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<br /> satisfaction, provided that sucli inspection sha11 be undertalcen promptly. Lender inay pay For tlie i•eplirs
<br /> and restoration in a siiigle disvursement or in a series oP progress payments as the worlc is comple'ted,
<br /> Ui�less an agreeinent is 1n1de in writulg or Applicable I,aw requires interest to be paid on sttch
<br /> 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 econoinically feasible or Lender's security would
<br /> be lessened, the Miscellaneous Proceeds shalll��applied to the suins securecl by this Security Instrument,
<br /> whether or not tihen due, witl�tl�a excess, if aziy, paid to Borrower, Such Miscelraneous Proeeeds shall Ue
<br /> applied in t11e order provided for in Sectioil2.
<br /> In the event of a�ota1 talcing, d�struction, or loss in vahie of the Property, the IVIiscellaneous Proceeds shall
<br /> be applied to the sains sectired Uy this Security Instruinent, whether or not then due, wit1�the excess, iI'aizy,
<br /> paid to Borrower.
<br /> In the event of a parti�l talcing, destruction, or loss in value of the Property in which the fair marlcet value of
<br /> the T'ropert�iiiunediately�efore the parlia�l talciug, destniction, nr loss iii valne is eqtial to or greater than the
<br /> amouu��oL tlie�sums�secLired by this Security Instrurnent immediately before the partial talcing, destruction, or
<br /> loss in value, unless Borrower ai�c�Lender dtherwise agree in writing, the st�ins securec�by this Security
<br /> Instrum�nt shall Ue reduced by the amount of the Miscellaneous Proceeds multipliecl by�he following
<br /> fi•a�ction: (a)the to�a�l a,motitnt of the sums secured imn�ediately before the partial tal�ing, destruction, or loss
<br /> in va.lue ciivided by(b)the fair m�i•lee�value o£the Property u�unediately before the parEial talcing,
<br /> destruction, or loss iii value, Any Ual�uce shall be paid to Borrower.
<br /> Iu the event o�'a p�rtial talcing, destruction, oi'loss in value of the Property in whieh the fair inarlcet value or
<br /> the Property itnmediately before the partial�alciiig, destruction, or loss in value is less ih�n ihe amount of the
<br /> suins secured iininediately before the p�trti�l talcing, destruction, or loss in v�lue, unless Boirower and
<br /> Lender otllerwise�gree in writiulg, the Miscellaneous Proceeds shall be applied to t11e suins secured by this
<br /> Security Instrument whether or not the sutns�re then due.
<br /> If the Property is abandoned Uy Borrower, or if, after notice Uy Lender to Borrower that the Opposing Pai�ty
<br /> (as deFined in the next sentence) o�Fe�•s to malce an award to settle a claiiil for dai�l�ges, Borrower fails to
<br /> respond to Lender within 30 clays after the d�te the notice is given, Lender is authorized to collect and�pply
<br /> the Miscellaneous Proceeds either to restoration or repair o�the Property or to the sums secured by this
<br /> Security Instrument, wliether or not then due, "Opposing 1'aity" means the thirc�pas•ty thlt owes Borrower
<br /> Miscellaneous Proceeds or the party against whom Borrower li�s a right of action in regard to Miscell�tneous
<br /> Proceeds.
<br /> Borrower shall be in def�ult if any action or proceecling, whether civil or crimin�l, is Uegun that, in Lender's
<br /> judg�enl, could result in forfeiture of the Pro�erty or other material impairment of Lender's�uitei•est in the
<br /> Pro�erty or rights under this Sectuii;y I�stilunent. Borrower c�cure sueh a defa�ult and, if�cceleration lias
<br /> occurred, reinstate as provided u1 Section 1�, by causi�ig t�te act�on or proceeding to be disinissetl wit'h a �
<br /> ruling th�t, nz Lenc�er's ju�dgment, prechides forfeiture of the Pr�perty or other m�terial ii�pairment of
<br /> Lendar's interost in the Property or rights under�l�s Security Instrument, Tl�e proeeeds of a�iy awa�•d or
<br /> cla�iz for daina�ges that 1re�a�ttributable to the�ilpaument of Lender'�s in�erest in the Property are hereby
<br /> assigned 1nd sh111 be paid to Lender.
<br /> All Miscellaneous Proceeds th�t as•e not applied to restoration or rep�ii•of the Property shall Ue applied in the
<br /> order provided for in Section 2.
<br /> 231231
<br /> NEBRASKA-Single Family-Fannle Mae/Fretltlle Mac UNIFORM INSTRUMENT Form 3028 1I01
<br /> VM P O VM P6(NE)(1106)
<br /> Wolters Kluwer Financial Services Page 10 of 17
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