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<br />sarisfaction, 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 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 interest or earnings on such
<br />Miscellaneous 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 Insmiment,
<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 Section 2.
<br />In the event of a total taking, destrucrion, or loss in value of the Property, the Miscellan�us Proceeds sha11
<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 />In the event of a partial taidng, destrucrion, or Ioss in value of the Property in which the fa:is market value of
<br />the Property immediately before the partial taking, destniction, or loss in value is equal to or greater than the
<br />amount of the sums secured by this Security Instrument immediately before the pazrial taking, destruction, or
<br />loss in vatue, unieas Borrower and I.ender Qtherwise agree in writing, the sums secured by tlus Security
<br />InstrumeIIt sbatt be aed�ced by the amQUnt of th.e Miscellaneous Proceeds muiriplied by the following
<br />fraction: Ea) tiie totat amount of the s�ms secured immediately before the partial talci�g, destructian, or Ioss
<br />in value dividecfi i�y (6) the fair market value of the Property immediately before the partial taldng,
<br />destraction, or toss in value. Any balarice slial� be paid to Bonower.
<br />In the event o€ a gartial tatc�g, destruction, or loss in value of the Property in which the fair market value of
<br />the Properiy imme�iately before the Partiat taking, destruction, or loss in value is less than the amount of the
<br />sums s�ure� i�iately before the partiai ta�Cing, destruction, or loss in value, unless �orrower and
<br />Lencter otherr�ise agree in writing, the Miscellaneous Froceeds shall be applied to the sums secure,d by this
<br />Security Instrt�ent whetlter or not the sums are then due.
<br />If the Property is a�an�oned by Borrower, or if, after no�ice by Lender to Borrower that the Opposing Party
<br />(as defined in tke next sentence) offers to mal�e aa award to settle a claim for damages, Borrower fails to
<br />respond to Lender atithin 30 days after the date the notice is given, Lender is authorizerl to collect and apply
<br />the Miscellaneous Proceer�s either to restoration or repair of the Property or to the sums secured by tY�is
<br />Security Istr��m�►+, whether or not tflen due. "Opposing Pariy" means the third party that ow� Borrower
<br />Miscellaneous Pr� or the party against vvfiom Borrower has a right of acrion in regard to Miscellaneous
<br />Proc�ds.
<br />Borrower 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 materi�l impairment of Lender's interest in the
<br />Property or rights under this S�urity Instrument. Bonower can cure such a default and, if acceleration has
<br />occurred, reinstate as provided in Section 19, by causing the acrion or pror.eeding to be dismissed with a
<br />ruling that, in Lender's judgment, precludes forfeiture of the Property or other material impairmenc 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 attributable to the impairment of Lender's interest in the Property aze hereby
<br />assigned and shall be paid to Lender.
<br />All Miscellaneous Proc,eeds that aze not applierl to restoration or repair of the Property shall be applied in the
<br />order provided for in Section 2.
<br />NEBRASKA-S(ngle Family-Fannie Mae/Fraddte Mac UNIFORM INSTRUMENT
<br />VMP �
<br />Wolters Kluwer Financial Services
<br />Form 3028 1 /01
<br />VMP8INE) (1105)
<br />Page 10 of 17
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