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201403885
<br /> satisfaction, pi•ovided that such iiispection shall be undertalcen proinptly, Lender may pay for the repairs
<br /> and restoration in a single disUursement or in a series of progress payments as tlie worlc is completed.
<br /> Unless an agreement is nz�cie ir7 wriiirlg or Applicable Law reqttires interest to be paid on such
<br /> 1VIiscell�neous Proceeds, Lender s11a11 i�ot be required to pay Borrower any interest or e�i-nings on such
<br /> Miscellaneous Proceeds. If the restoration or repair is not economic�lly feasible or Lender's security woulcl
<br /> be lessened, the Miscellaneotis Proceeds sha11 be applied to tha sLtn7s securecl Uy this Security Instr�unent,
<br /> whether or not then due, with tke excess, if any, paid to Borrower. Such Miscellaneous Proceeds sh�ll be
<br /> applied in the order provided for in Section 2.
<br /> In the event of a total t�lcing, clestructioii, or loss in value of the Property, the Miscellaneous Proceeds shall
<br /> be applied to the stuns secured by this Security Instrument, whetiher ar not�hen due, with�he excess, if any,
<br /> paid to Borrower.
<br /> In tlie event of a partial talciiig, elestrLtction, or loss in value of the Property in which tha fair inarizet value of
<br /> t7ze Property iirnnediately before the partial talciilg, destructioii, or loss in value is ec�tiial to or greafer t17an the
<br /> arnount of tlie su�ns secured l�y this �ecurity Ynstrument irnmediately Uefore the partial talcirig, deskruction, or
<br /> loss in v�liie, unless Borrower and Lencier otherwise agree in writing, tlie sums secured by this Security
<br /> Instruinent shall Ue reduced by the�inount of the Miscellaneous Proceeds inulti�lied by the following
<br /> fractian: (a)the total a�naunt of the st�ins sectu ed imrllec�iately Uefare the parfial talcing, destruction, or loss
<br /> in value divided l�y(b) tlle flir mas•ket v�lue of the Propeity inunediately before the partial talcing,
<br /> destruction, or loss in value. Any balance slzall Ue paid to Boi•rower.
<br /> In the event of a partial tal�ing, desti•uction, or loss iiz valrie of the�T'roperty in wl�ich the fair inarlcet value of
<br /> the Pioperty im�medi�tely before tke p�tia�1 talcing, destructio�, or loss in v�tlue is less than the�nount of tlie
<br /> sums securecl iin�medi�itely before the p�rtial t�l�ing, destruction, or loss in value, unless Borrower and
<br /> I,ender otherwise agree in writing, the Miscellaneous Proceeds s11�11 be a�plied to the sums secured by tliis
<br /> Security Instrtrment whether or not the suins are then due.
<br /> If the Property is abandoned Uy Borrower, or if, after notice vy Lender to Borrower that the Opposing Party
<br /> (as tle�ti�ed iii the nexi sentonce) offers to rn�lce an awarc�to settle a clain�for damages, Borrower fails to
<br /> respond to Lender withi�130 days aFter the date the notice is givan, Lender is authorrzed to collect and lpply
<br /> the Miscellaneous Proceeds either to restor�tio�or repair of the Property or to tl�e stul7s secured l�y this
<br /> Sectirity Instruinent, whether or Yio't t11en due. "Opposing P�rty" means the third pa.rty th�t owes Borrower
<br /> NIiscellaneoua Proceeds or the pa.rty against whoiiz Borrower has a riglZt of action in r�gard to Miscellarleous
<br /> Proceeds,
<br /> Borrower sliall Ue in default if aiiy action or proceeding, whetlier civil or criminal, is Uegun that, in Lender's
<br /> judgiiient, could result in forfeiture�of tho ProperEy ar other ma.terial imp�irment of Lender's interest in the
<br /> Property or rights under this Security Instrument. Borrower can cure such a defaLilt and, if acceleiatioii has
<br /> occui•red, reinstate as provided in Section 19, vy causing the action or proceeding to Ue disinissed with a
<br /> ruling tlzat, in Lender's judgm�nt, prechtdes Forfeiture of tho Pxoperty or other m�terial iinpairnaent of
<br /> Lender's interest in the Property or rights t�nder this Security Tnstrume�zt. Tl1e proceecls of any awarcl or
<br /> claim for daznages that a�•e attributlble to the iinpairinent oF Lender's interest in the Property are hereby
<br /> assigned aud sha.11 be paici to Lender.
<br /> All Miscellaneous Proceeds that a�•e not applied to restoratioil or repair of tlie Property shall be appliec�in tlie
<br /> order provided for in Section 2.
<br /> 24006235
<br /> NEBRASKA-Single Family-Fannie M`aelFreddie Mac UNIFORM 1NSTRUMENT Form 3028 1/01
<br /> VM P OO VM P6(NE)(1302)
<br /> Wolters Kluwer Financial Services Page f0 of 17
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