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2� 15�8321
<br /> 11.AS��gnment of Miscel�aneou5 Praceeds;Forfeiture.All Misceilaneous P�raceeds are hereby assigned to and
<br /> shall be�aid�o L�nder.
<br /> �f the Prope�r is dama�ed,such Miscellaneous Proceeds sha11 b�app�ied�o restoration or repair of the Prop�r�y,if
<br /> the res�oration or repa�r is economically feasible and Lender's securi�ty is no�lessened.During such repair and restora�ion
<br /> period,Lender shal�have�he right�o ho�d such M�s�ellaneaus Proceeds un��l Lender has had an appar�unity t�inspec�
<br /> such Fraper�y to ensure�he wark has been completed�a L�nder's satisfac��on,pra�ided tha�such inspec�zon shall be
<br /> undertaken promp�Iy.Lender may pay for�the repairs and restorati�n in a sing�e disbursement or in a series of�r�gress
<br /> paym�nts as the work is c�mp��ted,LJnless an agreement is made in writing oar Applicable LavW requires interest t�be
<br /> paid on such Miscellaneous Proceeds,L�nder shall n�t be required�o pay Borrower an�interest or earnings an such
<br /> Misceiiane�us Proceeds.If�he res�oration�r repa.�r is no�ecanomically f�asib�e or Lender's s�curity wauld be lessened,
<br /> the Miscel�aneous Praceeds sha�l be applied to�he sums secured b��his Securi�y Instrument,whether or no�then due,
<br /> with the ex�ess,if any,pa�d to B�rrower. Su�h Misce�ianeaus Prace�ds shall be app�ied in�h�order pr�vided for�n
<br /> Section 2.
<br /> �n the e�ent of a�otal ta.king, destru�ti�n,or�oss in�alue of�he Proper�y,�he M�scellane�us Prace�ds shail be
<br /> applied to �he sums secured by this Secu�ity Ins�rument, whether or no�then due, with the excess, if any, paid�o
<br /> B orrower.
<br /> �n the even�of a par�iat�ak�ng,des�ruc�ion,ar lass�n�alue�f the P�operty in which the fair market�a�ue of th�
<br /> Property irnmed�a�ely bef�re�he partia��aking,destructi�n,ar�oss in value is�quai to or greater than th�amoun�af the
<br /> sums secured�y this Secu��ty�nstrumen��mmedia�ely before�he par�ial taking, destruc��on, or loss in�ralue,un�ess
<br /> Bo�rower and Lend�r otherwise a�ree in wr�tzng,the sums secured by�h�s Security�ns�rument shall b�reduced by the
<br /> amaunt af�he Misce��aneous Proceeds multip�ied by the fa�l�wing frac�ion:�a}�he to�a�amoun�af the sums secured
<br /> immediately befare the partia�tak�ng,d�structi�n,or lass in�alue divided by�b��he fair market�alue of�he Property
<br /> immedia�ely bef�re the partial�aking,destruction,ar�oss in value.Any bala�a��shall be paid t�Barr4wer.
<br /> In�he e�ent�f a partial ta��n�,destruc�ion,or�ass in�alue of�he Property in which�he fa�r marke�t value of�he
<br /> Prop�rty imm�dia�e�y befare�he pa.rt�al tak�ng,destruction,ar lo�s in�a1ue is Iess tha.n�h�amount�f�h�sums secured
<br /> immedia�ely befare�he pa.rtial taking, destruction, or Ioss �n�a�ue, unless Barrawe� and Lender o�herv�r�se agree in
<br /> wr�t�ng,the Miscel�an�ous Proce�ds shall be app�ied t�the sums secured by this Securi�y Instrument whe�her ar no��he
<br /> sums are�hen du�.
<br /> �f the Property is abandoned by Borrovve�,or if,after notice by L�ender ta Borrovver that the�pposing Part�y�as
<br /> defined�n the next sentence}ofFers�o ma�e an award�a settle a claim far damages,Borr��rer fa�is to respond to Lender
<br /> with�n 3�days after�he dat��he n�tice is given,Lender�s au�harized to�ol��c�and app�y the Mis�ellaneous Prac�eds
<br /> ei�her t�r�storat�on or repair af�he Property ar t�th�sums secured by this Secur��y Ins�ru.men�,vvhether or not�hen due.
<br /> "Qppasing Party"means�he third par�y that a,wes Borrower Misce��aneous Praceeds or the par�y aga.ins�whflm Borrower
<br /> has a right of ac�ion�n regard�o Misce�Ianeous Fr�ceeds.
<br /> Borrav�rer shall be in default if any ac��on �r praceed�ng, whether civil or cr�mina�, is begun tha�, in Lender's
<br /> judgment,could resul�in f��'ei�ure of the Property or ather ma�eria�impairment of Lend�r's in�teres��n th�Property ar
<br /> rights under this Secur��y�nstrumen�.Barrovver can cure such a default and,if accele�ra�ion has occurred,reins�ate as
<br /> � pro�id�d in Section 19,by causxng the action or proceedin�to be dism�ssed with a ru�ing tha�,in Lender's jud�men�,
<br /> precludes f�rfeiture of the Praperty or a�her material impairment of Lender's in�eres�in the Proper�y or rights under th�s
<br /> Securi�y Instrument.The praceeds of any award ar claim far damages that are atlributable t�the�mpairmen�of Len�er"s
<br /> �nterest in the Praperty are hereby assigned and shal�be paid ta L�nder.
<br /> AlI M�scellaneaus Proce�ds tha�are no�app�ied�a res�tara�ion ar repair of the Proper�y shall be applied in the arder
<br /> pro�ided for in Sec��fln�.
<br /> 12. Barrower Not Released; Forbearance By Lender Not a '47'�ai�er. Extens�on of�he�ime for payment or
<br /> �m�difica�ion of amor�ization of the sums secured by this S�curi�y�ns�rum�n�granted by Lerider ta Borro�ver or any
<br /> Success�r in�nteres�of B�rrQwer shall na�flperate tQ release the l�ability af Borrower or any Successors in�n�erest af
<br /> Borrow�r.L�nd�r shail n��be required t���mmence pro�eedzngs against any Successor in�nterest af Borrower ar t�
<br /> refuse t�extend�ime fflr paymen�ar otherwise modify amortiza�ion af the sums secured by this S�cur�ty�nstrument by
<br /> r�asan of any demand made by th�or�ginal B�rrow�r or a.ny Successors in Interes��f Borrower.Any forbearance by
<br /> Lender�n exercising any righ�ar rem�dy including,with�ut limitatian,Lender's accep�anc�of payments from�hird
<br /> NEBRASKA-Single Family-Fannie NlaelFreddie Mac UNIFDRM iNSTRUMENT Far 28 �1U�
<br /> Page8��13 s
<br /> �os,��c. Borrawer�s}Initials �.� �
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