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20 �206843
<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 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 Bonower. Such Miscellaneous Proc�eeds shall be
<br />applied in the order provided for in S�tion 2.
<br />In the event of a total taldng, destruction, 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 Bonower.
<br />In the event of a partial taking, destruction, or Ioss in value of the Property in which the fair market value of
<br />the Property immediately before the partial ta�ng, destructioa, or loss in value is equal to or greater than the
<br />ainount of the sums s�ure�i by this Security Instniment immediately hefore the partial taking, destruction, or
<br />loss in value, unless Borrower and Lender otherwise agr� in v�+riting, the sums secured by this Security
<br />Instrument shall be rednced by the amount of the Miscella�eous Proceeds mulriplied by the following
<br />fraction: (a) the total amount of the sums se,cured immediately before the partial taking, destruction, or loss
<br />in value divided by (b) the fair market vatUe of the Property immediately before the paztial taking,
<br />�ction, or loss in value. Any balance shall be paid to Borrow+er.
<br />In the event of a partial tatang, destruction, or lass in value of the Property in which the fair market value of
<br />the Froperty immediately �fare the partial taki�g, ctestrucrion, or loss in value is less than the amount of the
<br />sums se.cured imm�iately before the partiat talang, d�ior�, or loss in value, uuiess Borrower and
<br />I.ender otfierwise agree in writiag, tke 1VliscellaIIeous Froceeds shatl be applied to the sums secured by ttus
<br />Seeurity Ia�strurnent whet�er or not the sums are therc d�e.
<br />Tf the Property is abaadnnec� by Borrower, or if, after notice try L,ender to Borrower that the Opposiag Party
<br />(as defined in the next �ntence) offers to make an award to settle a claim for damages, Borrower fails to
<br />respond to Lender within 3Q days after the date the notice is given, Lender is authorized to coll�t and apply
<br />the Miscellan�us Proceeds either to restoration or repair of the Property or to the sums secured by this
<br />Security Instniment, whether or aot then due. "OPPosing Party" means the third party tUat owes Borrower
<br />Miscellan�us Pr�s or the pariy against whom Borrower has a right of acrion in regard to Miscellaneous
<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 iu 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 acceleration has
<br />occurred, reinstate as provided in Secrion 19, by causing the action 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 Instrument. The proceeds of any award or
<br />claim for datnages that are attributable to the impairment of Lender's interest in the Property aze 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 5ection 2.
<br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />VMP Q
<br />Wolters Kluwer Financial Services
<br />Form 3028 1 /01
<br />VMP6(NE) (1105)
<br />Page 10 af 17
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