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�p1107�29 to receive � refund of any Mortgage Insurance premiams that were unearned at the time of such caacellation or termination. 11. Assignment of Miseellaneous Proceeds; ForFeiture. All Miscellaneous Proceeds are hereby assigned to and sha11 be paid to Lender. 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 sucb repair and restoration period, Lender shall have the right to hold such Miscellaneous Proceeds until Lender has ha,d an opportunity to inspect such Property to ensure the work has been completed to Lender's satisfaction, provided tha.t such inspection sha,ll be undertaken promptly. Lender may pay for the repairs a.nd restoration in a single disbursement or in a series of progress payments as the work is completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on snch Miscellaneous Proceeds, Lender shall not be required to pay Borrower any interest or earnings on s�tch Miscellaneous Proceeds. If the restoration or repair is not economically feasible or Lender's security would be lessened, the Miseellaneous Proceeds shall be applied to the sums secured by this Security Instaument, whether or not then due, with the e�tcess, if any, paid to Bortower. Such Miscellaneous Proceeds shall be applied in the order provided for in Section 2. In the event of a total taking, destruction, or loss in va.lue of the Property, the Miscellaneous Proceeds sha11 be applied to the sums secured by this Security Instrament, whether or not then due, with the excess, if any, paid to Bortower. In the event of a partial taking, destruction, or Ioss in value of the Property in which the fair ma.rket value of the Property immediately before the partial taking, deshuction, or loss in value is equal to or greater than the amount of the sums secured by this Security Inshument immediately before the partial taking, deshuction, or loss in value, unless Borrower and Lettder othervvise 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 Properly immediately before the partial taking, deshuction, or Ioss in value. Any balance shall be paid to Borrower. In the event of a partial ta.king, destruction, or loss in value of the Property in which the fair market value of the Property immediately before the partia,l taking, destruction, or loss in value is less than the amount of the sums secured immediately before the partial taking, destruction, or loss in value, unless Borrower and Lender otherwise agtee in writing, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instiument whether or not the sums are then due. If the Property is abandoned by Bonower, or if, after notice by Lender to Bonower that the Opposing Party (as defined in the next sentence) offers to make an award to settle a claim for damages, Barrower fails to respond to Lender witlun 30 days after the date the notice is given, Lender is authorized to collect and apply the Miscellaneous Proceeds either to restoration or repair of the Property or to the sums secured by tlus Security Instrument, whether or not then due. "Opposing Party" means the third party that owes Borrower Miscella.neous Proceeds or the party against whom Borrower has a right of action in regard to Miscellaneous Proceeds. HCFG-Oa159 NEBRASKASingle Famity-Fannie MaelFreddie Mac UNIFORM INSTRUMENT VMP� Wolte�a Kluaver Flnanclal3ervicea 201110724.0.0,0.4002-J20170525Y Form 3028 1/01 D3/11 Pege 10 of 17 .�