Mis�ellaneous Pr�ceeds sha��be app��ed to�he sums secured by this
<br /> Securi�y �nstrument�he�her or not th�sums are then du�.
<br /> �f�h�Prapert.y is abandon�d�y Borra�ver, ar if, af��r natice by Lender ta Borrower t�at��e�ppas�ng Par�y
<br /> �as defined in the n�xt sent�nce} offers to make an award ta settie a claim for damages, Borrower fails to
<br /> r�spand ta Lend�r w��hin 3�da�s af�er�he date the not�ce�s gi�en, Lender is au�horized to collect and apply
<br /> �h�M��ce��aneous Proc�eds ei�her to restora�ian a�repazr of�he Property�r�o�he sum�secured by this
<br /> Securit�In�trum.en�, whe�h�r or n�t�hen due. "flpp�sing Part�" means the th�rd par�y that ovves B�rr�w�r
<br /> IVliscellaneaus Praceeds ar�h�party aga�n�t whom€B�rraw�r ha�a right af a��ifln in regard to M�sce�lanenus
<br /> Praceeds.
<br /> Borr�wer shal�be �n defautt if any actian or proceed�ng, whe�her c�v�l�r crimina�, is b�gun that, �n Lender's
<br /> judgm�ent, cou�d resu�t in forfezture of�he Property or❑�her ma�erial �mpa�r�ment of Lender's interest in the
<br /> Prapert� ar rights under�h�s Secur���r �nstrument. Borro�ver can cure su�h a defauit and, if accelera�ion has
<br /> �ccurr�d, reins�a�e as provided �n Se�tion 19, by cau�ing�he ac�i�n or proceeding t�b�dismiss�d with a
<br /> ruiing that, in Lender's judgment, precludes farfeiture of�he Proper�y ar other mater�al impairment of
<br /> Lender's �nterest �n the Property or rights under this Security�nstrurnent. T�e proceeds of any award ar
<br /> claim far damages tha� are attr�butable ta the impairment af Lender's intere�t in the PrQper�y are heret�y
<br /> as�igned and sha�� b�pa�d�o Lender.
<br /> A11 Miscel�ane�us Proc�eds that are nat appl�ed ta restora��on or repa�r of�he Prnp�r�y shall be applied �n the
<br /> order provided for zn Section�.
<br /> NEBRASKA-Singl�Fami�y-Fannie Mael�reddie Mac UNIF�RM INSTRUM�NT Form 3a�8�I�1
<br /> VMP[� VMPS[NE�(13��)
<br /> WQlters KIu►rv�r�in�nGi�!S�r�iGes Page 1❑❑f 17
<br />
|