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20120476�
<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 Bonower any interest or earnings on such
<br />Miscellan�us Proceeds. If the restorarion or repair is not ec;onomically feasible or Lender's security would
<br />be lessened, 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 Miscellaneous Proceeds shall be
<br />applied in the order provided for in Section 2.
<br />In the event of a total taking, destrucrion, 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 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 hefore the partial taking, destruction, or loss in value is equal to or greater than the
<br />amount of the sums secured by this S�urity Instrument immediately before the partial taking, destrucrion, or
<br />Ioss ia. vatue, unless Bonower and L�nder otherwise agree in writing, the sums secured by this Security
<br />Imt.c�mer�t shall be reduce� by the amount of the Miscellan�us Proc�eds multiplied by the following
<br />fraetion: (a) the total amount of the swns se,cured immediately before the paztiat taking, destruction, or loss
<br />in value divided by (b) the fair market value of the Properly immediately before the paztial taking,
<br />destruction, or loss in vatue. Any balance shall be paid to Borrower.
<br />In the event of a gartial taking, destruction, or Ioss in value of the Property in which the fair market value of
<br />the �roperty immediately before the partial taldng, destruction, or loss in value is less than the am�unt of the
<br />sums secure�i i�ediately before the partial taking, destractivn, or loss in value, unless Bonower and
<br />Lender otherwise agree in writing, the Miscelianeous Proceeds shall be appIied to the sums se.cured by this
<br />�CUrity Insavment �t+hether or not the sums are then due.
<br />If the Property is abandoIIed by Borrower, or if, after IIotice by Lender to Bonower that the Opposing Party
<br />(as defined in the next sentenc�) offers to make an a�vard to settle a claim for damages, Borrower fails to
<br />respond to L�nder within 30 days after the date the norice is given, Lender is authoriaed to colle,�t and apply
<br />the Miscell�us Proceeds either ta restoration or repair of the Property or to the sums secured by this
<br />Security Instrament, whether or not then due. "Opposing Party" means the third pariy that ov�+es Borrower
<br />Miscellaneous Pra�s or the pazty against whom Borrower has a right of action in regard to Miscellaneous
<br />Proceeds.
<br />Borrower shall h� in default if any action or proc�eeding, whether civil or criminal, is begun that, in Lender's
<br />judgment, c.ould 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 action or proceeding to be dismissed with a
<br />ruling that, in Lender's judgment, pre,cludes forfeiture of the Property or other material impairment of
<br />Lender's interest in the Property or rights under this Security Instrument. The proc,eeds of any award or
<br />claim for damages that are attributable to the impairment of Lender's interest in the Property are hereby
<br />assign� and sha11 be paid to Lender.
<br />All Miscellaneous Proceeds that ue not applied to restoration or repair of the Property shall be applied in the
<br />order provided for in Se,ction 2.
<br />NEBRASKA-Single Fam(ly-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />VMP �
<br />Wolters Kluwer Ftnancial Services
<br />Form 3028 1/01
<br />VMPB{NE) (7105)
<br />Page 10 of 17
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