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<br /> satisfac��on, provided that such inspection shall be undertaken promptly, L�nder may pay for the repairs
<br /> and restorati�n in a sing�e d�sbursement or in a serzes of pr�gress payments as the work is comp�eted.
<br /> Ur�.�.ess an agreement is made in�vriting or Applzcable Lavv requires interest ta be paid on such
<br /> M�scellaneous Proceeds, Lend�r shall nnt be required to pay Borrawer an�interest or earna.ngs on such
<br /> Miscellaneous Proce�ds. If�he restarat�on or repair is not economically feasible or Lender's secur��y wau�d
<br /> be lessened, �he Misce�Ianeous Proceeds shall be appl�ed�o th�sums secured by this Security Znstrument,
<br /> whether or not then due, w�th the excess, if any, pa�d to Barrower. 5uch Mis�el�aneaus Pr����ds shali be
<br /> applied in the arder pro��ded for in 5ect�on 2.
<br /> rn�he e��n�of a�otal ta��ng, destruction, or Iass�n�a�ue of the Praperty, the Miscellaneous Proceed� shall
<br /> be applied ta�he sums s�cured by this Secur�ty Instrumer�t, vvhether or nat then due, v�,�ith the excess, if any,
<br /> paid to B�rro,wer.
<br /> In the event af a partza�taking, destruction, ar�oss�n value of the Prop�rty In which th�fazr market value af
<br /> the Prop�rty immediat�ly hefnre the part�al taking, destruction, or Ioss in value is equa�to or greater�han the
<br /> amoun� ❑f�h� sums secur�d by th�s Secur�t�Instrument zmmedzately hefore the partzal taking, destruc�i�n, or
<br /> loss�n valu�, unless Borrower and Len�er other�v�s�agree in writing, �h�sums secured by th�s Securi�y
<br /> Instrum�nt sha�I be r�duced by the amount of the Mlscellaneous Praceeds multiplied by�he follo�ving
<br /> fraction: �a} the total amount of the sums secured immediately before�h�partial taking, destruction, or lo�s
<br /> in value div�ded by (b} the fair market value af the Proper���mmediat�ly befare the par�ral taking,
<br /> C��5�IL1C�1.�I1, or�ass in va�ue. Any balanc�shall be pazd to Borrower,
<br /> �n the event of a part�al�aking, d�struc�ion, or�oss in value of�he Propert�in which the fair market�alue of
<br /> the Property�mm�d�ately b�fflre the part�al�aking, des�ruction, or�oss in value is less than the amount of the
<br /> sums secured imm�dia�ely before the par��al taking, destructian, or Ioss in value, un�.ess Bflrr�wer and
<br /> Lender o�herwise agree in wr�t�ng, the Misc�Ilaneous Praceeds shall he applied�o th�sums secured by this
<br /> 5ecur�ty Ins�rument whe�her or not the sums are then du�,
<br /> If�he Property is abandan�d hy Borrower, or if, after notice by Lender to Borrower that the�pposing Party
<br /> (as defined in the ne��sentence}offers t�ma�e an award to settle a c�aim fflr damages, Borrow�r fails to
<br /> resp�nd to Lend�r within 3� days after�h�dat�th�notice is given, Lender is authorized to collect and app1�
<br /> th�Miscellaneous Proceeds either��restoration or repair af the Pr�per�y or to the sums secured by this
<br /> Security Instrument, whe�her or not then due. "�pposing Party" means the�hird party that a�ves Borrower
<br /> Miscel�aneaus Proc�eds or the part�against whom Bo�rrow�r has a right�f ac��on�n regard to M�scel�aneous
<br /> Proceeds,
<br /> Borrow�r sha1l be�n default if any action or proceeding, whe�her c�vi�or criminal, is begun that, �n Lender's
<br /> judgm�nt, could result in forf�iture�f the Propert�ar other material impairm�nt of Lender's interest in the
<br /> Property or rights und�r this Se�urxty Instrument. Borrower can cure such a defau�t and, �f accelerati�n has
<br /> ocGurred, re�nstate as provided�n S�ction 19, by causing the action or proceedzng to be dismissed wzth a
<br /> ruling�hat, in Lend�r's judgm�nt, preclude� forfeitur�af the Property or other material impairme�.t of
<br /> Lender's in��rest in the Propert�or rights under�h�s Securrty Instrument. The proceeds af any award or
<br /> c�a�m for damages that ar�at�ri�butable tn the�mpairmen�of Lender'� interest in the Property are h�reby
<br /> assign�d and sha��be paid to Lender.
<br /> A�l Miscellaneous Proc��ds that ar�not appl�e�to r�storatzon�r repair of the Prop�rty shall b� app�ied in the
<br /> order pr���ded for in Sectzon 2.
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<br /> Wafters Kluwsr�inan�ial Ser�ices Page 7�of 17
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