2� 1 ��488�
<br /> satisfact��n, pravided that such �nsp�ct�on sha�l be under�aken promp�ly. Lender may pa� far th�repa�rs
<br /> and restorat�on in a sing�e dis�ursemen�or�n a s�ries of pr�gress paym�nts as the war� is c�mpleted.
<br /> Unless an agreement is made in wr���ng�r App��cab�e Law r�quires znter�st to b�paid an such
<br /> Misce��a�.eous Proc�eds, Lender sha��not�e requ�r�d�o pay Barr��er any �nt�rest�r earnings an�uch
<br /> Misc���aneous Proceeds. �f�he res�arat��n�r repaxr�s n�t e�onomica��y f�asible�r I�ender's s�curi�y wou�d
<br /> b�lessened, the Misc��Ianeous Praceeds sha��be app�ied t� the sums secured by this Securi�y �ns�rument,
<br /> wh��her or not then du�, w��h the excess, �f any, paxd to Borrflwer. Su�h Misc��lan�ous Pr��eeds sha�� be
<br /> applied in the order provided far in Se��i�n Z.
<br /> In the ev�nt of a�ota� �ak�n�, �iestruction, or�oss in va�ue of�he Property, the M�scel�aneous Proce�ds s�aal�
<br /> be app�ied to the sunls secured by this Se�uri�y Instrument, wh��her ar not then due, w��h the�xces�, if ar��,
<br /> pa�d�� Barr�wer.
<br /> �n the e�en�of a par�ial taking, destruct�on, or loss in value of the Prapert� �n vvhich�he fair market Wa�ue of
<br /> the Proper�y xmmediately before the part�al taking, des�ruction, ar loss in va�ue is equa� to or greater than the
<br /> amaunt of the sums se�ured by �hxs Secur�ty Instrumen� immediately bef�re the partia� tal�ing, destruc��on, or
<br /> �oss in value, un�es�Bnrrower and L�nder a�herwise agr�e in writing, the sums secured by�his Securzty
<br /> �nstrum�nt shall be reduced hy the am�un�of the Mxscellaneaus Proceeds mu��iplzed by the fo��owzng
<br /> frac�ion: �a} the tota� am�unt nf�he sums secured�mmediately before th�par�ia� �akzng, d�struct�on, or loss
<br /> in Wa�ue divided by �b�the fa�r market�alue of the Proper�� �mmedia�e�y befare the part�a� �a.��ng,
<br /> destruct�on, �r��ss in�alue. An�r balance shall be paid ta Barrower.
<br /> �n the ev�nt�f a part�al �aking, d�struct�an, nr lo�s in value of the Proper�y �n which the fa�r market val.ue�f
<br /> the Proper�y im�med�atel�befare�he part�a� taking, des�ruction, or iass in value�s l�ss than the amoun�of the
<br /> sums secured�mmediatel�r hefore the part�a� tak�ng, destruc�ion, or loss in Wa�ue, un�ess B�rrower and
<br /> Lender��herwis�agree�n v�riting, th�Mis��I�an�ous Proceeds sha�l be applied to the sums secur�d by th�s
<br /> Secur�ty �nstrument whe�her or not the sums are then due.
<br /> If the Praper�y xs aband�ned by Barrower, or if, after no�ic�by Lender�o Borra�ver tha� �he�ppos�ng Par�y
<br /> �as defined in the nex� sentence} aff�rs to make an award Co se��1�a c�aim far damages, Borrower fa��s to
<br /> respond�o L�nder wi�hin 3�days after�he date the notice�s�iv�n, L�nder is author�zed to co���ct and apply
<br /> the M�scel�aneous Proceeds e��her t� res�aration�r r�pair of the Froper��or to �he sums secured by �his
<br /> Securxt�r �ns�rument, whether�r n�t then due. "apposing Party'" means �he th�rd par�y that owes Borr�wer
<br /> M�sceilaneous Proce�ds ar�he part� agains�whom Barrower has a right flf actxan in regard�o M�s�e��aneaus
<br /> Pro�eeds.
<br /> Barr�wer sha.l�be in defau�t if any action�r proceeding, whe�her c�v�� �r cr�m�nal, is begun that, �n Lender's
<br /> �udgm�nt, could r�sult in forfeiture of�he Praper�y or�th�r material irnpairmen�of Ler�der's in�er�st�n the
<br /> Prflperty or r��hts under�h�s Security Instrument. Barrower ca�cure such a d�fau��and, if a�cel�rat�on has
<br /> �ccurred, r�instate as pro�ided �n Section 19, by causxng�he a�tian or proceed�ng rn be dzsmissed with a
<br /> rul�ng that, in Lender's�udgment, precludes forfei�ure of the Prnper�y or�ther mater�a� impairment of
<br /> Lender's interes�in the Praper�y or rights und�r this Se�urity �nstrument. The proceeds of any award ar
<br /> cla�m for damages that ar�attribu�able�o the impairment af Lender's int�rest in the Praperty are h�reby
<br /> assign�d and shall be paid tfl L�nder.
<br /> A�� M�s�el�aneous Pro���ds that are not applied to rest�ration or repa�r of th� Praper�y sha�I be app�ied�n�he
<br /> ard�r prov�ded far�n Section�.
<br /> NEBRASKA-Sin�ls Family-�anni�MaelFredciie Mac UN�F�RM INSTR�JMENT Form 3��8 11Q1
<br /> VMP� VMPfitN�f t73fl2�
<br /> Wvlters Kluwer Financial Ser�ices Page 1 Q pf 17
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