201208987
<br /> sxtisfacHon, provided Lhflt suoh inspecGon shadl be underteken prompfly. Lender inay pav for tl�e repairs
<br /> aud resWration in A aingle disbwsementi or in a series of progress papments as tl�e wark is com�leted.
<br /> Unless an agreement is made in writing or Ap�licahlc Law reqiures iiileresC Co be�aid on such
<br /> MiScellancc�as Proceede, Lencler shn1l not be ruluired W pny Boxrower Tny interest or earning�s on such
<br /> MiFcellzneous Prooeeds. I£khe restoration or re�air is noti econoinically f'eaeiUle or I,ender's secw•�ty would
<br /> be lesaeiied, tlie Miscelluieous Proceeds shall be a�plied to the sums sec�reul by this Secnritq&istrurnent,
<br /> whether or uot then due, wifli the exeoss, if any, paid to Borrower. Suoh Miwellaneoua Proceeds shall be
<br /> applied in the order prpvided for iu Saclioti 2.
<br /> &i tha evanY of a tatal taldn�;, destruction, or lose in v21ue of Che ProperCy, Lhe Miscellnneous Proeeecls ahall
<br /> be appfied to tho smns eecm�eci by t�his Security Insh�nuient, whether or not then due, with theaxcess, if any,
<br /> paid to Borrower.
<br /> in the event of a paatial talsing, destrnction, or loss in valuc of tl�e ProperCy in which the fair market velue of
<br /> the Pcoperfy iirunecliately beforc the partial taking, destruction, �or loss ixi value is equal lu or g�raaCer thau the
<br /> ainowrt of the sume sucured bq Chia Security Instrument immediTtely before tha paa�tial taldng, dest�uction, or
<br /> ]o5s ii�value, Lu�lesa Borrower�nd Lender otherwIsa ag[ee in writing, d�e snms ,�ecurod by tl�is Scpuri4y
<br /> InRfrumenti s1�a11 Ue reducecl by the unomiC oP 13ie Miscellaueone Yrocccds multiplied 6y fhe following
<br /> fi•flction: (�) ttie totial tunoait of the sums securcd imiroediately bcfore Llie partiai t�lcing, tlestructirni, or loss
<br /> in value divided by(b)the f�ir�1�arkct vttluc of fhe Properly inunedinkely before the partial Yalcing,
<br /> desh�uction, or loss in vahie, Atry l��lanoe sh�ll be paid Yo Borrower.
<br /> Hi Che event of a partial taking, desCruoCion, or loss in vafie of the Property in wl�ich the fair�narket val'ue of
<br /> Lhe Property inm�ediately before the parPial tiakin�, desh�ucGion, or lose iii valuc is Icss thnn tl�e amoimt of Hie
<br /> sume seeured immediaCely before the partial talring, destruction, or loss in valne, unless Borrower and
<br /> Lender otherwiso abrcc in wriCing, llie Miscell�neoue Proceeds shn11 be applied tio Uia stuns secured by this
<br /> Scc urity Insfriunent whether or not the ewne are Cheu due.
<br /> If$te Property is abancioned by Bonnwer, or if, after notice by Lendec to Borrower that t11e Op�osing Party
<br /> (ae de�Gned in the next sentence)�offers to make an awa��d to settle a claim for damages, Bon�ower fails to
<br /> respond to Lender within 30 days after the datc tho noeica is given, Lender is authorized to collect and a�ply
<br /> the Miscellanwus Vrocecds cifl�cr to restocation or rep�ir of the Property or to the smns secu�ed by this
<br /> Security InsYrument, whether or not then due, "Opposiug P�rty" me�ns i7ie 1liird pt�xty that owes Borro�aer
<br /> IVIiscellaneoLu Proceeds or thc garty agaiinsf whom Borrower haa a right oY aeCion in regard to Miscellaneous
<br /> Yrocceds.
<br /> Boimwer shnll be in dePault if any aotion or proceeding, whather civil or criminal, is begun tihat, in Lender's
<br /> jndgment, could result in forfeiture of tihe Prope��ty or othcr matcrial impttinYienf of Lendex's interest in the
<br /> Proparty or rights nnder this Securify [nstrumenG Borrower cui cure such a de£ault at1d, if accelerfttion has
<br /> occurred, reinstatc as provided in 3ection 19, by caxising the atetion or proceediug to Ue dismissed witU n
<br /> ruling thaC, in Lender's judgment, precludes forfeiture o£tha Pinperty or other material imptiiri��cnt of
<br /> Lender's interest in the ProperPy or righCs mider this Secaiity [netr'ument. 'Cl�o praceecls oP any awnrd or
<br /> claim foi damages that are athibirtnblc to thc imlAairment of Lerider's intetest in the Property are hereby
<br /> assigncd and el�all bo p�ud t�o Lender.
<br /> �4ll Miscellanco�ie Yroceecls fhaC are nof applied to restoretion or repur oF tiho ProperCy sliall be applied in f1�e
<br /> order provided forin Section 2.
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