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2� 1 ��5�31
<br /> sat�sfac��on, pravzded that such inspe�t�on shall be undertaken prom.p�ly. Lender may pay far the repairs
<br /> and restorat�on in a s�ng�e d�sbursement ar in a serie�af progr�ss payments as �he wor� �s completed.
<br /> Unless an agr��ment is made �n wr�ting or Applicab�e Law r�qu�res �n�erest to b�pa�d on such
<br /> M�sce��aneous Pr�ceeds, Lender sha�l nat be required to pa� Barrawer any ��teres�ar earnzngs on such
<br /> N�iscellaneous Proceeds. �f th�restorat�on or repair is not e�onamical�y f�asib�e�r Lender's security vWauld
<br /> be�ess�n�d, �h� Misce�laneous Proceeds shall be app�i�d to the sums secured by �his Security �nstru�ment,
<br /> wheth�r ar not th�n due, w�th the e�cess, �f any, pa�d t� Barrow�r. Such Miscei�aneous Proc��ds shall be
<br /> app�i�d in the ord�r provided for in Sec�ian 2.
<br /> In the�vent of a tata� taking, destruction, or ioss in�a�ue of�he Froperty, the Misce��ane�us Pro�eeds sha�l
<br /> be applied ta the sums secur�d by th�s Se�ur�t� �nstrument, whe�h�r ar not then due, with the e�cess, zf any,
<br /> paid�o Borrower.
<br /> In�he even�of a par�iai tak�ng, destruc�ion, or Ioss in va�ue of the Property in which th�fair marke�value�f
<br /> the Praperty imm�diately before th�par�ial�aking, des�ruction, ar loss in value is equa� t� �r greater�han�he
<br /> amaunt of the sums secured�y this Security Instrumen� immediateiy before the par�ial taking, destruct�on, or
<br /> I�ss in value, un�ess Barrower and Lender otherv�r�se agree in writin�, the sums secured by�h�s S��ur�ty
<br /> Ins�rument sha�� be reduced by the amount af the M�sce��an��us Proceeds mu�t�p��ed by the fo��o�ving
<br /> frac��on: �a} th���ta� amaun��f the sums secured imm�d�at��y before the part�a� taking, destruction, or ioss
<br /> �n�a�u�dzvided by �b} the fair marke�valu�af the Prop�r�y �mmediately bef�re the part�a� taking,
<br /> destructian, or los� in�aiue. Any baian�e shal�be paid �o Borr�wer,
<br /> In the even�of a par��al �aking, des�ruction, flr�oss in value of the Property in vvhich the fair marke�value of
<br /> the Property �mmed�ately before�h�part�al tak�ng, destruction, ar loss in value is ��ss than the amount�f the
<br /> sums secured �mm�d�ately bef�re the par�ia� takzng, destruction, ar��ss �n�a�ue, un��ss Borr��v�r and
<br /> Lender o�h�rw�s�agree �n wr��ing, �he Mi�ceilaneous Pro�eeds sha�� be appl�ed t� the sums secured by �h��
<br /> Secur�ty �nstrument whether or not �he sums ar�then due.
<br /> If the Property �s abandoned by Borra�ver, or if, after notice�y Lender to Borr�vv�r that the�pposinb Party
<br /> �as de�ined �n the ne�ct sentence) affers ta make an award ta settl�a claim for damages, Bo�-ro�ver fa�is to
<br /> respond ta Lender�vithin 3�days after the da�e the not�ce is given, Lender is authorized to ca�ie�t and app�y
<br /> the M�sce��aneous Proceeds e�ther�o restorat�on or repa�r of the Proper�y or�a the sums secured by this
<br /> Security Instru�n�nt, �vh��her or n�t then due. "�ppos�nb Par�y" means th�th�rd par�y that otives Borrawer
<br /> M�sce��an�aus Proceed� or the par�y abains�whom Borrower has a r�ght o�actian in regard �o iV�iscel�aneous
<br /> Prticeeds.
<br /> Borrawer shali be�n default if any action or pr�ceed�ng, �he�her ci�vii or criminal, is begun�hat, in Lender's
<br /> judgment, could resu�t in forfe�ture of the Prop�r�y or other ma�eria� �mpa�rment of Lender's �n�erest �n the
<br /> Propert� or r�ghts under th�s �ecur��y Instrum�nt. Borrflw�r can cure such a default and, �f accel�rati�n has
<br /> occurred, r��nstate as pro��ded �n Section 19, b�caus�ng �he act�on�r pro�eed�ng to be d�smissed v�ith a
<br /> rul�nb�hat, in Lender's�udgment, precludes f�rfei�ure af the Prop�rty or ather material impa�rment of
<br /> L�nd�r's in�erest in th�Pr�perty or rights un�er this Security Ins�rument. The proce�ds of any aw�rd ar
<br /> claim for d�mages �ha� are attributab���n the�mpairmen�Qf Lend�r's znt�rest �n the Prapert� ar�h�r�by
<br /> assibned and sha��be pa�d �n L�nder.�
<br /> Ai� M�sce��an�ous Pr��eeds that are nat appli�d to restara��on�r repair of th� Property shall be applied in �he
<br /> or�er provided for in Se�tion�.
<br /> NEBRASKA-Single Famify-Fannie MaelFreddie Ma�UNIFQRM INSTftUMENT Form 3Q28�1Q1
<br />, VMP Q VMP6tN���'�34��
<br /> 3
<br />, Wolters Kluw�r Financiai Ser�iEes Pac�e��at 17
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