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<br />If the Properly is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of the
<br />Property, if the restoration or repa.ir is economically feasible and Lender's security is not lessened. Duting
<br />such repair and restoration period, Lender shall have the right to hold such Miscellaneous Proceeds until
<br />Lender has had a.n opportunity to inspect such Property to ensure the work has been completed to Lender's
<br />satisfaction, provided that such inspection shall be underta.ken 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 />Miscella.neous Proceeds. If the restoration or repair is not economically feasible or Lender's security
<br />would be lessened, the Miscellaneous Proceeds shall be applied to the sums secured by this Security
<br />Inshument, whether or not then due, with the excess, if any, paid to Borrower. Such Miscellaneous
<br />Proceeds shall be 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
<br />shall be applied to the sums secured by this 5ecurity Instrument, whether or not then due, with the excess,
<br />if any, paid to Borrower.
<br />In the event of a partial taking, destruction, or loss in value of the Property in which the fa.ir market value
<br />of the Property immediately before the partial taking, destruction, or loss in value is equal to or greater
<br />than the amount of the surns secured by this Security Inshument immediately before the pa.rtial taking,
<br />destntction, or loss in value, unless Borrower and Lender otherwise agree in writing, the sums secured
<br />by this Security Instrument sha11 be reduced by the asnount of the Miscellaneous Proceeds multiplied by
<br />the following fraction: (a) the total amount of the sums secured immediately before the partial taking,
<br />deshuction, or loss in value divided by (b) the fair market value of the Property immediately before the
<br />partial taking, destauction, or loss in value. Any balance shall be paid to Borrower.
<br />In the event of a partial taking, destruction, or loss in value of the Property in which the fa.ir market value
<br />of the Properiy immediately before the pa.rtial taking, destntction, or loss in value is less tha.n the amount
<br />of the sums secured immediately before the pa,rtial taking, destruction, or loss in value, unless Bortower
<br />and Lender otherwise agree in writing, the Miscellaneous Proceeds shall be applied to the sums secured
<br />by this 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
<br />Party (as defined in the next sentettce) offers to make an award to settle a claim for damages, Bonower
<br />fails to respond to Lender within 30 days after the date the notice is given, Lender is authorized to collect
<br />and apply the Miscella.neous Proceeds either to restoration or repair of the Properly or to the sums secured
<br />by tlus Security Instntment, whether or not then due. "Opposing Party" means the third pariy that owes
<br />Bonower Miscellaneous Proceeds or the pariy against whom Borrower has a right of action in regard to
<br />Miscellaneous Proceeds.
<br />Borrower shall be in default if a.ny action or proceeding, whether civil or criminal, is begun that, in
<br />Lender's judgment, could result in forfeiture of the Property or other material impairment of Lender's
<br />interest in the Property or rights under this Security Instrument. Borrower can cure such a default and,
<br />if acceleration has occuned, reinstate as provided in 5ection 19, by causing the action or proceeding to
<br />be dismissed with a ruling that, in Lender's judgment, precludes forfeiture of the Properly or other material
<br />impairment of Lender's interest in the Property or rights under this Security Instrumen� The proceeds of
<br />HCFG-00359
<br />NEBRASKASingle Famity-Fannie Mae/Freddia Mac UNIFORM INSTRUMENT
<br />VMP�
<br />Wolters Kluwer Fnancial Services 201201184.0.0.0.4002-J20110624Y
<br />Fortn 30281/Ot
<br />OB/11
<br />Page 10 af 16
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