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��14�454�
<br /> sat�.sfac�ion, prov�ded�hat such�rispec��on shal�be under�a.l�en promptly. Lender may pay for�he repairs
<br /> ax�d restoration�n a sin.g�.e d�sbursement�r�.n a series af progress payments as�h.e work�:s c�mple�ed.
<br /> Ur�less an agreement is made�n wr�ti-�g or App�.�ca�ble Law requires i.nterest to be paid or�such
<br /> IUliscellaneous JProceeds, Lender sha1l n�t be�r�qu�red to pay�3orr�wer an�r i-�ter�st ar ea�rungs on suc�
<br /> M�sc�llane�us Proceeds. If the restora�on or repair�s no�eca�omically f�asib�e ar Lender's security would
<br /> be�essened, �a.e M�scel�aneaus Prnceeds sha11:be appl�ed to the sums secured by th�s Secur�ty Iri�stru�e�t,
<br /> whether or not then due, with the e�cess, if axly, paid to Barrower. Such M�scellaneous Proceeds sha1l be
<br /> appL�ed�n the order pr�vided for in Section 2.
<br /> In�he event of a�ata1�aking, destruct�on, or Ioss i�va�ue of the Proper�y, �he Misc�llaneous Proc�eds sha.�1
<br /> be app�i.ed to the su.ms secuarecl.by�liis Security Instrurnent, whether or nat then due, ,wzth�he excess, i�any,
<br /> paid�o Borrfl�rer.
<br /> Ir��he event of a p�rtia�.�akirig, des�ruet��n, or�.oss in va�.ue�f#.�ie Pro�erty i-�.whieh�he f�r�.arket val:ue of
<br /> the Pro�erty irnrned��a�e�:y bef�re the par�a��a.k�.n�, destruction, �r�oss�n va�ue i�equal�a or greater�han the
<br /> arn.ount of the s�secure�:�by this Secu�-�ty I�strument�rxuned.iate�y before the partial tak�r�g, d.estruct�on, or
<br /> �oss xn va�ue, �ess Borrower a.ud Lender other�vise agree in wr�ti�.g, �Yie sums secured�y tllis Security
<br /> I-�.st�ri:�me�t sha1�be reduced by�he amou�t of�he M�sce�lax�.e�us Proceeds mul�i.p��ed by�he following
<br /> fract�.an: �a��he total amount of�he sums secured irr�med.iately b�fore�1ie partial�al�ing, destruction, or�oss
<br /> �.n�alue d�v�ded by�b��he fair market va�ue af the Property i�r�ediatel,y bef�re�.he part�a�t�ng,
<br /> destructi��, or lass�n val.ue_ A�y balan.ce�ha1�be paid�o Borrower..
<br /> In the ever��of a partial�a.k�ng, destruction, or�oss in valu��f the PrQperty�n w�ich the faxr market v�.�ue of
<br /> the 1'ropex-�y�mmec��atel.y before the part�.a1�a�ng, destruct�on, or loss�.n va.lue�s�ess�han the amount af�he
<br /> sums secured i_mm�diate�y�before the part�.al�aking, des�ructzax�, or loss�va.lue, �J..ess Bor�-owe�and
<br /> Le�a�er other�i�e agree�w��ing, th.e Miscell�.n��us]Proceeds shal�be a�aplied t��h.e sums secured�y�hi.s
<br /> S ecurity Instrum�nt whe�her or r�at the sur�as are�ien r�ue.
<br /> If�he Praperty is abar�.doned by Barrower, or if, after natice by Lender to]Borrawer�hat the�ppos�ng Party
<br /> �as de�ned in th�next sentence� offers to ma�e an award to set�le a c��m for damages, Bflrrower faxl.s to
<br /> respar�d�a ILender w�thin 3D day�after t�ie date�he notice zs g�.ven, Lender�.s authorxzed to col�ect a�d apply
<br /> the M�scellaneous Proceeds either to re�toration or repaxr of the Property or�o�he sums s�cured by this
<br /> S ecur�.�y Ins�rument, whether or not�hen due. "�ppo sin�P arty" means�he thi�-d party that vwes Borr�wer
<br /> IVliscellane�us]Proceeds or�ie par�y agai.n.st whom Borrower has a r�ght o�act�on�n regarc��o Mxsce��ar�e�us
<br /> Praceec�s.
<br /> �or�a�uer s�a�.l be��default�f any act�an ar���ceedir�.g, ��ethe�ci:v�l o�Gr�rnina:�., �s begun�hatz in Lender4 s
<br /> juc�gmen�, coulci res�t ir�farfeiture of t.�.e Pr�per�y ar ot�ier material�.mpa�rmen�of JLersder's�nterest i��he
<br /> Propex�r�r�ght�under�his Secur�ty Ins�rur�en�. JBorrouTer cax�.cure suc�a d.efault and, �f acce�erat�or�has
<br /> occurred, reinstate as provi.ded ira.Section 19, by causing�he acti.on ar pr�ce�d�ng ta�e dxs�n�.ssed ur��h a
<br /> ruli-ng�hat, in Lender's j udgment, precludes forfeit�-e of�he Property or o�.er ma�erial impairmer��of
<br /> Lender's interest i_n�he Property ar rights under this Secur�ty Ins�rument. The proeeeds of any award or
<br /> cla�m for damages�hat are attributab�e to the impairment of)Lender's ix�.tere�t in�he JPrQperty are here�y
<br /> ass�.gned a:xzd sha��be paid�a Lend�r.
<br /> AI�Misce�la�eaus P�-�c�eds�.at are r��t ap�lied ta xestora�o�or repa:ir of�c Prape�.y sha1�be ap�aliec�in�h.e
<br /> order pr�vxdec�fa�-in Sectia�2.
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