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<br />satisfaction, provided that such inspection shall be undertaken promptly. Lender may pay for the repairs
<br />and restoration 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 />Miscellaneous Proceeds, Lender shall not be required to pay Bonower any interest or eamings on such
<br />Miscellaneous Proceeds. If the restoration or repair is not economically feasible or Lender's security would
<br />be lessened, the Miscellaneous Proc.eeds shatl be applied to the sums secured by this Security 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 Secuxity Instrument, whether or not then due, with the excess, if any,
<br />pai@ 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
<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 Security Instrument immediately before the partial taking, destruction, or
<br />loss in value, unless �onower and Lender ottierwise agree in writing, the swns secured by this Security
<br />Instrument shali be reduced by the amount of the Miscellaneous Proceeds muttiplied by the fotlov�ing
<br />fraction: (a) the total amount af the sums secured immediately before the partiat talang, desriuctian, or toss
<br />in value divided by (b) the fair mazket value of the Property immediately befare the partial taking,
<br />destruction, or loss in value. Any balance shall be paid to Borrower.
<br />In the event of a partial taking, desUuction, or loss in value of the Property in which the fair market value of
<br />the Property imrnediately before the partial taking, destruetion, or loss in vaIue is less than the amount of the
<br />sums secured immediately before the partial taking, destrnction, or loss in value, uniess Borrower and
<br />Lender otherwise agree in writing, the Miscellaneous Proceeds shall be applied to the sums seeured by this
<br />Security Instnunent whether ar not the sums aze then due.
<br />If the Property is abandoned by Barrower, or if, after notice by Lender to Borrower that the f}pposing Party
<br />(as defined in the rrext sentence) offers to mal�e an award ta settle a claim for damages, Borrower fails to
<br />respond to Lender within 30 days after the date the notice is given, L.ender is authorized to collect and apply
<br />the Miscellaneous Proceeds either to restoration or repair of the Property or to the sums secured by this
<br />Security Instrument, whether or not then due. "�posing Party" means the third party that owes Barrower
<br />Miscellaneous Proceeds 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 acrion 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 ctefault and, if acceleration has
<br />occurr�l, 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 forfeiture of the Property or other material unpairment of
<br />L�nder's interest in the Property or rights under this Security Instnunent. The proceeds of any award or
<br />claim for damages that are attributable to the impairment of Lender's interest in the Property are hereby
<br />assigned and shalt be paid to Lender.
<br />All Miscellan�us 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 />NEBRASKA-Single Family-Fannie MaelFreddie Mac UNIFORM INSTRUMENT
<br />VMP �
<br />Wolters Kluwer Financial Services
<br />Form 3028 1/Ot
<br />VMP6INE) 11105)
<br />Page 10 of 17
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