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2� 1 ��74�9
<br /> sa�i�fa���on, pravided �hat such �nspec�ian shall be undertaken pr�mp��y. L�nd�r may pay for�he repairs
<br /> and res�nrat�on in a s�ng�e d�s�ursement�r in a series of pragress payments as th�work is comp�e�ed.
<br /> Unless an agreement is m�.ade�n writing or App�icable La�v re�u�res �n�eres�to be paid�n such
<br /> M�sce�laneous Proc��ds, Lender shall no�b�requ�red to pay B�rrow�r an� inter�st or earn�ngs�n such
<br /> M�scellan�aus Proc�e�s. �f�he r�s�oration�r r�pair is no�econam�ca��y feasible ar Lender's secur�ty would
<br /> be�essened, the Mis��ilaneous Proceeds sha��be app�ied�o th�sums�e�ured b� �h�s S��uri�y Instrument,
<br /> whe�her or nat then.due, with the�xc�ss, zf any, paid��Borrov�er. Such Misce��an��us PraC��ds sha�� be
<br /> applied in�he order pra��ded for in Sectzon 2.
<br /> �n the e�ent�f a total tak�ng, destruction, or lass i��a�ue�f�he Proper�y, the Misce��aneaus Proceeds shall
<br /> be app��ed to th��ums s�cur�d by this S�curity Instrument, whether or no�then due, with the�xcess, if an�,
<br /> pa�d ta Borrnw�r.
<br /> In�h�event of a par��a� taking, d�struction, ar loss �n va�u�of the Prop�rty in which th�fa�r market vaiue af
<br /> the Pr�perty immed�ate�y before the par�ia� taking, destruGt�an, or�oss zn value�s equal to or greater than the
<br /> amoun�of th�sums secured by this Security Ins�rument�mmediate�y before th�par��a� ta�ing, destruct��n, or
<br /> lo�s in�alue, uniess Borr�wer and L�nder otherwise agree in writing, �he sums se�ured by �his S��ur�ty
<br /> Instrument sha��b�reduced by th�amount af�he Misce�Ianeous Praceeds multipiied by�he fol�owing
<br /> frac��an: �a} �he�ota� amount of th�sums s�cur�d zmmed�ate���efore the par�ial taking, destruct�on, or Ioss
<br /> in�alue divided b� �b} th�fa�r marke��a�u�of the Proper��r �mmediately befare the par�ial taking,
<br /> des�ru�t�on, or l�ss in value. Any ba�ance shail be paid�o Borrav�er.
<br /> In the event of a partial �aking, des�ru�tion, flr�oss in�alue of�he Property in�vh��h the fair marke�va�ue of
<br /> the Proper�� imumed�at��y before the par�ial tak�ng, destruc�ian, Qr l�ss in value is �ess than the amount of�he
<br /> sums secured immediat��y b�fflre�he partial tak�ng, destructi�n, or��ss in value, un�ess B�rr�wer and
<br /> Lender�thervvise agree in wr�t�ng, the 1V�is�ellaneaus Pro�eeds sha��be applied ta the sums secured by this
<br /> Secur�ty Ins�rument whe�her�r not the sums are then du�,
<br /> If th� Frop�r�y �s abandon��l by Barrower, or�f, after notice by Lender to B�rrower tha� the Qpposing Party
<br /> �as d�f�n�d �n�he next sen�ence} a�fers t� �nake an award�o se�tle a c�aim for damages, B�rrow�r fails ta
<br /> respond to Lender�v�thin 3�days aft�r the date th�not�ce�s given, Lend�r�s autharized t�c����ct and appl�
<br /> the M�sce�laneaus Proc�eds e�ther t� r�stnrat�on�r repair af�he Praper�y or�o the sums secured b� �h�s
<br /> Se�ur�ty Insti-ument, wh�th�r or nat �h�n�ue. "�ppa�ing Party" means the third party tha�owes Barr��er
<br /> M�sce��aneous Proceeds ar�he par�y aga�nst whom Barrnw�r ha� a right of ac�ian in regard ta Miscelianeous
<br /> Proceeds.
<br /> Borrawer shall be in defau�t if any act�on or pr�ceed�ng, whether civil ar cr�minal, is begun that, in Lender's
<br /> �udgment, could resu�� in farfe��ur�of�h� Property ar�th�r ma��r�a� impairment of Lender's interest �n the
<br /> Praper�y or r�ghts under this Secur��y �ns�rumen�. Borr���r can cur� such a defau�� and, if acceieratian has
<br /> occurred, re�nstate as prov�ded in Sect�an ��, by causing th�actian or proceed�ng to be d�smissed w��h a
<br /> ruling�hat, in Lender's�udgm�n�, prec�udes forf��ture�f the Prnper�y or�ther material impa�rment of
<br /> Lender'� in�eres� in the Pr�perty or rights under�his Secur��y�nstrumen�. The pro��eds�f any a�vard or
<br /> c�a�m f�r damages�hat are attributabl�to the impairment of Lend�r's in�er�st �n the Prnp�rty are hereby
<br /> assigned and sha�� be paid to L�nder.
<br /> A�I M�s����aneaus Pr�ceeds tha� are nat applied to restorat�an or repair af the Pr�p�rty sha��be app�ied in�he
<br /> �rd�r pro�ided for in Sect�on 2.
<br /> NEBRASKA-Single Famify-�annie MaelFreddie Mac UNI�ORM iNSTRUM�NT Farm 30�8 1101
<br /> VMP� VMP64NE�413��1
<br /> Wotters Kluwer Financial 5er�ices Pag�1❑of�7
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