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��14��397
<br /> 1�. Assignmen� o#'Miscellaneous P�•nceeds; �orfei�ure. All Misce�laneous Pr�ceed.s are hereby assrgned�o
<br /> and�hall be paid ta Lender,
<br /> If�he Property is damaged,such MisceZlaneoi�s Proceeds sla.all be appiicd to restoration ar r�pair of the Property,
<br /> i�'the res��ration or repa�r�s economical�y feasib�e and Lender's se�uri�y is no�lessened. Durin�si�ch repair and
<br /> restarati�n periad, Lend�� s��all have the right to h��d such 1Vliscellaneaus Proeeeds G�n�il Lender has had an
<br /> apportuni�y �o inspec�s��ch Property to ensure the w�rl�has been co�nple�ed ta Lender's satisfacti�n, proWided�hat
<br /> such inspectian shall be undertal�en proza�ptly, Lender�a�ay�ay For th�r�pairs and res�orati�n in a single disbursement
<br /> or in a series oFpro�ress paymen�s as the wo�•k is co�z�p�eted. Un�ess an a�reemen�xs made in�ri��ng or Applica�le
<br /> Law r�quires intez es�lo�e�aid on su�h M�scellaneous Proceeds, Lender shall no�be requi�r�d to pay Bo�rrower any
<br /> interes� ox eaz•n2i�gs on such Mzscel�aneous Proceeds. If�he rest�T•ation or repair is nor econom�ca�ly feasible or
<br /> Lender's secu�•ity would be�essened, t�ae Miscellaneaus Proceec�s sha11 be app��ed to the sums secur�d by this S�Gurity
<br /> �nst��uznent, �vhether�r nat then du�, with�he excess, if�.ny, paid to Bo��avv�r. Such Miscellaneous Froceeds shali
<br /> be�p�lied in�he order provided for in Section Z,
<br /> In t�ae e�ent of a to�al taking, des�ructioxi, or��ss in ualue af�he Prope�r�y, �he Miscellaneous Proceeds sha�l be
<br /> applied t� �he suins securcd by this Security Zns�rume��t, whether o�r no� then due, wi�h the excess, if any, pa�d �o
<br /> Barr�wer.
<br /> In�he event o�a paxtial�aking, destruction, o�loss in �a�ue of'the Property in vvhich�he fair tnar�e��a�ue nf
<br /> the P�rop�r�y it�ln�ediatcly��fore�he partia���Iting, des�ruc�;ion, ar�oss in�alue i5 equal�o or��reater than the amaunt
<br /> of the�unas secured by t1�is Security Ins�rul�len�ii��nediately b�fore the�ar��a��al�ing, dest�uc�ion, t�r loss in�alue,
<br /> �int�ss Borrower and Lendez otherw�se agree iza writing, �he sui��s secL�z•ed by this Security�nstrument s��al1�Oe reduced
<br /> by the amount flf the M�sccllaneo��s Proceeds��1ultiplied by t�ae fo�lowir��fractiot�; �a}�he to�a�amoun�of�he sums
<br /> secur�d immec�ia�ely before the partia��a��in�, des�ruct�an, or loss�n�a1ue divzded by�b}the fair�r�arket va�ue of���e
<br /> Proper�y im�nedia�e�y beFore the par�ial t��lcing, destruc�ian, ar lass in�a�ue. Any balance shall be pafd�o Borrovver.
<br /> rn the event of a par�ia� taking, des�ruction, or�oss in valu��f the Pra�erty in which the faYr�narX�et value of
<br /> the Proper�y�i7�i��ediately before t��e part�a� ta��ing, des��•uc�ion, or loss in Walue is�ess�ha�n the a�nou�lt of the su�ns
<br /> �ec��red imin�diately beFore�he pai�ial ta�ing, dest�ruc�ion, or�oss in value, unless Barrower and Lender otherwise
<br /> agree in�vri�i���, the Misce��aneaus Proceeds shall be applied�o�he sLin�s secured by tihis Securi�y�ns�rumen�v�hethe�
<br /> o�aaot�hc s��ms a�e�hen due.
<br /> �f��e Pt�aperty�s abandoned by Borz awer,or ir, after nati��by Lend�r ta Barrow�r tha�the�ppos�ng Partiy�as
<br /> defin�d in �he next sentence} o�`fers to ��nalce at� award to sett�� a claz�n ffl� damages, Borrower fails �� respond to
<br /> Len�l�r wi�l�in 30 d��ys aFter the c�ate the�o�ice is given, Lender i�author�zed to collec�ar�d apply�he Misceilaneous
<br /> Pr�ceeds either to�es�arat�on or repair�f the PropErty ar ta th�sums sec��red�y this Sccurity Ins�rument, whet�her
<br /> or n�t�hen d��e, "�ppasing Par�y« means the tl�ird party that ow�s Borrawer Miscellan�ous Proceeds or��e part�
<br /> a�ains�w��om Borrower has a righ�of action in regard to Miscel�aneous Proceeds.
<br /> Borrower shall be zn �iefaul�i�any a��ion ar pr��eedxng, whe�her ci�il ar c�ri�ninal, is begun that, in Lender's
<br /> j ud�men�, c�u1d resul�in farfei�«re of�he Property or o�he�xnale�ria�i��.pair�nen�a1'Lender's interest in the Pr�per�y
<br /> or r�ghts under�his S�curi�y Ins��ru���ten�. Bor�ower can cure such a defau�t and, if a�celera�i�n has occurred,reinstate
<br /> as �rovided in Sec�ifln �S, by causing �he acti�n o�• proceeding to be dis���issed w��h a ru�ing tha�, in Lender's
<br /> judg�x�e���, preciudes forf�itur�or�he F'�roper�y or other n�ateri��I im�airtnent af Lender's interes�in�he P�•oper�y or
<br /> ri�;�a�s under th�s Security �nst�•��m�nt. The p�roc�eds oF any award or clait7a fo�r da�nages that are attributabXe �o the
<br /> itnpair•ment af Lender's in�erest�n the Property are�ere�y assi�ned and shall be paid�o Lende�r.
<br /> AZX Miscella��eous Procc�ds that are noi applied ta res�oratian flr r�par�oF�hc Property shall be applied in the
<br /> �rder provid�d far in Se�tion 2,
<br /> ��. Barrowe�~No�Rel�ased; ��r�earance By Lender Nat a Waiver. Ex�:ension of�h�timc For pa�ment�r
<br /> �»o�iiFicatian of a���or�iza�i�n�F t��.e sut��s secured by�hi� S�curity�nstxument gran�ed�y Lendcr�o Bc�rrower ox any
<br /> Successar in zn�eres�of F3or�rawer shall nat oper�.te to rel�ase�he lial�il�ty of B�rrower or any Succ�ssors in�n�eres�
<br /> of Borx ower. Lender sl�a��not b�requiz ed�a commence praceedings agains�any Successar in In�erest of Borrower
<br /> ar �� reFi�se �o extend �i�a�� for pay���en� or otherwrsc modif� an�or�ization �f the su�ns secur�d by �his Security
<br /> �nstz•ur�aent b�reason af any dci��and m�.de by the origina� Barr��ver�z•any Successoz s in�nterest of Barrower. Any
<br /> NEBRASKA�Singie Family�UNIFURM INSTRUMENT � ,D�cM�glC
<br /> MODIF�ED FQR DEPARTMENT QF VETERANS AFFAlRS - MERS www.docmagi�.com
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<br /> '�FM DEED 14Q8�$2399
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