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<br /> satisfaction, provid�d that such�nspe��ron shall be ur�dertaken promp��y. L�nder may pay for the r�pairs
<br /> and restora�ion in a singl�disburs�ment or in a series of progress paym�nts as the work is comp�et�d.
<br /> Unless an agreement is made iri writing or Applicab�e Law requir�s int�rest to b�paic��n such
<br /> Miscel�aneous Proceeds, Lender shall not be requ�red�o pay Borrower an�interest ar earnings on such
<br /> Mxsce�lan�ous Proceeds. �f�h�res�ora��on�r repair is not economicall�feasib�e or L�nd�r's securi�.y vvould
<br /> be lessen�d, the Miscellaneous Proceeds shall be appl��d�o the sums seGured�y this S�curity rnstrurnent,
<br /> whether or not then due, with the exc�ss, if any, pazd to Borrower. Such Misc�Ilan�ous Proceeds shall b�
<br /> app�zed in�he ord�r provided for zn Sectzan 2,
<br /> In the ev�nt of a total tal�ing, destructron, or�oss in value of the Prop�r�y, the Miscellaneous Proceeds shall
<br /> be app��ed to the sums se�ured by this Security Instrum�nt, wh��her or not then due, w�th t�i��xcess, �f any,
<br /> pa�d to Borraw�r,
<br /> In the event of a partial taking, destruction, or loss��va�u�of the Prop�r�y in which the fazr mark�t va�ue af
<br /> �he Pr�perty immed�ate��r before th�par��al taking, des�ruct�on, or loss in value is equal to or greater than the
<br /> amount of�he sums se�ured by�his Security Instrument immediately before th�par�ial takrng, destruction, or
<br /> loss in va1u�, unless Borrower and Lender otherwis�agre�in writing, �he sums secured by this Security
<br /> Instrument sha�l be reduced by the amnunt of the Mzsce��an�ous Proceeds multiplied�y the fo��o��ng
<br /> fract�on: �a}the total amoun�of�he sums secured immediate�y bef�re the partial taking, des�ruction, or loss
<br /> �n valu�divided by �b) the fair market valu�of�he Prop�rt�immediately bef�r��h�par�ial tak�r�g,
<br /> destruction, or lo�s in�alue. Any ba�ance sha�l b�paid to Barrawer,
<br /> In the event of a partial taking, destruc�ion, ar Ioss�n va�ue of�he Prflperty in which the fair market valu�of
<br /> the Pr�perty�mmed�a���y before the partia.�taking, des�ruct�or�, or Iflss in value is Iess than the amoun� of the
<br /> sums se�ured xmmediate�y before�h�par��a�taking, destruc�ion, ar loss in va�ue, unl�ss Borrower and
<br /> L�nder otheru�ise agree in writing, th�Miscellaneous Proceeds shall be applied to th� sums secured by this
<br /> S�curit�In�trum�nt whether or not the sums are�hen due.
<br /> If the Property is abandoned�y Borra�v�r, or if, after not�c�by L�nd�r to Borrower that the�ppos ing Party
<br /> �as defined in�he ne�t sentence} affers to make an avvard to settle a claim for damages, B�rraurer fa��s to
<br /> respond to Lender within 34 days after the date th�no�xce is given, Lend�r is authorized tfl co�lec�and app�y
<br /> the M�sc�l�aneous Proceeds e�ther to res�ora��on or repair�f the Pr�perty or to the sums secur�d by this
<br /> Se�urity Instrum�nt, wh�th�r or not then due. "C7ppflsing Party" means the th�rd party�hat owes Barrovv�r
<br /> Mzsc�Ilane�us Proceeds ar th�par�y against whom Borro�ver has a rzght af act�on�n r�gard t�M��cellan�ous
<br /> Proce�ds.
<br /> Borrower shall be in d�fault if any action ar proceedzng, tivh�ther ci���or criminal, is b�gun that, in Lend�r's
<br /> judgment, cou�d r�su�t in f�rfe�ture of the Pr�perty or other mat�rial zmpairment of Lender's interes�xn�h�
<br /> Property or rights under this Secur�ty Instrument. Bor�aw�r can cure such a d�fauXt and, �f accelerat�an has
<br /> occurr�d, reinstate as provid�d in Sectian �9, b� causing�he action or pr�ceedzng to�e dismissed with a
<br /> rul�ng that, in Lend�r's�udgment, pr�cludes forfeiture af the Property or other ma��r�al impairment of
<br /> Lender's interest in th�Property or rrgh�s under this Security�ns�rumen�, The prace�ds af any avvard or
<br /> cla�m far damages that are attrib�tab1�ta the im.pairm�ent of�.ender's int�r�st in the Pr��er�y are hereby
<br /> assigned and sha�1�e paid to Lender,
<br /> All M�scel�aneous Proceeds that ar�not app��ed�o restorat�an or repair of the Property shal��e app��ed in�h�
<br /> �rd�r provided f�r in Section 2.
<br /> NEBRASKA-Single Family-Fannie MaelFreddie Mac U1VIF�RM INSTRL]MENT Form 30�8 110�
<br /> VMP[� VMPfitN�f t130�}
<br /> Wal#ers Kluwer Financia[5er�ices Page�0❑f 17
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