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201108171
<br />campleted to Lender's satisfaction, provided that such inspe�tian shall be undertaken promptly. Lender
<br />rnay pay fc� the repairs and restarafion in a single disbursement ar it� a series of progress pa}�mer�ts as
<br />the rwork is campleted. Unless an agreement is made in writing or Appticable Law requires interest to I�e
<br />paid � such Misc�llaneous Pr�eds, Lender shatl not be rec}uired ta pay Borro�nrer any interest or
<br />eamings on such Miscellaneous Praceeds. If the restoratian or repair is nc�t economicaRy feasible or
<br />Lender's security �arould be lessened. #he MisceUanenus Prnce�ds shaU be a{�plted to the sums sec�ured
<br />by this Securiiy Instrument, whether or not then due, with the excess, if any, paid to Borraarer. Such
<br />M�Ilan�s Proceeds shaU I� applied in the order provided for in Secfia� 2.
<br />in the event of a total taking, destruction, or loss in value of the Praperty, the Miscelianeous
<br />Procseds shau r� appli�d ta tk�e suums ser��ed by tnis s�c+,cit�►l►�stru,�n�c�t, v�tr}ec ��v# �hen d�,�, wi#�
<br />the excess, if any, paid to Borrower.
<br />Ht the event of a partiai taking, destruction, ar loss in value of tMe Rrc�erEy in �hic;h ths f�air
<br />market value of the Property immediately before the partial taking, destruction, or loss in value is equai to
<br />o� geea#er tl�afl the arnou�fi o� � sur�rs seetrfied by �ris Seeur+fy It�s��er�� irr�rrredi�#e{y before �e parEiat
<br />taking, destructiort, or loss in vatue, unless Borrowrer and Lender othenNise agree in vvriting, the sums
<br />secured by this Security t�merrt shait be reduced by the amount o# the Misc�f#arr�oas f'roc�eds
<br />multiplied by the foHowing fractiort: (a) the tataf amount of the sums secured immediatefy trefore the
<br />p=a�l takk'trrig, d�ss�ueti�rf, vr 4oss it� vatue divided b�r (b) the fai� �rarket vafue o€ �ie PfoRerty it�rnedia#el�
<br />before the partial-taking, destruation, or loss in value. Any balance shall be paid to Borrower.
<br />Irt the event af a partfa{ taking, tJestrt�an, or i�ss in valua af ttte Rrope€ty in w�tich the fa€r
<br />market value of the Property immediately before the partia{ taking, destrvction, ar loss in vaiue is less
<br />�k►a� t#ie arrnwnt a# the s�s �cured i�mediatel� be#ue the par�ia! takir�}, destru�ti�, or loss in value.
<br />unless Borrower and Lender otherwrise agree in wrriting, the Misce(laneaus Proceeds s�atf be applied to
<br />the sums sect�ced by this Security Instrum�t v�hett�er or not the siams are then due.
<br />tf the Praperty is abandoned by Borrower, or if, after nofice by Lender to Borrower that the
<br />�paosing Party {as defned in the r�ext sentenc�) nffers ta make an a�nrard ta settle a� for damages,
<br />�ower fails to respand to Lender within 30 days after the date the notice is given, L�nder is authorized
<br />to collect ac►d appty #he AAiscellaneous Proceeds either #o Eestoration or repair of the Propecly ar to #he
<br />sums secured by this Security Instrument, ra�hether or not then due. °Opposing Party" means the third
<br />flartY that �rtres Bo�ovv� �scellaneot�s Prcaceeds t3r th� par�y against v�tu�►� Ha�cwver #�as a tight of
<br />action in regard to Miscellarteews Proceeds.
<br />Borrc�wr�r stta{# be in default i€ any aetion or ��eeedirt�, wrheth�r eivil or t�minal, is t�egun that, in
<br />Lender's judgment, could result in forFeiture of the Property or other material impairment of Lende�s
<br />irttefest ir� fhe P�perty or rri�ghts andef ttris Seeu�r t�s�,rrv�er►t. BoFroweF ear� Eure s�e#r a defaut� ar�r�, �€
<br />acxeferation has occurred, re'rrtstate as provided irt Section 19, by causing the action or proceeding to be
<br />dismissed vvith a rufirtg tfiat, in Lertder's judgment, predudes fiorFeiture of tfie Property ar other mat�riat
<br />impairment of Lendet's interest irt the Property or rights under this Security Instrument. The proceeds of
<br />a�y awar�t or elairfl €or dar�ages i�af afe a#�ibutable to fiF�e irrtpairt��� o� Leriider's ir�tefiest irt ttie Pr-oper#y
<br />are hereby assigrted and shall be paid ta Lertder.
<br />AII 11�iscellane�vus P�oce�effs that are not ap�ie�i to r�stora�ion or re�pair a� the Prope�y shaH be
<br />appiied in the arder provided for iR Secfion 2.
<br />42. Bo�owe� Not Releas�#; �'orbeafar��e � Lender Not a Waiv�. E�ensia►� af #he time for
<br />payment or motiification of amartization of the sums secured by th�s Security Instrumsnt granted by
<br />Lentler to 8orrov�rer cu any Sucr�ssoc i� 1�#eres# of Ba�ra�rer sh�N r�at c>perate to �elease the liability o#
<br />Borrower or any Successors in Interrest of Borrower. Lender shall not be required to commenc�
<br />ptcu�edi�gs agaanst any Su�or in Interest u# 6nrrawer nr ta refu�e #n extend time #ar {�ayment cu
<br />othenaise modify amortizatian of the sums secured by this Security instrument by reason of any demand
<br />made by the arigin�! BQrru�ntec cu ar}y Suct�ssars ir} ln�eres# of Bo�rauuer. Any fo�bea�arx� by L ic�
<br />exerc,ising a�y rigt;t or remedy ir�cluding. �nrit�t4u# G�#a#ion, �Ler�der's acce�#a�ce n# payment,�o ir .
<br />�* 3 O O O 1 6 9 9 7'i �
<br />NEBRASKA—Single Famfly-Fannie AAae/Freddie Mac UNIFORM INSTRU�IEPIT
<br />Flnale Document Services � 3027 02706
<br />* M C IK D O T�*
<br />Form 3028 1/07 (pege 9 of 14 pages)
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