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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 agr�ment 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 restoration or repair is not economically feasible or Lender's security would
<br />be lessened, the Miscellaneous Proceeds sha11 be applied to the sums secured by this Security Insm�ment,
<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 S�tion 2.
<br />In the event of a total taking, destrucrion, or loss in value of the Property, the Miscellaneous Proceeds shall
<br />he 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 partial taking, destruction, or loss in value of the Property in which the fair market value of
<br />the Progerty immediately before the partial taldng, 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 taldng, destruction, or
<br />loss in value unless Bonower and Lender otherwise agree in writing, the sums secured by this Security
<br />Instrument shall be reduced by the amount of the Miscellaneous Proceeds mulriplied by the following
<br />fracrion: (a) the totai amount of the sums secured immediately before the partial taking, destruction, or loss
<br />in value divided by (b} the fair market val� of tl�e Property immediately before the partial taldng,
<br />destrucrion, or loss in vaiue. Any balance shall be paid to Borrower.
<br />In the event of a partial taking, destruction, or loss in value of the Property in wtrich the fair market value of
<br />the Property imme.diately before the partiai taking, destrucrion, or loss in value is less than the amotmt of the
<br />sums se.cured. immediateIy before the paztial taking, destrucrion, or loss in vaIue, unless Borrower aIId
<br />Lender otfierwise agree in writing, the Miscellan�us Proceeds shall be applied to the sums secvred by this
<br />Security Instnun�nt vvhether or not the sums aze then due.
<br />If the Property is abandoned by Borrower, or if, after norice by Lender to Borrower that the Opposing Party
<br />(as defined 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 notice is given, Lender 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 Instnunent, �vhether or not then due. "Opgosing Party" means the third party that owes Borrawer
<br />Miscellaneaus Proce,eds or the pazty against whom Borrower has a right of action in regard to Miscellaneous
<br />Proceec�s.
<br />Bonower 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. Bonower can cure such a default and, if acceleration has
<br />accurred, reinstate as pmvided in Secrion 19, by causing the action or procceding 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 Security Instrument. The proceeds of any award or
<br />claim for damages that are amibutable to the impairment of Lender's interest in the Property aze hereby
<br />assigned and shall be paid to Lender.
<br />All Miscellaneous 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 Mae/Freddie Mac UNIFORM INSTRUMENT
<br />VMP p
<br />Wolters Kluwer Financial Servicas
<br />Form 3028 1/01
<br />VMP6(NE) 11105)
<br />Page 10 of 17
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