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NEBRASKA - Single Family- Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />VMP
<br />Wolters Kluwer Financial Services
<br />20130030
<br />•
<br />satisfaction, provided that such inspection shall be undertaken promptly. Lender may pay for
<br />and restoration in a single disbursement or in a series of progress payments as the work is co
<br />Unless an agreement is made in writing or Applicable Law requires interest to be paid on suc
<br />Miscellaneous Proceeds, Lender shall not be required to pay Borrower any interest or earnings
<br />Miscellaneous Proceeds. If the restoration or repair is not economically feasible or Lender's
<br />be lessened, the Miscellaneous Proceeds shall be applied to the sums secured by this Security
<br />whether or not then due, with the excess, if any, paid to Borrower. Such Miscellaneous Proc
<br />applied in the order provided for in Section 2.
<br />In the event of a total taking, destruction, or loss in value of the Property, the Miscellaneous
<br />be applied to the sums secured by this Security Instrument, whether or not then due, with the
<br />paid to Borrower.
<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 secured by this Security Instrument immediately before the partial taking, destruction, or
<br />Security
<br />lowing
<br />ction, or loss
<br />ng,
<br />loss in value, unless Borrower and Lender otherwise agree in writing, the sums secured by
<br />Instrument shall be reduced by the amount of the Miscellaneous Proceeds multiplied by the f'
<br />fraction: (a) the total amount of the sums secured immediately before the partial taking, dest
<br />in value divided by (b) the fair market value of the Property immediately before the partial t
<br />destruction, or loss in value. Any balance shall be paid to Borrower.
<br />In the event of a partial taking, destruction, or loss in value of the Property in which the fair
<br />the Property immediately before the partial taking, destruction, or loss in value is less than th
<br />sums secured immediately before the partial taking, destruction, or loss in value, unless Borr
<br />Lender otherwise agree in writing, the Miscellaneous Proceeds shall be applied to the sums se
<br />Security Instrument whether or not the sums are then due.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the
<br />(as defined in the next sentence) offers to make an award to settle a claim for damages, Borro
<br />respond to Lender within 30 days after the date the notice is given, Lender is authorized to co
<br />the Miscellaneous Proceeds either to restoration or repair of the Property or to the sums secur
<br />Security Instrument, whether or not then due. "Opposing Party" means the third party that o
<br />Miscellaneous Proceeds or the party against whom Borrower has a right of action in regard to
<br />Proceeds.
<br />Borrower shall be in default if any action or proceeding, whether civil or criminal, is begun
<br />judgment, could result in forfeiture of the Property or other material impairment of Lender's
<br />Property or rights under this Security Instrument. Borrower can cure such a default and, if ac
<br />occurred, reinstate as provided in Section 19, by causing the action or proceeding to be dismis
<br />ruling that, in Lender's judgment, precludes forfeiture of the Property or other material impai
<br />Lender's interest in the Property or rights under this Security Instrument. The proceeds of any
<br />claim for damages that are attributable to the impairment of Lender's interest in the Property
<br />assigned and shall be paid to Lender.
<br />All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall
<br />order provided for in Section 2.
<br />the repairs
<br />pleted.
<br />on such
<br />urity would
<br />Instrument,
<br />eds shall be
<br />roceeds shall
<br />excess, if any,
<br />arket value of
<br />amount of the
<br />wer and
<br />ured by this
<br />pposing Party
<br />er fails to
<br />lect and apply
<br />d by this
<br />s Borrower
<br />iscellaneous
<br />t, in Lender's
<br />terest in the
<br />leration has
<br />ed with a
<br />ent of
<br />award or
<br />e hereby
<br />applied in the
<br />Form 3028 1/01
<br />VMP6(NE) (1105)
<br />Page 10 of 17
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