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�01207974
<br />salitifaotion, pr<ivided thut tiuch intipee;tiun tihall be un�lertdken promptly. L.endc:r rndy pay fnr thc; repairti
<br />and restoration in a single disbursea�aent vr iu a series oF progress paycuents as thc work is completed.
<br />Unless an agreement is made in writing or ApplicaUle Law rec{uires interest to b� F�aid on such
<br />Miscellaneous Proceeds, Lender shall not be requirr;d to pay Bonower any intc:rest or earnings on such
<br />Miscellaueous Proceeds. If the restoration or repair is not economically feasible or Lcnder's security woutd
<br />bc Icsscncd, thc Misccllancous Proca;ds shall bc applicd to thc sums sccurc;d by this Sc;curity Instrumcnt,
<br />whether or not then due, with the excess, iF any, paid to Borrower. Such Miscellaneous Proceeds shall be
<br />applied in the order prnvided for in Section 2.
<br />In the e�ent uf a lotel laking, destruc�icrn, or loss in vdlue cif lhe Property, lhe Miscelleneous Proccecls ,hall
<br />be applied to the suius s�;ured by tlus Security Instnuuei�t, r�hether or nat thcn duc, with the e�.cess, if any,
<br />paid to Borrower.
<br />In the e�ent of a partial taking destruction, or loss in value of the PropetKy in which the fair market value of
<br />the Property iinmediately before the partial taking, destniction, or tos� in value is equal to or greater than the
<br />amount of the sums secured by this Security Instrument immediately before the partial taking, destn�ction, or
<br />loss in value, imless Borrower and Lender otherv�,�ise agree in writing, the sums securecl by this Security
<br />Instrument shall be reduced 6y the amount of the Miscellaneous Proceeds multiplieci by the following
<br />frdclion: (a) lhe l�ital amount ��f lhe sums tiecured imme;clixlely beliire Ihe parlial laking, �l�truction, nr lciss
<br />iu value di��ideci by (bj the fair tuarket value of tlie Property iuune�liately befvtc tht partial taking,
<br />destruction, or loss iu value. flny balance shall be paid ta Borrower.
<br />In the event of a partial taking, destruction, or ]oss in value af the Property in which the fair market value af
<br />the Properiy immediatc:ly before the partial taking, desiniction, or loss in value is less than the amount of the
<br />siims secured immediately before the partial taking, destniction, or loss in valtte, unless Borrower and
<br />Lender otherwise agree in writing, the Miscellaneot�s Proceeds shall be appliecl to the sums secwed b,y this
<br />Security Instrument whether or not the sums are then due_
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the Opposing Party
<br />(as defined in the next sentence) offers to make an award to settle a claim for damages, Borro�ver fails to
<br />respond to Lender within 3Q days after the date the notice is given, Lender is autharired to collect and apply
<br />the Miscellaneous Proceeds either ta restoration or repair of the Property or to the swns secured by this
<br />Securit,y Instrument, w�hether or not then due. "Opposing Party" means the third pariy that pwes &�rrower
<br />Miscellaneaixs Proceeds or the party against wham Borrower has a right nPactian in regard ta Miscellaneous
<br />Proceeds_
<br />Borro�ver 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 ather matenal imnairment of Lender's interc�t in the
<br />Property or rights under this Su:urity Instrumeni_ Borrower can cure such a default and, if accelez�ation has
<br />occurred, reinstate as provided in Section 1), by causing the action or proceeding to be dismisseci with a
<br />ruling that, in Lender's judganent, precludes forfeiture of the Property or other tnaterial impainnent of
<br />Lender s interest in the Property or rights tmder this Security Instrurnent. "I'he proceeds of any aa�ard or
<br />claim for damages that are attributable to the impainnent of Lender's interesi 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 FamilyFannie A9ae/Freddia PAac UNIFORM INS7RUMENT
<br />VMP �
<br />Wolters Kluwer Financial Saroices
<br />Fom, soas �roi
<br />VAAPB(NE) ('1105j.00
<br />Page 10 ot 17
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