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<br />sarisfaction, provided that such inspection shall be undertaken promptly. Lender may pay for the repairs
<br />and restorarion in a single disbursement or in a series of progress payments as the work is completed.
<br />Unless an agreement is made in writing or Applicable Law requires interest to be paid on such
<br />Miscellaneous Proceeds, Lender shall not he required to pay Borrower any interest or earnings on such
<br />Miscellaneous Proceeds. If the restoration or repair is not ec:onomically feasible or Lender's security would
<br />be lessened, the Miscellaneous Proceeds shall be applied to the sums se,cured by this Security Instrument,
<br />whether or not then due, with the excess, if any, paid to Bonower. S�ch Miscellaneous Proceeds shall be
<br />applied in the order provided for in Section 2.
<br />In the event of a total taking, destruction, or loss in value of the Property, the Miscellaneous Proceeds shall
<br />be applied to the sums s�ured by this Security Instrument, whether or not then due, with the excess, if any,
<br />paid to Borrower.
<br />In the event of a partial taking, destruction, or loss in value of the Property in which the fair market value of
<br />the Property immediately before the partial taking, destruction, or loss in value is equal to or greater than the
<br />amount of the sums s�ured by this Security Instrument immediately before the partial taking, destruction, or
<br />loss in value, unless Borrower and Lender otherwise agree in writing, the sums s�ured by this Security
<br />Instrument shail be reduced by the amount of the Miscellan�us Proceeds mulriplied by tfie following
<br />fiaction: (a) the total amount of the sums secure� immediately before the partial taldng, destrucrion, or loss
<br />in vaIue divided by (b) the fair mazket value of the Property imm�tiately before the partial taking,
<br />destruction, or loss in value. Any balance shall be paid to Borrower.
<br />In the event of a partial taking, destruction, or Ioss in value of the Properly in which the fair market value of
<br />the Property is�ediately before the partial taking, destruction, or loss in value is less than the amount of the
<br />sums secured imnzediaEely before the Partial talang, destruction, or loss in value, unless Borrower an�
<br />Lender otherwise �gree in writing, the Miscellan�us Proceeds s�►atI be applied to the sums secured by this
<br />Security �ment whether or not the sams are then due.
<br />If the Progerty i,s abandoned by Borrower, or if, after norice by L.ender to Borrower that the Opposing Party
<br />(as defined. in the IIext senteuce) offers to make an award to settle a claim for damages, Borrov�+er fails to
<br />respond w Lender within 30 days after the date the norice is given, Lender is authorized to collect and apply
<br />the Miscellan�us Proceeds either to restoration or repair of the Property or to the sums se.cured by this
<br />Security Instrument, whether or not then due. "Opposiag Pariy" means the third party that owes Borrower
<br />Misceiian�us Proceeds or the party against whom Borrower has a right of action in regard to Miscellaneous
<br />ProcEeds.
<br />Borrower shall be in default if any acrion or proceeding, whether civil or criminal, is begun that, in Lender's
<br />judgment, could result in forfeiture of the Property or other material impairment of Lender's interest in the
<br />Property or rights under this Security Instrument. Borrower can cure such a default and, if acceleration has
<br />occurred, reinstate as provided in Section 19, by causing the action or proc�eeding to be dismissed with a
<br />ruling that, in Lsnder's judgment, pr�ludes forfeiture of the Property or other material impairment of
<br />Lender's interest in the Property or rights under this Security Instrument. The proceeds of any awazd or
<br />claim for damages that aze attributable to the impairment of Lender's interest in the Property are hereby
<br />assigned and shall be paid to Lender.
<br />All Miscellaneous Proceeds that aze not applied to restoration or repair of the Property shall be applied in the
<br />order provided for in Section 2.
<br />NEBRASKA-Sfngle Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />VMP �
<br />Wokers Kluwer Financial Services
<br />Form 3028 1 /O t
<br />VMP6(NE) (1105)
<br />Page 10 of 17
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