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201209483
<br /> satisfaction, providzd that such insp�tion shall be undertaken promptly. Lender may pay for the repairs
<br /> and restoration in a single disbursemenC or in a series of progrzss paynieuts as the wark is completed.
<br /> Ullless an agreement is made in writing or Applicable Law requires inteaest to be paid on such
<br /> UIiscellaneous Proceeds, Lender shall not be required to pay Borrower any intcrest or earniugs on sueh
<br /> Miscellaneous Proceeds. If the restorarion or rcpair is not economiaally feaSible or Lender's security would
<br /> be lessened, the Miscellaneous Proceeds shall be appiied to the sums secured by tlus Security Instrument,
<br /> �x�hether or not then due, �rith the escess, if any, paid to Borrowu�. Such Miscellaneous Procceds shall be
<br /> applied m the order pro��ided for in Section.2.
<br /> In the event of a total taking, destruction, or loss in value of the Pxoperty, the Miscell�meous Proceeds shall
<br /> be applied to the sums secured by this Security Instnunen[, whether or not then due, with the excess, if any,
<br /> paid t�Barrower.
<br /> In thc event of a paztial taking, destruction, or loss in value of the Property in which the fair mazket value of
<br /> the Property immediately before the partial taldng, desffuction, or loss in value is equal to or greater than the
<br /> amount of the sums secured by tlus Securit7lnstrumenf imincdiately before fhe partial taking, de�truction, or
<br /> loss iu value, unless Borrower and Lender otheiwise agree in writiiig, the suins�eciued by tlus Security
<br /> Instnicnent,hall be reduced by the amount of the Miscellapeous Proceeds multiplied by the following
<br /> fracYion: (a)the Yotal amount of the smns secured immediaTely Uefore fhe partial talting, desfruction, or losS
<br /> �i value divided by (U) the fair market value of the Properiy immediately before the parflal taking;
<br /> deShuction, or loss in value. Any balance s]�aLl be paid to Borxowec.
<br /> In the event of a partial taking, destruction, or loss in�Palue of the Property in which the fair mazket value of
<br /> the Properiy iminediately before The partial t��ldng, destruetion, oi loss in value is less than the amount of the
<br /> suxns secured immediately before the partial taking, destrucrion, or loss in value, unless Borrower and
<br /> Lender otherwise aa ee in writing the Miscellaneous Procceds shall be appiied to the sums secured by thi,
<br /> Securiky Instnuneni wherher car noi the sums aze then due.
<br /> If the Property is abandoned by Borrower, or if, after notice by Lender to Boxrower that the Opposing ParCy
<br /> (as defined in th0 next sentence) offers to make an award to settle a claim for damages, Boaower fails to
<br /> respond to Lender within 30 days after the da#e the notice is given, Lender is authorized to collect and apply
<br /> the Miscellaneous Froceeds either to restoration or repair of the Propesty oi to the sums secured by this
<br /> Security lnsmunent, �vhether or not then due. "Opposing Party" means The third party[hat owcs Borrower
<br /> Miscellaneous Proceeds or the party against whom Borrower has a right of action in regard to Miscellaneous
<br /> Proceeds.
<br /> Borrower sliall be in defiault i£any action or proceeding, whethea civil or criminal, is begim tl�at, in Lender's
<br /> judgment, could result in forfciturc of the Property or other ir�terial impairu�ent uf Lender s interest in tlte
<br /> Propert5�or rights midzr this Security Insmiment. Borrower can cise such a default and, if acceleraCion has
<br /> oceurred, reinstate as provided in Section 19, by causing[he action or proceeding ta be disinissed with a
<br /> ruling that, in Lender's judgment, precludes forfeihixe of the Property or ofher material impaument of
<br /> Lender`s interest in the Property ar xighta undef this Security Instnunent. The proceeds of any award or
<br /> claim for damages that are attributable to the impaument cf Lender's interest in the Properry are hereby
<br /> assigned and shall be paid w Lender.
<br /> ?11 Miscellaneous Proceeds thaf aze not applied to restoration or repair of the Yroperty shall be applied in the
<br /> order�rovided£or in Section 2.
<br /> zaeozvis
<br /> NFBRASKASinqle Famity-Fannie Mae�Freddie Mac O��IFORM INSTRUfr1ENT Form 3028 1/Oi
<br /> VM P Q VM P6ME)(t 105)
<br /> VJolters Kluwer Financial5ervices Page 10 of 1]
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