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� If 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 to hold such Miscellaneous Proceeds until Lender has had an opportunity to inspect snch Property to ensure the work has been completed to Lender's satisfaction, provided that such inspectlon shall be undertaken prompfly. Lender may pay for the repairs and restoration in a single disbursement or u► a sedes of progress payments as the work is completed. Unless an agreement is made in writing or Applicable Law reqnires interest to be paid on such Miscellaneous Proceeds, Lender shall not be required to pay Bonower any interest or earnings on such Miscellaneous Proceeds. If the restoration or repair is not econotnically 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 We excess, if any, paid to Borrower. Such Miscellaneous Proceeds shall be applied in the order provided for in SecHon 2. In the event of a total taking, destrucflon, or loss in value of the Property, the Miscellaneous Proceeds shall be appfled 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, destr�cHon, or loss in value of the Property in which the fau� market value of the Property immediately before We partial taking, destrucflon, 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, destrucflon, or loss in value, unless Borrower and Lender oWerwise 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) the total amount of the sums secured immediately before the partial taking, destruction, or loss in value divided 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 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 of the swns secured immediately before the partial taking, destruction, or loss in value, iuiless Borrower and Lender otherwise agree in writing, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument whether or not the sums are then due. If the Property is alnandoned by Borrower, or if, after noflce by Lender to Borrower 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 apply the Miscellaneous Proceeds either to restoraflon or repair of the Property or to the sums secured by this Security Instrument, whether or not then due. "Opposing Party" means the third par[y that owes Borrower Miscellaneous Proceeds or the party against whom Borrower has a rlght of action in regard to Miscellaneous Proceeds. NEBRA$�.A — Single Famtly -- Fannia MaelFreddia Mae Ut1II+ORM INSTRU11�Tf Form 3028 U01 �,,, / GCC- G302&I1 (09/Ol) (Page 11 of19) Iaitials: ��