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<br />If the Properly is damaged, such Miscellaneous Proceeds sha11 be applied to restoration or repair of the Property, if the
<br />restoration or repair is economically feasible a.nd Lender's security is not lessened. During such repair and restoration
<br />period, Lender sha.11 have the right to hold such Miscellaneous Proceeds until Lender has had an opporhinity to inspect
<br />such Property to ensure the work has been completed to Lender's satisfa.ction, provided that such inspection shall be
<br />undertaken promptly. Lender may pay for the repairs and restoration in a single disbursement or in a series of progress
<br />payments as the work is completed. Unless an agreement is made in writing or Applicable Law requires interest to be
<br />paid on such Miscellaneous Proceeds, Lender shall not be required to pay Borrower any interest or earnings on such
<br />Miscellaneous Proceeds. If the restoration or repair is not economically feasible or Lender's security would be lessened,
<br />the Miscellaneous Proceeds shall be applied to the sums secured by this 5ecurity Insirument, whether or not then due,
<br />with the excess, if any, paid to Borrower. Such Miscellaneous Proceeds shall be applied in tl�e order provided for in
<br />Section 2.
<br />In the event of a total taking, destruction, or loss in value of the Property, the Miscellaneous Proceeds shall be applied .to
<br />the sums secured by this Security Insttument, whether or not then due, with the excess, if any, 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 the Properly
<br />immediately before the partial taking, destntction, or loss in value is equal to or greater than the amount of the sums
<br />secured by this Security Instrument immediately before the partial taking, destruction, or loss in value, unless Borrower
<br />and Lender otherwise agree in writing, the sums secured by this Security Inshument shall be reduced by the a.mount of
<br />the Miscellaneous Proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately
<br />before the partial taking, destruction, or loss in value divided by (b) the fair market value of the Property immediately
<br />before the partial taking, destntction, or loss in value. Any bala.nce shall be paid to Borrower.
<br />In the event of a partial t�king, deshuction, or loss in value of the Property in which the fair market value of the Property
<br />immediately before the partial taking, destntction, or loss in value is less than the amount of the sums secured immediately
<br />before the partial taking, desttuction, or loss in value, unless Bonower and Lender otherwise agree in writing, the
<br />Miscellaneous Proceeds sha11 be applied to the sums secured by this Security Instivment whether or not the sums are
<br />then due.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower tha.t the Opposing Party (as defined
<br />in the next sentence) offers to make an award to settle a claim for damages, Borrower fails to respond to Lender within
<br />30 days after the date the notice is given, Lender is authorized to collect and apply the Miscellaneous Proceeds either to
<br />restoration or repair of the Property or to the sums secured by this Security Insirument, whether or not then due. "Opposing
<br />Party" means the third party tha.t owes B orrower Miscellaneous Proceeds or the party against whom Borrower has a right
<br />of action in regard to Miscellaneous Proceeds.
<br />Borrower sha.11 be in default if any action or proceeding, whether civil or criminal, is begun that, in Lender's judgment,
<br />could result in forfeiture of the Property or other material impairment of Lender's interest in the Property or rights under
<br />this Security Insirument. Borrower can cure such a default and, if acceleration has occurred, reinstate as provided in
<br />Section 19, by causing the action or proceeding to be dismissed with a ruling that, in Lender's judgment, precludes
<br />forfeiture of the Property or other material impairment o� Lender's interest in the Properiy or rights under this Security
<br />Instrument. The proceeds of any award or claim for damages that are attributable to the impairment of Lender's interest
<br />in the Property are hereby assigned and shall be paid to Lender.
<br />All Miscellaneous Proceeds that are not applied to restoration or repair of the Property sha11 be applied in the order
<br />provided for in Section 2.
<br />12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or
<br />modification of amortization of the sums secured by this Securily Instrument granted by Lender to Bonower or any
<br />Successor in Interest of Bonower shall not operate to relea.se the liability of Borrower or any Successors in Interest of
<br />Borrower. Lender shall not be required to commence proceedings against any Successor in Interest of Borrower or to
<br />refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrumentby
<br />reason of any demand made by the original Bortower or any Successors in Interest of Borrower. Any forbearance by
<br />HCFG-003fi9
<br />NEBRASKASingle Family-Fannie MaelFreddie Mec UNIFORM INSTRUMENT Fortn 30281/01
<br />VMP�
<br />Woltera Kluaver Finencfel Servic� 201104254.0.0.0.4002-J20100902Y Page 8 ot 13
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