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20120�64�
<br />satisfaction, provided that such inspection shall be undertaken promptly. Lender may pay for the repairs
<br />and restorarion 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 Praceeds, L.ender shall not be required to pay Borrower any interest or earnings on such
<br />Miscellan�us Proceeds. 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, destrucrion, or loss in value of the Property, the Miscellaneous Proceeds shall
<br />be applied to the sums s�ured by this Security Insmiment, 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 Property immediately before the partiat taking, d�trucrion, or loss in value is equal to or greater than the
<br />amouat of the sttt�s secured by this Secur�ty Instrument imm�iately before the partial taking, destruction, or
<br />loss irc value, unle�,s Borro�er aIId I.ender crthervvise agree in writing, the sams secured. by this Security
<br />Instrument sh�i be re.ct� by the amouIIt of the 11�iscellageous Pmceeds mul,tiglie� by the following
<br />fraction: (a) the toca� amount of the sums securecfi im�rately 6efore the gartia� t�king, destcvctioa, or Ioss
<br />in vatue ciivided Try (6} t�te £aar market va�,ue of tfie Pnaperty i�iately before t�te pa�reia� tatcing
<br />c�tcvctioa, os 1� ia vatue. Am,y b�atnce s&�tt be � tcr �orro�ver.
<br />Iu tt�e even� c�f a gas�iaIl tai�g, �oID, ar Ia� ig vatue of the Fro�rty in whirh the fair market val� of
<br />th� Prog�tSr i�y �e�re the g� t�ing, de�tiQn, ar Ioss in v�ue is Ie� than the aa��at �rf the
<br />sums secured i�iateZg t�far� tfie pa�ti� takiug, �estcuc�ion, or Ioss in vatue, �I� �orrov�rer a�
<br />�,endeE otbeiwi� agce.� i� v�itiag, xhe 1Vr�i�aa�us � shatI be applie,d to� �e sums s�rred 6y t�is
<br />Sec�rxity I� �r� s� �t the s�ms �e tl� c�.
<br />If tt�e Propeaty is a6aa�� by �orrctwer, o� i.�, aEter notir.� by �.en�eer to Borrower that the OPPfls� P�Y
<br />(as defined �a t�e neaa� �1 offers to �Ice a� award to settle a claim for ctarnages, Borrourer faits to
<br />respond ta Lenai� witi�ia. � cPays �£ter tl�e date tfie notice is given, �.ender is az�thoriaed to collect a� a�ply
<br />the Miscellan�us Pr�'s eitf�er to restoratioa or regair of the Progerty or to the sums secured by this
<br />Security �eaL, �het�teg or IIot th�, due. "@gposiag PartY" means the third pa�t� that owes Borrower
<br />MisceltaIIeous Prc�c�cis Qr tUe parlY agair�st whom BorrovKer has a right of acbion in regard to Miscellaaeovs
<br />�s.
<br />�orrower shali be ia, defauIe if aay acrion or pr�ing, whether civiI or criminai, is begun that, in �.encier's
<br />judgment, could resvlt in forfeiture of the Property or other material impa.iiment of Lender's interest in the
<br />Property or rights under this Se,curity Instrument. �osrower can cure such a default and, if acceleration has
<br />or.curred, reinstate as provided in Secdon 19, by causing the acrion or procceding to be dismissed with a
<br />ruling that, in Lender's judgment, pre,cludes forfeiture of the Froperty 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 are attributable to the impairment of Lender's interest in the Property are hereby
<br />assigned and shall be paid to Lender.
<br />All Miscellaneous Proc�ds 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-Fennie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />VMP �
<br />Wokers Kluwer Flnancial Services
<br />Form 3028 1/01
<br />VMP6(NE) (1105)
<br />Page 10 of 17
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