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<br /> saUefaction, provided CIiaC such inspec[ion shall be underCakcn promptly. Lender may pay for the tepairs
<br /> and restoration in a single disbursement or in a series of progress payments as [he work is con�pleCed.
<br /> Unless an agreement is m.ide in writing or Applicable Law requires Interest w Ue paid on sueh
<br /> Miscellai�eous Proceeds, Lender shal] not be required Co pay Borrower any interesC or eaxnings o�t sueli
<br /> Mieoellaneous Prococds. IP Che restaration or repair is not economically fcasible or I�ender's seeurity would
<br /> be lessened, the Miscellanaous P�roceeds shall be applied to the sums secured by fhis Securiry Instrument,
<br /> whether or not Chen due, witl�the excess, if any, paid to Borrower. Such Miscellaneous Proceeds shall be
<br /> applied in [he ordec provided for in Secl'ion 2,
<br /> In the evenC of a total taking, destruction, or loss in value of tlie Property, the Miscellaneous Proceeds shall
<br /> be applied to the sums securecl by This Security Instrumant, whetUer or not then dL[e, with the excess, if avy,
<br /> paid to �orrower.
<br /> In the event of a partial taking, desh•uction, or loss in valuc oP lhe Property in wl�ich tlie fair niarket value of
<br /> the Yroperey immediately before the pttrtit� taking, dcsCruction, or loss in value is equal to or greaCcr Chan the
<br /> amomiC of the sums secured by this Security Insirument immediaCely 6efore the partial tal:in�, destruction, or
<br /> Ioss in value, uiiless Borrower ancl Lender otherwise agree in writing, the sums sccured by this Securi�y
<br /> Inetrument shall bc rccluccd by the amounC of flie Miscellaneous Proceeds mulCiplied by the following
<br /> �Praofion: (a) Ihe lotal amount of tlia sums seourad immeclfately before Che partial Caking,desti�ctio», or]oss
<br /> in value divided by (6) Uie fair market value of the Proparry immediaCely before the partial taking,
<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 market value of
<br /> fhe Property innnediately before the parCial taking, desYrucYion, or]oss in v.ilue is less than Che amounC of the
<br /> sums secured imn7ediately beforc rha parCial taking, desCiuetion, or loss in value, unless Borrower and
<br /> Lender othcrwise agree in writing, the Miscetlaneous Proceeds shall be appiied ta the sums secuced by this
<br /> SecuriCy Inshument wl�ether or not the smns are then due.
<br /> If the Property is abandoned by Borrawer, or if, after notice by Lender to Borrower that the Opposing Party
<br /> (as dePined in the next sentence) oPfers to mnke an award to settic a claim for damages, Borrower fails W
<br /> respond to Letider within 30 dnys after Uie date the noCice is given, Lender is authorized to collect and apply
<br /> We Miscellaneous Proceeds either to resCoraGon or repair of the Froperty or to the sums secured by this
<br /> Securiky I�strument, whether or not then due. "Opposing ParCy" means the third party tlint owes Borrower
<br /> Miscellaneous Proceeds oc the party against whom Rorrower has a righr of action in regard to Miscellaneous
<br /> Proceeds,
<br /> Boirower shall be in dafimlt if any action ox proceediog, wheYher civil or criminal, ie begun 11ia6, in T,ender's
<br /> judgment, could result in foifeituro aP t'he �'roperty or otlier maCexial imp.iirmeiit of Londer's interest in the
<br /> Property or cights under 61�is Security Instrument. Bortower c<tn cure such a default and, If aeceleraCion has
<br /> occurred, reinstate as provided in Section 19, Uy caueing the action ar proceeding to be dismissed witl� a
<br /> ruling� thaC, in Lender's jndgment,precludes forteiturc oP Che Property or othei mnterial impairment oY
<br /> Lender's interest in the Property or rights undar this Seeurity InsYrument. The proeeeds of any award or
<br /> claini tbr dainttges thaC arc aCtributable to the impairment of Lender's interest in the Property are Irereby
<br /> assigied and shall be paid to Lendei,
<br /> All Misccllancous Proceeds thal ace not applied to restoratiou or repair of Che Properry shall be applied in the
<br /> ordec provided for in 5eeCion 2.
<br /> zn000zaz
<br /> NE9RA51(A-Singlo Fxmily-f-ennie Mae/fredJie Mac UNIFOFM WSTRUMEN'f Form 3020 1101
<br /> VMP� VMP9INE)177051
<br /> Woltere Kluwer Flnanclal Servlces Pege 10 of I"1
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