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<br /> satisfaction, provided that such inspection shall be undenaken promptly. L.ender may pay for the repairs
<br /> and restoration in a single disbursement or in a series of progress payments as the work is completed.
<br /> Unless an agreement is made in writing or Applicable Law requires interest to be paid on such
<br /> Miscellaneous Proceeds, L.ender shall not be required to pay Borrower any interest or eamings on such
<br /> Miscellaneous Procceds. If the restoration or repair is not economically Feasible or L.ender's security would
<br /> be lessened, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument,
<br /> whether or not then due, with the excess, iF any, paid to Borrower. S�ch Miscellaneous Proceeds shall be
<br /> applied in the order provided For in Section 2.
<br /> In the event of a total taking, destruction, or loss in value of the Proper[y, the Miscellaneous Proceeds shall
<br /> be applied to the sums secured by this Security Insmunent, whether or not then due, with the excess, if any,
<br /> paid [o Borrower.
<br /> In the event of a partial taking, destruction, or loss in value of the Property in which the fair market value of
<br /> the Propeny immediately beFore the partial taking, destruction, or loss in value is equal to or greater[han the
<br /> amount of the sums secured by this Security Instnunent immediazely 6efore the partial taking, desuuction, or
<br /> loss in value, unless Borrower and I.ender otherwise agree in writing, the sums secured by this Security
<br /> Instrument shall be reduced by the amount of the Miscellaneous Proc�ds muliiplied by the following
<br /> fraction: (a)ffie total amount of the smns secured immediately before the partial taking, destruction, or loss
<br /> in value divided by (b)the fair market value of the Property immediazely before the partial taldng,
<br /> destruction, or loss in value. Any balance shall be paid to Sonowet.
<br /> In the event of a partial taking, destruction, or bss in value of the Property in which the fair mazket value of
<br /> rhe Property inunediately before the partial taking, destruction, or loss in value is less than the atnount of the
<br /> sums secur�iuunediately before the partial talong, destruction, or loss in value, unless Borrower and
<br /> Lender otherwise agree in writing, the Miscellan�us Proceeds shall be appli�to We sums secured by this
<br /> Securiry Instrument whether or not the sums aze then due.
<br /> If the Property is abandoned by Borrower, or if, after notice by Lender ro Borrower that the Opposing Party
<br /> (as defined in the next sernence)offers to make an awazd to settle a claim for dazuages, Sonower fails to
<br /> respond to Lendet within 30 days afrer the date the notice is given, Lender is authorized to collect and apply
<br /> the Miscellaneous Proceeds either ro restoration or repair of the Property or to the sums secured by this
<br /> Security Instrument, whether or not then due. "Opposing Pariy"means the third party that owes Borrower
<br /> Miscellaneous Procceds or the party against whom Bonower has a right oF action in regazd to Miscellaneous
<br /> ProceEds.
<br /> Bortower shall be in default if any action or procxeding, whether civil or criminal, is begun tha[, in Lendet's
<br /> judgment, could result in forfeiture of the Property or other ma[erial impairment of Lender's interest in the
<br /> Property or rights under this Security Instrument. Borrower can cure such a default and, if acceleration has
<br /> occurred, reins[ate as provided in S�tion 19, by causing the action or proceeding to be dismissed with a
<br /> ruling that, in Lender's judgmem, precludes forfeiture of the Property or other material impairment of
<br /> Lender's interest in the Property or rights under this Security Instrument. The proceeds of any awazd or
<br /> claim for damages that aze attributable to the impairment of Lender's interest in the Property are hereby
<br /> assigned and shall be paid to Lender.
<br /> All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be applied in the
<br /> order provided for in Section 2.
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