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202503376 (c) Application of Miscellaneous Proceeds upon Condemnation, Destruction, or Loss Value of the Property. In the event of a total taking, destruction, or loss in value of the all of the Miscellaneous Proceeds will be applied to the sums secured by this Security Instrument in whether or not then due, with the excess, if anProperty, In the event of a partial taking,Y, paid to Borrower. ty Devaluation") where the fair arkettival en�ofrthe sPoperty in value immed immediately before "Partial Devaluation is equal to or greater than the amount of the sums secured by this Securityf the Property (each, aInstrument immediately before the Partial Devaluation, a percentage of the Miscellaneous Proceeds the Partial applied to the sums secured by this Security Instrument unless Borrower and Lender Iosteuwent agree in writing.reds will be The amount of the Miscellaneous Proceeds that will be so applied is determined by multiplying the total amount of the Miscellaneous Proceeds by a percentage calculatedotherwise (i) the total amount of the sums secured immediately before the Partial Devaluation, and by (ii) the fair market value of the Property by taking balance of the Miscellaneous Proceeds will be paid to Borrower. ately before the Partial Devaluation. Any it In the event of a Partial Devaluation where the fair market value of the Any before the Partial Devaluation is less than the amount of the sums secured immediately Partial Devaluation, all of the Miscellaneous Proceeds will be applied to the sum ese immediately byateis Security Instrument, whether or not the sums are then due, unless Borrower and Lender before the agree in writing. cured the ot (d) Settlement of Claims. Lender is authorized to collect and apply the Miscellaneous P oceede either to the sums secured by this Security Instrument, whether or not then due, or to restoration repair of the Property, if Borrower (i) abandons the Pro aroceeds within 30 days after the date Lender notifies Borrower that the O nednor next sentence) offers to settle a claim for damages."Opposingpe or (ll) fails to respond to Lender next Borrower the Misce tle a cous imPror m the artppy" m ansnrty as defined in the hat actow on in regard t t tee Miscellaneous Proceeds.or ain Party" Borrower the third party that f party against whom has a right of (e) Proceeding Affecting Lender's Interest in the Property. Borrower will be in Default if any action or proceeding begins, whether civil or criminal, that, in Lender's judgment, could in forfeiture of the Property or other material impairment of Lender's interest in the rights under this Security Instrument. Borrower can cure such a Default and, if acceleration result occurred, reinstate as provided in Section 20, bygtProperty or with a ruling that, in Lender's judgment, precludes forfeiture of the Property or otherer mat has impairment of Lender's interest in the Property or rights under actione or proceeding to be dismissed is unconditionally assigningd' ntos Lender theroproceeds of anythis material attrbutable impairment of LeLender interest the Property,award orrcclai Inrument. in award claim for damages thatpareo Lender. All Miscellaneous Proceeds that are not applied to restoration or repair of will be applied in the order that Partial Payments are applied in Section 2hbch proceeds will be paid to 13. Borrower Not Released; Forbearance by() the Property Successor in Interest of Borrower will not be released from liability under this Security Lender Not a Waiver. Borrower or any if Lender extends the time for payment or modifies the amortization of the sums secured Security Instrument. Lender will not be required to commence proceedings against anySucbycessor Instrument in Interest of Borrower, or to refuse to extend time for payment or otherwise modify iz this of the sums secured by this Security Instrument, by reason of any demand made byt Su original Borrower or any Successors in Interest of Borrower. Any forbearance by Lender in exercising emortigaany right or remedy including, without limitation, Lender's acceptance of payments from rde original entities, or Successors in Interest of Borrower or in amounts less than the amount then d,il ot be a waiver of, or preclude the exercise of, any right or remedy by Lender. third persons, e, will not NEBRASKA - Single Family- Fannie Mae/Freddie Mac 41NIFORM INSTRUMENT FORM 3028 7/21 Laser Forms Inc. #FNMA3028MERS 7/2�1afs s✓ s Page 13 of 21 1� �ll L_ 11" .' NRI