��15�1�75
<br /> satisfac�ion, pra�ided�hat such �nspect�on sha�� be und�rtaken pro�nptly. Lend�r rn.ay pay for�he repa�rs
<br /> and restoration in a sing��disbursem�nt or�n a s�r�es of progress payrn�ents as the work���amplete�.
<br /> Unl�ss an agreement is made xn wr�t�ng ar App�icable Lavv requires interest ta be pa�d nn such
<br /> Mi���llaneou� Pra�ee�s, Lender sha�� not be required to pay Barrower an� interest or earn�ngs�n such
<br /> M�s��llanenus ProGeeds. �f the restnration or repair�s no�ecanomically feasible or Lender's security wou�d
<br /> be l�ssened, th�Mis��llaneous Proce�ds shall be applied t�the sums secured by�his Securit�Instrument,
<br /> whe�her nr not then�ue, uli�h the ex��ss, if any, pa�d to Borrow�r. Such Misc�llaneous Proceeds sha�l be
<br /> app�ied in th�order pr�vided for in���t�on 2.
<br /> Ir�th��v�n�of a��tal�ak�n�, destruc�ion, or��ss�n�alue of�he PrQperty, the Misce��an.eaus ProCeeds sha1l
<br /> be appli�d ��the sums s�cured b�r th�s Se�ur�ty �nstrument, whether or not then due, �vi�h th��xcess, if ar�y,
<br /> paxd�� B�rrower.
<br /> �n the�vent of a par��a� taking, �es�ructian, or lass in value�f the Praperty �n whzch�he fair mark�t value�f
<br /> the Pr�per�y �mmediate��r before�he par��a� �aking, destruct�on, or Ioss �n�alue is equa� �n or grea�er than the
<br /> amaunt af the sums secured�y th�s Securit�r�ns�rument �mmedia�el�before�he part�al taking, destruc�ion, �r
<br /> l��s �n va�ue, un��ss Borr�vv�r and Lender o�herw�se agree in writing, the sums secured by this Se�uri�y
<br /> �ns�rument shall be r�duced by�he am�un��f�he Misc���aneous Proceeds mu���p�ied by the following
<br /> fraction: (a}the�otal am�unt of�he sums secur�d imm�diat��y before the par��a� tak�ng, destructz�n, or loss
<br /> in va�ue divided by �b} the fair market value of�he Prop�r�� imm�diate�y before the part�a� tak�ng,
<br /> d�S�I`�IC�I�ri, or�ass in value. Any balance sha��be paid to Borrower.
<br /> �n the event�f a par��al taking, d�structian, or loss �n�alue of the Property in which the fair marke�value of
<br /> the Prapert� immed�ate�y b�fore th�part�a�taking, destruc�zon, or�oss xn va.�ue�s�ess than�he amount of�he
<br /> sums secured immediately before the part�a�tak�ng, destruction, or loss in�alue, un�ess Borrower and
<br /> Lender o�herwise agree in vvrit�ng, the Miscellaneaus Pr�ceeds shall be applied to�he su�ns secured by thxs
<br /> Security �nstrumen�whether or no�the sums are t�en du�.
<br /> �f the Proper�y is abandoned by Borrow�r, or�f, after no�ice by Lend�r to Barrower that�he�pp�sing Party
<br /> �as defined in the next�entence}nff�rs t�make an award to settxe a c�a�m for damages, Borrawer fa��s ta
<br /> resp�nd to Lender w�th�n 3�days after�h��ate the notice is giv�n, L�nder�s author�zed�a cnl�ect and apply
<br /> th�Miscellane�us Proceeds e�ther ta res��ratz�n ar r�pair of the Pr�p�rt�or to�he sums secured�y this
<br /> Secur�ty �ns�rum�nt, whe�her or not then due. "Dppas�n� Party" m�ans the third party tha�aw�s Borrower
<br /> N�xscel�aneous Prnc��ds ar the par�y again��whom B�rrower has a r�ght of a����n in regard to M�s��ilaneous
<br /> Proc��ds.
<br /> Borrower shall be�n defau���f any ac��on or pract�ding, wheth�r civi�or crim.�nal, zs be�un tha�, �n Lender's
<br /> judgment, c�uld resu��in farfe��ure of�he Praperty�r a�her mat�riai impairm�n��f L�nder's �nterest in�he
<br /> Property or rights under this Securi�y�nstrumen�. Barrower can�ure su�h a default and, if acc�leratian has
<br /> occurred, reinsta�e as pravided in Sectian ��, by caus�ng the a�t�on or proc��dzng tn�e dismissed with a
<br /> rul�ng�hat, �n Lender's judgment, precludes farfeiture af�he Pr�per��r�r other mater�a� impairment of
<br /> Lender's inter�st in�he Property or rights under this Security �n�trument. T`he pr�ceeds of any award ar
<br /> c�airn for damag�s that are attr�butab�e to�he impa�rment af Lender'� interest in the Property are hereby
<br /> ass�gned and sha��be pa�d to L�nd�r.
<br /> All Misce��aneflus Praceeds that are no�appli�d to res�oratian�r r�pa�r�f th�Proper�y sha�l be app��ed in the
<br /> order pravid�d for�n Sec�ion 2.
<br /> NEBRASKA-Single Family-Fanr�i�Mael�reddie Mac UNIFQRM INSTRUM�NT Farm 3�28 Z Ia1
<br /> VMP� VMP5�NE1{�30��
<br /> Wolters Kluwer Finan�ia!5er�ices Page 10�f 17
<br />
|