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201�04288
<br />satisfaction, provided that such inspecrion 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 Bonower 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 lessen�, 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 Bonower. Such Miscellaneous Proceeds shall be
<br />applied in the order provided for in Secrion 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 se,cured by this Security Instrument, whether or not then due, with the excess, if any,
<br />paid to Borrower.
<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 />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 />Instrurnent shall be reduced by the amount of the Miscellau�us Proceeds multiglied by the following
<br />fraction: (�} tfie tota� amount of the sums s�ured immediately before the partial taking, destruction, or loss
<br />in value divided by (b) the fair market value of the Property immediately before the partial taking,
<br />destruction, or loss in value. Any balance shail be paid to Borrower.
<br />I�t the event of � partia;t taking, dest�c�ior�, or loss in value of the Pro�rty in which the fair market value of
<br />the Property iaim�iately before the partial taking, destruction, or loss iII value is Iess than the amuunt of the
<br />sums secured imrnediately hefore the partial taking, destruction, or Ioss in value, unless Borrower aud
<br />Lender otherwise agree in writing, the Miscellaneous Proceeds shall be applied to the sums secured by this
<br />Seccirity �nstrument whether or not the stuns are then due.
<br />If the Property is abaadoned by Bonower, or if, after notice by I.ender to �orrower that the Opposing Party
<br />(as defined in the next sentence) offers to make an awazd to settle a claim for damages, Bonower faiLs to
<br />respond to Lender within 30 days after the date the norice is given, Lender is authorized to collect and apply
<br />the Miscellan�us Froceeds either to restoration or repair of the Property or to the sums secured by this
<br />Security IBStrument, whether or not then due. "Opposing Party" means the third party that owes Borrower
<br />Miscellaneous Proceeds or the party against whom Borrower has a rigtct of action iu regard to Miscellan�us
<br />Proce�ds.
<br />Borrower shall he 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 />Properiy or rights under this Security Instrument. Borrower can cure such a default and, if acceleration has
<br />occurred, reinstate as provided in S�rion 19, by causing the acrion or proceeding to be dismissed with a
<br />ruling 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 Instivment. 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 Lender.
<br />All Miscellaneous Proc,eeds that are not applied to restoration or repair of the Property shall be applied in the
<br />order provided for in Secrion 2.
<br />NEBRASKA-Single Famfly-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />VMP �
<br />Wolters Kluwer Financfal Services
<br />Form 3028 1/O1
<br />VMP6(NE) (1105)
<br />Page 10 of 17
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