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<br />sarisfacrion, 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 />Miscellaneous Proceeds. If the restoration or repair is not economically feasible or Lender's security would
<br />be lessened, the Miscellan�us Proceeds shall be applied to the sums se,cured by this Security Instrument,
<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 Section 2.
<br />In the event of a total taldng, destruction, or loss in value of the Properiy, 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, destrucrion, or loss in value is equal to or greater than the
<br />amount of the sums s�ured by tius Security Instrument immediately hefore the partial taking, destruction, or
<br />loss in value, unless Borrower and Lender otherwise agree in writing, the sums secured by this Security
<br />I�trument shall � reciuc� by the affiount of the Miscellanevus Proceeds multiplied by the folIowing
<br />fraccio�: (a) the total amount of the sums se,cured immediately before the partial taking, destruction, or Ioss
<br />i� �raiue divided by (b) the fair mazket value of the Progerty immediately before the partial taldng,
<br />d�ction, or Ioss in value. Any bala�cce shall be paid to Borrower.
<br />Ig the ev�t of a partiaB t�ki�cg, d�ction, or loss in value of the Property in whieh the fair market value of
<br />th� Frop�rty �iately bef�re the partia! taking, d�tivccrion, or Ioss in value is Iess ti�an the amount of the
<br />s�ms � i�iately Txf�re t�►e partial taking, destruction, or Ioss in. vatue, unless Borrower and
<br />�er �therwise agr� ire �i�g, tiae Miscellaneovs Proceeds shall be applied to the sums se,cured by this
<br />��t w+k� o� � tise surc�c are then due.
<br />If tl�e ProPert� is �a�ecY �y Borrower, or if, after notice by �der to �arrower that ti�e QpposinS P�Y
<br />(as def�a� in tl�e ae.� s�� o�s ta make an award to settte a claim for damages, �orrower fails to
<br />r�pond to F,endes �vithia 3fl days after the date the norice is given, Lender is authorized to collect and apply
<br />the Misaellaneous Procseds ei�her td restoration or repair of the Property or to the sums se,cured by this
<br />Security �t, wr�er c� �t the�s due. "OPPosing Party" means the tl�ird party that owes Borrower
<br />11�iSCeltan�us PL�s or the garty against whom Borrower has a right of acrion in regazd to Miscellaneous
<br />Pro�eeds.
<br />Borrower shall be in default if any action or proceeding, whether civil or criminal, is begun that, in Lender's
<br />ju�gment, could result in forfeiture of the Property or other �terial impairment of Lender's interest in the
<br />Property or rights under this Security Instrument. Borrower can cure such a default and, if acceleration has
<br />accurred, 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, pr�ludes forfeiture of the Property or other material impairment of
<br />Lender's interest in the Property or rights under this Security Insttvment. The proceeds of any award or
<br />claim for damages that aze attributable to the impairment of Lender's interest in the Progerty aze hereby
<br />assigned and sha1l be paid to Lender.
<br />All Miscellaneous Proceeds 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 Family-Fannie Mae/Freddle Mac UN�FORM INSTRUMEIVT
<br />VMP p
<br />Wolters Kluwer Finencial Services
<br />Form 3028 7 /01
<br />VMP6WE) (1105)
<br />Page 10 of 17
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