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201208211
<br /> satiisfaction, provided that s�xch inspection nhall bc undcrtakcn promptly. Lander may pay for H�e repairs
<br /> and restoration in a eingle disUurseinent or in a sexies of progress paytnents as the work is completed.
<br /> Unless an ngeeement is made in writing or Applicable Law requires inCerest to Ue paid on such
<br /> � Miscellaneous Proceeds�, Lender shal]not Uo requircd to pay Borrowor any intere.st or carnings on stich
<br /> Misce11aneous Procecds. Lf thc restora�ion or rep�ir is not eoonotnieally fetiaible or Lender's security would
<br /> Ue lesaenecl, the Misoellaneous Proeeede ahatl be applied to the sums secured Uy tlus Secmity Histrwnent,
<br /> whether or not then due, with the exoess, if any,paid to Borcower. Such�Miscollanoous Proeceds sh�tll be
<br /> applied in Uie order provided for in Seckion 2.
<br /> In the event of�total taking, desfruction, ox loss in value of tha Property, the M'rscellaneoi�s Yroce,ods shall
<br /> be applied to Y]ie aums secured hy thia Secmity G�strument, ��l�eCl�er or not Cl�en clti�e, with the axcesF, iP any,
<br /> paid to Borrower.
<br /> Iu d�e eve�it c�f a partial takn�g, clesLrueCioi�, or loss in velue of the Property in whieh the f<vr inarket value o£
<br /> fhe Property inunedintely before the pnrCial takuig, deatruction, or loss iu value is equal to or grcater than thc
<br /> amount of the suins secured by tlus Secw-ity 1nsYriuncnE irnincdiately bofore lUe ptufill talcing, deslnioCion, or
<br /> loss in vahie, unlcss I3orrowcr and Lencier otherwise ag•ee in writing, the sums secured by this 9acurity
<br /> I�iefrmnent sh�211 be rednced by the amaunY of the Miscellaneous Proceeds mnitiplied by the fio1l�awii�g
<br /> frnction: (�) the Yotal amount of the stuns aecured immediakely bcforc thc partial talcing, destrnotion, or loss
<br /> in vnlue divided by(b)tlie fair marlcet value of th�s Property i�ninediaCely before theparti�l teking,
<br /> desCiuction, or loss in value. Aitiy Ualanco rhnli be p�ici to Borrower.
<br /> In tha event of a partial takuig, elest�uction, or loes in vahie of lhe Propexty in which the fair inarkeY v�lue of
<br /> tlie Property immecliately beforc tl�e pacfial Ealcing, deetivetion, or loss in value is less tha�i flie amount oP the
<br /> s2imh socurcd ir2vnediaCely be£ore the pnrtial talting, destntction, or loss in value, unlcss Borrower and
<br /> Lender other4uise agree in writiing, the Miycel1aneous Procccds shall Ue applied to the smns secured by thie
<br /> Sectitrity InsU2unent whether or not tlic emns are then dne.
<br /> If the ProperCy is abandoned Uy Borrower, or iP, after notice by Lender to Borrower thak the Opposing Party
<br /> (as defined in thc nexL senkenoe) offers to make an a�ward to settle a claim fot dan�ages, h3orrower fails to
<br /> respond Lo Lender within 30 days eFter the date tlie notice iy givcn, Lc�idcr is auChori�ed Co oollect aiid apply
<br /> the Miacellaneous Proceeds eitlier to restoration or rcpair oP Uie ProperCq or to the snms secured by this
<br /> Sec�uity inshuincn4, whether oc not then due. "Opposing Party" means tlie third party that owcs Borrowcr
<br /> Miecelltui�ous Proceeda or the paz ty against whom Sorrowet has a right of aclion in regard to Miseellnueoue
<br /> Proceeds.
<br /> Borrowex shell be in def'ault if'any actio» or procccding, whefher civil or oriu�inal, ia begun that, in Lender's
<br /> judginant, conld result in forfoitiu�o of fhe Property or other material impairinent of Lender's interest in tl�e
<br /> Properfy or rights mider this Security Instrtunenti. Borrower can ciue 9uoh a dcfa�dt and, if accelerafion hns
<br /> 000urred, reinstate as provided in Sectlon 19, Uy caueing fhe acCion or proceedin� to be dismiesed with�
<br /> ruling that, in Lender's judgi��ent, prccludes forfeitur�of the Property or other nutterial impairment of'
<br /> Lender's interest in il�o Proper'Cy or righte under this Sectuity Inst'a'umwlti. The proceeds of anq award or
<br /> claim for damages thnk are ath'ibutisd�le to the impairrueirt of l.ender's ink;rest in tl�e Properk�are hereby
<br /> assigned and shall bo paid to Lender.
<br /> All Miscellnneous Proceede tlk��t Are not applied to restoratron ar rcpair oP the Froperty sha11 be npplied in the
<br /> arder provideci for in Section 2.
<br /> 2A002344
<br /> NE6MSKA-Sl�gle Famity-Fennle M aelFretldie Idnc UNIFORM INSTRUMfNT Form 3026 1701
<br /> VMP OO VbIPB(NG)(11051
<br /> Wolters Kluwer Flnenoiel Servicec Pa9n90 n117�
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