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<br /> satisfaction, providc;d that such inspection shall be undestaken pro�nptly. I,ender may pay for the repairs
<br /> and restoration in a single disbursement or in a series of pro�ess payments as the work is completed.
<br /> Unless an a�eement is made in writi�g or Applicable Law iequires interest Co be paid on such
<br /> Miscellaneous Proceeds, Lender shall not be requirad to pay Borrower any interest or earnings on such
<br /> Miscellaneous Proceeds. If the restoration or repair is not economically feasible or Lendzr's security would
<br /> be lessened, the Miscellaueous Pioceeds shall Ue applied to the sums secured by fhis Security InstrumenT,
<br /> whether or not then due, with the excess, if any; paid to Bonower. Such Misceilaneous Proceeds shall be
<br /> appiied in the order provzded for in Section 2.
<br /> in the event of a total faking, destruction, or Ioss in value of the Property, the Miscelianeous Proceeds shaIl
<br /> be applied to the smns secured by rhis Security-Instrument, whether or not ihen due, with the excess, if any,
<br /> paid to Borrower.
<br /> In the event of a partial taking, destruction, or loss in value of the Property in which the fair maiket value of
<br /> the Property umnediately before the partial taking, destruction, or loss in value is cqual to or greater than the
<br /> amount of thc sums secured by this Security Instrument iminediately before the pazti�l[alang, destruction, or
<br /> loss in value, unless Borrowcr aud Lender otherwise agree in writing, the sums secured by this SecuriYy
<br /> Instrument shall be reduced by the amount of the Miscellaneous Proceeds multiplicd by the following
<br /> fracrion: (a)the total amount of[he sivns secured immediately before the pazrial taking, destruction, or loss
<br /> in value divided by(b)the fair market value of the Properry immediately before the parriai k�king,
<br /> destmction, or loss in value. Any balance shall be paid to Bosower.
<br /> In the event of a parfial taldng, destr�ction; or loss in value of the Praperiy in which the fair mazket value of
<br /> flie Pxoperty nnmediately before the partial taking, destruction, or loss 3n value i�less th�the amount of The
<br /> sums secured umncdiately before the partial caking, destruction, or loss in valuc, unless Bonower and
<br /> Lender otherwise agree in wriring, tl�e Miscellanepus Proceeds shall be applied to the sums secured by this
<br /> Security Inshwnent whetlizr or not the sums are thcn due.
<br /> If the Property is abandoned by Borrower, ox if, after nolice by Lender to BoFrower that the Opposing Party
<br /> (as de�fined in the n�i sentencej offezs to make au award to settle a claun for damages, Borrower fails to
<br /> respond to Lender witlun 30 days after the dafe the notice is given, Lender is authorizeci to collect and apply
<br /> the VIiscellaneous Proceeds either fo r�storation ar repaix of the Properry or to the sums securcYi by this
<br /> Secnrity Insirwnent, whefher or not then due. "Opposing Party" means the third party tJ�at owes Bon-ower
<br /> Miscellaneous Proceeds ox the party against whom Borrower has a right of action in regazd to Miscellaneous
<br /> Proceeds.
<br /> Borrower shall be in defaulf if any acfion or proceeding, whether civil or crimin��iL, is begun tliat, in Lender's
<br /> j udgment, could result in forFeiture of the�'roperty or other material impairnient of Lender's interest in the
<br /> Property or rights under trus Security Ivsirument. Borrower can cure such a default and, if acceleration has
<br /> occuried, reinstate as yrovided in Secrion 14, by causing the action oe prpceeding to be dismissed�rikh a
<br /> ruluig that, in Lender's judgment, precludes Porfeiture of tl�e Property or othcr inaterial impairment of
<br /> Lender s interest in the Property or rights under this Security Instnunent. The proceeds of any award or
<br /> claun for damages that are attributable to the impairment of Lender's intere,t in the Property aze hereby
<br /> asslgned and stu�li be pa,id to Lender.
<br /> tlll Miscellaneous Proceeds that are not applied to re,toration or repair of tLe Properry,hall Ue applied in the
<br /> order provided for in Section 2.
<br /> zaoozosa
<br /> NFBRASKFSingle Family-Fannie Mae/Freddie Mao UNIFCRPA fNSTRUh1 hNT Fo�m 3028 1101
<br /> VM P� Vfd P6(NE)(+,t O5J
<br /> Wol:ers Kluwer Fnancial Servfczs Page f0 oi i]
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