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201201749
<br /> saCisfaclion, provided that siroh inspecuon shaIl be undcrtaken proiuptly. Lendcr ixiay pay fior tlie tepairs
<br /> and resCOraCion in a siugle disbursemcnt nr in a scries of progress payments as the work is completed.
<br /> Unless �ui agceement is�nzade in wriring or Applicable Law requires interest to ba paid on such
<br /> Miscellaueous Proceeds, Lender shxll not be required [o pay Borrower any interest or earoings on such
<br /> Miscellaneous Proceeds. If Che restoration or cepaic is itot econnmically feasibfe or Lender's sceurity would
<br /> be lesseued, the Miscellaneous Proceeds sliadl be applied to lhe sums sccured by this Seeurity TnsCrumenY,
<br /> wl�ether oi not then due, with Uie excess, if any, paid to Borrower. Such Misaellaneous�Pcoceeds shall be
<br /> applied in the�order provided for in Section 2.
<br /> In Che event oP a total taking, desn�uctioii, or loss in value of Clie Yroperty, Che Miscellaneous Proceeds shal]
<br /> be applied Co the suma secured by this Seeurity Instrument, wfiether oc noC Chen due, with the excess, if aoV,
<br /> paid to Borrower.
<br /> In tlze evenC of a partial taking, desl��uction, or loss in value oY the Proper[y in whioh the fair rnarlcet value of
<br /> Che Properry immediately before the parCia] taking, destrucYion, or loss in value is equal to or greaCer than the
<br /> amotmt of the sums secuied by this Securiey Instrumene immediaYely before the partial faking, desG�uetion, or
<br /> loss in value, nnless BoG�rawer and Lender otl�erwise agree ii� writing, the sun�s sccured by tlus SecuriYy
<br /> Inst��ument sl�all be ieduced by Che vnaunt of the Miscellaoeous Proceeds inulYiplied�by the following�
<br /> fractioii: {a} tlae total amount of the sm��s secured immediatcly �e�Fore lhe partial takiug, destructioi�, or loss
<br /> iu value divided by (b) the Cair ma��l<et value of Ehe Property immediately before the partial taldng,
<br /> � destrucYion, or loss iu valne. Any bala�ice shalf ve�aid to Borrower.
<br /> In thc event of a partial taking, destruction, or loss in value of the Property ui which the fair marlcet value oP
<br /> f1�e Property immediately bcfore the partial taking, dcstruetlon, or IoSS in value is less Ch�i�Che amoui�t of tl�e
<br /> sains secured imniediaCety before the paz•tial takirtg, dcstrucCi�n, or Ioss in vaLue, unless Boreower and
<br /> Lender otherwise 2gree in writing, tl�e Niiscellaneous Proceads shall be applied to t]ie sums secw�ed by this
<br /> Security Insh�iuneut whether or ilot the simis axe then dne.
<br /> If the Property is abat�doned by I3o�rower, or if, after notice by Lender to Borrower t�6at t7ie Oyposing Pacty
<br /> (as de[ined in the next sentevice) oft8rs to make ai�award co settle a claim for damages, Borrower fails to
<br /> res�ofld to Le��der wi'thin 30 days after the daCe the notiee is given, Lender is autl�orizecl to collect and apply
<br /> the Miscellaneous Proceeds either Co restorti�tion or repair of die Yroperty or to the sums secured by U�is
<br /> Secuxity Instrmnent, whetlier m� not then due. "Oppos,ing F�rty" meai�s the third parry thaf owes IIorrower
<br /> Miscell�meous Pcooeeds or the Parly againsC whom Bocrowec has a riglit oP action 1n regxrd to Miscellaucous
<br /> �Proceedn,
<br /> Borrowet shall be ii� dePaalt if any actioit m�proceeding, whether civil or criminal, is beg�in Chat, in Lender's
<br /> judgmenY, could cesult in foifeiture of the Property oc oflier material impairment oF Lender's uiterest ii�the
<br /> Property or righls under this Security Instrument. Borrower ean cui'e such a default aud, if accelera[ion has
<br /> oa utred, reinstate as provided in Sec[ion 19, by causing the action or praceeding to be dismissed willi a �
<br /> ruling that, in L.ender's judgment, precludes forfeiture of tl�e Propert�y or othct maCerial impairmeue of
<br /> Lender's interest in lho Pioperty or rigl�ts w�der this Secu�ity Instrument The proceeds of any award or
<br /> claim Por darnages that are atCributable to tl2e impairmei�t oP Lender's iuCerest ii� the Property are here6y
<br /> assigned and shall be ��aid Co Lender.
<br /> All MisceLlaneous Proceeds[hat are noC app7ied to restoraeion or repair of d�e Property sha11 be appGed in the
<br /> order provided for 'rn Section 2.
<br /> "' --_--_— —"�_�-- 2A.OWh96
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