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201207�
<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 agreement is made in writing or Applicable Law requires interest to be paid on such
<br />Miscellan�us Proceeds, Lender shall not be required to pay Borrower any interest or eamings on such
<br />Miscellan�us Proceeds. If the restoration or repair is not economically feasible or Lender's security would
<br />be lessened, the Miscellaneous Proceeds shall be applied to the sums secured by this Se,curity Instrument,
<br />whether or not then due, with the excess, if any, paid to Borrower. Such Miscellaneous Proceeds shall be
<br />a�plied in the order provided for in Section 2.
<br />In the event of a totai taldng, destrucrion, or loss in value of the Property, the Miscellaneous Proceeds shall
<br />be apglied ta tTae suzns s�ured by this Security Instrument, whether or not then c�ue, vvith the eRCess, if any,
<br />paic� to Bo�rro�ver.
<br />In the event of a gartial tatdng, destruction, or Ioss in value of the Property iII which the fair market valrae of
<br />the Property immeciiately before the partial tatcing, cYestraction, or loss in value is equal to or greater than the
<br />�o�rnt of the sc�s se,cured by this Security �ment immediately before the gac�a� talang, destruction, or
<br />lo�s ia value, unFe� Borrower and Lender otherwise agree in writiag, t3�e srrms secured by this Securiry
<br />Instrument s�it be red�ced. by the amouut of the Miscellaneous Pmc�ds multiplied by the follovving
<br />fraction: (a} �he total agcount of the sums secured immediately befare the garti� taking, destnicrion, vr loss
<br />i� vatue c�ivid� }��r (b) the fair market vatue Qf ti�� Property immediateYy before the gartiat takit�g,
<br />c�estNC�ion, oz I� ia �atue. AIIy balance shail be pai� to Borrower.
<br />In. the event o� a part[at ta�ng, destruction, or Ioss itt vaiue of the Paoperiy in w�ich tfie fair market value of
<br />the Pmpe�.y im�rately l�fore the pa�tia� taki�sg, destructiore, ar Ic� in vaiue is Iess tha�, the ar��ut of the
<br />siuns sec�ue� �iaiely befare the partial takiag, destz�ctioII, or Toss ia vat�e, uules,s �orrov�res and
<br />� Qthercvise agr� in writing, the Miscellan�us Proceeds shali i� appli�E to the sums secureefi by ti�is
<br />Security P�t wlaether or not tfie suins are ttien due.
<br />If ti�e Progerty is ��aed� hy Borrower, os if, a,fter uotice b}+ F..enaer t� &irrQV�rer that the �PPesing PartY
<br />(a� defin�fi ia the a�t sentence) offers to m�.tce aa avvard to settle a claim fc�s �a�nages, Borrower fails to
<br />respond to �ndet within 30 days after the date the notice is given, �der is authorized to collect and agplp
<br />the Miscellanea�s Pro�eeds either to restoration or rega�irr of the Praperty or tcr the su�s �cured by this
<br />Sec�sity Instrc�e�t, v�rðer ar not then due. "Opposiag Party" meaas the thirc� garty that owes Barrower
<br />Miscellatreo�s Pt�s or the PartY aga.inst whom Barro�ret laas a rigt�t of action ia regard to Miscellaneous
<br />Pr�s.
<br />Berrovver sh� be iEC defatilt if any action or proceeding, w�ether civi� or crirn�, is begua that, in T.ender's
<br />judgment, cauld resutt in forfeiture of the Property or other materia,t impairmeat of E.ender's interest in the
<br />Property or rights under this Security Instrument. Borro�+er can cure such a default and, if acxeleration has
<br />occunec�, reimtate as grovided in Section 19, by causing the actioa or proceeding to be dismissed with a
<br />niIing t�tat, iu �.ender's judgment, precludes forfeiture of the Property or other material im�airment of
<br />I.ender's int�rest in the Properiy or rights under this 5ecurity Instrument. The proceeds of any award or
<br />claim for damages that are attributable to the im�airment of I.ender's interest in the Property are hereby
<br />assigned and sha11 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 Secrion 2.
<br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01
<br />VMP � VMPBINE) (1105)
<br />Wolters Kluwer Flnancial Services Page 10 of 17
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