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2� 1 ��445�
<br /> sat�sfaction, provided that such �nspection sha11 be undertaken promptly. Lender may pay for the repairs
<br /> and restaration in a single di�burs�men�ar in a series of progress payments as the��r�is c�mpleted.
<br /> []niess an agreement is made in writing�r Applicable Law requires interest to be paid an such
<br /> M�sce�laneous Praceeds, Lender shali not be required to pay Borrower any interest or earning�on such
<br /> Miscei�aneous Proceeds. �f the res�oration or repair is no�econom�cally feasib�e or L�nder`s securzty wou�d
<br /> be tes�ened, the Miscellaneous Proceeds shali be app�ied�a the sums secured by thx� Securzty �nstrument,
<br /> whether or no�then due, with the excess, if any, paid to Borro�er. Su�h Mzsce��aneous Pro�e�ds shal� be
<br /> applied in the order prov�ded far�n Sec�ion�.
<br /> �n the e�en�of a tatal �aking, destruct�on, or lass �n va�ue of the Property, �he M�scellaneflus Prflceeds shall
<br /> be app�ied ta the sums secured hy this Se�urity �nstrumen�, �vhether ar not�hen due, �vi�h the excess, �f any,
<br /> paid ta Borrflwer.
<br /> �n the event af a partial taking, destruction, ar Ioss in�ralue of the Property in which the fair market va�ue of
<br /> the Praperty immediately bef�re the par�ial taking, d�struc�ion, �r loss in va�ue�s equa� to or greater than�he
<br /> amount of�he sllms secured���his Security �nstrument �mmed�at�ly b�fore the part�a� tak�ng, destruction, ar
<br /> �oss in�alue, un�ess Borrow�r and Lend�r ath�rw�s�agree in wri�ing, the sums se�ured b�r�his Secur��y
<br /> �nstrumen�sha�l��r�duced by th�a�naunt af the Misceilane�us Procee�.s mult�p�z��.�y�he f�l�owing
<br /> fracti�r�: �a} the t�tal amoun��f�h�sums secured im.med�ate�y before�he par��a� tak�ng, �es�ructzon, or lass
<br /> in value d��ided b� �b}�he fair market value af the Prflper�y immed�ately befare�he partial taking,
<br /> destruc�xon, or��ss �n va�ue. An�ba�ance sha��be paid to Borra�ver.
<br /> �n the even�of a par��al taking, destruc�i�n, or loss in�alue af�he Praper�y �n whzch the fair marke�va�ue of
<br /> the Pr�p�r�y imm�diat�ly�efar�the par�ia� taking, ��struct�on, ar��ss zn va�ue�s�ess �han the amount af the
<br /> sums secured immediate�y before�he par��al �ak�ng, des�ruction, �r lass in va�ue, unless Borrower and
<br /> Lender o�herw�se agr�e xn wr�t�ng, the N��scellane€�us Proceeds shall b�applied ta the sums secured�y this
<br /> S�cur�ty�n�trurnen���Ze�her ar nat the sums are then due.
<br /> �f the Property i� aba�don�d by Borra�ver, ar if, after n�t�ce by Lender�o B�rrower that�he�ppas�ng Party
<br /> �as t��fined�n the n�xt�entence� affers t�make an award�o�ett�e a claim�far damag�s, Barrower fails t�
<br /> respand t� Lender w��h�n 34 days after the date th�natice i� given, Lender is authari2ed�o col�ect and app�y
<br /> the N��sce�lane�us Prace�ds either�o restora�ion�r repa�r of the Pr�per�y�r�o the sums secured by thzs
<br /> 5ecuri�y �ns�rumen�, whether or no�then due. "C)pposing Party" means th�third party�hat owes Borrawer
<br /> Miscellan�ous Procee�s or the par�y aga�ns��ham Borrnwer has a r�ght�f ac�ion�n regard�o M�sc�l�an�aus
<br /> Proc��ds.
<br /> Borrflwer sha.��be�n d�faul�if any action ar praceeding, wh��her c�vil ar crimina�, is b�gun tha�, in Lender's
<br /> �udgn��nt, could re�uit in forfeiture of the Prapert�or other mat�ria� impairm�nt af L.ender's interest�n�he
<br /> Praperty ar rights under�his S��urity �ns�rument. Borrower can cure su�h a defau��and, �f acce�eration has
<br /> occurred, r��nstate as provided in Sec�ion ��, �y caus�ng th�act�on ar proceed�ng t��e dzsmiss�d�vith a
<br /> ruling�hat, in Lender's judgmen�, preciud�s f�rfe��ure of the Praperty or a�her ma�erial impairment�f
<br /> Lcndcr'� in����s�in�h� Property�r�ig�.t�und�r�his �ccu�ity In��rumcnt. The p�a�ccds�f any��vard�r
<br /> c�a�m for darnages�ha�are at�ributabie�o�he impairmen�nf Len�i�r's �nt�res��n�he Prop�r�y are her�by
<br /> assigned and shal�be pa�d to Lender.
<br /> A�� M�sce��an�flus Procee�s�hat are no�app��ed to r�stora�ion�r repair of the Property shall be app�zed�n�he
<br /> order provided far in Section 2,
<br /> NEBRASKA-5ingle Family-Fannie MaelFreddie Mac UN1��RM lNSTRUMENT Form 3Q28 110�
<br /> VMP� VMPS�N��t�3�2�
<br /> Wv�ters Kluwer Financial Ser�ices Page 1�af 7 7
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