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<br />satisfaction, provided that such insp�tion 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 Proc.eeds, Lender shall not be required to pay Bonower any interest or earnings on such
<br />Miscellaneous Proaeeds. If the restoration or repair is not e,conomically feasible or Lender's security would
<br />be lessened, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument,
<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 Miscellan�us Proceeds shall
<br />he applied to the sums s�ured by this Security Instrument, whether or not then due, with the excess, if any,
<br />paid to Borrower.
<br />In the event of a pazrial taking, destruction, or loss in value of the Property in which the fair market value of
<br />the Property immediately before the partial taking, destrucrion, or loss in value is equal to or greater than the
<br />aznount of the sums se,cured by this Security Instrument immediately before the partial taking, destruction, or
<br />loss in value, unless Borrower and Lender otherwise agree in writing, the sums se,cured by this S�urity
<br />Instrument shall be reduced by the amount of the Miscellaneous Proceeds multiplied by the following
<br />fraction: (a) the total amount of the sums secured imtn�iiately before the partial taking, destruction, or loss
<br />in value divided by (b) the fair market value of the Progerty immediately before the partial taldng,
<br />destruction, or loss in value. Any balance shall t}e paid to Bonower.
<br />In the event of a partia� ta�g, destruction, or Ioss in value of the Progerty in which the fair market ealue of
<br />t�e Property immediatel,y before the partial taking, destr�ction, or Ioss in value is less than the amount of tfie
<br />sums secured immediatety before the partiai taking, destruction, or loss in value, unless Borrower and
<br />T.ender otherwise agree iEr w�ii�ing, the Miscellaneous Proceeds shall be applied to the sums secured by this
<br />5ecurity Ius�um�t �+1se�hes or not the sums are then due.
<br />If the Praperiy is aba�sdoned Uy Borrower, or if, after norice by Lender to Borrower that the Opposing Party
<br />(as defined in the neaet sentet�ce) offers to make an award to settle a claim for damages, Bonower fails to
<br />respond to I.eIIder withia 30 days after the date the notice is given, Lender is authorized to collect and agply
<br />the Miscellaneous Proceeds either to restoration or repair of the Property or to the sums secured by this
<br />Security Instrument, vvt�ether or not then c�ue. "Opposing Party" means the third party that owes Bonower
<br />Miscellaneous Proceeds or the party against whom Borrower has a right of action in regard to Miscellaneous
<br />Procceds.
<br />Borrower shall be in default if any action or proceeding, whether civil or criminal, is begun that, in Lender's
<br />judgment, could result in forfeiture of the Property or other �terial impairment of Lender's interest in the
<br />Property or rights under this Se,curity Instnament. Bonower can cure such a default and, if acceleration has
<br />occurred, reinstate as provided in Section 19, by causing the action or proceeding to he 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 attributable to the impairment of Lender's interest in the Property are hereby
<br />assigned and shall be paid to Lender.
<br />All Miscellan�us Proceeds that aze not applied to restoration or repair of the Property shall be applied in the
<br />order provided for in S�rion 2.
<br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />VMP �
<br />Wolters Kluwer Financial Services
<br />Form 3028 1/07
<br />VMPBINE) (1705)
<br />Page 10 of 17
<br />,q �
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