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201109127
<br /> s�tisfaction, provided thati such inspection shall Ue undertalcen�roinptly. Lender may pay for the repairs
<br /> ttnd restoration in a single disUursement or in a series of progress payments as the work is conlpleted.
<br /> Ui�less an�greeinent is inade iu writitig or Applicabl�Law requires interest to be paid on such
<br /> Miscellaneous Pi•oceeds, Lender slia.11 not Ue requii•ed to pay Borrower any interest or earnings on suc11
<br /> Miscellaneous Procaeds. If the restoration or repair is not econoinieally fe�sible or Lender's seourity would
<br /> be lessened, the Miscellaneous Proceeds sha11 Ue�tipplied to the sums secured by this Secttrity Iiistrutnent,
<br /> whether or not then due; with the excess, if any, paid to Borrower. Such Miscellaileous Proceeds shall be
<br /> applied in the order provided For in Section 2.
<br /> In the event�of a total talcing, destruc�ion, or loss in value of'the Property, tlie Miscellaneou�s P�'oaeeds sliall
<br /> be appliecl to tihe sums seeurecl by this SecLtrity Instruinent, whether or not then due, with the excess, if any,
<br /> paid to Borrowei•.
<br /> In the event of a partial talciilg, destruction, or loss i�i�alue of the Property in whiell tlle faii•marlcet�alue of
<br /> the Property inunedi�tely before the partiial talting, clestruction, or loss in value is equal to or greater tllan the
<br /> �mount of the stuns secured l�y this Security Tnstrainent immediately Uefore tlze partial talcing, destrLtction, or
<br /> loss in value, unless Borrower and Lender otherwise a�ree in writing, the sums secured b�this Security
<br /> Instr�irnex�t shall be reduced l�y tlie amount of the Miscellaneous Proceecls inultipliecl�y the followiiig
<br /> fr�ction: (a)tl�e to�11 a�nount of the sLUl7s secured inunediately before the partial talcin�, destruction, or loss
<br /> in vahie dividec�by(b)tiho fair marlcet value of the Property iirunedi�t�ly Uei'ore the parti�l talcing,
<br /> destruotioii, or loss in vah�e, Any balance sllall be paid to Borrower.
<br /> In the event of a partial tialcing, destruction, or loss in vahie of tlie Property in which the�'air inarleet value of
<br /> the Property inunediately before t17e partial talcing, destruction, or loss in value is less than the amount of the
<br /> sums secured iininediately before the p�rtial taldng, destrttction, or loss in val�te, unless Borrower a�1d
<br /> Lender otherwise agree in writing, tlie Miscell�neous Proceeds shall be applied tio t11e stul7s secured Uy this
<br /> Security Instrument whether oi•not the sums are then due.
<br /> If the Property is abandoned by Borrower, or if, �fter notice by Lencler to Borrower that the Opposing Party
<br /> (�s clefined in the next sentence) oFfers to iilake�n�w�rcl to settle a cl�tiin for damages, Borrower fails to
<br /> respond to Lender yvitl7in 30 days aftei•the date the notice is �iven, Lellder is autl�orized to collect ancl apply
<br /> the Miscellaneous Proceeds eitl�er to restoratiorl or repair of the Prope�•ty or to t11e sums secured Uy this
<br /> Security Instnunent, whether or not tlien due. "O�posing Party" ineaiis the third party that owes Borrower
<br /> MiscellaneoLis Proceeds or the pas•ty against whoui�orrower has a right of action in 1•egard to Miscellaneaus
<br /> Proceeds.
<br /> Borrowez• shall be in default if any action or proceec�ing, whether civil or criminal, is begtYn that, in Lender's
<br /> judginent, could result in forfeit�ire of t11e 1'roperty or ather ma�erial impairmen�of Lender's interest in the
<br /> Property or riglits under this Security Instrument. Borrower can eL��•e sucl�a tleiaiilt aa�d, if acceleration has
<br /> occurred, reinstate�s provided in Section 19, Uy causing the action or proceeding to be dismissed with a
<br /> ruling that, in Lender's judginent, precludes forfeiture oF the Property or other material impairment of
<br /> Leizder's interest in the Property or rights under this Security Instrument. Tl1e proceeds of any award or
<br /> cl�titi�for dai�l�ges that are attriULrtable to the impairil7ent of Lender's interest in the 1'roperty are hereby
<br /> assignecl and s1ia11 ve paid to Lender.
<br /> All Miscellaneous Proceeds that are not applied to restoi�ation or repau•of the Property sha�ll be a�plied in the
<br /> order providec�for in Section 2.
<br /> 231230
<br /> NEBRASKA-Single Famlly-Fannle Mae/Fretltlle Mac UNIFORM INSTRUMENT Form 3028 1I01
<br /> VM P O VM P6(NE)(1105)
<br /> Wolters Kluwer Financlal Services Pape 10 of 17
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