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<br /> satisfaction,provided that such inspection shall be undertaken prompAy. Lender may pay for the repairs
<br /> and restoration in a single disbursement or in a series of progeas 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 /> Misoellaneous Proceeds,Lender shall not be required to pay Borrower any interest or earnings on such
<br /> Miscellaneous Proceeds. If the restoration or repair is not economically feasible or Lender's security would
<br /> be lesaened,We Miscellaneous Proceeds shall be applied to the sums secwed by this Security Tnstrtunent,
<br /> whether or not then due,with the excess, if any,paid to Boaower. Such Miscellaneoue Proceeds shall be
<br /> applied in the order provided for in Section 2.
<br /> In the event of a total taking,destructiou,or loss in value of the Ptoperty,the Miscellaneous Proceeds shall
<br /> be applied to the swns secwed by this Security Inslrument, whether or not then due,with the excess, if any,
<br /> paid to Borrower.
<br /> In tLe event of a partial taking,destruction,or loss in value of t6c Propedy in which the fair market value of
<br /> the Property immediately 6efore the partial taki�g, destruction,or loss in value is equal to or greater t6an Ebe
<br /> amount of the sums secured by this Security InsdUment immediatnly before the partial tak'rng,destructioa,or
<br /> loss in value,unless Borrower and Lender otherwise agree in writing, the sums secured by this 5ecurity
<br /> Instrument shall be reduced by the amuunt of the Miscellaneous Proceeds multiplied by the following
<br /> &action;(a)the total amount of the aums secwed immediately before the partial taking, destruction,or loss
<br /> in value divided by(b) the fair market value of the Property immediately befora the partial taking,
<br /> destruction,or loss in value. Any balance s6a11 be 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 Froperty immediately hefore the partisl taking,destrnction, or loss in value is less than the axnaunt of the
<br /> suma secured immecliately before the padial taking,desfruction, or loss in value,unless Bortower 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 are then due.
<br /> If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the Opposing Party
<br /> (as defined in the next sentence)ofl'ers to make an award to settle a claim for damages,Borrower fails to
<br /> respond to Lender within 30 days after the date the notice is given, Lender is authoriud to coUect and apply
<br /> the Miscellaneous Proceeds either to restoration o�repair of the PropetTy or to the sums secured by this
<br /> Security Insttnment,whether or not then due. "Opposing Party" means the third party that owes Bo�rower
<br /> Miscellaneous Proceeds or the party against whom Borrower has a riglit of action in regatd to Mi�cellaneous
<br /> . � Proceeds. . � � �
<br /> Bonower shall be in default if any action or proceeding, whether civil or criminal, is hegun that, in Lender's
<br /> judgment,could reault 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 proceeding to be dismissed with a
<br /> ruling that, in Lender's judgment,precludes forfeitwe of the Property ot other material impairment of
<br /> Lender's intereat in the Property or rights under t6is 5ecurity Inshwnent. Thc proceeds of any award or
<br /> claim for damages that are attributable to the impairment of Lender's intereat in the Property are hereby
<br /> assigned and sLall be paid to Lender.
<br /> All Miscellaneous Proceeds that are not applied to restoration or repair of the Proper[y shall be applied in the
<br /> order provided for in Section 2.
<br /> � NEBRASKA�3ingle Famity-Fannie MaelFrotldie Mac UNIPORM INSTRVMENT Fortn 30281N1 � �
<br /> VMP� � �� . VMPB(NE)(t105).W �
<br /> WoltereKluwerFinancia�Services . Pape10o}17 �
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