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<br />saUsfacUon, provided that such inspection shall be undertaken promptly. Lender may pay for the repairs
<br />and restoration in a single disbursement or in a series of progress payments as the work is completed.
<br />Unlcss an agrccmcnt is madc in writing or Applicablc Law rcquires intcrest to bc paid on such
<br />Miscellaneous Proceeds, Lender shall not be required to pay Borrower an}� interest or earnings on such
<br />Miscellaneous Proceeds. lf the restotation or repair is not economicall� feasible or Lender's security would
<br />be lessened, the Miscellaneous Proceeds shall be applied to the surns secured by this Securily Instrument,
<br />whether ar not then due, with the excess, if any, paid to Borrower. Such Miscellaneous Proceeds shall be
<br />applied in the order provided far in Section 2.
<br />In the event of a total taking, destruction, or loss in value of the Properiy, the Miscellaneous Proceeds shall
<br />be applied to the sums secured by this Security Instniment, whether or not then due, with the etcess, if a1ty,
<br />paid to Borrower.
<br />In the event of a partial taking, destruclion, or loss in value of the Property in w�hich the fair market value of
<br />the Propertf' immediately before the partial taking, destruction, or loss in value is equal to or greater thai► the
<br />amounl of the sums secured by this Security Instrument immediately before the pariial laking, destruction, or
<br />loss in value, unless Borrower and Lender otherwise agree in writing, the sums secured bp this Security ,
<br />Instnunent shall be reduced by the amount of the Miscellaneous Proceeds multiplied by the following
<br />fraction: (a) the total amount of the sums secured immediately before the partial taking, destruction, or loss
<br />in value divided b,r' (b) the fair market value of the Property immediately before the partial taking,
<br />destruction, or loss in value. Any balance shall be paid to Borrower.
<br />In thc cvcnt of a partial taking, dcstruction, or loss in valuc of thc Property in which thc fair markct valuc of
<br />the Property immediately before the partial taking, destruction, or loss in value is less than the amount of the
<br />sums secured immediately before the partial taking, destruction, or loss in value, unless Borrower and
<br />Lender olhenvise agree in writing, the Miscellaneous Proceeds shall be applied lo lhe sums secured by this
<br />Security Tnstrument whether or not tlie sums are then due.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the Opposing Pariy
<br />(as defined in the nest sentence) offers to make an award to settle a claim for damages, Borrower fails to
<br />respond to Lender w�ithin 30 days after the date the notice is given, Lender is authorized to collect and apply
<br />thc Misccllancous Procccds cithcr to restoration or rcpair of thc Property or to thc sums sccurcd by this
<br />Security Instrument� whether or not then due. "Opposing Party" means the third pariy that owes Borrower
<br />Miscellaneous Proceeds or the party against whom Borrower has a right of action in regard to Miscellaneous
<br />Proceeds.
<br />Borrower shall be in default if am� action or proceeding, whether civil or criminal, is begun that, in Lender's
<br />judgment, could result in forfeiture of the Property or other material impairment of Lender's interest in the
<br />Property or rights under this Securit�r lnstnament. Borrower can cure such a default and, if acceleraUon has
<br />occurred, 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 />Lcndcr's intcrest in thc Property or rights undcr this Sccurity Instrumcnt. Thc procccds 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 Miscellaneous Proceeds that are not applied to restoration or repair of the Properly shall be applied in the
<br />order provided for in Section 2.
<br />NEBRASKA-Single Famity-Fannia MaelFreddie Mac UNIFORM INSTRUMENT Form 30281l01
<br />VMP � VMP6(NE] (110�.00
<br />Wolters Kluwer Financial Services Page 10 of 17
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