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20i101020
<br />completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender
<br />may pay for the repairs and restoration in a single disbursement or in a series of progress payments as
<br />the work is �ompleted. Unless an agreement is made in writing or Appiicable Law requires interest to be
<br />paid on such Miscellaneous Proceeds, Lender shail not be required to pay Borrower any interest or
<br />earnings on such Miscellaneous Proceeds. if the restoration or repair is not economically feasible or
<br />Lender's security would be lessened, the Miscellaneous Proceeds sfiall be applied to the sums secured
<br />by th+s Security Instrument, whether or not then due, w+th the excess, if any, paid to Borrower. Such
<br />Miscellaneous Proceeds shali be applied in the order provided for in Sec�on 2.
<br />In the event of a total taking, destreaction, or loss in value of the Property, the Miscellaneous
<br />Proceeds shail be applied to the sums secured by this Security Instrurr►ent, whether or not then due, with
<br />the excess, if any, paid to Borrower.
<br />!n the event of a partial taking, destruction, or loss in value of the Pmperly in which the fair
<br />market value of the Property immediately before the pafial taking, destruction, or loss in value is equal to
<br />or greater than the amount of the sums secured by this Security Instrument immediately before the partial
<br />taking, destruction, or loss in value, unless Borrower and Lender othenNise agree in writing, the sums
<br />secured by this �ecurity Instrument shall be reduced by the amount of the IVliscellanea�s Proceeds
<br />multiplied by the following fraction: (a) the total amount of the sums secured immediafely before the
<br />partiat taking, destniction, or loss in value divided by (b) the fair market value of the Prop+erty immediately
<br />before the partial taking, destruction, or loss in value. A�y balance shall be paid to Borrower.
<br />!n the event of a partial taking, destruction, or loss in vatue of the Property in which the fair
<br />market value of the Property immediately before the partial taking, destruction, or loss in value is less
<br />than the amount of the sums secured immediate)y before the partial taking, destruction, or loss in value,
<br />unless Borrower and Lender othervvise agree in writing, the Miscellaneous Proceeds shall be applied to
<br />the sums secur� by this Security Instn.+ment w�ether or nat the sums are then due.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the
<br />Opposing Party (as defined in the next sentence) offers to make an award to settle a daim for damages,
<br />Borrower fails to respond to Lender within 30 days after the date the notice is given, Lender is authorized
<br />to collect and apply the Miscellaneous Prooeeds either fo restoratian or repair of the Properly or to the
<br />sums secured by this Security fnstrument, whether or not then due. °Opposing Party" means the third
<br />party that owes Borrower Misceltaneous Proceeds or the party against whom Borrower has a right of
<br />action in regard to Miscellaneous Proceeds.
<br />Borrower shall be in default if any action or proceeding, whether civil or aimina(, is begun fhaf, in
<br />Lender's judgment, could result in forfeiture of the Property or other material impairment of Lender's
<br />in#erest in the Property or rights under this Security Instrument. Borrower �n cure such a default and, if
<br />acceleration has occurred, reinstate as provided in Section 19, by causing the action or proceeding to be
<br />dismissed with a ruling that, in Lender's judgment, predudes forfeiture of the Property or other material
<br />impairment of Lender's interest in the Property or rights under this Security Instrument. The proceeds of
<br />any award or daim for damages that are attributable to the impairment of Lender's interest in the Property
<br />are hereby assigned artd shaN be paid to Lender.
<br />All MisceNaneous Proc�eds that are not apptied to restoration or repaK of the Property shall be
<br />appfied in the orcter provided for in Section 2.
<br />12. Borrower Not Released; forbearance By Lender Not a Waiver. Extension of the time for
<br />payment or mod�cation of amortization of the sums secured by this Security Instrument granted by
<br />Lender to Borrower or any Sucxessor in Interest of Borrower shaH not operate to release the liability of
<br />Borrower or any Successors in Interest of Borrower. Lender shall not be required to commence
<br />proceedings against any 5uccessor in Interest of Borrower or to refuse to extend time for payment or
<br />atherwise modify amortization of the sums secured by this Security Instrument by reason of any demand
<br />rnade by the original B�rrower or any Successors in Interest af Borrower. Any forbearance by Lender in
<br />exercising any right or remedy including, without limita6on, Lender's acceptance of payments from third
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<br />* 3 O O � 1 4 4 2 8 5� * M C M D O T*
<br />NEBRASKA--Single Famity-Fannie MaelFreddis Mac UNIFORM INSTRUMENT Form 3628 1I01 (page 8 of 14 pages)
<br />MoRgape Cadencs, LLC � 3027 02/�
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