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��15��73�
<br /> If the Property is damaged, such Miscel�aneous Fraceeds shall be applied ta restorati�n or repair of the
<br /> Property,if the restoration or repair is e�onvmically feas�ble and Lender's security is not lessened.During
<br /> such repair and restoration period,Lender shall ha�e the right to hold such Miscel�aneous Proceeds unt��
<br /> Lender has had an opportutl�ty to inspect such Pr�perty to ensure the work has been complet�d t�Lender's �
<br /> satisfactian,pr�vided that such inspectian shall be undertaken prompt�y.Lender may pay for the repairs
<br /> and restorativn in a single disbursement or in a series of pragress payments as the work is�ompleted.
<br /> Unless an agreement is made in writing or Applicable Law requir�s interest to be paid on such
<br /> Misce�laneous Proceeds,Lender shall not be required to pay Borrovver any interest or earnings on such
<br /> Misce�laneous Proceeds.If the rest�rat�on or repair�s nat economically feasible or Lender's security
<br /> would be lessened,the Miscellaneous Proceeds shall l�e applied to the sums secured by thrs Security
<br /> Instrument,whether or not then due,wrth the excess, if any,pa�d to Borrower. Such Miscel�a.neaus
<br /> Proceeds shall be applied�n the order prov�ded for in Sectivn 2.
<br /> In the event of a total taking,destruction,or loss in value of the Prop�rty,the Misceilaneous Proceeds
<br /> shall be applied ta the�ums s�cured by this Security Instrument,whether or not then due,vvith the excess,
<br /> if any,pa�d t�B�rrower.
<br /> In the e�ent af a partia�ta.king,d�struction,or loss in�aiue of the Property in which the fair market�alue
<br /> af the Property immediately bef�re the partial ta.king,destructian; or loss in value is equal to ar greater
<br /> than the amount of the sums secured by this Security Instrument immediately before the paxt�al ta.king,
<br /> destruction,or loss�n va�ue,unless Borrower and Lender otherwise agree in writing,the sums secured
<br /> by this Security Instrument shall be reduc�d by t�e am�unt�f the Miscellane�us Proceeds multipli�d by
<br /> the following fraction: (a}the tatal amount of the sums secured immediateYy l�ef�re the partial ta.k�ng,
<br /> destruction, or�ass in value di�ided hy(h�th�fair market�alue of the Praperty immediately before the
<br /> pa.rtial taking,destructian, or loss in value.Any balance shall be paid to Borrower.
<br /> In the e�ent of a partial takir�g,destructi�n,or�oss in�a1ue of the Pr�perty in which the fa�r market�alue
<br /> of the Property immediately before the partial ta.king,destruction,or loss ir��alue is less than the am�unt
<br /> of the sums secured immediately before the partia�taking,destruction,or loss in�alue,unless Borrower
<br /> a.nd Lender otherwise agree in wr�ting,th�Miscellaneous Proceeds shall be applied t�the sums secured
<br /> hy this Security Instrument whether or not the sums are then due.
<br /> If th�Property is abandoned by Borrower,�r if,a�er notice by Lender to Borrower that the�pposing
<br /> Pa.r�y(as def ned�n the next sentence}offers ta make an award to settle a�claim for damages,Borrower
<br /> fails t�respond to Lender within 3 U days after the date the n�tice�s given;Lender is authorized to collect
<br /> and apply the Miscella.neous Proceeds either to restoration�r repair�f the Praperty or ta the sums secured
<br /> by this Security Instrument,whether or not then due. "�pposing Party"means the third party that awes
<br /> Barrower Miscel�aneous Proceeds or the party against whom Borrower has a right of action in regard to
<br /> Miscellaneaus Pr�ceeds. . � �
<br /> Borrower sha11 be in default if any act��n ar proceeding,whether civil or criminal, is begun that, in
<br /> Lender's judgment,could result in forfe�ture.af t.�ie Property�r other material impairment of Lender's
<br /> interest in the Property or rights under this Security Instrument. Borrower can cure such a default and,
<br /> if acceleration has oc�urred,reinstat�as provided in Section 19,by causing the��tion or proceeding to
<br /> be d�smissed with a ru�ing that,in Lender's judgment,prec�udes farfeiture of the Property or ather material
<br /> impairment of Lender's interest in the Property or rights under this Securtty Instrument.The proceeds af
<br /> � � � ��es�as23v
<br /> NEBRASKA-Single Family-Fannie MaelFreddie Ma�UNIF�RM INSTRl�111�IlENT . Form 3028'�101
<br /> VM P� � � 02114
<br /> INoI#ers Kluwer Finan�ial 5ervi�es 2�15012fi14.�.0.2944ti12�14�429Y Initials: Pag�1�of 17
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