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20120476�
<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 />Miscellan�us 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 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 Se.crion 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 sutns secured by this S�urity 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, destrucrion, or loss in value is equal to or greater than the
<br />amount of the sums s�ured by this Security Instrument immediately before the partial taking, destruction, or
<br />loss in value, unless Borrower and I�nder otherwise agree in writing, the sums secured by this Security
<br />Instrume� shall be reduced by the amount of the Miscellaneaus Proceeds multiplied by the following
<br />fraction: (a) the total amount of the sums secured 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 shall be paid to Borrower.
<br />In the event of a partial taking, destruction, or loss in value of the Properiy in whicfl the fair market value of
<br />the Property immediately before the partial taking, destruction, or loss in valU.e is less than the amount of the
<br />swns secured immediateiy before the partial taking, destruction, or loss in value, unless Borrower and
<br />Lender otherwise agre,e in wriring, the Miscellaneous Proceeds shall be applied to the sums secured by this
<br />Security Instrument whether or not the sums are then due.
<br />If the Property is abandonert by Borrower, or if, after notice by Lender to Borrower that the Opposing Party
<br />(as defined in the next sentence) ofFers to make an award to �ttle 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 colle,ct and apply
<br />the Miscellan�us Prac.eeds either to restoration or repair of the Property or to the sums s�ured by this
<br />Security Instrument, whether or not then due. "Opposing Pazty" meaas the third party that owes Borrower
<br />Miscellaneous Proceeds or the party against whom Borrower has a right of action 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. Borrower can cure such a default and, if accelerarion has
<br />occurred, reinstate as provided in S�tion 19, by causing the action or praceeding to be dismissed with a
<br />ruling tha.t, 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 S�urity Instrument. The proceeds of any award or
<br />claim for damages that are amibutable to the impairment of Lender's interest in the Property are hereby
<br />assigned and sha11 be paid to Lender.
<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 Secrion 2.
<br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />VMP 0
<br />Wohers Kluwer Financial Services
<br />Form 3028 7/01
<br />VMP6(NE) (7105)
<br />Page 10 of 17
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