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201301079 <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 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 Tf the restoration or repair is not economically feasible or Lender's secunty 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 he <br /> applied in the order provided for in Section 2 <br /> In the event of a total taking, destruction, 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 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. destruction, or loss in value is equal to or greater than the <br /> amount of the sums secured by this Security Instrument immediately before the partial taking, destruction, or <br /> loss in value,unless Bonowet 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 secured immediately before the partial taking,destruction. or loss <br /> in value divided by (b)the fair market value of the Property immediately 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, destruction, or loss in value is less than the amoura of the <br /> sums secured immediately before the partial taking, destruction, or loss m value,unless Borrower and <br /> Lender otherwise agree to 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 Property is abandoned by Borrower, or if, after notice by Lender to Bonowet 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 notice is given,I„ender is authorized to collect and apply <br /> the Miscellaneous Proceeds either to restoration or repair of the Property or to the sums secured by this <br /> Security Instrument, whether or not then due "Opposing Party" means the third part) that owes Borrower <br /> Miscellaneous Proceeds or the party against whom Borrower has a right of action m 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 forfeiture of the Property or other material impairment of Lender's interest in the <br /> Property or rights under this Security Instrument 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 /> Lender'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 Lenders 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 apphed in the <br /> order provided for in Section 2 <br /> NEBRASKA Single Family=annne Mae/Predate Mac UNIFORM INSTRUMENT Form 302B 1101 <br /> VMP as VMPOtNri(1 r05)00 <br /> Wokers Queer F,nanc]al Serdces Page'0 of fit3y <br />