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<br /> satis'Paction, provided tl�at such inspection shal] be underealcen promptly. Lender i�nay pay for Che repairs
<br /> and restoration ii�a single disbursement or in a eeries of progress payments as lhe work is completed.
<br /> iltiless an agree�nent is made in wriCing or ApplicaUle Law requires inferest to be paid on sucl�
<br /> Miscellfineous Proceeds, Lender sl�all uo[be required to pay Borrc�wer any interest or earnings on sueh
<br /> Miscellaneous Proceeds. If the restaraCion or repair is not eeonomicplly feasible or Lender's sequrity would
<br /> be Iessened, the Miscallaneous Proceeds shall be applied to the sums secuccd by this Seeuciry Instrument,
<br /> whether or not then dua, with the exeess, if any, paid to Borrower, Such Miscellaneous Procecds shall be
<br /> applied in the order provided for in Section 2.
<br /> In the event of ti total taking, desh�ucYion, or loss in valuc of Che ProperCy, Clie Miscellaneous 1'roceeds shall
<br /> be applied to Chc sums secured by Wis Seouxity Instrument, whether or not then due, wilh the excess, if auy,
<br /> paid Co Rorrower.
<br /> In the evcnc of a partial taking, destrUCtiun, or loss in value of the ProperCy in which the Pair market value of
<br /> the Properry immediaCely before the partial Caking, desCruction,or loss in valua is equal to or greater than the
<br /> amount oP the smns secured by this Securiry Instrument immediately before the partial taking, destruction, or
<br /> loss in value, unlese Borrawer and Lznder otherwise.igree in writing, the sums secured by this Securlly
<br /> Instruinent shall be reduced 6y the amount of the Miscellaneous Proceeds multiplied by Che following
<br /> fraetion: (a) the toCal amount of the sums secured immedlately befoxe the partial laking, destcuction, or loss
<br /> in value divided by (b) Uie f:iu market value of tlie Property immediately beiore die �artia] taking,
<br /> destruction, or loss in valuo. Any balanee shall Ue paid to Borrower.
<br /> In the avenY oP a�axtial taking, desh•uction, or loss in v.due of the Pxoperly in which Ihe ffiir market value of
<br /> the Property immediately befiore tlie partial taking, destruckion, or loss in value is less [han the amounC of the
<br /> sums secured ini�i7ediaCely before the partinl takiiig, destruc6ion, or loss in value, unless Borrower and
<br /> Lender otherwisc agree in writing, die Miscellaneous Peoceeds shall be applied to the sums secured Uy this
<br /> Security instrument whethar or not the sums are then due.
<br /> If the Property is abandoned by Barrower, ox if, after notiee�y Lender to Borrowcc that the Opposing Party
<br /> (as defiited in the next sentence}offers to make an awnrd to settle a claim Cor damages, Bocrower ftiils to
<br /> respond to L,ender wiChin 30 days after tlie date tlxe noticc is given, Lender is authorized to collcct and apply
<br /> tlie Miscellancoas Proceeds eitlier to restorntion or repair of Clie Propecty or to the 5ums secured by tl�is
<br /> SecuriYy InsCxmnent, whelhcr or not then due. "Opposiiig Party" means the third pacty that owes Borrower
<br /> Miscellaneous Proceeds or fbe party against whom Borcowcc has a right of acYion in regai�d to Miscella��eous
<br /> Proceeds.
<br /> BorroweT shall be in defaulC if any acCion or proceeding, whcther civil or criminal, is begun that, In Lznder's
<br /> judgment, could resulC in farfeiture of the Property or other material impairmeut of Lender's inCerest in the
<br /> Properry or rights under Chis Security Iustrument. Borrowar can ettre sucl� a default and, if acce(eration has
<br /> occurxat, rei�state as provided in Section 19, by causing'tlie action or proceeding to be dismissed with fl
<br /> ruling thaC, in Lender's judgn�ent, precludes fprfeihtxe of the Propeety or other material impairinent of
<br /> L�ndex's interest in thc 1'roperry or�rights undex tliis Security Ins[rumenY. The proceeds�of any award or
<br /> elaim for d2�nages that are ath�ibutable to the impaiiment of L,endei's inCeres[in the Properry are hereby
<br /> aseigned and shall be paid to Lentler.
<br /> All Misccllaneous Proceeds that are not applied t'o restoration or repaix of the Properl'y shall be applied in the
<br /> or<ler provided for in Section 2.
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