|
201206261
<br /> sltisfaction, providad ihat such iuspectlon shall be uudertalcen promptly. Lencier may pay for the repairs
<br /> and restoration in a single disbm'sement or in a series of progresa paymcnts as the woel< is completed.
<br /> Unless an agrccmenC is made in wriCing or Applicable Law reqaixes infereet to be paid on such
<br /> Miscallaneous Proceeds, Lender shnll no[be required Co pay Borrower any interest or earnings on such
<br /> Miscellaneous Prc�ceeds. If the cestorxtion oc repair is not eeonomically feasible or Lender's security would
<br /> be lessaned, tlie Miscellu�eous Proceeds shall be appliecl to tlie smns secured by this Security instrument,
<br /> whether or no[tlien due, with[he excess, if any, paid to Borrower. Such Mlscellaneous Proceeds shall be
<br /> app[ied in the order provided for in Section 2.
<br /> In tlie event of a total taldng, desCruction, or loss in value of the PropetCy, fhe Miscellaneous Proceeds shall
<br /> Ue.ipplied to the sunts secured by this Security Ivstrument, whether or not i[ien dr�e, with the excess, it any,
<br /> paid ro Borrower.
<br /> In the event of a partial takin�?, destruotion, or loss in value of tlie Property in wliich the fa'rr markef value oY
<br /> the Pro}�e��Cy immediately before the parCial taking, desh�uction, or loss in value is eqti�al to or greater than lhc
<br /> amoim[of Che sums secured by this Securiry Ii�sYrument inmzediatcly befiore the parCial taking,�destruction, or
<br /> loss in value, u�iless Borrotver and I,ender otherwise xgree in wciCing, the sums seourad Uy tl�is Securily
<br /> Insriliment ehall Ue redueed by the amonnt ot'the Misccllaneous Proceeds multlplied by the following
<br /> fraction: (a) Ihe total amounC of the snms securcd immediately before the p.irtial taking, destruetiou, or loss
<br /> in value tfivided by (b) the f�iir�i�arket valuc of the Yroperty iimnediately bcPore the parCial Caking,
<br /> destruction, or ]oss in value. Any balance sf�atl be pzid to Borrower.
<br /> In the avent of a pu�ti.il taking, destructioo, or loss in value�of thc Properry in which the f�tir madceC value of
<br /> the Property imn�ediaCely before the partial takiii�, dcsCruction, or loes in valne is less tlian Thc amounC of tl�e
<br /> sume secured in�mediately before the partitil tal�ing, destrtietion, or loss in value, imless Rorrower and
<br /> Lcnder�oeherwise agree In writiiig, the Miscellaneous Proceads sl�.ill be applied to the sums secured by d�is
<br /> Security Inetrument wl�ether or noC lha sums are then due.
<br /> If the Property is abandoued by Bocrower, oc i'C, after notice by Lender to Boimower that the Opposing Party
<br /> (as de'tned in Che nexf sentence} offeis to tnake an awaxd to settle a elaim Por damages, Borrow�r fails Co
<br /> respond Co I,ender within 30 days afCer the data Ylie notice is given, Lender is authorized to collecC and apply
<br /> tlie Miscellaneous Proceeds ciCher to resCoration or repaix oP U�e Property or to tlie sun�s secured by Yhis
<br /> Seeurity InstrumenC, wltether or not then duo. "Opposing Pacty" ineuns thc l'hird parCy Cliat owes Borrower
<br /> Miscellaneous Pioceeds or the parCy against whom Borrower has a rigtrt of action in regard ta Miscellaneous
<br /> Proceeds.
<br /> Borrower shal] be in defaulC if any aeCiou or proceeding, whe[her civil or criminal, is begun thay in Lender's
<br /> judgmei�t, could resulC in Porfeiture of tlie Properry or other material impaixment of Lcnder's interesC in Che
<br /> Pxoperry or rights under this Security Insteuinent. Borrower can cure such a defaulC and, IP acceleration tias
<br /> occurred, reinstate as provided in Section 19, by causing the action or procecding to be diemissed witli a
<br /> ruling Cfiat, in Lender's Judgment, precludes forfeifuie of Cha Prope�ty ox oCher material impairme�it of
<br /> Lender's interest in the Property or rights ander tliis Security InsCrument. The�roceeds of any award or
<br /> alaim for dnmuges that are attribnYable Co Ihe impairmcnt of Lender's interest in tlie Proper6y are hereby
<br /> assigned aud shall be pala Co Lendee.
<br /> All Miscellaneous Proceeds that are not applied lo restoration or repn3r of tl�e Property shall be applied iu the
<br /> arder provided for in Section 2.
<br /> zaoo�esa
<br /> N[OPASKA-Sin�la Family�Fennla MaelFretlAie Mur,UNIPOPoN INSTRIJMENT Fonn 3028 i101
<br /> VMP(nl VMP8�NB117705)
<br /> Woltors IUuwer Fh,envlel Sarvinas Paqe 10 of 1�
<br />
|