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2v120�3G�
<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 L.aw 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 restoFation or regair is not economically feasible or Lender's security would
<br />be lessened, the Miscellaneous Proceeds s�all be applied to the sums secured by this Security Insmiment,
<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 Se,ction 2.
<br />In the event of a total taking, destrucrion, or loss in value of the Property, the Miscellaneous Praceeds shall
<br />be applied to the sums secured by tlus SecuFit� Instrument, whether or not then due, with the excess, if any,
<br />paid to Bortower.
<br />In the event of a partial tatdng, destruction, or loss in value of the Property in which the fair market value of ��
<br />the Property immediatelx before the partial taking, destruction, or loss in value is equal to or greater than the
<br />amount of the sums secured by this Security Instrument imtnediately before the partial taking, destruction, or
<br />loss in value, uuless Bonower anc� I�nder otherwise agree in writing, the sums secured by this Security
<br />Instrument shail he reduced by the amount of the Miscellan�us Proceeds multiplied by the following
<br />fracrioa: (a} the totat amount af the stuns secured immediately before the partial taking, desmiction, or loss
<br />iB value divided by (b} the fair market value of the Progerty immediately before the partial taking,
<br />destruction, or loss ia vatue. Any batance shall be paid to Borrower.
<br />In the evern of a partial taking, destzucrion, or loss in value of the Froperty in which the fair market value of
<br />the Frapercy i�cnnediatel}� before the partial taking, destruction, or Ioss in value is less than the amount of the
<br />sums se�rec� immediately before the partial taking, destructia�c, or loss i� vatue, unl�,ss Borrower and
<br />Lendes et�,erwise agre,e in vvriting, the Miscellaneous Ptoceec� sh� be applie� to the sums secured by this
<br />�ity Instrument whether ar not the sums are then due.
<br />If tlie Property is abaxtdoned by Borrower, or if, after notice by Lender to Borrower that the Opposing Party
<br />(as ctefinai in the next senteBCe) offers to make an award to settle � cIai,m for damages, Borrower fails to
<br />respond ta Lender within 30 c�a.ys after the date the notice is given, Lender is authorized to collect and apply
<br />the MiscelIaneous Proceeds either to restoration or repair of the Propertp or to the sums secured by this
<br />Security �nstrument, whether or not then due. "Opposing Party" means the third party that owes Borrower
<br />Miscellaneous Pra�s or the pariy against wfiom Borrower has a right of acrion in regard to Miscellaneous
<br />Proceeds.
<br />Bonower 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 material impairment of Lender's interest in the
<br />Progerty or rights under this Se,curity Instrument. Borrower can cure such a default and, if acceleration has
<br />occurred, reinstate as provided in Section 19, by causing the acrion or proceeding to be dismissed with a
<br />ruling that, in Lender's judgment, pre,cludes 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 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 Proceeds 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 Form 3028 1/01
<br />VMP � VMP6(NE) (7105�
<br />Wolters Kluwer Financial Services Page 10 of 17
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