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<br />satisfaction, provided that such inspecrion 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 le�sened, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrutnent,
<br />whether or not then due, with the excess, if any, paid to Bonower. Such Miscellaneous Proceeds shall be
<br />applie� in the order provided for in Se�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 Instrucnent, 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 xnarket value of
<br />the Property immediately before the partial taking, destruction, or loss in value is equal to or greater than the
<br />aznount of the sums secured by this Security Instrument immediately before the partial taking, destruction, or
<br />loss in. value, unless Borrower and Lender otherwise agree in writing, the sums secured by this Security
<br />Instrument shall be reduced by the amount of the Miscellaneous Proceecls multiplied by the following
<br />fraction: (a) the total amotmt of the sums secured immediately before the partial taking, destruction, or loss
<br />in value divided by (b) the fair market value of the Froperty immediately before the partial taking,
<br />�tion, or loss in value. Any baiance shall be paid to Borrower.
<br />Tn the event of a partiat taking, destr�crio�, or Ioss in value of the Property in wluch the fair market value of
<br />t�te Progerty immediately before the partial taking, cte.structiett, or Ioss imm vralue is less than the amount of the
<br />sur�s s�r� im�diatety l�fore xhe gartiai taking, destruction, or Iass iu vaTue, untess Borrower and
<br />Leuder ot�fierwise agree in wri�, the MisceIIaneous Proc�ds shalI be agplied to the sums se,cured by this
<br />Security I��ument vvhethes or �t ti�e sums are then �uue.
<br />If tiie Property is abandoned by Borrower, or if, after netic� by I.ender to Borrower that the Ogposing Party
<br />(as defined in the next sentercce) offers to make an award to settle a ciaim for damages, Borrower fails to
<br />respo� to Lender within 30 cfiays after the date the notice is givea, Lender is authorizect to collect and apply
<br />the Miscellaneous Pra�cis either to restoration or repair of the Property or to the sums secured by this
<br />Security Instrament, whether or not thea due. "Opposing Patty" meaas the ttiird pariy that owes Borrower
<br />Miscelianeous �ds ar the party against whom �orrower has a right of action in regard to Miscellaneous
<br />Proceeds.
<br />Borrower shall be in defauIt if any acrion or pr�ing, whether civil or criminal, is begun that, in Lender's
<br />juctgment, could result in forfeiture of the Property or other m�terial impairment of Lender's interest in the
<br />Fro�rty or rights under this Security Instiument. 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 />Lencter'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 />Ali Miscellaneous Proceeds tha.t 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-Fannie Mae/Fraddie Mac UNIFORM INSTRUMENT Form 3028 1/O7
<br />VMP � VMP61NE1 f11051
<br />Wotters Kluwer Financial Services Page 10 of 17
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