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201201292
<br /> s�tisfacYian, provided that such inspeccion shall be undertaken promptly. Lender may pay for tl�e repairs
<br /> and restoratiwi i�i a single disbursement or in a series of progress paymcnCS as the work is completed.
<br /> Unless an agreemenl' is made in wriCing or Applicable Law rcquires interest to be paid rni such
<br /> Misccllanaous Proceeds, Lender shall not be requircd Io pay Borrower any interest or exinings on such
<br /> Miscellaneous Proceeds. If the restoeation or Tepair is noC ecouomically feasible or Lcnder's security would
<br /> be lessened, tl�e Miscellfineous Procceds shall be a��plied to the sums secured by this Seeuriey Insttvrnetlt,
<br /> whether or not then due, with Che excess, if any, paid to Borrower. Such iYliscellaneous Pinceeds shall be
<br /> npplie�I iu the ordcr provided for in Section 2.
<br /> � In tl�e event c�f a total Caking, destruetion, or loss in value of the Property, the Miscellaneous Froceeds shall
<br /> 6e applicd tn Che sums seeured �y Yhis Secudty Insh'umen[, whether ar uat then due, with the exoess, if any,
<br /> paid to Borrower.
<br /> In tlie event of a partial takin�, deslruction, or loss in value of tl�e Piroperty in which the faic marlcet valuc oF
<br /> the Propec[y iminediately be'foce [he partial taking, desn�uction, or loss in value is equal Co oc gceater Chai�the
<br /> vnotnit ot'the sums secured by thi�Sectuity Instrument inunediately before the par[ial k�kinb, desp�uction,or
<br /> loes in value, unless Borrower v�d Lender otherwisc agree in writing, the sums seoured by this 5ecurity
<br /> lns[rument shall be reduced by the amount of Ihe Miscellaneous Proceeds inultiplicd by fhe following
<br /> fraction: (a) ehe mtal lmount of the sums secured immediately before the pertial taking, destruction, or loes
<br /> ii�vahte�divided by (b) the fair n�arket value�of the Ptoperey inwiediately before Yhe partial taking,
<br /> destTUCtion, or loss 3n value. Any balanee shal] be paid to Borrower.
<br /> In Che event Qf a partial taking, destrt�ction, or loss in vulue of the Yroper[y in which the ftiir ii�arkef value of
<br /> the Prope�ty inunedialely betbre the partial taking, desCrucCion, or loss in value is less than the amouiiC of the
<br /> sums sccured immediately before tha partial taking, destruceion, or loss iv value, unlcss Rorrower u�d
<br /> Lender otherwise agree in writing, th�Miscellaneous Proceeds shall be tq�plicd t'o Che sums secured by this
<br /> Secti�riCy Iustrnment wliether or not the s�ms are tlien due.
<br /> If tl�e Property is a6vidoned by Borrowcr, or if, afCer notice by Lender to Borrower diat the Oppwing PacCy
<br /> (as dePined in the next se�itence) oPfe�s to make an awazd to settle a claim for damages, Borrower falls co
<br /> respond to Lender within 30 days after Che da[e the notiee is given, Lender is authorized to collec[and apply
<br /> the Misu;llancous Proceeds eiCher to cestoratic�n ox rcpair of the Pr�perty ar to the sums sccured by this
<br /> Security Histrnme�it, whethcr or not then due. "Opposin� Ptaty" means Ctie third party thnt owes Borrowec
<br /> Miscellaneous Proceeds or U�e party agninst whoni Borrower has a right of lction in regard Co Miscellaneous
<br /> Proceeds.
<br /> Boccowcr shal[ be in defaulf if any action or procccding, whether civil or crimintQ, Is bo�un that, in Lender's
<br /> judgment, eould resulC in forfeiture of lhe Property or other material impaiin�cnC of I,ender's interest in the
<br /> Property or rights under Uiis Securify InsCramene. Borrower can cure such a default and, iP acceleracion has
<br /> occurred, reinskite as peovlded in Se¢tioq 19, by causing the aclion or proceediug to Ue disinissed with a
<br /> ruling tl�at, in Lendcr's judgroenf,precludes forfeittire of Che 1'roperty or otl�er material impairment of
<br /> Lender's interest in the Property or rights imder this Securiry Iustrument, The grocecds of any award oe
<br /> claim Por damages that are attributable to the impairmenY of Lender's intere5t in the Property are hareUy
<br /> assigned and sh�ll be paid to Lcndcr.
<br /> All Miscellaneous Proceeds tliat ace not applled to restorahion ox iepair of thc Properry shflll be .ipplied ii� fhe
<br /> order pr�vided for in Seetitin 2.
<br /> 2400036G
<br /> NG6FlASKFl-Sluyle FamIIN-Fennle MaelFredtllo Mao UNIFpRM INSTfiUMENT Fonn 30281/01
<br /> VMP� VMP6INFI U706)
<br /> Wolmrs Kluwor Flnonolal 9ervicas Pepe 1 D nf P
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