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<br /> satisfaoYian, provicled that sueh inspection shall be undertaken promptly. Lendor may pay for the rapairs
<br /> wd restoration in a single�disbursement or in a series of progtess paymants as ehe work is completed.
<br /> Unless un agrwinent is made in writing ar Applicable Law requires inYerest to be paid on such
<br /> Miscellaneous Proceeds, Lender shall not bc required to pay Borxowar auy interost or eaznings on such
<br /> Miscellaneous Proceeds. If the restoration or repaix is not economically Pcasihle or Lender's security would
<br /> be lessened, the Mfscellaneous Prooeeds shall be applied to the sums secured by this'Seourity lushument,
<br /> whether or not than due, with the excess, if any, p�id fo Borrower. Such Miscella�ieous Procecds shall be
<br /> applied in the order provided for in Saction 2.
<br /> In tlie eveiit af a total taking, destruction, or loss in value of the ProperYy, the Miscellaneous Yroceeds shall
<br /> be applietl to the sums secured by this Security Tnstrument, whether or not then due, with the exoess, if any,
<br /> paid to Borxower.
<br /> In the event of n partial taking, destruction, ox loss in value of ilie Proparty in which the f�tir market vulue of
<br /> the Property immediately 6efore the partiftl Caking, destntction, or loss in v�lue is equal to or greater than the
<br /> a�nount of the aums secured by this Security instruinent immediately before the paztial faking, desYrueYion, or
<br /> loss in value, unless Barrower and Lendar otherwise agree in writing, tho sut��s seeured hy this Security
<br /> Instrument shall Ue reduced by the amount of the Miscellaueous Pr•oceeds mulEiplied by the following
<br /> fiaction: (a)the total amount ofthe sums secured iixunediatcly beforethe partiEtl taking, destruction, or loss
<br /> in valuc dividcd by(6)the fair market value of the Yroperty immediately befora tlie partiaf taking,
<br /> destruction, or loss in value. !ury balance shall be paid to Boxrower.
<br /> In lho event of a partial taking, destruction, or loss in vahie of the Property iu which the Fair market v11ue of
<br /> the Propexty immediately before tlie parcial taking, destruction, or loss in valuc is loss than the ¢mount of flie
<br /> sums secured iixunediately bofore the partial talcing, dastruction, or loss in value, unless Borrowar and
<br /> Lender otherwise agrea in writing, the Miacellaneous Proceeds shall be applied fo flia sums securod by this
<br /> Sccurity Insteument whether or not the sums are lhen due.
<br /> lf the Property is abandoned by Borrowar, or iL, atter notice by Lender to Borrower that the Opposing Party
<br /> (as defined in the next sentence}offers to make an awnrd to settle a claim fox damagas, Borrowex fails to
<br /> respond to Lender witlun 30 days afior the date the notice is given, Lender is authorized to collect and apply
<br /> the Miscellaneous Proceeds either to restoration or repair of Che Property or to the sums secured by Uhis
<br /> Security InsYxument, whetlier or not then due. "Opposing Party" means the third party that owes Borrower
<br /> Misoellaueous Proceeds or the par[y against whom Borrower has a righe of action in regFtrd to Miscellaneous
<br /> Proceeds.
<br /> Borro�+er sliall be in dcfault if any action ox proceeding, wfiethor civil or oriminal, is begun that, in Lender's
<br /> j udgment, could result in forfeituxe of the Property or ofher maYerial impairmant of Lander's interest in Yhe
<br /> Property or righYs under this Security Instrument. Borrower can cure such a defaulti and, if accelerntion has
<br /> occurced, rainstnte as provided in Section 19, by eausing flie action or proceading to be dismissed with a
<br /> ruling that, in Lender's judgment, preoludes forfeitura of Yho Properry or other material impairmcnt of
<br /> Lender's inforast in the Pxoperty or xiglrts under t6is Security Instrument. The proceeds of any award or
<br /> claim Por damages that are attributaUle to lhe im}�airment of Lendar's interest in Ehe Property are h�reby
<br /> assigned and shall be paid fo Londcr.
<br /> All Miscellaneous Proceeds that are not applied Yo xestorntion or repair of Cho Prpperty shall be applied in thc
<br /> oxder provided for in SeaCion 2.
<br /> 24002328
<br /> N[ORASKn-Sin81e Femily-Fannle M eelFreddle M ec UNIFORM INSTRUM ENT Fqrm 3028 1101
<br /> Wol�er�a Kluwer FlnonclW 8crvloos VMf�9(NB(170.51.
<br /> PaBe 10 of 17
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