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2� 1 ��3912
<br /> I]ur�ng sucl�repair ax�d restoratro�� periad, Lender shall ha�e the ri�ht to ��o�d s�ich Misceiia���ous
<br /> Proceeds u��t�1 Lender has had ai� opportun ity t� i nsp�ct such Praperty to ensure the work has been
<br /> co�npleted to Lender's satisfaction, pro�id�d tl�at sucl� inspec�ion shall �e Lit�dertaket� prot�p��y. Leilder
<br /> may pay far tl�e repairs and restoratian it� a si��gle d�sbursement or in a series of pro�;ress payments as
<br /> the vvflrk is completed. Unless ai� agreeinent is tnade in vvriting or App�icable Lavv req��ires it�terest to
<br /> be paid ot� such Misce��ar�eoiis Proceeds, Le��der shall not be req�rired to pay Boi�rower al�y itlterest o�-
<br /> earnings�n such Miscel�at�eo�.�s Proceeds. I f the restaratior� �r repair is tlot econo�nically feasib�e�r
<br /> Lender's secur�ty would be �essened, tl�e M iscel lar�eous Proc�eds s��al1 be appl ied to the s���r�s sec��r�d
<br /> by t��i5 security Instrument, whether or not tl�et� due, w�t��the exc�ss, if aYzy, paid to Borr��ver. Such
<br /> Miscellaneous Proceeds sha11 be appl�ed in tl�e order pro�ided for i�� Sec�i�i� ?.
<br /> In the e�ent af a total taki ng, destruction, or loss i n�al��e of the Property, the M i sce 1�at�ea�.�s Proceeds
<br /> sha�l be applied to the sums secured by this Security Instrument, wh�ther or not t��en due, r�vith the
<br /> e�cess, if any, paid to Borro�ver.
<br /> In the e����t of a pat�ial tak���g, destructia�l, or loss in�alue of t��e Pr�pet-�y it� wl�ich��-�e fair�r�arket
<br /> �alue a f the Pr�per�y i tnmed iate ly befor�the parti al taki�zg, destrGrct��n, or 1 ass i�� �al��e i s e���al to
<br /> �r greater than t��e amaunt of�he s�.�n�s se��rred by this Sec��rity Instr���l�et1� im»nediately befare the
<br /> partial taking, destructiar�, �r loss in �al��e, �����ess Bort-o�ver and Lendc�-otherwise agree in ��vriti��g,
<br /> the sutr�s s�cured by this 5�curity I�zstrument sl�all b� reduced by tl7e axnou���of the Misce��ar�eo��s
<br /> Praceeds multiplied by �i�e fo�lawin�fractio�7: ta}the tota� aina��nt of the sums secured immediately
<br /> before the par�ial takii�g, d�structio��, or loss it� �alL�e di�id�d by �b}t��e fair inarket�al�.�e of the
<br /> Proper�y imr�nediately before�he par�ial �aking, destruction, or lass �j� �a�ue. Any balat�c�sllall be paid
<br /> to Borro�ver.
<br /> In the e�e��t af a partial taking, destructi���, or lass in�a1L�e of the Property in vvhi�li the fair market
<br /> va�ue�f tl�e Pr�pet�y ixnz�ned�ately before the partial takir�g, destr��ction' or loss i�� �alE�� is less t}�at�the
<br /> amoul�t of�he s��tns secur�d �mmedxately befo�-e the partial takitzg, C�e5trLlCti���1, or loss �n �alue, �inless
<br /> Borrovver a��d Ler�der otl��r�vise agree i�� vvriting, tl�� Miscel�ar�eous Proceeds shall be app�ied t�the
<br /> sums secured by this Security I��strume�z�w��et��er�r��at tl�e s���r�s are thei� d���.
<br /> �f the Pr�perty is aband���ed by Borrower, �r if, after notice by Le��der to �3orrower that�l�e C3pposing
<br /> Par�y�as defit�ed �tz t��e t�ex� s�ntez�ce}offers to inake at� award to settle a claiir� for datnages, Borrovver
<br /> fails ta respo�ld to Lender wi�lli��3� days after tl�e date t��e t�atice is gi�eii, L�nder Zs a��th�rized to
<br /> cal�ec�and apply the Miscellaneous Prflceeds either to restorati��7 or repair of the Property or t�tl�e
<br /> s���ns sec��red by tl�is Sec��rity I��st�utnent, whether or n��thei�d��e. '`C�ppos r���Pa�-ty" mea��s tl�e third
<br /> pat�y that owes Barrovver M�scellaneous Pr�ceeds or t�1e party agait7st vv��o�n E3orrower l�as a r��,h�of
<br /> acti�n in regard to Miscelianeous Proceeds.
<br /> Borr�wer shall be i�z d�fau�t if at�y actiotl or proceedin�, rn�het��er�i�il or crimit�al, 15 b��Li11 th�t, in
<br /> Le��der's jud��ne��t, could r-es�.�lt i�� forfeiture of the Property or oti�er t��aterial itnpairzne��t�f Lender's
<br /> i��t�rest in the Prop�rty or i-i�l�ts ��t1d�r tl�is S�c��rity Inst�-�.�t��e��t. Qorr-ower ca�� cLire sucl� a defa��lt a��d,
<br /> if acceleration l�as occurred, rei��state as pro�ided i�� Sectiot� 19, by caus����t��e ac�ioi� or proceedi��g
<br /> to be dismissed with a ruling that, in L�i�der's judgtnent, precli.�d�s forfe�t�rrc of the Prc�pe�-ty or ather
<br /> ma�erial impairment�f Lender's it�terest i�� th� Property or rights under tl�is Security I��strume��t. The
<br /> proceeds of any award or�lai�n far dama�;es that are at��•i b��ta�le to�l�e i m pai rme��t of Let�der's i nterest
<br /> i��the Property are hereby ass ig��ed ar�d shal 1 be pai d t� Lender.
<br /> All Miscellaneous Proceeds that are t��t appli�d to restora�ia�� or repair af t��e Property shall b� applied
<br /> ���the arder pro�ided for ii� Sectioi� 2.
<br /> 23�0�#101��
<br /> NEBRASKA-5ingle Fami�y-Fannie MaelFr�dd�e Mac UNIFQRNI IN5'T f2UME�NT Form 3�28�1�1
<br /> VM P� 12l2�15
<br /> Walters Kluwer Financiaf Services 2015�6�F�16 1 1 3�55-N24�6a12FN Page 1�❑f 15
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