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<br />sarisfaction, provided that such inspecrion 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 earnings on such
<br />Miscellaneous Proceeds. If the restorarion or repair is not economically feasible or Lender's security would
<br />be lessened, the Miscellan�us Proceeds shall be applied to the sums secured by this S�urity Instru.ment,
<br />whether or not then due, with the excess, if any, paid to Bonower. 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 Security Instrument, whether or not then due, with the excess, if any,
<br />paid to Bonower.
<br />In the event of a pattial taking, destrucrion, 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 greaxer than the
<br />amount of the sums secured by this Security Instrument immediately before the partial taking, destruction, or
<br />loss in value, unless Borrov�rer and Lender otherwise agree in writing, the sums secured by this Security
<br />Instrument shall he reduced by the amount of the Miscellaneous Proceecis multiplied by the following
<br />fraction: (a) the total amount of the sums secured immediately before the partial taking, destrucrion, or loss
<br />in value dividefl by (b) the fair market value of the Property immediately before the partial taking,
<br />destrucrion, or loss in va2ue. Any balance shall be paid to Borrower.
<br />In the event of a partiat taking, destruction, or loss in value of the Property in which the fair market value of
<br />the Pro�reriy immediately before the gartiat taking, destrucrion, or Ioss in value is less than the amount of the
<br />sums se.cured immediately before the gartial taking, destruction, or Ioss in value, unless Borrower and
<br />Lender otheFwise agr� in writing, tlie Miscellaneous Proceeds shall be agplied to the sums secured by this
<br />Se,curity Insta� w�her or nc�t the sums are then due.
<br />If the Fro�rty is at�andoned by Borrower, or if, after notice by Lender to Borrower that the Opposing Party
<br />(as defined 'ut the next segtence) offers to make an award to settle a claim for damages, Borrower fails to
<br />respon@ to Lender within 30 c�ays after ttie date the notice is given, Lender is authorized to collect and apply
<br />the Miscell�us Proc.�s either to restoration or repair of the Property or to the sums secured by this
<br />Security �strc�t, whether or �t thea due. "Opposing Party" means the third party that owes Borrower
<br />Miscellaneous �s ar the party aga.i,nst whom Borrower has a right of acrion in regazd to Miscellaneous
<br />Proceeds.
<br />Borrower shall be in defautt if any acrion or proczeding, 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 />Properiy or rights under this Security Insttvment. Bonower can cure such a default and, if acceleration has
<br />occurred, reinstate as provided in Secrion 19, by causing the acrion or proceeding to be dismissed with a
<br />ruling that, in Lender's judgment, precludes forfeiture of the Property or other material impairment of
<br />Lender's interest in the Property or rights under this Securiry Instrument. The proceeds of any awazd or
<br />claim for damages that are attributable to the impairment of Lender's interest in the Property are hereby
<br />assigned and shall be paid to Lender.
<br />All Miscellaneous Proceeds that aze 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-Fannfe Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/O7
<br />VMP � VMPB(NEI (1105)
<br />Wolters Kluwer Financial Services Pape 10 of 17
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