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<br />satisfacrion, 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 Proceeds. If the restoration or repair is not economically feasible or Lender's s�urity would
<br />be lessened, the Miscellaneous Proceeds sha11 be applied to the sums secured by this Security Instrument,
<br />whether or not then due, with the excess, if any, paid to Borrower. Such Miscellaneous Proaeeds 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 Propeny, the Miscellaneous Proc,eeds shall
<br />be applied to the sums secured by this Security Insmiment, whether or not then due, with the excess, if any,
<br />paid to Bonower.
<br />In the event of a pazrial taking, destrucrion, or loss in value of the Property in which the fair market value of
<br />the Property immediately before the pazrial taldng, 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 surns secured by this Security
<br />I�.strument shall be reduced by the amount of the Miscellaneous Proceeds multiplied by the following
<br />fraction: (a) the total amount of the sums secured immediately before the partial taking, destiuction, or loss
<br />in value divided by (b) the fair market value of the Property immediateiy before the partial taking,
<br />destruction, or loss in value. Any batance shall be paid to Borrower.
<br />In the event of a partial taking, destzuction, or loss in value of the Pro�rty in which the fair market vatue of
<br />the Property immediately before the ga�iat taking, destruction, or loss in value is less tt�an the amount of the
<br />sums secured immediately before the putial tatang, destruction, or Ioss in vatue, ualess Borrower and
<br />Lender et�ezwise agree in vNritin.g, the Miscellaneous F'r�s sha11 be applied to the sums secured by this
<br />�curity Insm�ment whettier or not the su�s are then due.
<br />If the Prop�rly is abaud,an� by �orrower, or if, after rrorice by I,ender m�orrower that the Opposing Party
<br />(as defiaed in the next senteace} offers to make an award to settle a claim for damages, Bonower fails to
<br />respond to Lender within 3Q days after the date the norice is given, Lender is authorized to collect and apply
<br />the Miscellaneous Proceeds either to restorarion or repair of the Property or to the sums secured by this
<br />Security instruffient, whether or not then due. "Opposing Party" means the third party that owes Borrower
<br />MisceIlaneous Proceeds or the garty against whom Borrower has a right of acrion in regard to Miscellan�us
<br />Proceeds.
<br />Borrower shall be in default if any action 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. Bonower can cure such a defauit and, if acceleration has
<br />occurred, reinstate as provided in S�tion 19, by causing the action or proceeding to be dismissed with a
<br />ruling that, in Lender'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 Insnvment. 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 sha11 be paid to Lender.
<br />All Miscellan�us Proceeds that are not applied to restoration or repair of the Property shall be applied in the
<br />order provided for in Section 2.
<br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01
<br />VMP � VMP6(NE) (11051
<br />Wolters Kluwer Financial Services Page 10 of 17
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