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<br /> lU. Assignment of Misce�laneous Proceeds;Forfei�ure. All Miscel�an�ous Proceeds are hereby assigned tfl
<br /> and shall be paid to Lender.
<br /> if the Prope�ty is damaged,such Miscellaneous Proceeds shall be applied ta restoration or repair of the Pr�perty,
<br /> if the restorativn or repair is economically feasible and Lender's security rs nut lessened. During such repair and
<br /> restoration period, Lender sha11 ha�e the right to hold such Miscellaneous Prac�eds unti 1 Lender has had an
<br /> opportunity to inspect such Property to ensure the wvrk has been completed to Lender's satisfaction, pro�ided that
<br /> such inspection shall be und�rtaken pramptly. Lender may pay for�he repairs and r�storation in a single disbursement
<br /> or in a series of progress paym�nts as the work is completed. L1nless an agreement is made in writing or Applicable
<br /> Lar�requires interest to be paid on such Miscellaneous Pro�eeds, Lender sha�1 not be required to pay Borr�wer any
<br /> interest or earnings on such Miscellaneous Proceeds. If the restoratian or rzpair is not economically feasible or
<br /> Lend�r's security would be less�ned,the Misceilaneous Pr�ceeds shall be applied ta the sums secured by this Security
<br /> Instrumen�, whe�her or not then due, with the excess, if any, paid tn B�rrawer. Such Mis�ellaneous Praceeds shall
<br /> be appZied in the arder pro�ided far in Sectian 2.
<br /> In the e�ent of a total taking, destruction, or loss in�alue flf the Property, the Miscel�aneous Praceeds shall be
<br /> applied to th� sums secured by �his Security Instrument, whether or not then due, with the ex�ess, if any, paid to
<br /> Borrower.
<br /> In�he e�ent�f a partial taking, destruction, ar l�ss in�alue of the Property in which the fair market value of
<br /> the Property immediateiy before the partial taking, destruc�ion, or toss in�aiue is equal ta ar greater than the amount
<br /> of the sums secur�d by�his Security Instrument immediately before the partial taking, destruction, or loss in�a�ue,
<br /> unless Barrower and L�nder otherwise agree in writing, the sums secured by th�s Security Instrument sha��be reduced
<br /> by th�amaunt of the Miscellaneous Froceeds multiplied by the foliowing fraction: �a}the tota� amount af the sums
<br /> secured immediately b�fore the partial taking, destruction, or�oss in�alue di�i�ed by�b}the fair market�aiue of the
<br /> Property immediately before the partial taking, destructi�n, or loss in�alue. Any balance shall be paid to Borrawer.
<br /> In the e�ent of a partial taking, destruction, or loss in�alue af�he Property in which the fair market�alue of
<br />� the Property immediately before the partial taking, destruction, or loss in�alue is less than the amount of the sums
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<br />� secured immediately before the partial taking, destructian, or loss in�alue, un�ess Borrower and Lender atherwise
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<br />; agree in writing, the Miscellaneaus Proceeds shall be applied tfl the sums secured by this Security�nstrument whether
<br /> or not�he sums are then due.
<br /> If th�Property is abandoned by Borrower,or if, at�er notice by Lender ta Bflrrovver that the�pposing Party�as
<br /> defined in the next sentence} offers to make an award tfl settle a claim for damages, Borrvwer fails to respand t�
<br /> Lender within 3�days after the date the notice is gi�en, Lender is authorized t�collect and apply the Miscellaneous
<br /> Proceeds either to restoration or repair of the Property or to�he sums secured by this Security Instrument, whether
<br /> ar no�then due. "Qpposing Party" means the third party �hat awes Borrow�r Miscellaneous Praceeds or the party
<br /> against whom Barrower has a right af action in regard to Miscellaneous Proceeds.
<br /> Borrawer shall be in defaul�if any action or proceeding, whether ci�il or criminal, is begun that, in Lender's
<br /> judgment, could result in forfeiture�f the Property or other material impairment of Lender's interest in the Property
<br /> or rights under this Security�nstrument. Borrower can cure such a defau�t and, if acceleratian has occurred, reinstate
<br />, as pro�ided in Secti�n I8, by causing the action or proceeding to be dismi.ssed with a ruling that, in Lender's
<br />� judgment, precludes forfeiture of the Froperty or other material impairment of Lender's interest in �he Property or
<br /> rights under this Security Instrument. The praceeds of any award or claim far damages that are attributable ta the
<br />� impairm�nt of Lender's �nterest in the Property are hereby assigned and shall he paid to Lender.
<br /> All Miscellanevus Proceeds that are not applied to restoration vr repair af the Property sha11 be applied in the
<br /> order pro�ided for in Section 2.
<br /> 11. Borrower Not lteleased; Forbearance By Lender Not a�Vai�er. Extension of the time far payrr�ent or
<br /> modif cation pf am�rtizatian of the sums secured by this Security Instrument grant�d by Lender to Sorrower or any
<br /> Successor in Interes�of Borrow�r shal� not operate ta r�iease the liability of Borrawer or any Successors in Interest
<br /> of Barrawer. Lender shall not be required to commence pro�eedings against any Successor in Interest of Borrower
<br /> vr to refuse to extend time for paymen� or otherwise modify amortization of the sums secured by this 5ecurity
<br /> I.ns�rument by reason of any d�mand made by the original Borrower or any Succ�ssors in Inferest of Borrower. Any
<br /> NEBRASKA-5ingle Family-UNIF�RM INSTRUMENT DocM�glc
<br /> MQD�F�Ea F�R DEPARTMENT �F VETERANS AFFAIRS - MERS www.docmagic.cvm
<br /> (Rev. 11�1} Page 8 of 14
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