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�01�065�2
<br />satisfacrion, provided that such inspection shall be undertaken promptly. Lender may pay for the repairs
<br />and restorarion in a single disbursement or in a series of progress payments as the work is completed.
<br />Unless an agreement is made in writing or Applicable Law requires interest to be paid on such
<br />Miscellan�us Proceeds, Lender sha11 not be required to pay Bonower any interest or earnings on such
<br />Miscellaneous Proceeds. If the restoration or repair is not economically feasible or Lender's security would
<br />be lessened, the Miscellaneous Proceeds shall be applied to the sums secu.red by this S�urity Instrument,
<br />whether or not then due, with the excess, if any, paid to Borrower. Such Miscellaneous Proceeds shall be
<br />applied in the order provided for in Section 2.
<br />In the event of a total taking, destruction, or loss in value of the Property, the Miscellaneous Proceeds shall
<br />be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any,
<br />paid to Borrower.
<br />In the event of a partial taking, destruction, or Ioss in value of the Property in which the fair market value of
<br />the Property immediately before the partial taking, destruction, or loss in value is equal to or greater than the
<br />amount of the sums secured by this 5ecurity Instrument immediately before the partial taking, destrucrion, or
<br />loss in vatue, unless Borrower and Lender otherwise agree in writing, the sums secured by this Security
<br />Instrument shall he reduced by the amount of the Miscellaneous Froceeds multiplied by the foliowing
<br />fraction: (a) the total a3nount of the sums se,cured immediateiy before the partial taking, desmiction, or loss
<br />in vatue divYded by (b) the fa.ir market value of the Progerty immediately before the partial taking,
<br />destruction, or 2oss in value. Any balance shall be paid to Bortower.
<br />In the event of a partial taking, destruction, or toss in value of the Property in which the fair market value of
<br />the ProperEy immediately lxfore the partial taking, destrucrion, or loss in value is less than the amount of the
<br />sums seeured immediately before the partial taldng, destntction, or Ioss in value, unless Borrower and
<br />Len�er otherwise agree in writing, the Miscelian�us Proceeds s�ia1� be applied to the sums secured by this
<br />S�utity in.cm,r�,�nt whether or not the sums are then dve.
<br />If the Property is abandoned by Bonawer, or if, a:fter notice by Lender to Bonower that the Opgosing Party
<br />(as defined in the next sentence) offers to make an award to settle a clann for damages, Borrower fails to
<br />respond to Lencier within 30 days after the date the norice is giveu, Lender is authorized to collect and apply
<br />the Miscellaneaus Proceeds either to restoration or repair of the Froperty or to the sums secured by this
<br />Security Instrument, whetl�er or not then due. "Opposing Party" m�ns the third party that owes Borrower
<br />1Vliscellaneous Proceeds or the part� agauzst whom Borrower has a right of action in regard to 1VYiscellaneous
<br />Proc,eeds.
<br />Borrower shall be in default if any action or proceeding, whether civil or criminal, is begun that, in Lender's
<br />judgment, could result in forfeiture of the Property or other material impairment of Lender's interest in the
<br />Property or rights under this Security Instrument. Borrower can cure such a default and, if accelerarion has
<br />occurred, reinstate as provided in Section 19, by causing the acrion or proceeding to be dismissed with a
<br />ruling that, in Lender's judgnent, precludes forfeiture of the Property or other material impairment of
<br />Lender's interest in the Property or rights under tkis Security Instrument. The proceeds of any awazd or
<br />claim for damages that are amibutable to the impairment of Lender's interest in the Property are hereby
<br />assigned and sha11 be paid to Lender.
<br />All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be applied in the
<br />order provided for in Section 2.
<br />/ �
<br />NEBRASKA-Single Family-Fannie Mae/Freddfe Mac UNIFORM INSTRUMENT
<br />VMP �
<br />Wolters Kluwer Financial Services
<br />Form 3028 1/01
<br />VMP6WE) 11105)
<br />Page 10 of 17
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