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<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 agr�ment 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 Bonower. 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 Bonower.
<br />In the event of a partial taking, destruction, or loss in value of the Properdy in which the fair market value of
<br />the Praperty immeciiately before the partial taking, destruction, or loss in value is equal to or greater than the
<br />amoinsE af the s�ns secur� by tius Security Insmiment imme�iately before the partial taking, destrucrion, or
<br />Toss ia� vraime, u�ess Boarower � Lender otherwise agree in veriting, tise sums s�ured by thi,s Security
<br />I�� sball be reducred by the aauount of the Mis�ceIlaneovs Procee�is multiplied by the fol�owing
<br />fractio�a: (a} tise totat amount of the sums secured imme�iately before the garciat tatdng, c�estniction, or Ioss
<br />im vaEue dsvided by �b) the f�,ir m�rket value �rf the Property i��diatel� b�fore tS�e garti� taking,
<br />clesErvctioa, or foss in value. Any balance shall be paid to Botrower.
<br />�►. tt�e event o� a gar�ia� t�g, d�u�tion, ar loss in value of the Progesty in whicb. the fair market value of
<br />t�e Pr�r �aatety i�fore dse F�ia,i tatdn.g, de.structi.on, or I�ss in v�lue is tess than tiae amount of the
<br />s�s ��i�e�y before the paEti.al tal�g, des�ctimn, ar Ioss � vatue, uniess Bogroverer and
<br />I.enc� ��ise agxee i�a writiag, t.h� 11�iscelIaneows Frocee¢�s shali be ap�Iied to the s�uns s��red by ttus
<br />Sec�ity T� wfiether ar aot the sarns are then due.
<br />Tf the Prop�ty is abaador�d by Bosrower, or if, after notice by Leader �o Borrower tisax the (}F�sing Party
<br />(as defiIIed in the aext serrtence) offers to make an award. to settle a claa� for damages, Borrower fails to
<br />respond to �c�r witbin 3a days after the date the notice is given, Lender is authorized to colleet and apply
<br />the Miscellaneous Ptoceeds either to r�torati,on or repair of the Property or to the sums secured by this
<br />Security �nsttvme�t, v�rhether or rntt tt�en, due. "Opposing Party" means the third party that owes Borrower
<br />Miscellaneous Procee� or the party against whom Borrower has a right of action in regazcE to Mis�ellan�us
<br />Procee�s.
<br />Borrower shalt be in default if any acrion or proceeding, whether civil or criminai, is begun that, in Lender's
<br />judgment, coutd res�ilt in forfeiture of the Property or other materiat impairment of Lender's interest in the
<br />Property or rights under this Security Instrument. Bonower can cure such a default and, if acceleration has
<br />occuned, reinstate as provided in Section 19, by causing the acrion or proceeding to be dismissed with a
<br />ruling that, in L.ender'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 InstYVment. The proceerls of any awazd or
<br />claim for datnages 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 are not applied to restoration or repair of the Property shall be applied in the
<br />order provided for in Section 2.
<br />NEBRASKA-Single Family-Fermie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />VMP �
<br />Wolters Kluwer Flnancial Services
<br />Form 3028 1/01
<br />VMP6INE) (1105)
<br />Page 10 of 17
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