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2� 15�8819
<br /> 11.Ass�gnment of Miscexlaneous Proceeds;F�rfe�ture.A�1 Miscellaneous Proceeds are hereby assigned to and
<br /> shal�be paid�v Lender.
<br /> �f the Propex�y�s damaged,such Miscellaneous Proceeds sha11 be app�ied t�restoratian or repair of th�Froperty,if
<br /> �he r�s��rati�n or repair�s�connmiGa�ly feas�ble and Lender's security�s not Iessened.L7uring such repa�r a.n�d res�orat�an
<br /> period,Lender shall ha�e�he righ��o hold su�h Miscel�aneous Proc�eds u.ntil Lender has had an oppor�unity to inspe�t
<br /> such Praper�y to ensure the work has been��mpl��e�to Lender's sa�isfactian,pro�id�d tha�su�h inspec��on sha�l be
<br /> under�aken promp�ly.Lender rnay pay for�he�epairs and res�ara�ion�n a singl�disbursement or in a series of prvgress
<br /> payments as�he work�s comp�et�d.Un�ess an agre�ment is mad��a writ�ng�r Appl�cable La�v requires in�erest�to b�
<br /> paid�n such M�scellan�aus Proceeds,Lender sha��nat be required�o pay Borrower any in�eres�or earnings on such
<br /> M�scellaneous Proceeds.�f�he rest�ra�ion or r�pa�r is not economically feasible�r Lender's securi�y w�uld be less�ned,
<br /> �he Miscellaneous Proceeds shall be applied�o�he sums secured by th.is Securi�y�nstrument,whether or no��hen due,
<br /> v�ith�he excess, if any,paid to Barraw�r. �uch Mis�el�aneous P�oceeds shall�e applied in the order provided for in
<br /> Sec���n 2.
<br /> Tn the event of a�ota��aking, destruction,�r loss in�a�ue of�he P�roperCy,the Miscellane�us Pr�ceeds shall be
<br /> applied to �he sums secured by this SeGuri�y Instrument, vvhether ar not�hen du�, w�th the excess, if any, paid to
<br /> Barrower.
<br /> �n�he ev�n�of a part�al�a�ing,des�ructi�n,ar lass in va,�ue of th�Property in�nrhich the fair marke�valu�of the
<br /> Praper�y immediately before the par��al ta.��ng,des�ruc�ion,or los�in�alue is equa�to ar greater than�he amoun�of the
<br /> sums secured by this Security Ins�rument immediately before��e partia�tak�ng, destructian,flr Ioss i�value,unless
<br /> Borrower and Lender�thervvis�agree ir�vvri�ting,the sums secured by this Secu'rity�nstrumen�shai��e reduced by�e
<br /> amount of�he Mis�ellax�eous Proceeds multipli�d by the fol�o�ing�raction: �a}the to�al amount of�he sums secured
<br /> imm�dzately�efore the part�ai tak�ng,destruc�ion,or loss in�a�u�divided by�b}the fair market�alue of the Pr�per�y
<br /> imm�diatel�b�fore�the par�zaX tak�ng,destruction,ar�oss in value.Any�alance shall be paid ta B�rr�wer.
<br /> In�he even�af a partial tal�in�,destru��ian,or l�ss in�a.lue of�he Property�n which the fair market�alue of the
<br /> P�oper�y immedia�ely befor�the par�ia��aking,d�s�ruction,�r�oss in vaiue is less�han the amount of�he sums se�ured
<br /> immediate�y b�fore the par��a1�aking, des�ruction, ar�oss in value, unless Borrov�er and Lender fltherwis�agree in
<br /> writin�,�he Misce�laneous Proceeds sha��be applied�a the sum�s�cured�y�his Security�nstrument whether�r n�t th�
<br /> sums are�hen due.
<br /> �f the Pr�per�y is abandoned by B�rrower,ar if,after nat�ce by Lender�o Borrower that the��posing Party�as
<br /> defined in�he next sentence}�ffers�o make an award to set�le a claim for damages,Borrov�er fails ta respond ta Lender
<br /> v�ithin 3�days after�he date�h�no�ice is gi�en,Lender is authoriz�d ta collec�and apply the M�scellaneous Proc�eds
<br /> ei�her to restara�ion or repair of the Propert�r or to�he sums secured by this 5ecurity�ns�rum�nt,�nrhether ar no�then due.
<br /> "�pposing Par�y',means�he�hird parfiy�hat owes Borrovver Misceilan�ous Pr�ceeds or the pa.rty against vvh�m Borrower
<br /> has a right�f act�on in regard to Miscel�aneous Proceeds.
<br /> B�rrov�er sha�� b� in default if any ac�ion or pra�eeding, whe�her civii �r cr�minal, is begun�hat, in Lender's
<br /> judgment,cauld resul�in forfeiture of�he Proper�y�r other mat�rial impairment flf Lender's�n�eres��n�he Property or
<br /> righ�s under this Security�nst�rument.Barravver can cure such a d�fau�t and,if a�celearation has a�curred,reins�a�e as
<br /> provided in Sec�ian I.9,by caus�ng th�action or proceeding to be disrriissed with a ruling that,xn L�nder's judgment,
<br /> preciudes forfeiture of the Property�r ath.�r xna��riat impairm�nt of Lender's interest in�he proper�y or rights under�his
<br /> Securi�y Instrumen�.The pr4ceeds of any aWard or��aim far damages�ha�are a�tr�butable to the impairment of Lender's
<br /> in�erest in�he Property are hereby assigned and shall be paid�o Lender.
<br /> A11 Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be applied in the order
<br /> provided for�n Sec�ian z.
<br /> 12. Borrawer N�t Re�eased; F�rbearance Sy Lender Not a 'VL�'ai�ver. Extensi�n of the �ime far paymen� or
<br /> modification af amor�izati�n of�he sums secured by�his Security�nstrument granted by Lender ta Ba�rov�er ar a.ny
<br /> Successor in In�erest of Borrawer shal�no�aperate to release�he�iab��i�y af B�rro�nre��r any Succe�sors in Interest of
<br /> B�r�ower.L�nder shall nat be required to cornmence proceedings against any Succ�ssor in Interest of Borrovver or to
<br /> refuse#o extend time for payment�r othe�wis�madify amor�ization of�he sums secured by this S�cur�ty znstrument by
<br /> reason of any demand mad�by the arig�nal Borrower ar any Succ�ssors�n Interes�of Barr�wer,Any fflrbearance by
<br /> Lender�n exercis�ng any rFgh�or remedy�nc�udxng,vvi�hou�1�m��atzon,Lender's acceptance of�ayments fr�m third
<br /> NEBRASKA-Sing�e Fami�y-Fannie MaelFreddie Mac UNIF�RM INSTRUNIENT Form 3 8 �10�
<br /> Pag e�of 13 . ,
<br /> i��,in�. Bvrrower�s}Initials .�'��
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