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201210951 satisfactian, provided that such inspection shall Ue undertaken promptly. Lendcr may pay for the repairs and restorarion in a single disbursement or in a series of progrzss payments as the work is completed. Uniess an agreement is made in wriring or Appli�able Law reqiures interest to be paid on such Miacellaneous Pmceeds, Lender shall not be requlred to pay Boxrower any interest pr e2rnings on such Miscellaneous Proceeds. If the restorarion or repau ie nRt economically feasible or Lender's secnrity would be lessened, the Miscellaneous Procecds shall be applied to the suxns secured by this Security Lnstnunent, whether or not then due, with the excess, if any, �aaid to Bc��rrower. Such Miscellaneous Proceeds shall be applied in the order provided far in Section 2. In lhe event of a total talcin�, destruction, ar loss in value of the Properry, the Miscellaneous Proceeds sliall. be applied to the sums secured by this Security Inshwnent, whether or not then dnc, with the�cess, if aay, paid to Borrower. � In the event of a partial takina, deshuction, or loss in value of the Property in�vhich the fair market value of the Property irnmedia[ely before thc partial taking, destruction, or loss in value is equal to or greater than Lhe axnount of the suws secured by this Security Insiruinent immediatel5�before the par[ial taking, destruction, or loss in value, unless Borrower and Lender otherwise a�ee in writing, the sutns secured by ihis Secucity Instnunent sI�all Ue reduced by ihe amount of the Miscellaneoiu Yroceeds multiplied by the following �raction: (a)the total amount of the suws secused immediately before the partial taldng, destrucrioa, or loss in value divided by(b)tfie fair market value of tlio Properry immediat�ly before the gaztial tak5ng, destruction, or loss in vahia Any balance sha11 be paid to Borrower. In the eveat�of a partial taking, destruction, or loss in value of the Property in which the fair market value of the Property inunediately before the partial tak:ng, destruction, or loss in value is less than the amount of the sums secured immediately be£ore ttte partial taking, destruction, or loss in valuz, �iless Borrower and Lender otherwise agee in writing; the MisceRaneous Proceeds shall be applied to flie surns secured by tlus Securit7 Instruulent whether or npt th�Sutns aze then due. If the Property is aUandoned by Borrower, or if, afrer notice by Lender to Borrower tliat the Opposing Paztp (as defined in the next sentence)offers to makc an award to settle a claim for damages, Borrowcr fails to xespand to Lender within 30 days after the date the notice is given, Lender is authonsed to coLlect and apply the Miscellancoas Procceds either to restoration or repair of the Property or to the sLuns secured by this Security Instnunent, �vhether or not then duc. "Opposing Party" means the third party[hat owes Borrower Miscellaneous Proceeda or the party against whom Bonower has a right of action in regard to Miscellaneous Proceeds. Borr��ver shall be in dzfault if any action or proceeding, whether civil ar crixninal; is begun that, in Lender's judgmeut, could result ui forfeihue oP the Proycsly ur olher muLerial unpainncnt of Lender's interest in ihe Property or rigJrts uuder this Secisity Instrunient. Roxrower cast cuYO such a default and, if aceelerarion has occurred, reinstate as provided in Section 19, by causing the action or proceetling to be disinissed with a ruling that, ir Lender's judgmeut, precludes forfeiture of the Properiy or other material impairment oP Lender's intcre.it in the Property or rights under this Security Inshument. The proceeds of any award or claim fox damages that are attributdble to the impairment of Lender s interest In the Property aze hereby assigned and sliall be paid to Lender. All Miscellatieous Procee�s that are not applied to restara�on or repair of the Proyertry shall Ue applied in the ordea psovided�Por in Section 2. 240031]P N EBRaSKA-Single`am ily-Fennie id ae/Fredtlie IA ac UNIFORA9 INSTRU h1 ET1T Form 3028 1/01 V h1 P@ VDd P6(NEJ(11�5) Nloltere Kluw er Financlal Services paga i 0 of 1 i