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<br />satisfaction, provided that such inspection shall be undertaken prompfly. Lender ma.y 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 vvriting or Applicable Law requires interest to be paid on such
<br />Miscellaneous I'roceeds, Lentder shall not be required to pay Borrower any interest or earnings on such
<br />Miscellaneous Proceeds, ff the restoration or repair is not economically feasible or Lendez'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, destruction, or loss in value of the Property, the Miscellansous 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 Progerty immediately before the partial taking, destruction, or loss in value is equal to or greater than the
<br />amount of the sums secured by this Security Instrument immediately before the partial taking, destnxction, or
<br />loss in value, unless Borrower and Lender otherwise agree in writing, the sums secured by fhis Security
<br />Instrument shall be reduced by the amount of the Miscellaneous Proceeds multiplied by the following
<br />frac�ion: (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 ta.king,
<br />destruction, or loss in value. .Any balance shall be paid to Borrower.
<br />In the event of a partial taking, destrvction, 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 less than the amount of the
<br />sums secured immediately before the partial taking, destruction, or loss in value, unless Borrower and
<br />Lender otherwise agree in writing, 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 abandoned by Borrower, or if, after notice by Lender to Borrower that the Opposing Parly
<br />(as defined in the next sentence) offers to make an awazd to settle a claim for damages, Borrower fails to
<br />respond to Lender within 30 days after the date the notice is given, Lender is authozized to collect and apply
<br />the Miscellaneous Proceeds either to restoradon or repair of the Property or to the sums secured by this
<br />Security Tnstrument, whether or not then due. "Opposing Parly" means the third party tha.t owes Bortower
<br />Miscellaneous Proceeds or the pariy against whom Borrower has a right of action in regard to Miscellaneous
<br />Proceeds,
<br />Borrower sball be in default if any action or proceeding, whether civil or criminal, is begun tha.t, in Lender's
<br />judgment, could result in forfeiture of the Property or other material impairment of Lender's interest in the
<br />Progeriy or rights under this Security Instrument. Borrower can cure such a default and, if acceleration has
<br />occurred, reinstate as provided in Section 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 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 Proceeds that aze not applied to restoration or repair of the Progerty shall be applied in the
<br />order provided for in Section 2.
<br />IVEBRASKA•Singla Famtly-Fennie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01
<br />� � VMPB(NE) (17061.00
<br />Wolters Kluwer Firrertclal Servicas Page 70 of 17
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