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201008399 If the Property is damaged, snch Miscellaneous Proceeds shall he applied to restoration or repair of the Property, if the restoration or repair is econnmically feasi6le and Lender's security is nat lessened. During such repair and restoration period, Lender shall have the right to hold such Miscellaneous Proceeds until Lender has had an opportunity to inspect such Property to ensure the work has been completed to Lender's satisfaction, provided that such inspection shall be andertaken promptly. Lender may pay for the repairs and restorativn in a single disbursement or in a series of pragress payments as the work is completed. Unless an agreement is rnade in writing or Applicahle Law requires interest to be paid an such Miscellaneous Proceeds, Lender shall not be required to pay Borrower any interest or earnings on such Miscellaneons Proceeds. If the restorativn or repair is not economically feasible or Lender's security would be lessened, the Miscellaneous Prnceeds shall be applied to the sums secured by this 5ecurity Instrurnent, whether or not then due, with the excess, if any, paid to Borrawer. Such Miscellaneous Praceeds shall be applied in the order provided for in Section 2. In the event of a total taking, destruction, or loss in value nf the Property, 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. In the event of a partial taking, destructinn, or loss in value of the Property in which the fair market value of the Property immediately before the part�al taking, destruction, or loss in value is equal tn or greater than the amount of the sums secnred by this Security Instrurnent immediately before the partial taking, destruction, or loss in value, unless Borrawer and Lender otherwise agree in writing, the sums secared by this Security Instrument shall he reduced by the amount of the Miscellaneous Proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately before the partial taking, destruction, or loss in valne divided by (b) the fair market value of the Property imtnediately before the partial taking, destruction, or loss in value. Any balance shall be paid to Borrower. In the event of a partial taking, destruction, or loss in value of the Property in which the fair market value of the Property immediately before the partial taking, destruction, or loss in value is less than the arnount of the sums secured irnmediately before the partial taking, destruction, or loss in value, unless Borrower and Lender otherwise agree in writing, the Miscellanenus Proceeds shall be applied to the snms secured by this Security Instrument whether or not the sums are then due. If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the Qpposing Party (as defined in the next sentence) offers to make an award to setde a claim for damages, Borrower fails to respond ta Lender within 30 days after the date the notice is given, Lender is authorized to collect and apply the Miscellaneous Proceeds either to restoration or repair of the Property or to the sums secnred by this Security Instrument, whether or not then due. "Opposing Party" rneans the third party that owes Borrower Miscellaneous Praceeds or the party against whom Borrower has a right of action in regard to Miscellaneous Proceeds. NESRASKA � S�ngle Famlly -- Fannie MedFraddi� M�e 11MFORM INSTAUMSt�f Forw Aa18 1! 1` GCC- Q3028-11 (04/Ol) (Page Il of19) Tnitials: ��