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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 complet�.
<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 s�ch
<br />Miscellaneous Proceeds. If the restoration or repair is not economically feasible or Lender's security would
<br />t� lessened, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument,
<br />whether or not then due, with the exc.ess, if any, paid to Borrower. Such Miscellaneous Proceeds shall be
<br />applied in the order providefl for in Section 2.
<br />In the event of a wtal taking, destruction, or loss in value of the Properry, the Miscellaneous Proceeds shall
<br />be applie� to the sums secured by this Seciuity 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 Properry in which the fair market value of
<br />the Property immediately before the partial taking, destruction, or loss in value is e�ual to or greater than the
<br />amount of the sums secured by this Security Insm�ment immediately before the partial taking, destrucdon, or
<br />loss in value, unless Borrower and Lender otherwise agree in writing, the sums secured by this Seaurity
<br />Instr�ment shall be refluced by the amount of the Miscellaneous Proc�eds multiplied by the following
<br />fiaction: (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 Properry imm�iately before the partial taking,
<br />destruction, or loss in value. Any balance shall be 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 Property immediately before the partial taking, destivction, 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 Properry is abandoned by Borrower, or if, after notice by Lender to Borrower that the Opposing Parry
<br />(as defined in the next sentence) offers to make an award to settle a claim for damages, Borrower fails to
<br />respond to L.ender within 30 days after the date the notice is given, Lender is authorizal to collect and apply
<br />the Miscellaneous Proceeds either w restoration or repair of the Properry or to the sums se,�urefl by this
<br />Security Instrument, 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 action in regard to Miscellan�us
<br />Proce�s.
<br />Borrower shall be in default if any action or proceeding, whether civil or criminal, is begun that, in Lender's
<br />jud�ent, could result in forfeiture of the Properry or other material impairment of Lender's interest in the
<br />Property or rights under this Security Inst�wment. Borrower can cure such a default and, if acr.sleration has
<br />occurred, reinstate as provid� in Section 19, by causing the action or proceeding to be dismissed with a
<br />ruling that, in Lender's judgment, pre�cludes forfeiture of the Pro�rty or other material impairment of
<br />Lender's interest in the Properry or rights under this Security Instrument. The proceais 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 Proceefls that are not applied to restoration or repair of the Pro�rry shall be applied in the
<br />order provided for in Section 2.
<br />NEBRASKA-Singte Fempy-Fannie Maelheddia Mac UNIFORM INSTRUMENT Form 3026 1/01
<br />VMP � VMPB(NE) (11061.00
<br />Wohers Kluwar Flnendal Sarvicee Paga 10 oi 17
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