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201207672
<br /> satisfaction, provided that such inspectioii shall be undertaken promptly. I,enAer may pay For the rcpairs
<br /> and rescoration in a single disl�urseinent or in a series of progre.sa pnsnnents as the work is coinpleted.
<br /> Unleas an agreeme�it is made in wriCing or Applicable Lflw requires interest k�Ue peid on such
<br /> Misce1lancous Proceeds, Lender ahnll noC be required to pay 13orrowor nny interest or earnings on sueh
<br /> Miscellaneous Proeeeds, ff thc restoratioxi or repair is noC economically feasiUle or Londer's security would
<br /> Ue lessened, 11ie Miscc�llaneous Proceecls shall Ue applied to Y1ie smns seoured by Chis Security Instirument,
<br /> whether or nct thon due, with the excess, if any, paid to Borrower. 3udi Miscelleneous Proceeds sl�all be
<br /> applied in tl�o orcier provided for in Scction 2,
<br /> In the event of a Eotal trildng, destruction, or loec in vt�lue oi'the ProUerty, Ihe Miscellaneous Prococc9e shall
<br /> be applied Yo thc sume secured by this Sccw�ily fiistrument, whcfhcr or not then due, with thc exce.ss, if eny,
<br /> p�ud Co Borrower,
<br /> In Lhe event of a partia1 talcing, destraetion, or 1oss ii�value of die Prope�ty in which the fttir marlcet valuc of
<br /> tFie Properly nnincdiatelg beFore tlie parHal talcing destrucfion, or loss in value is equal to m��roaEer then Hie
<br /> ainow�t of ihe sinns secw'ed by this SecuriCy Insfeumant iiwilediately befora the partia] l�ilciYig, deahuction, or
<br /> loss in vnhie, unless Borrower and Lender otiherwise agtee in writing, tl�e smns secured by thig Security
<br /> Insfxument slia11 Ue reduced 6y the auiowrt of tl�e Miscellaneous Procccd�inultiplied by Uie following
<br /> frnction: (a)the total amonnt of the sums secured innnedlately before Che parYial taking, desh�uction, or loss
<br /> in value divided Uy(b) tha Pair market value of the Property in�n�ediately bef'ore tUe partial halring
<br /> desU'uction, or losa in vTlua. Any balance shall be paid to Borrower.
<br /> In Yha avent of a parli�l taldng, dest�ucLion, or loss in value of lhe Property in which the L�ir market value of
<br /> Y1ie Property immediately beforc the pArtial talting, dcsiruotion, or loss in value ia less than fhe amouvt oP Che
<br /> tiuma secured iinmediatclybefore tha pu'tial k�lting, desttuctiion, or loss in valua, tuiless k3orrower and
<br /> Lender otl�erwiso agree in wxitin�, the Miscellaneous Prnceeds shA11 be applied to Uie sums secured Uy this
<br /> Securitq Instrumenti whefher or not the swns are then due.
<br /> If tha Property ie abandoncd by Boxxower, or if, after notice by Lender to Borrower that the Oppr�sivg Pexty
<br /> (as defined in the next senkence) off'e��5 to make an awaa'd tia setG1e a claim for dunages, Borrower£ails to
<br /> respond to Lender wifhin 3d days after ths date the noUce is givcn, Lender is authorized Co collect and ai�ply
<br /> the Miscellancous Proceecls either to realoratiou or repair of She Property or to thc eLuns sectu•ed by this
<br /> Socuri[y Instrumant, whother or not the�i due. "Opposing P.�rty" mcans [he third party fhat owea Borrower
<br /> Miscellaneous Proceeds or the party agaivst whom Borrowor has a right of a�ction in regard to Miscallaneous�
<br /> Proceede.
<br /> Borrower shall be in daf'anit it tttty aettion or pxoceeding, whether civil or criininnl, is begtui that, iu Lencler's
<br /> ju$gment, oould re�ult in forfeiliire of the Pr•operLy or other inaterial unpairment o�f Lendcr's inCereat iu the
<br /> Property or rights ui�der Ehis Seom'ity lnst�lunent. Boirower cari cure such a default zuid, if acceleratiion has
<br /> oecttrred, i'oinsCate ss provided in�ection 19, Uy causing the nction or procecding to be disinissed with a
<br /> ruling thaC, iii Lendac's judgn�ent, precludes forfoitm'e of theProperty or olher matef�ial impairmont of
<br /> Lcnder'e interest in t71e Property or rights undcr Ihis Sectu'ity Instrem�enG The proceeds of any award or
<br /> claim for da�na�ges that are ath•ibutable to tha in�p�irment of l�nder's interest in t�lie ProperCy nre heraby
<br /> assigiled �nd shall be paid to Lender.
<br /> All Miscelluxeone Proceeds that are not�pplied to reat�oratioii or repair of U�e Proper6y ehnll be applied in tl�e
<br /> order provideci£or in Section 2.
<br /> 2h002136
<br /> NEBRASI(A-Sin91e FamilS`FannleMaelFreddiePrlac UNIFORht INSTRUWENT Form 302t1 1107
<br /> VN P�) VM PO(NEl(1106)
<br /> WalFevv Kluwar Finanolal9arvlces PeBe f 0 of 17
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