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<br />sarisfaction, provided that such inspecrion shall he 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 />Miscellan�us Proceeds. If the restoration or repair is not economically feasible or Lender's s�urity 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 Miscellan�us Proceeds shall be
<br />applied in the order provided for in Secrion 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 Borrower.
<br />Tn the event of a partial 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 equai to or greater than the
<br />amou� of the sums securat bp this Security Instrument immediately before the partial taking, destruction, or
<br />loss ffi value, unless Borrower and Le�der otherwise agre.e in writing, the sums secured by this Se,curity
<br />�ent shalt be reduced by the amount of the Miscellaneous Froceeds mtil�iplied by the following
<br />fi�ction: (a) the totai amount of ttie sums se,cured immediately before the partia� taking, destruction, or loss
<br />in value divided by (6) the fair market value of the Property unmediately before the partial taking,
<br />destruction, or Ioss in value. Any batance shall be paid to Borrower.
<br />1'n t�ie ewent af a pattial taking, destr�ction, or loss in value of the Property in which the fair �rket value of
<br />tiie Fraperiy ix�uediately before the partiat tatdag, destruction, or loss ia value is less than the amount of the
<br />su� secu.red im�nediateIy befare tfie partiai taking, destruction, or loss in value, unless Borrower and
<br />Lender otfierwise agree ia wririag, the Miscellaneous Proceeds shall be applied to the s�ms secured by this
<br />Secuzity Instrument whether or not the s�s are then due.
<br />�f the Property is abarsdonecF by Borrow�r, or if, after notice by Lender to Borrower that the Opposing Parly
<br />(as de5ned 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 norice is given, I.ender is authorized to collect and apply
<br />the Miscella�us Proceeds either to restoration or repair of the Progerty or to the sums secured by this
<br />Security Instrument, whether Qr not then due. "Opposing Party" means the third party that owes Borrower
<br />Miseellaneous Proceeds or the party against whom Borrower has a rigtct of acrion in regard to Miscellati�us
<br />Pmceeds.
<br />Borrawer shall be in default if any action or proceeding, whether civil or criminal, is hegun 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 Instrument. Borrower can cure such a default and, if accelerarion has
<br />occurred, reinstate as provided in Section 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 other material impairment of
<br />Lender's interest in the Property or rights under this Security Instrument. The proceeds of any awazd or
<br />claim for damages that aze amibutable to the impairment of Lender's interest in the Property are hereby
<br />assigned and shall be paid to I.ender.
<br />All Miscellaneous Procee�s 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 Q
<br />Wolters Kluwer Ftnancial Services
<br />Form 3028 1/01
<br />VMP6WE) 11105)
<br />Page 10 of 17
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