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201205416 If the Property is damaged such Miscellaneous Proceeds shall be applied to restoration or repair of die Property. if the restoration or repair is economically feasible and Lender's security is not lessened. During such repair and restoration period. Lender shall have the right to hold such Mseellaneous Proceeds until Lender has had ,of opportunity to inspect such Property to eusurc die work has been completed to Lender's satisfaction_ provided that such inspection shall be underlaken promptly. Lender may pay for the repairs and restoration in a single disbursement or in a series of progress payments as the work is completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such Miscellaneous Proceeds. Lender shall not be required to pay Borrower any interest or clmings on such Miscellaneous Proceeds. If the restoration or repair is not economically feasible or Lender's security would be lessened. lite Miscellaneous Proceeds shall be applied to the suers secured by this Socurity hrstruinenL xvbelher or 1101 then due. with the excess, if any. paid to Borrower. Such Miscellaneous Proceeds shall be applied in the order provided for in Section 2. In the event of a total taking, destruction. or loss in value of the Property, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrumen. whether or not then due, ividn the excess, ifany, paid to Borrower. In the event of a partial taking. destruction. or loss in value of the Property in which die fair market value of the Property unmediately before lite partial taking, destruction, or loss in value is equal to or greater than the amount of the sans secured by this Security Instrument kinucciately before die partial taking, destruction. or loss in value, unless Borrower and Lender odicTWisc agree in writing, the stairs secured by this Security instrument shall be reduced by the amount of the Miscellaneous Proceeds multiplied by the following fraction: !al the total amount of the sums secured in mecludely before the partial laking, destruction, or loss in value divided by (b) die fair market value of lire Property immediately before the partial taking. destruction, or loss in value. Any balance shall be paid to Borrower. In the event of a partial taking, destruction, or loss in value of the Property in which the fair market value of the Properly inunedialely before the partial laking, destrituion, or loss in value is less dran blue amount of due sums secured immediately before the partial taking. destruction, or loss in value, unless Borrower and Lender olhenvise agree in writing. die Miscellaneous Proceeds shall be applied to the sures secured by this Security Instrument whether or not the sums ire then due, If the Property is abandoned by Borrower. or if, after notice by Lender to Borrower that the Opposing Parly (as defined in the next sentence) offers to make wit award to settle a claim for damages. Borrower fails to respond to Lender within 30 days after the date the notice is given, Lender is authorized to collect and apply the Iviiscellaneous Proceeds either to restoration or repair of the Property or to the stuns secured by this Security Instrument. whether ornot then due. "Opposing Party" means the third party drat ewes Borrower 10scellaneous nr Proceeds 01 the party against ida Bormuer has a right of action is regard to Miscellaneous Proceeds. Borrower shall be in default if any action or proceeding whether civil or criminal, is begin that, in Lender's _judgment, could result in forfeiture of the Properly or other material impairment of Lender's interest in the Property or rights wider this Security Instrument. Borrower cau cure such a default and. if acceleration has occurred reinstate as provided in Section 19, by causing hie action or proceeding to be dismissed with a ruling- that, ulingthat, in Lender's judgment. precludes forfeiture of the Property or other material impairment of Lender's interest in the Property or rights wider this Security Instrument. The proceeds of any, award or claim for damages that are attributable to the impairment of Lender's interest in the Property are hereby assigned and shall be paid to Lender. All Nusecllaneous Proceeds that are not applied to restoration or repair of the Property shall be applied in the order provided for in Section 2. 12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or modification of annortizahon of the sums secured by this Security Instrument granted by Lender to Borrower or any Successor in Interest of Borrower shall not operate to release the liability of Borrower or any Successors in interest of Borrower. Tender sural mol lie required to commence proceodiags agaiusl any Suu:essor in lnwres't of Borrower or to refuse to extend time for payment or otherwise modify amortization of die sums secured by this Security lnstru lent by reason of any demand made by the original Borrower or any Successors in Interest of Borrower. NC8RASKMSrgle Mac UNIFORM VJSP.UM . Fan 30281101 VMP 0 VMP&NEI (1105).00 Wdlerc Hhr n md,l Sellers Page 90115 VIII If 11 VIII VIII IIIIIII IIII III VIII (I'll VIII VIII VIII IIIA III IIn