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201107697
<br /> satisfaction, provided ffiat such inspec;t9on shall be undertaken promptly. Lender may pay for che repairs
<br /> and restoration in a single disbursement or in a series of progress paymevts as the wark is completed.
<br /> Unless an agreement is made in writing or ApplieablA Law requires interest to be paid on such
<br /> Miscell�meous Proceeds, Lender shall not be requi�ed to pay Borrower any interest or earnings on sucl�
<br /> Miscellaneous Proceeds. If tlie resYorltion o�ieptiir is noC economically feasible or Lender's sewrity would
<br /> bc lessened, the Miseellaneous Proceeds shalI be applied to the sams secured by Uiis Security InstrumenC,
<br /> wheCher or not then due, with[he excess, if any, paid to Borrower. Such Miscellaneous Proceeds shall be
<br /> applied in the order providecl for in Section 2.
<br /> In lhe event of a toCal taking, destruction, or loss in value nP the PropeMy, the Miscellaneous Proceeds shall
<br /> be applied to tlie sums secured by Chis Security Instnunent, whether or not then due, wifh the exeess, if any,
<br /> paid to Borrower.
<br /> In the event of a parCial taking, destruction, or loss in vulue of Chc Peoperry in which Clie fair market vtilue oY'
<br /> the ProperCy immediately Uefore the partial taking, destruction, or loss in value ie equal to or greater than the
<br /> amounC of the sums seoured by this Security InsCrument immediately before the partial takiiig, desCruetion, ar
<br /> loss in value, unless Borrower and Lender otherwise agree in wxiting, the sums secured by Yhis Seeuriry
<br /> Instrument sliall ve reduced by tfre amounf af the Miscelluieous Proceeds multiplicd by fhe following
<br /> fraction; (a) the total amount of the sums secured immediately before the partial takiog, deshuction, or loss
<br /> in value divided by{b) the Pair market value of the Property immediately bePore the partial taldng,
<br /> destrucCion, or loss in value. Any balance shall be paid Co Borrower.
<br /> In the evenc of a partial taking, deatTUCtion, or loss in value of[he Property in whicli the fair markcC value of
<br /> Che Property immediately before the parCial Caking, destruction, or loss in value is less than Che amounC of the
<br /> sums secured iiruvediately before Che partial taking, destruction, or loss in value, unlcss }3orrower and
<br /> Lender otheiwise abrec in writing, the Miscellaneous Proceeds shall be applied Co ihe sums secured by this
<br /> Security InstrumenC whether ar naC tlie sums a�e then due.
<br /> If Yl�e Propeitp is abandoned by Rorrower, or if, after notice Uy Lender to Borrower ihat the Opposing Pnrty
<br /> (2s defined in the next sentence) offers Co make an award Co settle a claim Por damagea, Borrowec fa3ls to
<br /> respond to Lende� within 30 days aftei the date[he notice is given, Leader is auChorized[o collect n�id apply
<br /> fhe Misaellaneous Proceeda eitlier to restoration or repair of the ProperCy or to tlie sums suured by lhis
<br /> Security Instrimient, whefher or not then due. "Opposing Party" me�me the third parCy that owes Borcower
<br /> Miscellaneous Proceeds or the party against whom Borrower has a ri�hC of ac[ion in regard to Miscellaneous
<br /> Proceeds.
<br /> Borrower shall be in default if any ae[ion or proceeding, whether civil or criminal, is Ueguu that, in Lendcr's
<br /> judgment, eould result in forfeiture of the Property or other material impaiiment of I.ender's intcresC in Cha
<br /> Properry or rights wider this Security Instrument. Borrower ean eure snch a def2ult and, if accaleration lias
<br /> occurred, relnstate as provided in Sectioo I9, by eausing Ylie letion or proc;eeding to be dismisaed wiCh a
<br /> ruliixg tl�at, in Lender's judgmant, precludes forfeituie of the Property or oChex maCerial impaiemeut of�
<br /> Levdet's interest in the ProperCy or rights under this Security InsCrument. The prooeeds of uiy award or
<br /> claim Por damages thaC are attributable to Yhe inipairment of Lender's interest in the Property are hcreby
<br /> assigned and shall Ue paid to Lender.
<br /> All Miscellanaous P�roceeds that are not applied Co resCOration or repair of the Property shall be applied in the
<br /> order provided for in Sec[ion 2.
<br /> 2311�6
<br /> NEBRASKA-5'm511e Femlly-Fannle Mae/Froddle Mao ONIFOPM INSTRUMENT Form 3028.1lOi
<br /> VMP� VMP6INE�(1105)
<br /> Woltors ICluwar Rnanoiel Servloes Page 10 of 1]
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