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201201759
<br /> satisfaction, provided that such inspecfion shall Uc uudertalcen proinptly. Lender niay pay for the repairs
<br /> ai�d restaiation ux a single disbm'sement or in a aeries of progtess pRyinents ae the work is completed.
<br /> Uvless ai� agreement is made in writiug or Applicable L1w requires interast to be paid on etich
<br /> Misoellt�neous]'rocceds, I,eiicler sha11 nof ba required to pay Borrowcr any interest ox earninga un atich
<br /> Miscellaueous Proceccls. Tf thc restoration or rep�ir is not econoinically feasible or Iender's aecnrily wotdd
<br /> be lessened, the Miscellaneous Pi�oceeds s1��11 be applied to the atuns seorued Uy t1�is SecuriCy Snetrument,
<br /> ivhcther or noY tihen due, with tlxe excess, if any, paid to Rmrower. Such Misaellameous Proceeds shall Ue
<br /> n}�plied in tho order provicled for in Section 2.
<br /> In Clie cvcnt of a total takivg, desTruction, or loas in vahte oCtl�c Property, the Miseellaneniss Yroceeds eliall
<br /> be flpplied Co Che sums sccurcd hy this Sectu'ity Instrument, whether or ne�t then due, with the exoe,�a, iP Any,
<br /> paid fo I3orrower.
<br /> In the event of n p:�r6iel takiug, deatruclion, or loss in value of'die Property in wl�ich the fair market value of
<br /> the Property inn�nediakely before tke partial Laking dcstruction, or loss in valne is equal to or greater tlian Yha
<br /> amow�t of tha swns secw'ed by Chis Security Iust�lunenl immcdiately befora Yhe partial Caking, destruotion, or
<br /> loss in value, uuless Rorrower cuid Lender otherwise agree in wrifing, thc sums sectuecl by this Secnri6y
<br /> Inatrlmient shall be rediiced by the aii�e�w�t of the Miscellaneous Proceeda miiltiplied by the f'ollowing
<br /> fraction: (a) the total nmount of the smna securcd immcdiately before the partial taking, dcnYruction, or loss
<br /> in valuc divided by(b) tha faii�market value of the ProperLq iimncdiaYely l�efore the ptutial talting,
<br /> deatruction, or lose in val�ia Any balaiice sl�all be paid to Borrower.
<br /> Hi the evcnt of a partial talcn�g, deshuction, or loss in v�lue of the Propenly in which the f'air merket vnhie of
<br /> Yhe Property inv�7ediately beP�re thc partial takiug, destruction, or lose in valuo is les�tlia�i the�iiomiY aF the
<br /> smns secured invnediately before the pnrCial tal<ii�g, deahuction, or loss in vnhie, unless Borrower and
<br /> Lender oUierwise ap;�•ee in writing, the Miecellnneoi�s Proccecls shall baapplied to the awvs securcd by this
<br /> Scc;iu�ity instrwnent whether or noC the smns tue then dne.
<br /> ]f fl�e Property is abaudoned by Borrower, or if,a£ter nokice by Lc��dcr to F3orrower thet the Op�osing Party
<br /> (as defined iv thc noxt scntcncc) offers to malce an awaz'd to settle a olaim for damagesy Borrower fAils ko
<br /> respond to Lender within 30 d�ys nfter ihe ciztc tl�o notice is given, Lender is authorizcd to collect and apply
<br /> tho Misoellaneous Proceeds either to restoration or repair oP tho Prope;rty or to the suma seciu ed by lhis
<br /> Security Instnnnent, �vhether or noC then duc. "Opposing Party" uieavs the tlurd party that owes 13ocrower
<br /> N[iscellaneoua Proceeds or tlie perdy egainst whom Borrower has a right of action in re�a��cl co Miscellaneous
<br /> Procccde.
<br /> Borrower shall be in default 'rf any acGon or proceeding, wl�cther civil or cruninal, is begun Chak, in Lendcr's
<br /> judg�nent, could result in forfeiture of the Property or other mnceri�l impainneut of Lender'a interest in the
<br /> Piroperty or rigl�ts under this Security]nsf�tiunent. Boirower can cure snch a dcP2�ilt aud, if accelerntiion hns
<br /> occurred, reinsl�2Ce�s pravided in Secfion 19, iry cauYing tlie action or proceeding to be dis�nissed with a
<br /> ruling thaf, in Lender's judgnient, precludes forfeihire oP Cl�e Pr�n�crty a�other maYerial iinpairment of
<br /> Lencler'a inYerest in the Property or rigl�ts under tihis Security Inatrumen[. Tho proceeda of'nny awaad or
<br /> claiixi far damages lhnk are aCiribuCabla Io thc iinpairment oFLender's interest in the Property are hereby
<br /> assigned and she11 be pnid to Lender.
<br /> A11 Miscelltuieoiis Proceeds that nre not applied to restoration or repalr of the ProperLy shall bc a}��licd in the
<br /> order provided tor in Section 2.
<br /> zn000soe
<br /> � NEB9A31<A-81ngleFamlly-f-aniiieMaelPreAdieMacllNlfORA71N5TRUM[NT Form30201l01
<br /> VM P.� V M PB(NE)('I 1051
<br /> Wolters Kluwer Finandnl Servlces Paga 10 of 17
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