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201207542
<br /> saYisfaction, providad tlint such inspection shall be undertaken promptly. Lender may pay for the repeirs
<br /> and restoration in a single disl�ursemcnt or in a series of progross paymenfs as the wo�1c is completed.
<br /> Unless nn flgreement is made in v+riling or Applioable L¢w requires intereat Co be pxid ou eucli
<br /> Iviisaelizneous Prooeeds, L ender shall not be requireel Yo pay Borrower 1ny iuterest or eamings on such
<br /> Misce11ar1eous Nroceeds. lf the restoraCion or repair is not econoiuically fettsible oc Lendar's security would
<br /> l�e lessened, Uhe Misoell�neoue Prooeeda shftll be applie�i fo 11�e sume aeoured by thie Sccurity[nstrun�ent,
<br /> whether or not then due, with the excess, if any, pflid to IIorrower. Such Miscellaneous Prnoeeds shall Uc
<br /> applied in the order provided for in Section 2.
<br /> In Lhe event of a total taking, clestruotion, or loss in vahie of the Properly, the Miaoellaneous Proecx:ds�shall
<br /> be applied to tlie sums securecl by this 3ecuriry Iustrwneut, whather or not then tlue, with the exoess, if any,
<br /> pai d to'k3onrowor.
<br /> Hi the eve�rt of a partial taking, dcshuctinn, or lnss in value of the Property in which thc fair marlcet valuc of
<br /> thc Prpperty iinn�edial'ely before Che pv�tiat taking desh'uetion, or losa in valne is equal to or ��enCer than the
<br /> sunount of the sums sectared by this SecuriYy InsU-wnent immediately bef'ore ilie partial t�king, destruction, or
<br /> loss in valtie, m�ess Bonower and Lender otharwise agrce in writing tl�c 5w��s secw ed by U�is Secw{ty
<br /> Instrwnent sl�all be r-educeci by tho amount of Cl�e Miscellaneous Proceeds mulCiplied by fke following
<br /> fiection: (a) the�totia] aniounti oP Che smns eeot�red itnmecliately before the pnrtial Cfilcing, dest�uotion, or loss
<br /> in value divided by(b) the fair mpxket vnlue of the Property iminediately before fhe parti�l Ynking,
<br /> deshuction, or Ioes in vnlue. Any balance shall be paid to Borrc���er.
<br /> Ii2[he event o£a pertinl t�lcing, destniction, or lose in v�lue of the Pro�erty in which the f�ir maul<et value of
<br /> the Proparty iuunediately beFora Clie partial taking, desh•uctio�, or loss in va1ue is less than the unount of the
<br /> sums secured immcdiatoly hofore the parLial faking, deslrucCion, ar loss in value, unless Bm�rower zuici
<br /> Lender otherwiae ag;ree in wriGng khe IvIiscellaneous Proceeds shall be applied to fhe sums secui•ecl by this
<br /> 9ecurity TnsU'ument whether or not Che sums are then due.
<br /> Zf the Property is aUendoned by Borrowar, or if, after notioe Uy Lander to I3orrower tl�at the Oppasing Pa��ty
<br /> (as detined in tl�e next��anGenoe) offers to ma1cc an award to scttic a clvm for dan�abes, Borro�ver fails to
<br /> respond to I.cudor within 30 dayF after Che daCe Che noCiee is given, Lender is luthorized Co oolleck and apply
<br /> ehe Miscellaneous Proceeds either to reatoration or rep�ir of the Prnperty or to the sums secured by this
<br /> Secua�ity Insh�umaiit, whether or not tl�c�� due, "C)pposiug Yarty" mexns tho third party that owes 13on'ower
<br /> Miscellai�eous Proceeds�or Cl�ie ptu[y ag�inst whom Borrower has a s�ight of acCion in regarcl to Misoell�neoua
<br /> Proceeds.
<br /> Bon ower ahn11 be in defaLilt if any acYion or I�roaeeding, whether civil or criminal, is begun filiat, in Lender's
<br /> ,judgmeirt, could result in forfeihu�e of the Property or o#hcr matcrial i�npain�ient of d,e��der's inte�'est ii1 the
<br /> Pro��orty or righCs under Chie Secm�ily In.stnunent. Borirower onu cti�re such a default aud, if ficcelerakion hzs
<br /> oocuned, reinetate na provided in Sectian 19, by causiug the action or proceeding to be dismissed with a
<br /> ruliug thek, in Leuder's jac�gment, preoludes focfeitm'a of the Property or oUier material impairmant o'P
<br /> Lander's interest in flie Property or ri�lrty mider fhis Security 7nst�-u�7�ent "1'he proceeds of any awtud or
<br /> clFiim for damagcs that ar�e ath�ibutablc to thc iinpainncnC aP Lendor's inCa�as}]n tho Property are l�oreby
<br /> assignec{and shall be pnid Co Lander.
<br /> All Miecallaneous Proceeds lhaC are noC a�plied to restorafion or repnir of the Prnperty shall be applied in fhe
<br /> order provided for in Section 2.
<br /> zaaozoss
<br /> N[�R/�SKA-Sin81e Famlly-Pxnnie h7ae(freddle M ac UNIPORM INSTRUMENT Porm.302� 1!o 1
<br /> VM P(y Vfr1 P6(NF.)(1106)
<br /> Woltera I<luwer Flnandal eervicea Pnge 10 of 19
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