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201207384
<br /> saris�action, provided that such inspection shall be undertaken pminptly. Len,der may pay Por the repa3rs
<br /> and restoration 3n a single disbursement or in a s�ies of progress payn�ents aS the work is complded.
<br /> Unless an agreement is made in wriring or Applicable La��requires interest to be paid on such
<br /> Miscellaneous Pxoceeds, Lendes shall not be requued tp pay Borrower any interest ar etirnings on sueh
<br /> Miscellaneous Proceeds. If the restoxatiqn or repair is not econamically feasible or Lender's security�vould
<br /> be lessened, the Miscellaneous Proceeds shall Ue applied to the snms securcd by this Security Instrument,
<br /> whether or not then due, with the excess, if any, paid to I3orrower. Such iVli,cellancous Proceeds shall be
<br /> appliecl in the order provided for in Section 2.
<br /> In the event of a.total taking, destruction, or loss in valuc of the Property, the_VIiscellaneous Proceads shall
<br /> be appiied to the sLuc�s secured by tliis Security Instrument, whethc7 or not then due, with the excess, if any,
<br /> paid to Borrower.
<br /> In the event of a partial taking, desiruction, or loss in value of the Property in which the fair mazket value of
<br /> the Property immediately Uefore the partial taldng, destruction, or lpgs in value is equal to or�eatex than the
<br /> amount of the swns secured by this Seauity Instrument iminediately before the partial taking, destruction, or
<br /> loss in valuc;, unless Boaower and Lender otherwise agree in writing, the sums secured by this Security
<br /> Insfrument shall be reduced Uy thc amount of the Miscellaneous Proceeds mulnplied by the following
<br /> fraction: (a)the total amount o£the sums sec�ed immediately before the partial talcing, deshuction, or Ioss
<br /> 3n v�lue divfded by(b)the fair inarket value of the Properry i�nmediately before the garLial taiang,
<br /> destrucrion, or ioss in value_ Any balance shall be paid[o Bonower.
<br /> In the event of a partial taldng, destntctio�n, or loss is�alue of the Properry in which the fair market vahte oP
<br /> the Property immediately befoie the partlal taldng, deshucrion, or loss in value is less than the amount of the
<br /> suxns secured immediately be£ore the pattial taking destructiou, or loss in value, unless Borrower aaid
<br /> Lender otherwise ag-ee in writing, the YIiscellaneous Proceeds shall bc applied to the swns secured by tliis
<br /> Security Instrument whethet ox not the sw�s ace flien due.
<br /> Tf The Properry is abandoned by Borrower, or if, after notice by Lendar to Borromer that the Opposing PaRy
<br /> (as defined in th8 next sentence) offets to make an award to settle a claim foi damages, Borrower fails to
<br /> respond io iender within 30 days after the da±e the notiee is given; Lendcr is authorized to collect ancl aoyly
<br /> the Miscellanaous Proceeds either to restoration or repair of the Property os to the sums secured by this
<br /> Seccrity Instrument, v✓hether oi not then due. "Oppesing Party" means the third pnrty Ehat owes Borrower
<br /> Miscellaneous Proceeds or the party against whom Borrower has a right of action in regard to Miscellaneoivs
<br /> Proceeds.
<br /> Borrower shall Ue in default if any action or proceedina, whether civil or criminal, is begun that, in Lender's
<br /> judgment, Gould reSult in forfelture oE the Properry or oflier material unpairment of Lender's inte=es[In the
<br /> Property or righYs.under tlus Sccurity Instrmnent. Bormwer can cure such a default uid, if acceleration has
<br /> occurred, :einstate as provided in Section 19, by causing the action or proceeding to be dismissed with a
<br /> ruling that, in Lendei s judgnent, precludes forfciture of the Praperty or other maferial impaimient of
<br /> Lender`s inierest in the Prc�erty or righis under this Security Tnstrument The proceeds oF any awazd or
<br /> claim for da,,,aaes that are attdbutable to the impaument oi Lender's interest in the I'rogerfy aze here6y
<br /> assigaed and shall be paid to Lender.
<br /> All Vliseellaneous Proce�ds hFjat are not applied to xestoxatlon or repair of the Property shall be applied in the
<br /> order provided for in Section 2.
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<br /> N EBRASIU-Single Fam ily-Fannia lu1 ae/Fretltlie bt ac UNIFORNI INS?RUNI ENT Fortn 3025 1!O i
<br /> VNPpy � VMP6�N�(1105;
<br /> V.�oltars Kluwer Financial Sarvices Page 10 of 1?
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