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�Q1107814
<br />satisfact�on, provided tha,t such inspection shall be undertaken promptly. Lender may pay for the repairs
<br />and restoration in a single disbutsement 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 />Miscellaneous Proceeds, Lender shall not be zequirecl to pay Borrower any interest or earninga 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 secured by this Security Instrwnent,
<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 Ptoceeds 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, destauction, or loss in value of the Property in which the fair market value of
<br />the Properly 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 Secutity Iustrument immediately before the partial taking, desh'uction, or
<br />loss in value, unless Bonower and Lender otherwise agree in writing, the sums secured by this Security
<br />Instnunent shall be reduced by the amount of the Miscellaneous Proceeds me�ltiplied by the following
<br />fraction: (a) the total amount of the sums secuted immediately before the partial taking, destruction, or loss
<br />in value divided by (b) the fair market value of the Property immediately before the partial taking,
<br />destruction, or loss in value. Any balance shall be paid to Boaower.
<br />Itt the event of a partial taking, desinzction, or loss 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 less than the amount of the
<br />sums secured immediately before the partial taking, destnxction, or loss in value, unless Bortower and
<br />Lender otherwise agree in writing, the Miscellaneous Proceeds shall be applied to the sums secuted by this
<br />Security Instrument whether or not the sums are then due.
<br />If the Property is abandoned by Bonower, or if, after notice by Lender to Borrower that the Opposing Party
<br />(as defined in the next sentence) offers to make au award to settle a claim for damages, Bonower fails to
<br />respond to Lender within 30 days after the date the notice is given, Lender is authorized to collect and apply
<br />the Miscellaneous Proceeds either �o restoration or repair o£the Property or to the sums secured by this
<br />Security Instnunent, whether or not then dne. "Opposing Party" means the third party that owes Bortower
<br />Miscellaneous Proceec�s or the party against whom Borrower has a right of action in regard to Miscellaneous
<br />Proceeds.
<br />Borrower shall be in default if any action or proceeding, whether civil or criminal, is beguu that, in Lender's
<br />judgment, could result in forfeiture of the Propetl.y 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 acceleration has
<br />occurred, reinstate as provided in Section 19, by causing the action or proceeding to be dismissed with a
<br />ruling that, in Lender's judgment, precludes forfeitute of the Property or other material impairment of
<br />Lender's interest in the Property or rights under this Security Instrument_ The proceeds of any award or
<br />claim for damages that are attributable to the iunpairment 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 Properly shall be applied in the
<br />order provided for in Section 2.
<br />NEBRASKASingle Family-Fannie Mae/Fraddie Mac UNIFORM INSTRUMENT �(' Fortn 30281/01
<br />vMP � � �(� VMPB(NE) (110b).00
<br />Woltera Kluwer Fnancial Services Paga 10 of 1T
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