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<br />If the Property is damaged, such Mscellariemis Proceeds shall be applied to restoration or repair of the Property,
<br />if the restoration or repair is economically feasible and Lender's security is not lessened- During such repair and
<br />restoration period, Lender shall have the right to hold such Mscellancous Proceeds until Lender has had an
<br />opportunity to inspect such Property to ensure the work has been completed to Leaders satisfaction, provided
<br />that such trispection shall be undertaken promptly- Leader may pay for the repairs and restoration in a single
<br />disbursement Or in a series of progress payments as the work is completed, Unless an agreement is made in
<br />writing or Applicable Law requires interest to be paid on such UscelIancous Proceeds, Lender shall not be
<br />required to pay Borrower any interest or earnings on such Nliscellaneous Proceeds. If the restoration or repair is
<br />not economically feasible or Lender's security would be lessened, the Mscellantecus Proceeds sl�l be applied
<br />to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to
<br />Bormwei. Such Msceltaneous Proceeds shall be; applied in the order provided for in Section 2.
<br />In the event of a total taking, destruction, or loss in value of the Property, the Miscellaneous Proceeds shall be
<br />applied to the sums secured by thtis Security Instrument, whether or not then due, with the excess, if any, paid to
<br />Borrower -
<br />In the event of a partial taking, destruction, or loss in value of the Property in which 1he fair market value of the
<br />Property immediately before the partial taking, destruction, or loss in value is equal to or greater than the amount
<br />of the sums secured by this Security Instrument immediately before the partial taking, destruction, or loss in
<br />value, unless Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shall
<br />be reduced by the arnoWt of the Mscellaneous Proceeds multiplied by the iollowing traction: (a) the total
<br />amount of the sums secured imm cliately before the partial taking destruction, or loss in value divided by (b) the
<br />fair market value of the Property immediately before the partial taking, destruction, or loss in value. AnY balance
<br />shall be paid to Borrower,
<br />In the event of a partial taking, destruction, or loss in value of the Property in which the fair mark-etvalue of the
<br />Property immediately before the partial taking, destruction, or loss in -value is less than the amount of the sums
<br />secured immediately before the partial taking, destruction, or loss in value, unless Borrower and Lender
<br />otherwise agree in writing, the Ivilacellimeaus Proceeds shall be applied to the, sums secured by this Security
<br />Instrument whether or not the sum arc then due.
<br />If the Property is abandoned by Borrower, at if, after notice by Lender to Borrower that the Opposing Party (as
<br />deftued in the next sentence) offers to make an award to settle a claurn. for damages,. Borrower ffils to respond to
<br />Lender within 30 days after the date the notice is given, Lender is authorized to collect and apply the
<br />Mscclaneous Proceeds cither to restoration or repair of the Property or to the sums seemed by this Security
<br />Instrument whother or not then due. "Opposing Party" means die third party that owes Borrower Nfiscellancous
<br />Proceeds or the party against whorn Borrower has a right of action in regard to Noliscellaneous Floceeds.
<br />Borrower shall be in default if arty action or proceeding, whether civil or criminal, is begun that, in Lender's
<br />judgment, could result in forfeiture of die Property or other material impairment of Lender's interest in the
<br />Property or xighta under this Security Instrument Borrower can cure such a default and, if acceleration has
<br />occurred, reinstate as provided in Section 19, by causing the action or proceeding to be dismissed with a ruling
<br />tha� in Lender's judgment, precludes forfeiture of the Property or other. material impairment of Lender's interest in
<br />the Property or rights under this Security Instrument The proceeds of any award or claim for damages that are
<br />attributable to the impairment of Lender's interest in the Property arc hereby assigned and shall be paid to
<br />Lender.
<br />All Mscellanecus Proceeds that are not applied to restoration or repair of the Property shall be applied in the
<br />order provided for in Section 2.
<br />U. Borrower Not Released; Forbearance By Lender Not 2 Waiver. Extension of the time for payment or
<br />modification of amortization of (he sums secured by this Security Instrument granted by Lender to Borrower or
<br />any Successor in Interest of Borrower shall not operate to release the liability of Borrower or any Successors in
<br />Interest of Borrower. Lender shall not be required to commence proceedings against any Successor in Interest of
<br />Borrower or to refuse to extend time for payment or otherwise modify amortization of the sum secured by this
<br />Security Instrument by reason of any demnnd made by the original Borrower or any Successors in Interest of
<br />Borrower.
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