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2� 1 ��8349
<br /> 1D. ASsignmen�of Miscellaneous Proce�ds; �'orfe�ture. A�( Miscetlaneous Proceeds are hereby assigned to
<br /> and sha1� be paid to Lender.
<br /> Ifthe Praperty is damaged,such Misceilaneous Proceeds shall be app�ied to restoratinn or repair ofthe Praperty,
<br /> if the res�oration �r repair is economica�ly feas�b�e an� Lender's security is not lessened. During such repair and
<br /> restara�ion period, L.ender shall ha�e the r�ght t� hoid such Miscellaneaus Pro�eeds until Lender has had an
<br /> opp�rtun�ty t� inspect such Property to ensure th� work has hee� compieted t�Lender's satisfaction, provid�d that
<br /> such inspection sha�l be undertaken pramptly. Len�er may pay tar the repairs and restara�ion in a sing�e disbursement
<br /> or in a series of pragress payments as the work is comple�ed. Unless an agreement�s made in�vri�ing or Appli�able
<br /> La�requires ir�terest to be paid on such Miscellan�ous Pr�ceed�, Lender sha�l not be required ta pay Borrower any
<br /> ir�terest or earnings on su�h Mis��llaneou5 Praceeds. lf the restoration or repair is not ecnnomically feas�ble or
<br /> Lender's security vWould be�essened, the Miscel�aneous Proceeds shall�e applied to the sums secured by thrs Security
<br /> �nstrument, whe�her or not then due, with the exce�s, �f any, paid ta Borrower. Such Miscellaneous Proceeds shall
<br /> be applied in the order pro�ided for in Sectifln�.
<br /> In the e�en�af a total taking, destructian, or l�ss in value of the Property, th�M�scellaneous Pr��eeds shall be
<br /> applied to the sums secured by �his Se�urity Instrument, wheth�r or not �hen due, with the excess, if any, paid to
<br /> Borrower.
<br /> In the event vf a partial taking, destructian, or loss in ua�ue of the Froperty �n which the fa�r market�alue of
<br /> the Property immediately hefore the par�ia�taking, destruction, or lass in vaiu�is�qual to or greater tihan the amoun�
<br /> of the sums secur�d by this Se�urity Ins�rument immediately b�for�the par�ial taking, des�ruction, or loss�n va�ue,
<br /> unless Borrower and Lender vtherwise agree in writing, the sums secured by�his Security Instrument shall be reduced
<br /> by the amaunt of the Miscellane�us Pro�eeds multipi�ed by�he foliowing fraction: �a}the total amoun�of the sums
<br /> secu�-ed immediately b�fore the par�ial taking, destruction, �r �oss�n value di�ided by�b}th�fa�r market valu�of the
<br /> Property immediately before the partial taking, destruct�on, or ioss in�aiue. Any �alance shal�be pa�d ta Barrawer.
<br /> In�he e��n� of a partial takir�g, destru��ion, ar ioss in va�ue of the Property �n wh�ch the fair market�alue of
<br /> the Property immediately b�fore th�partial taking, destr��ction, c�r �oss �n�alue is less than the amount of the sums
<br /> secured immediat�ly before the partial taking, destruc�ion, ar loss in value, unless Borrvwer and Lender otherwise
<br /> agree in�vriting, the Miscellaneaus Proceeds shail be appli�d to the sums secured by th�s Security Instrument whether
<br /> or not the sums are then due.
<br /> If the Proper�y is abandan�d by Borr�wer,�r if, after no�ic�by Lender ta Borrower�hat the�pposing Party(as
<br /> defined in the next sentence} affers to make an �.ward to settle a claim for damages, Borrower fails �a respand ta
<br /> Lender within 3�days at�er th�date�he r�otice is gi�en, Lender is authorized to collect and apply the Mis�e�lane�us
<br /> Proceeds either to restoration ar repa�r of the Pr�perty or�a the su�s secured�y this Security Instrumen�, whe�her
<br /> flr not then due. "4pposing Party" means the third party xhat owe� �3orrower Miscellaneous Proceeds or the party
<br /> against whom Borrower has a r�ght of action in regard to Misce�Ianeous Proceeds.
<br /> Borrower shall be in defau�t if any action o�°pr�ceeding, whether civil or criminal, is begun that, in Lender's
<br /> judgment, c�uld result in farfeiture of the Praper�y or other material impairment�f Lender's interest rn the Property
<br /> Qr rights under th�s Seeurity Instrument. Barrower can cur�such a defau�t and, if acceleration has occurred,reinstate
<br /> as provided in Section 1 S, by causing the action or proceeding to be dismissed with a rul�ng.that, in Lender's
<br /> �udgment, preclud�s forfeiture of the Pr�perty ar o�her material impairment of Lender's xnterest in the Property or
<br /> rights under this Security �nstrument. The pro�eeds af any award or claim for damages that are a�tributab�e to the
<br /> impairment of Lender's interest in the Praperty �re hereby assigr�ed and shall b�pazd ta Lender.
<br /> Al� Miscellaneous Pro�eeds that are no� applied to restaration or repair �f the Property shal� be applied in the
<br /> order pro�ided for in Section 2.
<br /> 11. Borrower Not Re�eased; Forbearance By Lender No#a Wai�er. Extension of the time for paym�n�or
<br /> modificatian of amortization of th�sums secured by thi� Security Inst�-ument granted by Lender to Borrower or any
<br /> 5uccessor in �nterest of Borrower shall not�perate to release the�iability of B�rrower or any Suc�essars in Interest
<br /> of Borrawer. Lender shall n�t b�required to commence proc�edings against any Successor in Interest of Borrower
<br /> or to refuse t� extend time for payment or othervvise m�dify amorti�ation �f the sums secured by this Securi�y
<br /> Instrument by reason af any demand made by the ari�inal Borru�jer or any Successors in Interest of Barrower. Any
<br /> NEBRASKA-Singie Family-UNIFaRM INSTR�MFJVT Dac�lra�fc
<br /> M�DI Fi ED F�R DEPARTMENT aF V ETERANS AFFAI RS - MERS www.docmagic.cam
<br /> (Rev. �l0�} �age 8 of �4
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