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2012b20��
<br />satisfacrion, 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 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 lessened, the Miscellaneous Proceeds shall be applied to the sums secured by this S�urity Instrument,
<br />whether or not then due, with the excess, if any, paid to Borrower. Such 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 secured by this Security Instrument, whether or not then due, with the excess, if any,
<br />paid to Borrower.
<br />In the event of a paztial taking, destruction, or loss in value of the Property in which the fair market value of
<br />the Property immediately before the partial taking, destrucrion, or loss in value is equal to or greater than the
<br />amount of the suxns secured by this 5ecurity Instrument immediately before the partial taking, destruction, or
<br />loss in value, unles.s Borrower anct Lender othervvise agree in writing, the sums secured by this Security
<br />Instrument sha11 be reduced by the amount of the Miscellaneous Proceeds mulriplied by the following
<br />frac2ion: (a) the total amount of the sums secured immediately before the partial taking, destruction, or loss
<br />in vaiue divided by (b) the fair market value of the Property immediateIy before the partial taking,
<br />d�druction, or loss in value. Aay balance shall be paid to Borrower.
<br />Ia the event of a partial taYdag, destruction, or loss in value of the Property in which the fair market value of
<br />the Property i�iately b�fore the gartial taking, destrnction, or loss in value is less than the amourzt of the
<br />sums secured� immediazely before the partial taking, destruction, or Iass in value, u�Iess Borrower and
<br />�.�der otherwi�e agree in v�rriring, the Miscellan�us Procceds shall be applied to the sums secured by this
<br />Security Tnstru�ent whetl�er er uat tfie sums aze then due.
<br />If tl�e Properiy is abando� by �orrower, or if, after notice by Lender to Borrower that the Opposing Party
<br />(as defined ia the next sentence) offers to make an award to settie a claim for damages, Borrower fails to
<br />respond to Lender within 30 c�ays after the date the notice is given, Lender is authorized to collect and apply
<br />the Miscellaneous Procee�.s either to restoratian or repair of the Property or to the sums secured by this
<br />S�urity Instrument, whether or ao� then due. "OpPosing Party" m�ns the third gazty that owes Borrower
<br />MisceIlan�vs Froceeiis or the party against whom Borrower has a right of action in regard to Miscellaneous
<br />Proce,eds.
<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 forfeit�re 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 />occuned, reinstate as provided in Section 19, by causing the acrion or proceeding to be dismissed with a
<br />ruling that, in Lender's judgnent, pre�cludes forfeiture of the Property or other material impairment of
<br />Lender's interest in the Properly or rights under this Security Instiument. The proceeds of any award or
<br />claim for damages that ate 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 Secrion 2.
<br />NEBRASKA-Sittgle Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />VMP �
<br />Walters Kluwer Financfal Services
<br />Form 3028 1/O7
<br />VMP6�NE) (1705)
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