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2012040��
<br />satisfaction, 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 eaznings on such
<br />Miscellaneous Proceeds. If the restoration or repair is not economically feasible or Lender's s�urity would
<br />be lessene�, the Miscellaneous Proceeds shall 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 Miscellan�us Proc,eeds 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 s�ured 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 taking, destruction, or loss in value is equal to or greater than the
<br />ar�rount of the sums secured by tlus Security Instrument immediately before the partial taking, destruction, or
<br />Iass in vatue, untess Borrower and I.ender otherwise agree in writing, the sums secured by this Security
<br />TIISor�ment shall be rerluced by the amount of the Miscellaneous Proceeds multiplied by the following
<br />fraction: (a) the total amount of the snms s�ured immediately before the partial taking, destruction, or loss
<br />in vatue divided by (b} the fair market value of the Property immediately before the partiat taking,
<br />de.struction, or loss in value. Any balance shall Ue paid to Borrower.
<br />Ia the even� of a partial taking, �estrucrion, or loss in value of the Property in which the fair market value of
<br />the Pmpe�ty r�ately before the partiai taking, destruction, or Ioss in value is les.s than the amount of the
<br />s� se.�u.t� imm�£iately before the parrial taking, destruction, or loss in value, t�less Borrower and
<br />LeIIde� at�eerwise agree in vvritiug, the Miscellan�us Proceeds sbatl be applied to the sums secured by this
<br />Security �ns�t whetber or not the swns are then due.
<br />If tke Property is abanctoned by Borrower, or if, after norice by Lender to Bonower that the �pposing Party
<br />(as defined in the next sentence) offers to make an award to settle a claim for damages, Borrower fails to
<br />respond to Lender within 30 days after the date the norice is given, Lender is authorized to coll�t and apply
<br />the MiscelIaneous Proceeds either to restoration or repair of the Property or to the sums secured by this
<br />Security instrument, whether or not then due. "Opposing Party" means the third party that owes Borrower
<br />1VFiscell�ns Proceeds os the party against whom Borrower has a right of action in regard to Miscellaneous
<br />Fr�s.
<br />�orrower shait be in default if any acrion or proceeding, whether civil or criminal, is begun thai, 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. Borrower can cure such a default and, if accelerarion has
<br />occurred, reinstate as provided in Secrion 19, by causing the acrion or proceefling to be dismissed with a
<br />niling that, in Lender's judgment, precludes forfeiture of the Property or other material impairment of
<br />Lender's interest in the Property or rights under this Security Instrument. The proceeds of any awazd or
<br />claim for damages that are attributable to the impairment of Lender's interest in the Property are hereby
<br />assigned and shall be paid to I.ender.
<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 Section 2.
<br />NEBRASKA-Single Family-Fannie Mae/Freddle Mac UNIFORM INSTRUMENT
<br />VMP p
<br />Wolters Kluwer Financial Services
<br />Form 3028 1l01
<br />VMP6INE) f1105)
<br />Page 10 of 17
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