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201502877
<br /> satisfaction, provided that such ins�ection sha33 Ue undertaken promptly. Lender inay pay for the repairs
<br /> and restoratian in a sin.�le disbuxsement or in a sej•ies of progress payinents as the work is completed.
<br /> Unless an agreement is inade in writing ar ApplicaUle Law requires interest to be paid on such
<br /> Miscellaneous Praceeds, Lender shall not be required to�ay Borrower any interest or earnings on such
<br /> Miscellaneous Proceeds. If the restoration ar re�air is not econonucally feasible or Lender's security would
<br /> be lessened, the Miscellaneous Proceeds shall be applied to the suins secured by this Security I1�strument,
<br /> whether or nol lhen due, with the axcess, if any, paid to Borrower. Such Miscellaneous Proceeds shall be
<br /> applied ia�t�ae order provided for iii Section 2.
<br /> In the event of a totaI talciiig, destruction, ar lass in value of the Property, the Miscellaneous Proceeds shall
<br /> be applied Eo tl�e suins sectu-ed by this Security Iz�struinent, whether or not Chen due, with the excess, if any,
<br /> paic!to Borrower.
<br /> Iii the eveiit of a partial taking, destruction, or loss in value of th�Property in which the fair tnarket value of
<br /> the Property iirunediately befoxe the p�rtial talciiig, destruction, or loss in value is equal to or greater than the
<br /> a�i�ount of t�e suins secured by this Security Instrument izx��neciiately before the partial taking, destruction, or
<br /> loss in value, unless Barrawer and Lender otherwise agree in writing, the suins secured by this Security
<br /> Instr�unent shall be reduced by the an�ount of the Miscellaneous Proceeds inultiplied by the following
<br /> fraction: (a) the total amount of the sums secured iinmediately before the partial taking, destruction, or loss
<br /> in value divided Uy(b) tl�e fair marlcet value of the 1'roperty irrnnediately before lhe partial takin�,
<br /> destructioi�, or loss in value. Any balance shall be paid to Borrower.
<br /> In the event of a pvtial taking, destruction, or loss in value of the Pro�erty in which the fair tnarlcet value of
<br /> the Property i�nmediately before the parti�l taking, d�struction, or loss in value is less tl�an the a�nount of the
<br /> sutns secured iznmediately before the partial taking, destruction, or loss in vaiue, unless Borrower and
<br /> Lender otherwise agree in writing, the Miscellaneous Proceeds shall be applied to the sums secured by this
<br /> Seeurity Instr�unent whether or not the su�ns are fhen due.
<br /> If the Property is al�andaned Uy Borrower, or if, aft�r notice by T,ender to Borrower that the Opposing Party
<br /> {as defined in the next senlence} offers to inake an aw�rd to settle a claim for dainages, Barrower fails to
<br /> respond to Lender within 30 days a£tar tlie ciate the iiotice is given, Lender is authorized to collect and apply
<br /> the Miscellaneous Proceeds either to restoration or repair of the Property or to the smns secured by this
<br /> Security Inslrument, whether ar not then due. "Opposing Party" means the third party tl�at owes Borrower
<br /> Miscellaneous Proceeds ar tl�e p�z�ty against whoin Borro�er has a right of action in regard to Miscellancous
<br /> 1'roceeds.
<br /> Borrower shall be in default if any action or praccedin�;, whetlier civil or critninal, is begun tihat, in Lender's
<br /> judginent, could resuiti in forfeiture af the Property or other tnaterial iinpairinent of Lender's ia�terest in Che
<br /> Property or rights under this Security Instrument. Borrower cati etu e such a default�nd, if acceSeratian has
<br /> occurred, reinstate as provided in Section 19, Uy causing the action or proceeding to be disinissed with a
<br /> ruling that, in Lender's judginent, precludcs forfeiture of the Property or other�naterial impairment af
<br /> Lender's interest in the Property oz' rights under this Security Instruinent. 'I'he proceeds of any award or
<br /> claiin for dainages that are�ttributable to the im�airmcnt of Lendex's interest in the Property are hereby
<br /> assigned and shall be paid to Lender.
<br /> All Miscellaneous Proceecls fhaC are not applied to restoration or repair of the Property sha11 bc ap�lied in the
<br /> order provided foc in Sectian 2.
<br /> 2400839p
<br /> NEBRP,SKA-Single Family-Fannle MeelFreddle Mac UNIFORM II�S�RUMEN� Form 3028 1161
<br /> VM P@ VM P6(N E1{1302 J
<br /> Wolters Kluwer Financial Services Pege f0 of 17
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