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<br />11. Assignment of Miscellaneous Proceeds; ForFeiture. All Miscellaneous Proceeds are hereby assigned to and
<br />shall be paid to Lender.
<br />If the Properly is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of the Properly, if the
<br />restoration or repa.ir is economically feasible and Lender's security is not lessened. During such repair and restoration
<br />period, Lender shall have the right to hold such Miscellaneous Proceeds until Lender has had an opportunity to inspect
<br />such Property to ensure the work has been completed to Lender's satisfaction, provided that such inspection shall be
<br />underta.ken 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 Instrument, whether or not then due,
<br />with the excess, if any, paid to Borrower. Such Miscellaneous Proceeds shall be applied in the order provided for in
<br />Section 2.
<br />In the event of a total ta.king, destruction, or loss in value of the Property, the Miscellaneous Proceeds shall be applied to
<br />the sums secured by this 5ecurity Instrument, whether or not then due, with the excess, if any, paid to Bonower.
<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 a.mount of the sums
<br />secured by this Security Instrument immediately before the paxtial taking, destruction, or loss in value, unless Borrower
<br />and Lender otherwise agree in writing, the sums secured by tlus Security Insttument shall be reduced by the amount of
<br />the Miscellaneous Proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately
<br />before the parkial ta.king, destruction, or loss in value divided by (b) the fair market value of the Property immediately
<br />before the partial taking, deshuction, or loss in value. Any balance shall be paid to Bonower.
<br />In the event of a partial taking, destruction, or loss in value of the Properly in which the fa.ir market value of the Property
<br />immediately before the partial talting, destruction, or loss in value is less than the amount of the sums secured immediately
<br />before the pastial taking, destruction, or loss in value, unless Borrower and Lender otherwise agree in wriUing, the
<br />Miscellaneous Proceeds shall be applied to the sums secured by this Security Inshument 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 that the Opposing Pa.rly (as defined
<br />in the next sentence) offers to make an awaxd to settle a claim for da.mages, Bonower fails to respond to Lender within
<br />30 days after the date the notice is given, Lender is authorized to collect wd apply the Miscellaneous Proceeds either to
<br />restoration or repa.ir of the Properiy or to the sums secured by this Security Inshument, whether or not then due. "Opposing
<br />Party" means the third party that owes Borrower Miscellaneous Proceeds or the party against whom Borrower has a right
<br />of action in regard to Miscellaneous Proceeds.
<br />Borrower shall 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 Properly or other material impairment of Lender's interest in the Properly or rights under
<br />this Security Instrumen� 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 />forfeiiure of the Property or other material impairment of Lender's interest in the Property or rights under this 5ecurity
<br />Instrument. The proceeds of any award or claim for damages that are attributable to the impaument of Lender's interest
<br />in the Property axe hereby assigned and shall be paid to Lender.
<br />All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be applied in the order
<br />provided for in Section 2.
<br />12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension ofthe time forpayment or
<br />modification of amortization of the sums secured by this 5ecurity Instntment gra.nted by Lender to Bonower or any
<br />Successor in Interest of Borrower sha.11 not operate to release the liability of Borrower or any Successors in Interest of
<br />HCFG-00359
<br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />VMP�
<br />Woltara Kluwer Fina�ial Services 201107294.0.0.0.4002-J20110224Y
<br />Form 302B 7N1
<br />Page 8 oi 13
<br />• 306 11
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