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2� 1 ��7751
<br /> satisfaction, pro�ided tha�such insp�ctian shal�be und�r�aken pram.pt�y. Lend�r may pay far the repairs
<br /> and restorat�on in a single d�sbursemen�or in a�eries�f pr�g��ss payments as th��ork is comp�e�ed.
<br /> U'n�ess an agreem�nt is made in writing or App��cab�e Lavv r�qu�res�nt�r�s�to be paid on such
<br /> M�scel�ane�us Proceec�s, Lender shal�nat be r�quxre�.�o pay Barrow�r any zn��r�s�ar earnings�n such
<br /> N�zsc��lane�us Pr�ceeds. �f the r�storatian or repa�r zs nat econ�m�ca��y feas�b�e or Lender's security w�uld
<br /> be�essen�d, the Misce�lane�us Pr��eeds sha���e appl��d�� �h�sums secured by this Secur�ty �nstrurr��nt,
<br /> v�heth�r or no�then due, �ith the excess, if any, pa�d t� B�rrower. Such M�sce��anenus Proceeds shall be
<br /> appl�ed in t�e order prov�ded for in Sect��n 2.
<br /> �n�he e�ent of a tatal takzng, destruction, or�oss zn va.�ue of the Praper�y, the M�sc���a.ne�us Pr����ds shal�
<br /> be app�ied�o th�sums se�ured b��his Securi�y �nstrument, whether or nat then due, ��t.�the ex�ess, if any,
<br /> pazd ta B�rrower.
<br /> �n�h�event�f a partia� tak�ng, destruction, or�oss in�a�u��f t�i�Prop�r�y in which�he fa�r mark���alu��f
<br /> �he Pr�pert�r �mmediate�y�aefore the par�ia� �aking, destruc��on, or loss in�alue is equa� to or greater than the
<br /> amoun�af the sums secured by�his Security�nstrumen�immed�ate�y bef�re the partia� tak�ng, destruc�ion, or
<br /> loss in va.�ue, unless Borrower and Lender otherwis�agr�� �n wr���ng, �he sums secured b� this SeCur�t�
<br /> Instrum�nt shall be reduced by th�arnoun�of�he Miscellaneous Pr�cee�.s mu��ipli�d by �he f�l�owing
<br /> fraction: �a}�he�o�al amount of the sums se�ured immed�at��y before the par�ial taking, �es�ruction, or 1Qss
<br /> in�a1ue divided by �b} �he fair market va�ue af�he Pr�per�� immed�ate�y�ef�r��he par��al taking,
<br /> destruc�ian, or los�in va�ue. An�balance sha�.� be pazd�o Barrvwer.
<br /> �n the even�of a par�ial taking, destruction, or��ss �n va�ue af the Prop�rt� in vvh�ch t.h�fair market Wa�ue of
<br /> the Propert�r�mmedia�ely befare th�partia� �aking, des�ruct��n, ar Ioss in�alue�s �ess �han the amount of the
<br /> sums secured�mmedia�ely befor�the part�a� �ak�ng, des�ruc��an, �r loss in�aiue, unl�ss Borrawer and
<br /> Lend�r otherw�se agre�in v�r�ting, the Misce��ar�eous Pr�ceeds shall b�app�ied ta the sums secur�d by �his
<br /> 5ecuri�y�nstrument whe�her ar na��he sums are then due.
<br /> If�he Pr�perty is a�andaned�y Borr�wer, ar zf, after n�ti�e by Lender�o Borr�wer that the�ppas�ng Par�y
<br /> �as def�ned xn the n�xt sen�ence} offers�o make an award t� s�t�le a�la�rn for damag�s, B�rrow�r fai�s to
<br /> respond to�.end�r within 3a days aft�r the dat�the n�t�ce�s gi�en, Lender�s authariz�d t�co�lect and app�y
<br /> �h� Mis�elianeous Pr�ceeds e�ther�o restorat�on or repair of th�Pr�per��or t� the sums secur�d by th�s
<br /> SeGurity Ins�rum�nt, wh��h�r or not�hen due. "C�pp�s�ng Par�y" means th��hird party that�vves Borr�wer
<br /> N�zscellaneous Proceeds ar�h�par�y against vvh�m Borrawer has a r�gh�of ac��on in regard to Misce�Zaneous
<br /> Froce�ds.
<br /> Borravver�hal� be�n defau��if an� actian ar proce�d�ng, v�h�ther civ��or cr�nl�na.�, �s b�gun that, zn Lend�r's
<br /> judgmen�, �auld result in f�rf���ure of the Proper�y or�th�r material im.pa�rment of L�nder's �nterest zn�he
<br /> Proper�y or r�gh�s under�h�s Securi�y Instrument. Barrower can�ure such a d�fau��and, �f acc��era�ian has
<br /> occurred, reinstate as pro��ded in 5����a� 1�, by causing the ac��on or proceeding to be dxsm.issed with a
<br /> ruling that, in Lender's�udgm�nt, precludes forfeiture of�he Property ar�ther material impa�rment of
<br /> Lender's interest in�he Prop�r�y ar rights under�his Security �ns�rument. The pr�ceeds of an�av�ard ar
<br /> ��aim for damages �hat are attr�bu�ab�e t��he�mpairment of L�nder's �nteres�zn th�Proper�y are hereby
<br /> assigned and shall �e paid ta Lender.
<br /> A�1 Mis����an��us Proceeds that are n�� app���d t�r�s�a�a�i�n ar repair�f the Proper�y sha�i be app�ied in the
<br /> ord�r pro�ided far �n Sec�ion 2.
<br /> NEBRASKA-Single Family-Fannie MaelFred�iie Mac UNIFnRM INSTRl3MENT Form 3�28 110i
<br /> VMP� VMPStNEf�13a2f
<br /> Wo�ters Kluwer Fir�ancial 5er�ices Page 1��f 17
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