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2� 1 ��4438
<br /> If�he Prop�rty is damag�d, such Misce�laneous Proce�ds sha��be appli�d to res��ra��on�r repa�r of.the
<br /> Prop�r�, if�he rest�ratian or repair is econom�cally feaszb�e and Lend�r's secur�ty �s nnt lessened.
<br /> Dur�ng such repa�r and res�ara�ian p�r�od, Lender shall ha�e �he rrght to h��d such Mz5ce11aneous
<br /> Prflceeds unti� Lender has had an appor�unity ta inspect such Property �a �nsure the �nrork has �een
<br /> �amplet�d ta Lender's sa�isfactinr�,prov�d�d�ha�such�nspec�ian sha�1 be undertaken promp�ly.Lender
<br /> may pay f�r�he re�airs and restorat�on zn a sing;le disbursem�n�or�n a series of pro�ress payments as
<br /> the�nrark is ct�mp�e�ed. Un��ss an agreenzen�is madc in�ri�ing or Applicable Lav�re�uires inter�s�to
<br /> be paid on such Miscellaneous Proceeds, Lender sha��nn�be required�o pay Borro�vver any�nter�st ar
<br /> earnings on su�h Miscellan�ous Proceeds. If th� res�oration or repair is nfl� ecanamical�y feasib�e or
<br /> Lender's security w�uld be �essen�d, th�M�sce�laneous Proceeds shall be applied���he sums secured
<br /> by �h�s Secur�ty Instrumen�, vvh�ther or nn�then due, with the excess, if any, paid�� Borra�rv�r. Such
<br /> M�scellaneous Pro�eeds sha��be applied in�he arder provided for in Sec�ion�.
<br /> �n the event of a tio�a� �aking, destruc�ion, or loss in va�ue of the Proper�y, �he Miscellaneous Pro�eeds
<br /> sha11 be app�zed to th� sums secured hy this Security Ins�rument, whether �r not then due, w��h the
<br /> �xcess,�f any,paid�a B�rrovver.
<br /> In �he e�en� of a par�ial �aking, destruc�ion, or Ioss in va�ue af th� Proper�y in whxch �he fa�r market
<br /> va�ue of th� Property immed�a�e�y befar�the par��ai taking, destruct�an, or l�ss in va1u� �s equa�to or
<br /> greater than the amount of th�sums secur�d by th�s Securi�y Ins�rumen�immed�ately before the par�ial
<br /> taking, d�s�ru�tion, or loss in�alue, unl�ss Barrower and Lender atherwise agr�e in writ�ng, �he sums
<br /> secured by �his Securi�y �ns�rument sha11 be reduced by the amoun� �f the Miscellaneous Pr�ceeds
<br /> mul�ipli�d by the falla�ving fraction: �a} the total amount�f th� sums secur�d imxnediately before the
<br /> par�ial ta��ng, destruction, ar loss in �al�e d��rided by �b} the fair marke� value af �he Properry
<br /> immedia�ely bef�re the par��al �aking, c�estruc�ion, or 1o�s in value. Any balanc� shal� be paid �o
<br /> Borrov�er.
<br /> In �he even� of a par�ial �ak�ng, des�ruction, or Ioss in value of�he Proper�y xn which �he fair mark��
<br /> value of the Praperty immedzate�y before th�par�ia��akzng,des�ruct�on, or��ss in�alue�s�ess than the
<br /> a�nount of the s�xxns secur�d�rnmedia�eXy b�f�re th�par�ial taking, destiruc��on, or l�ss in�a�ue, unless
<br /> Borrawer and L�nder o�herwise agree in wrz��ng, the M�scellaneflus Proceeds sha1� be appl�ed tio �he
<br /> sums secured by this Security�ns�rum�nt whe�her or no��he sums are then due.
<br /> If the Property is abandon�d by Borra�ver, ar if, af�er natice by Lender to Borrower�hat�he Qpposing
<br /> Party�as defined in�he n�xt sentenc��offers ta make an a�vard to settle a clairn for dam.ages,Borrower
<br /> fails ta resp�nd to Lender within 3D days after the da�e �he na�ice is given, Lender zs authori�ed �o
<br /> colle�t and apply the Misce�lane�u� �r�ceeds exther �o res�ora��on or r�pair of�he Praper�y ar ta �he
<br /> su�ns secured by�his Security Instrument, whe�her or nat�hen due. "Qpp�sing Par�y" means the third
<br /> parfiy that ow�s Bnrro�ver Misce�laneous Proceeds or�he par�y against�hoxn Borr�wer has a r��ht�f
<br /> ac�ion in regard ta Miscellaneous Proceeds.
<br /> Borrower shal� be �n default if any action or prflceeding, vvhether ci�i1 �r criminal, �s begun that, �n
<br /> Lender's judgrnent, �ou�d result �n forfei�ure of the Praperty or a�her material �mpairmen�of Lender's
<br /> interes��n�he Praperty ar r�ghts under this Security.�ns�rumen�. B�rrov�er can cure such a defaul�and,
<br /> if acce�era�ion has occurred,reinstate as provxded in Se�t�on �9,by causing�he ac�tion or proceed�ng�a
<br /> be dismissed w��h a ruling �ha�, in Lender's judgmen�, precludes forfei�ure of the Proper�y or o�her
<br /> ma��r�al impairmen� of Lender's int�r�s� in �he Prflperty or r�ghts under this S�curi� Instrumen�. The
<br /> proc�eds of any award ar claim far damages that are at�ributable to the impairment of Lender's in�erest
<br /> xn�he Proper�y ar�hereby assigned and shall b�paid�a Lender.
<br /> A�1 Mzscellaneous Praceeds�ha�are not app�ied to res�ora�ion or repair�f the Property sha�l be app�xed
<br /> �n�he flrder provid�d for in S�ction 2.
<br /> NEI3RASKA-Single I'amily-Fanrtie Mael�'reddie Mae UNI�'DIL'VI I�iS'�'RUML�NT Torm 3DZ8 1lDl
<br /> C�7 2�D4-Z��5 Complian�e 5ystet�s,�nc.9d 1 h3d44-93dc4�Ob-2�16.112.�.� �
<br /> Sir�gle Family Reat Estate-Sec�irity Tnstrument I]L2�47 Page 9 of 1� www.compliancesys�ems.com
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