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2oi�ooloz Tf the Property is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of the Property, if the restoration or repair is economically feasible and Lender's security is not lessened. During such repair and restoration period, Lender shall have the right ta hold such Miscellaneous Proceeds until Lender has had an opportunity to inspect such Property to ensure the work has been completed to L,Qnder's satisfaction, pravided that such inspection shall be undertaken prarnptly. Lender rnay pay for the repairs and restaration 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 earnings on such Miscellaneous Proceeds. If the restoration or repair is not economically feasible or Lender's security would be lessened, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Tnstrument, whether or not then due, with the excess, if any, paid to Borcower. Such Miscellaneous Proceeds shall be applied in the order provided for in Section 2. In the event of a total taking, destruction, or loss in value of the Property, the Miscellaneous Praceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid ta Borrnwer. 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 equal to or greatex than the amount af the sums secured by this Security Instrument immediately before the partial taking, destruction, or loss in value, unless Borrower and Lender otherwise agree in writing, the sum.s secured by this Security Instrument shall be reduced by the amount of the Miscellaneous Proceeds multiplied by the following fraction: (a) the total arnount of the sums secured immediately before the partial takang, destruction, or loss in value divided by (b) the fair rnarket value of the Property immediately before the partial taking, destruction, ar 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 amount af the sums secured irnrnediately before the partial taking, destaruction, ar loss in value, unless Borrower and Lender otherwise agree in writing, the Miscellaneous Proceeds shall be applied to the sums secured by this Securiry Instrument whether or not the sums are then due. If the Froperty is abandoned by Borrower, or if, after notice by Lender to Borrower that the Opposing Party (as dsfined in the next sentence) offers to make an award to settle a claim for damages, Borcower fails to respond to L.ender within 30 days after the date the notice is given, Lender is authorized to collsct and apply the Miscellaneous Proceeds either to restoration or repair of the Property or to the sums secured by this Security Instrument, whether or not then due. "Opposing Party" means the third party that owes Borrower Miscellaneous Proceeds or the party against whom Barrnwer has a right of action in regard ta Miscellaneous Proceeds. NEBRASKA -- Single �'amily — Fannle MaelPYeddie Mac UNIF'ORM INSTR[IMENT Form 30Z8 0 �(� GCC- G3028-11 (09/01) (Page ll af X9) Initia