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2� 1 �� 1 �74
<br /> satisfactian, provided that such inspec�ion sha�I be undertaken promp��y. Lender may pay for the repa�rs
<br /> and restoration in a single disbursement ar in a series of pragress pa�ments as �he work �s caz�p��ted.
<br /> Un�ess an agreement is made in writing or Appiicab�e La�xr requ�res�n�eres�to be paid on such �
<br /> M�scellaneous Proce�ds, Lender sha��no��e required�o pay Borrower any �nter�s�or earn�ngs on such
<br /> Miscellaneaus Proce�ds. �f the restoration ar repair�s not�conom�cai�� feas�b��or Lender's se�urity wou�d
<br /> be lessened, the Miscellaneous Froceeds sha�� �e app�ied to th�sums secured by this Securi��r Ins�rumen�,
<br /> whether�r not then due, w�th�he excess, �f any, pa�d to Borr�wer. Such Mis�ellaneous Proceeds shail b�
<br /> applied zn the ord�r provzd�d far in Sec�ion 2.
<br /> �n the event af a�a�al tak�ng, destruction, or los� in�aiue of the Fraperty, �he Misce��aneaus Proceeds sha��
<br /> be applied to�he sum� secured by this Se�ur�t� �nstrumen�, whe�her or no��hen due, w��h th�excess, if ar�y,
<br /> paid�o Borrov�er.
<br /> �n th�e�ent of a par��al taking, destruction, or loss in�a1ue of the Pr�per�y in whi�h the fa�r marke�va�ue of
<br /> the Pr�per�y immediateiy b�fare�he par�ial taking, destruc�ion, or�oss in va�ue�s equal to or gr�ater�han�he
<br /> amaun�af th��ums secured b��his Security �ns�rumen��mmed�a�e�y b�fore�he par��a� takizag, ��structian, ar
<br /> loss in�alue, un�ess Borrower and Lender�therw�se agr��in wri��ng, the sums secured by this S�curity
<br /> �nstrumen�sha�l be re�uce�b��he amount of the Misc�lla�eous Praceeds multip�ied by th�f���owin�
<br /> frac��fln: �a}the t�ta� amount�f�he sum� s�cured imm�diat�Iy bef�re�he part�a� �aking, destruct�on, �r�oss
<br /> �n value div�de�by tb} �he fair market�alu�of�he Property �mm�dia���y befnr��he par��a� �aking,
<br /> destruc�iQn, or los� in�a�ue. Any ba�ance sha��be pa�d�a Barrawer.
<br /> In the e�en�of a par�ia��aking, des�ruct�an, or�oss �n value of th�Prflperty in which�he fair mark�t�alue of
<br /> the Proper�y �xn.medzate�y before the par�iai taking, destruc�ion, or Ioss in�alue is less�han the amount�f the
<br /> sums secured �mmed�ate�y before�he par�ia� taking, �.estructian, or iass �n va�u�, un�ess Borrow�r and
<br /> L�nder oth�rwis�agre� in writing, �he Misce�lan�ous ProCeeds shal�b�appl�ed t� the sums �ecured by th�s
<br /> Securi�y Instrum�nt whether or n�t the sums are then due.
<br /> If the Prop�r�y �s abandflned by B�rra�er, or�f, aft�r notice by Lender to Borrawer tha��he�pposing Pa�-�y
<br /> �as defined in�he nex�sentence�a�fers �o make an awar�ta se���e a claizn for damages, Barraw�r fai�s �o
<br /> respond to Lender within 3a days aft�r�he date the n�tice is given, Lender is au�har�zed t�c��l���and app�y
<br /> �he Mxscel�aneous Prace�ds either to res�aration or repa�r�f�he Proper�y or tt��he sum� secured by this
<br /> Securi�y �nstrumen�, whether ar not th�n due. "�ppn�zng Par��" means�he th�rd par�y that awes Borrawer
<br /> Miscei�ane�us Proceeds�r th�par�y a�ainst whnm Borrawer has a righ��f act�an in regard ta Miscel�aneaus
<br /> PraGe�ds.
<br /> B�rrawer sha��be �n defau�t if any action�r proceeding, whether�iWil�r critnina�, is begun�ha�, zn Lender`s
<br /> judgmen�, could resu�� in forf�i�ure�f th�Pr�per�y or o�h�r materia� impa�rment af Lender's �n�eres�in the
<br /> Property or righ�s under�his Se�urity �nstrumen�. B�rrovver can cure such a defau�t and, if acce�eration has
<br /> oc�urred, r�instat�as prov�ded�n Sec�i�n �9, by causing the ac�ian�r praceed�ng to be dismissed wi�h a
<br /> ruling tha�, in L�nder's judgnzent, preclud�� f�rfeiture of the Proper�y or other mater�al �mpairment of
<br /> L�nder's �n�ere�t in the Praperty or r�ghts under this Security Ins�rument. The proce�ds of any award or
<br /> c�a�n1 for damages that are attributabie t�the�mpairment of Lender's interest in the Proper�y are hereby
<br /> assigned and shall be pa�d�o Lend�r.
<br /> All MisceZlane�us Praceeds�ha�are n�t app�ied t�restora��on or repair of the Praper�y shall be app�ied �n�he
<br /> arder provided far in Section 2.
<br /> N�BRASKA-5ingie Famiiy-Fannie MaelFreddie Mac UNIFORM INSTRUMENT �arm 3��8 114�
<br /> VMP p VMP64N�3 t�302}
<br /> Wa#ters Kluwer Financial Services Pag�1 q af�7
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