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<br />satisfaction, provided that such inspection shall be undertaken promptly. Lender may pay for the repairs
<br />and restorarion in a single disbursement or in a series of progress payments as the work is completed.
<br />Unless an agreement is made in writing or Applicable Law requires interest to be paid on such
<br />Miscellaneous Proceeds, Lender shall not be required to pay Bonower any interest or earnings on such
<br />Miscellaneous Proceeds. If the restoration or repair is not economically feasible or Lender's se,curity would
<br />be lessened, the Miscellaneous Proceeds shall be applied to the sums secured by tlus Security Instrument,
<br />whether or not then due, with the excess, if any, paid to Bonower. Such Miscellaneous Proceeds sha11 be
<br />applied in the order provided for in Section 2.
<br />In the event of a total taldng, destruction, or loss in value of the Property, the Miscellaneous Proceeds shall
<br />be applied to the sums secured by this Security Instruinent, whether or not then due, with the excess, if any,
<br />paid to Bonower.
<br />In the event of a partial taking, destruction, or loss in value of the Property in which the fair market value of
<br />the Property immediately before the partial taking, destruction, or loss in value is equal to or greater than the
<br />amount of the sums se,cured by this Security Instrument immediately before the partial taking, destruction, or
<br />loss in value, unless Borrower and Lender otherwise agree in writing, the sums secured by this Security
<br />Instrument shall be reduced by the amount of the Miscellaneous Proc.eeds multiplied by the following
<br />fraction: (a) the total amount of the sums secured immediately before the partiat taking, destrucrion, or loss
<br />in value divided by (b) the fair mazket value of the Property immediately before the partial taking,
<br />destruction, or Ioss in value. Any balauce shall be paid to Borrower.
<br />In the eveitt of a partial taldng, destruction, or loss in value of the Properly in wluch the fair market value of
<br />the Property iinme�iately before tite partial taking, destrucrion, or Ioss iu vatue is Iess than the amount of the
<br />sums se,cuted immedia�e�y befor� �tte partiat taking, desttuctian, or Ioss in value, unless Borrower and
<br />Lencter oitterwr��se agree iu v�rritiieg, t.�e Misce�Yaneovs Froceec�s shal� be apglied to the sums se,cured by this
<br />�2CUtll]t �f�L W�P�S QP IIOp L�IE SLTffiS ��lEII CZUC.
<br />If tfie Property is abaa�o� by �orrawer, or if, after notice by Lender to Borrower that the Opposing Party
<br />(as defined in the neaEt seIIte�ce} offers to m�ke an awazd to �ttle a claim for damages, Borrower fails to
<br />respond to Lender within 30 days after the date the notice is given, Leader is authorized to colle,ct and apply
<br />the Miscellaneous Proceeds either to restoration or repair of the Progerty or to the sums s�ured by this
<br />Security Instrnment, whether or not thea due. "Op�sing Party" means the third pariy that owes Borrower
<br />Miscellan�us Proceeds os the party agaiust whom Borrower has a right of acrioB in regard to Miscellaneous
<br />Proceeds.
<br />Borrower shall be ia ctefault if any action or proceeding, whether civil or criminal, is begun that, in Lender's
<br />judgment, couid result in forfeiriue of the Property or other material impa.irment of Lender's interest in the
<br />Property or rights under this Security Insmiment. Borrower can cure such a default and, if acceleration has
<br />accurred, reinstate as provided in Section 19, by causing the action or proceeding to be dismissed with a
<br />ruling that, in Lender's judgment, precludes forfeiture of the Property or other material impairment of
<br />Lender's interest in the Property or rights under this Security Instrument. The procceds of any award or
<br />claim for damages that are attributable to the impairment of Lender's interest in the Property are hereby
<br />assigned and shall be paid to Lender.
<br />All Miscellan�us Proceeds that are not applied to restorarion or repair of the Property shall be applied in the
<br />order provided for in Section 2.
<br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/Ot
<br />VMP � VM Page 1�0 of 17
<br />Wolters Kluwer Financial Services
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