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201108442
<br /> satisfactioil, provided tllat such inspection shall Ue undertalce��romptly. Lencler inay pay for the repairs
<br /> and r•estoration i�i a si�igle disbtiu•sement or in� series of progress paynzents as the worlc is co�npleted,
<br /> Unless an agreeinent is macie ui writing or Applicable Law requires inierest to ve paic�on such
<br /> Miscellaneous Proceeds, Lender sha11 nof Ue reqtiired to pay Borrower any interest or elrnings on sLich
<br /> Miscelllueot�s Proceeds. If the restoration or repair is not econoinically feasible or Lender's secttrity woi�lcl
<br /> be lessened, the Miscellaneous Procee�ls sha11 be applied to the sui�s secur•ed'Uy this Security Tnstrumen�,
<br /> whether or not then c�ue, with the excess, if any, paid to Borrower. Such Miscell�neo�is Proceeds shall Ue
<br /> applied in the oz•der provided for u1 Section 2.
<br /> In the evei7t of a total t�lcing, destruotion, or loss in value of the P�•opaity, the Miscell�neous 1'roceeds s1ia11
<br /> be ap�lied to t11e stuns sectii�rec�by this Sectu•ity Instrlunezlt, whether or not tlien due, with the�excess, if any,
<br /> paid to Borrower.
<br /> In the event of a partial talcing, destruetion, or loss in value of the Property in whiclz the fair 1i1ar1cet value of
<br /> Ehe Property im�necliately before the partial talcing, destructiorz, or loss��ul value is eqtit�l to or grea.ter tha�i the
<br /> amount of the suiils secured l�y thie Security Instrument iilimediately beFore the partial taking, destruction, or
<br /> loss in value, unless Borrower and Lender otherwise agree in writing, the suins secured Uy this Security
<br /> Instriunent shall be reduced by tho amount of the Miscellaneous T'roceeds�nultiplied�y�he following
<br /> � fractiion; (�) the total amoluit of tlie sums secured inunedi�tely before the partial talculg, destructioii, or loss
<br /> in valae divided by(b) the faii•marlcet value o�'tlie Property iirunediately before the pa1•tial talcing,
<br /> destruction, or loss iiz value, Ariy balance shall be paid to Bori•ower.
<br /> Tiz the�event of a p�tial talcing, destruction, or los� iu value oF the Property in which the fair ma114et value of
<br /> th0 Pro�erty irrunediatel�bafore the pat•tial tal�i�zg, destru�tion, or loss u1 value is less than tlie a�llount of the
<br /> suins secured i�nediately before the�artial talciiig, destruction, or loss in value, unless Borrower and
<br /> Leizder o�herwise agree in writi�ig, the Miscellaneous Pi•oceeds shall be applied to the sttins secured by this
<br /> Security IristrLUiietrt whether or not the sLUns ar°e then dae.
<br /> IF the Property is aliandoneci by Borrower, or if, after notice l�y Lender to Borz•ower that the Opposing Party
<br /> (as defined in tha next senteiice) offers to malce an award to s�'ttle a cl�im for damages, Borrower fails to
<br /> respond to Lender within 30 days�fter the date the notice is given, Lender is authorized to collect and ap��ly
<br /> the Miscellaileous Proceecls eitllei to restoration or re��ir of the Property or to tlie sums secured Uy tliis
<br /> Security Ii�strument, whetl7er or not then dLie. "Opposing Party" ineans the thircl party that owes Borrow�r
<br /> Miscell�neous Proceeds or the party against whom Borrower 11as a right of action in regard to Miscell�neous
<br /> Proceeds.
<br /> Borrower shall be ii1 defaul't if a��y action or proceedi�ag, whether civil or criininal, is bagun tllat, in Lender's
<br /> jud�inent, could result in forfeittiue of�the Property or�other material impaii�inent of Lander's inti�rest in the
<br /> Property or zights under this Security Instruinent. Borrower can ctiu•e such a default and, if acceler�tion has
<br /> occLtrred, reinstate as provided ii�Section 19, by causing the action or proceeding to be disinissecl with a
<br /> ruling that, in Lender's judgment, precludes forfeiture of the Property or otlier inaterial impainnent of
<br /> Lender's interest in tihe Property or rights under this Security Instruinent. Tlle p��oceeds of�ny awa�•d or
<br /> c�aim for dam�ges that�are lttri1�ut�ble to tho impairinent of Lender's iuterest in the Property are hereby
<br /> assigned and shall l�e paid to Lender.
<br /> All Miscell�neoiis Proceeds that are not�pplied to restoration or r�pair o:F the Property sh�11 be applied iil the
<br /> ordei provided Lor in Section 2.
<br /> 2312A9
<br /> NEBRASKA-Single Family-Fannie M ae/Freddie M ac UNIFORM INSTRUM ENT Form 3028 1/01
<br /> VM P O VM P8(NE)(1105)
<br /> Wolters Kluwer Financial Services Page q0 of 17
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