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201107695
<br /> satisfaction, provided that such inspection shall be undertaken pcomptly, Lender may pay for the repaiirs
<br /> and rastoration in a single disbursement or in a series of progress paymenCS as the work is completed.
<br /> Unless an agreement is cnade in wriCing or Applicable L.aw requires interest to be paid on such
<br /> Miscellaneous Proceeds, Lender shall not be required to pay Borrower any interest or earnings on such
<br /> Miscellaneous Proceeds. If the restoration or repair is not eeonomically feasible or Lender's security would
<br /> be lesseved, the Miscellaneous Pxoceeds shall be applied to the sums secured by tl�is Security Insuument,
<br /> whether or not then due, wifh the excess, if any, paid to Borrower. Such Misccllaneous Pioceeds shal] bc
<br /> applied in the order provided for in Seetion 2.
<br /> In the evenC of a Cot'al taking, desC�ucCion, or loss in value of the Prope�Cy, the Miscellaneous Procaeds shall
<br /> be applied to the suma secured hy thie Security Instrumenr, whether nr noC then due, with the excess, if any,
<br /> paid to Boirower.
<br /> Tn ehe event of a partial taking, destructiou, or loss in value of the Properry iv which the fair mnrket value of'
<br /> the Property inunedintely Uefore the paxtial taking, destruction, or loss iu value is equal to or greater th�u� tl�e
<br /> amount of the sums secured bp this Security Instrunient itnmediately before the partial taking, destruction, or
<br /> ]oss in value, unless Borrower and Leuder otherwise agree in wxiting, the sums secured by chis SecuriCy
<br /> InsCrumenC shall be redueed by the amount of the Miscellaneous Proceeds multiplied Uy tlie following
<br /> fraction: (a) tlie total unotmC of the sums secured immediately before the partial taking, destruetion, or loss
<br /> in value divided by (U} [he fair market vfilua of[he Property iiwnediately befora the partial takiiig,
<br /> destruccion, or loes in value. Any balance shall be paid to Borrowe�.
<br /> In the event of a partial taking, desti�acCion, or loss in value of die Property in which the fair marlcet value c�f
<br /> the Prope�ty innnediaCely before the pactial taking, destruceion, or loss in value is lcss Chan thc amouot oP fha
<br /> sums secured unmediaCely before thc parCial Caking, deslrwction, or loss in value, unless Borrower aad
<br /> Lender otherwise agree in writing, the Miscellaneous Proeeeds shall be applied to the sums secured by tliis
<br /> Seeurity Instrument whetlier or not the sums are tl�en due.
<br /> I�P Che Property is abandoned by I3orrower, or if, after noCice by I,ender to Borrower that the Opposing ParCy
<br /> (as defined in the next sentencej ofFers ro make an award Co seYCle a claim foi damages, Borrower Pails eo
<br /> respond to Lender within 30 days after the date the notice is given, Leuder is authorized to calleut tmd apply
<br /> the Miscellaneous Proceeds either to restoration or repair of the Property or to thc sums secured by this
<br /> SecuriCy Instrument, wliether oi not then due. "Opposing Pacty" meu�s flie third party that owes Borrower
<br /> Miscellaneous Proceeds or the party aglinst whom Borrower has a right of action in regar�l to Miscellane�us
<br /> Proceeds.
<br /> Borrower shall be iu default if any action or pmceeding, whether civil or cruninal, is begun tl�at, in Lender's
<br /> judgment, could result in tbrfeitura of[he Pioperty oi othee uiaterial imp:iinnent of L,ender's interest in tl�e
<br /> Propecty oc rights under this Security Insh•unient. Borrower can oure such a default and, iP acceleration has
<br /> occurred, reinstaCe as providcd in SecCion 19, by causing Che action or proceeding Co be dismissed with a
<br /> ruling chat, in Lender's Judgment, precludes forfei[ure oP the Property or oChee maCerial impainnenC of
<br /> Lender's inCerest in the PcoperCy or rigliYS twdei this Security Instrument. The proceeds of any award or
<br /> claim for d2mages that<ae atttibuttiUle to the imptiinnent of Lender's interest in the Property are hereby
<br /> assigned and shall be paid to Lender.
<br /> All Miscellaneous Proceeds that are not applied to restoration or repair oP the Property shall be applied in Chc
<br /> order provided for in Seccion 2.
<br /> 231189
<br /> NF9RASKA-SinBlo PamilyFannio Maelf-reddle Mac 11NIFORM INSTqUMENT Form 3028 1lOt
<br /> VMP� VMPBWE�(7106)
<br /> WolLnrx Klawar Finnncial 9ervlcea Page 10 of 1]�
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