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<br />satisfaction, provided that such inspection shall be undertaken promptly. Lender may pay For the repairs
<br />and r�toration in a single disbursement or in a series of progress payments as the work is completed.
<br />Unless axe agreement is made in writing or Applicable Law requires interest to b� paid on such
<br />A/Iiscellaneous Proceeds, Lender shall not be required to pay Bozrower any interest or earnings on such
<br />Miscellaneous Proceeds. If the restoration or repair is not economically f�sible or Lemder's sccuii€y would
<br />be l�ssened, the Miscellaneous Praceeds shall be applied to the sums seaured by this Security Inshwnent,
<br />whether oz not then due, with the excess, if any, paid to Boaower. Such MisceIianeous Proceeds shaIl be
<br />applied in the arder pxovided for in Section 2.
<br />In the svent of a tofal taking, destrucfion, ar loss in value of the Property, the Miscellaneous Procaeds shall
<br />be apglied to the sums secured by this Security Tnatrument, whether or nat then due, with the excess, if auy,
<br />paid ta Borrower.
<br />In tlie event af a partial taking, destruction, or loss iu value of the Property in which the fair market value o£
<br />tlie Properiy immediately before the partial taking, destructian, or loss in value is equal to or greater than the
<br />ain:auut of the sums secured by this Security Tnstrument immediately before the paztial taking, desh�uction, or
<br />lass in value, u:aiess Borrower and Lender otherwise agree in writing, the sums secur�ci bq t3us Security
<br />Instrument shall be reduced by the amnunt of the Miscellaneous Prnceeds multiplied by the £ollowiag
<br />&action: (a) the total amount of the sums secured immediately before tbe partial taking, desk�uction, or loss
<br />in value divided by (b) the fair market value of the Praperty immediately before the partiai taki.ng,
<br />destruction, or loss in value. Any balance sixall be paid to Bonrower.
<br />Tu the event of a partial takcing, destrucrion, or loss in valus of th� P'toperiy in which the fair market valu.e o£
<br />the Property immediatelq before the partial taking, desfruction, or loss in value is less than the amount of the
<br />sunns.secured immediately before the partial taking, destzuction, or loss in value, unless Borrower and
<br />Lender otherwise agree in wciting, the Miscellaneous Proceeds shall be applied to the sums seow�ed by this
<br />Secvrity Tustnument whether or not the sums are ttien due.
<br />If ihe Property is abandoned by Bozrower, or if, af�er notice by Lender to Borrawer that the Opposing Party
<br />(as defined 'ua the ttext sentence) offers to raake an award to settle a clai.m for damages, Borrower faiis to
<br />respond to Lender within 30 days after the date the notice is given, Lender is authozized to collect and apply
<br />the Miscellaneous Pmceeds either to restoration or repair of the Property or to the sums secured by this
<br />Security Instrument, whethet or not then due_ "Opposing Pazty" means the third party that owes Borrower
<br />MiscelIaneous Proceeds or the party against whom Borrower has a right of action in regard to Miscellaneous
<br />Proceecis.
<br />Bonower s�all be in default if any action or proceeding, whether civil or criminal, is begun that, in Lender's
<br />judgment, couId result in forfeihue of the Property or other material impairment of Lender's interest in the
<br />Property or rigiats under this Seciuity Instruwent. Borrower can cure such a default and if accelerarion has
<br />occurred, zeinstate as pzovided in Secrion 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 ot�►er material impaument of
<br />Lender's interest in the Ptoperfy or rights undez this Security Instruwent. The proceeds of airy award ar
<br />claim for damages that are attributable to the impairment of Lender's interest in fhe Property are hereby
<br />assign�d and shall be paid to Lender.
<br />All Miscellaneous Praceeds that are not apglied to restoration or repair of the Property shall be applied in the
<br />ordez provided for in Section 2.
<br />NEBRASKA�Single Familp-Fannie RAaelFradde Mac UNIFORM INSTRUbtENT Form 30291l07
<br />VMP � VMPB(NE) (11Q5).4U
<br />WoHers Kluwer Financial3ervicas Paga 10 op 77
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