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2�1�020��
<br />satisfaction, provided that such inspection sha11 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 Bonower any interest or earnings on such
<br />Miscellan�us 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 Security Insmunent,
<br />whether or not then due, with the excess, if any, paid to Borrower. Such Miscellan�us Proceeds shall be
<br />applied in the order provided for in Se,ction 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 Bonower.
<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 talcing, destruction, or loss in value is equal to or greater than the
<br />amount of the sums se,cured by this Security Instrument immediately before the partial taking, destrucrion, or
<br />loss in value, unless Borrower and Lender otherwise agree in writing, the sums secured by this Security
<br />Instrument shall be re�luced by the amount of the Miscellan�us Proceeds mulriplied by the following
<br />fraction: (a) the total axno�t o€ the sums secured immediately before the paztia2 taking, destruction, or loss
<br />in value divided by (6) the fair market value of the Property itnmediately t�efore the partial taking,
<br />desiruction, or Ioss in value. Any balance shall be paid to Bonower.
<br />In the event of a partiat taking, destruction, or loss in vatue of the Property in which the fair market value of
<br />the Propert}r �mme.�_�ety before the partial taking, destruction, or loss in vatue is Iess than the amount of the
<br />sums se.cured i�iaiely before the partial taking, destruction, or loss in value, unless Borrower and
<br />Leader otherwis� �gr� ia vNriting, the Miscellaneous Proceeds shall be applied to the sums se,cured by this
<br />Security I�nt �+heth� or aat the sums are then due.
<br />If the Property is abando� by Barrower, or if, after norice by Lender to Borrower that the Opposing Party
<br />(as defined in the next sentence) offers to make an award to settle a claim for damag�s, Borrower fails to
<br />resgond to Lender within 30 days after the date the notice 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 secured by this
<br />Security Instcument, whether or not then due. "Opposing Party" means the third party that owes Borrower
<br />Miscellan�us Prc�ds ar the party against whom Borrower has a right of action in regard to Miscellaneous
<br />Pr�ceeds.
<br />Barrower sha11 be in default if any action or proceeding, whether civil or criminal, is begun that, in Lender's
<br />judgment, could resvlt 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 />occutred, reinstate as provided in S�tion 19, by causing the action or proceeding to be dismissed with a
<br />ruiing that, in Lender's judgment, precludes forfeiture of the Property or other material impairment of
<br />L.ender's interest in the Property or rights under this Security Instrument. The proceeds of any awazd or
<br />claim for damages thai 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 are not applied to restorarion or repair of the Property shall be applied in the
<br />order provided for in Section 2.
<br />NEBRASKA-Single Family-Fannia Mae/Freddie Mac UNIFORM INSTRUMENT
<br />VMP �
<br />Wolters Kluwer Financial Services
<br />Form 3028 1 /01
<br />VMP61NE) (1105)
<br />Page 10 of 17
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