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201301557 satisfaction provided that such inspection shall be undertaken prompty. Lender one pay lot the repaus and restoration in a single disbursement or in a series of progress payments as the work is completed Unless an agreement is made in writing or Applicable Law requires interest to be paid on such Miscellaneous Proceeds, Lender shall not be required to pay, Borrower any interest or.aniings on such Miscellaneous Proceeds. If the restoration or repair is not ecouonucalh feasible or Lender's security would be lessened- the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument. whether or not then due, with the excess, if any. paid to Borrower. Such Miscellaneous Proceeds shall be applied in the order provided for in Section 2 In the c\eel of a total taking. destruction. of loss iu \aloe of the Property, the Miscellaneous Proceeds shall be applied to the sums secured b\ this Security Instrument, whether or not then due,with Ile excess, if any paid to Benow•r. In the ement of partial taking- destruction_ or loss in value of the Property in which Ili. lair market I a n te the Property- immediately before die partial taking, destruction. or loss in value is equal to or greater than the amount of the sums secured by this Security Instrument immediately before the partial taking. destruction. of loss in value, unless Borrower and Lender otherwise agree in writing. the sums secured by this Security Instrument shall be reduced by the amount of the Miscellaneous Proceeds multiplied by the following fraction (a I the total amount of the sums secured immediately before the partial taking. destruction. or loss in value di ided by (b) the fair market value of the Property immediately before the partial taking. destruction, or loss in value Any balance shall be paid to Borrower. In the Gym it era partial lnlau9„ drstmc lion, or loss in value rd the Property iii winch the laic market \attic of tic Propedi it a tucdiatch before the pn€tial taking. destiLLetm tL or loss in value is less than the amount of the sums seemed immediately before Lhe partial taking, destuelion or loss an \attic. miles:-Rorrower and Lender(Ahem isc agree in writing. the Miscellaneous Proceeds shall be applied to toe sums secured b} this Security Instillment whether or not the sums are then due If the Property is abandoned by Borrower, or if. after notice by Lender to Borrow cr that the Opposing Party (as defined in the next sentence) offers to make an award to settle a claim for damages. Borrower fails to respond to Lender within 30 days after the date the notice is given. Lender is authorized to collect and appb the Miscellaneous Proceeds either to restoration or repair of the Property or to the stuns secured by this Security Instrument, whether or jot then clue "Opposing Party" means the third party that owes Borrower Miscellaneous Proceeds or die party against whom Borrower has a right of action in regard to Miscellaneous Proceeds. Borrower shall be in default of any action or proceeding. i1hrtlie..e (Tv II or criminal. is begun that, in l.cndcl judgment could result in lbrleiwrt of the Proncrli or utir€ Inab•rial ingruruuuet of T.rulers micros' in Ibr Proper() or nuhis under this Seeunb [rlsinuucuL Borrow its tali cure such a default and, if acceleration has occurred, reinstate as provided in Section 19.by causing the action or proceeding to be dismissed with a ruling that in Lender's judgment precludes forfeiture of the Property or other material impairment of Lender's interest in the Property or nghts under this Security instrument. The proceeds of any award or claim for damages that are attributable to the impairment of Lender's interest in the Property are hereby assigned and shall be paid to Leaden All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be applied in the order provided for in Section 2. NEBRASKA-Single Family-rann.e Mae/Freddie Mac UNF0 ii INSTRUMENT - Form 3021.Lir VMP® VMPS(NE)(110'_)00 Wolters Kluwer Financial Sep,ces Page 10 of 1; •