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�01208591
<br />satisfaction, pmvided 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 pmgress 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 Ptoceeds, Lender shall not be required to pay Bortower any interest or earnings on such
<br />Miscellaneous Proceeds. If the restorarion 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 Borrower. Such Miscellaneous Proceeds shall be
<br />applied in the order provided for in Section 2.
<br />In the event of a total taking, destsucrion, or loss in value of the Propercy, the Miscellaneous Proceeds shall
<br />be applied to the sums secured by this Security Insttument, whether or not then due, with the excess, if any,
<br />paid to Bortower.
<br />In the event of a partial taking, destruction, or loss in value of the Property in which the fair mazket 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 secured by this Security Insirument 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 Proceeds multiplied by the following
<br />fraction: (a) the total amount of the sums secuted immediately before the partial taking, destrucrion, or loss
<br />in value divided by (b) the fair mazket value of the Property immediately before the partial taking,
<br />deshucrion, or loss in value. Any balance shall be paid to Borrower.
<br />In the event of a partial taking, desttucrion, 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 less than the amount of the
<br />sums secured immediately before the partial taking, destntction, or loss in value, unless Bonower and
<br />Lender otherwise agree in writing, the Miscellaneous Proceeds shall be applied to the sums secured by t}us
<br />Security Instrum.ent whether or not the sums are then due.
<br />If the Properly is abandoned by Bonower, or if, after norice by Lender to Borrower that the Opposing Party
<br />(as defined in the next sentence) offers to make an award to settle a claim for damages, Borrower fails to
<br />respond to Lender within 30 days after the date the norice is given Lender is authorized to collect and apply
<br />the Miscellaneous Proceeds either to restoration or repair of the Ptoperty or to the sums secured by this
<br />Security Inslrument, whether or not then due. "Opposing Party" means the third party that owes Borrower
<br />Miscellaneous Proceeds or the party 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 in forfeitute of the Property or other material impairment of Lender's interest in the
<br />Properiy or rights under this Secutity Inshvment. Borrower can cure such a default and, if accelerarion 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 Properiy or other material impairment of
<br />Lender's interest in the Property or rights under this Security Insh�ment. The proceeds of any award or
<br />claim for damages that are atttibutable 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 />NEBRASKASingle Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Fortn 30281l01
<br />VMP � VMPB(NE) (1'105).00
<br />Wolters Kluwer Finencial Servicea Page 10 of 17
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