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<br />sarisfaction, provided that such inspection shall be undertaken promptly. Lender may pay for the repairs
<br />and restoration 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 be required to pay Borrower any interest or earnings on such
<br />Miscellan�us Proce,eds. If the restorarion or repair is not economically feasible or Lender's security would
<br />be lessened, the Miscellaneous Proceeds shall be applied to the sums se�ured by this S�urity Instrument,
<br />whether or not then due, with the excess, if any, paid to Bonower. Such Miscellan�us Proceeds shall be
<br />applied in the order provided for in Section 2.
<br />In the event of a total taking, de.ctruction, or loss in value of the Properiy, the Miscellaneous Procceds 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 Bonower. ,
<br />In the event of a partial taking, d�crion, or loss in value of the Property in which the fair market value of
<br />the Property immediately before the paztial taking, destruction, or loss in value is equal to or greater than the
<br />amount of the sums secured by this Security Instrument immediately before the partial taking, destruction, or
<br />loss in value, unless Bonower and Lender otherwise agr� in writing, the sums secured by tlus Security
<br />Instrument shall be reduc.ed by the amount of the Miscellaneaus Proc,e�is multiplied by the following
<br />fraction: (a) the total amount of the sums s�ured immediately before the partial taking, destruction, or loss
<br />in value divided by (b) the fair market value of the Property immediately before the partial taking,
<br />destrucrion, or loss in value. Any balance shall be paid to Bonower.
<br />In the event of a pattial taking, destruction, or loss in value of the Property in which the fair market value of
<br />the Properiy immediately before the partial taking, destruction, or loss in value is less than the amount of the
<br />sums s�ured immediately before the partial taking, destruction, or loss in value, unless Bonower and
<br />Lender otherwise agree in writing, the Miscellaneous Proceeds shall be applied to the sums secured by this
<br />Security Instrument whether or not the sums aze then due.
<br />If the Property is abandoned by Bonower, or if, after notice by Lender to Borrower that the Opposing Party
<br />(as definefl in the next sentence) offers to make an award to settle a claim for damages, Bonower fails to
<br />respond to Lender within 30 days after the date the notice is given, Lender is authorized to coll�t and apply
<br />the Miscellaneous Procceds either to restoration or repair of the Property or to the sums s�ured by this
<br />Security Instrument, whether or not then due. "Opposing Party" means the third party that owes Borrower
<br />Misc�llan�us Proce�ds or the party against whom Bonower has a right of action in regazd to Miscellaneous
<br />Procceds.
<br />Borrower shall be in default if any action or procceding, 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. Bonower can cure such a default and, if acceleration has
<br />occurred, reinstate as provided in Secrion 19, by causing the action or procceding to be dismissed with a
<br />niling that, in Lender's judgment, pre,cludes forfeiture of the Property or other material impaument of
<br />Lender's interest in the Property or rights under ttus Security Instrument. The proceeds of any award or
<br />claim for damages that are attributable to the impairment of Lender's interest in the Property are hereby
<br />assigned and shall be paid to Lender.
<br />All Miscellan�us 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-Single Femily-Fennie Mae/Freddfe Mac UNIFORM INSTRUMENT Form 3026 1/01
<br />VMP � VMPBINE) (1106)
<br />Wolters Kluwer Flnanclal Services Page 10 of 17
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