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201201755
<br /> satisfaction, provided that such inspecrion shall be nnr�Prrala�+p�ptiy, �der 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 Borrower any intetest or earnings on such
<br /> Miscellaneous Procceds. If the restoration or repair is not economically feasible or Lender's security wouid
<br /> be lessened, the Miscellaneous Proce�ds sl�l]be applied to the sums s�ured by this Security Instrument,
<br /> whether or not Wen due, with the excess, if any,paid to Borrower. Suc�Miscellaneous Proc�ds 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 Misczllaneous procceds sLatl
<br /> be applied to the sums s�ured by this S�urity Instrument, whether or not then due, with the excess, if any,
<br /> paid to Borrower.
<br /> In the event of a partial talring, desuvction, or loss in value of the Property in which the fair market value of
<br /> the Properry immediazely before the partial tatdng, destracdon, or lass in value is equal to or greater than the
<br /> amount of the sums secured by this Security Instrumem immediazely before the partial taldng, destcuction, or
<br /> loss in value,unless Borrower and Lender otherwise agree in writing,the sums secured by this Security
<br /> Inctrument sUall be reduced by the amount of the Miscellaneous Proceeds multiplied by the following
<br /> Cnction: (a)ihe total amount of the sums secured imme�iazely before the partial taking, des[cucUan, or loss
<br /> in value divided by(b)the fair market value of the Property immediately before the partial taking,
<br /> destruction, or loss in value. Any bal�ce shall be paid to Borrower.
<br /> [n the event of a partial taking, destruction, or loss in value of the Property in whic]i the fair market value of
<br /> the Property i�ediately before the paztial ta�ng, destrucrion, or loss in value is less than the amoimt of the
<br /> sums secure�immediately before the partial taking,desuvction, or loss in value,unless Borrower and
<br /> Iender otherwise agree in writing, the Miscellan�us Proceeds shall be applied to the sums se�,vred 6y this
<br /> Security Instrument whether or nat the sums are then due.
<br /> If the Property is abandoned by Borrower, or if, after notice 6y Lender to Horrower that the Opposing Parry
<br /> (as deflned in the next sentence)offers to make an award to settle a claim for damages, Borrower fails to
<br /> respond to Lender within 30 days after the date the no6ce is given, I,ender is authorized to coll�t and apply
<br /> the Miscellaneous Proc�ls either W restorazion or repair of the Property or to the sums secured by this
<br /> Sec;uriry Instrument, whether or not then due. "Opposing Parry"means the tUird pazty that owes Borrower
<br /> Miscellaneous Procceds or the party against whom Borrower bas a right of action in regazd to Miscellaneous
<br /> Proceeds.
<br /> Borrower shall he in default if any action or procceding, whether civil or criminal, is begun tUat, in I_ender's
<br /> judgment, could result in farfeiture of the Property or other material impairment of I.ender's i�erest in the
<br /> Property or rights under tUis Security Instrument. Borrower can cute such a default and, if acceleration has
<br /> occurred, reinstate as provided in Section 19,by causing the action or proc�ding to be dismissed with a
<br /> ruling tUzt, in Lender's.ludSment,Pr�ludes forfeiture of the Property or other material impairment of
<br /> L.ender's interest in the Property or rights under this Securiry inc�,,,n,P.,�, '�e proceeds of any award or
<br /> claim for daznages thzt are attributa6le to the impairment of Leader's interest in the Property are hereby
<br /> assigned and shall be paid to I.ender.
<br /> All Miscellaneous Ptoc�eds that are not applie3 to restoration or repair of the Property shatl6e applied in the
<br /> order provided for in S�tian 2.
<br /> NEBHASKA-Slrgla Famlly-Fannle Mee/Fretltlb Mac UNIFORM INSTqUMENT Fotm 9028 1Rf7
<br /> VMP� VMPBME)(1108�.00
<br /> W okera Kluwar Finential Servicea Pepe 10 of 1]
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