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<br /> 10. .A�ss�gnment of Miscellaneous Proceeds; Farfei�ure. A�1 Miscellane�us Pxo�eeds are hereby assigned to
<br /> and shall be paid to Lender.
<br /> If the Frapexty xs dalnaged,such Mi�ce�laneous Proceeds sha�l be appl�ed�o res�aratian or repair of the Property,
<br /> iF�he res�oration or repair�s eConomi�ally feasibl�and Lender's securi�ty is not lessened. During such repair and
<br /> restnration period, Lender sha11 have �he right to hfl�d such Mrscellaneous Proceeds un�il Lender has had ar�
<br /> oppartunity �o inspect sL�ch Property ta ensure�he War1�has been comple�ed�o Lender's sal:israc�t�n, pr�vided tha�
<br /> such inspection sha��be undertal�en prol�ptl�r, Lender may pay for�he xepairs and restora�ion in a single dis�ursemen�t
<br /> or in a series of progress payme�ts as the wark is c�mpleted, Unless an agreement is made in writ�ng or Applicab�e
<br /> Law requires in�erest to be paid an sL�ch Miscellaneous Proceeds, Lender sha��not be required�o pay Borrawer any
<br /> interes� or earnings on such Miscellaneous Pra�eeds. �f�he restorat��n or repazx �s n�t ec�nomically feasible or
<br /> Lender's security w�uld be lessened,the Misce��aneaus Proceeds sha1l be applied to�he sums secured by�his Secur�ty
<br /> Ins�rumen�, whether�r nat�hen due, with the excess, if any, paid�o Barrower. Such M�scel�aneous Proceeds shall
<br /> be applied in f�ae arder pro�ided for in Section�,
<br /> In the event of a�o�al taking, destruction, or loss in vaXue of�he Property, the Miscellaneaus Proceeds sha�1 be
<br /> applied to the sums secured by �his Security Instrumen�, whether �r na��hen due, wi�h �he ex�ess, if any, paid ta �
<br /> i
<br /> Borrower. ,
<br /> �n the e�en�of a�ar�ia��aking, des�ruction, ar loss in va�ue of�he Prope�rty in which the fair mar��et value of
<br /> �he Pro�ae��y immediately before�he par�ia��al�ing, de�truc�ion, �r loss in value�s equaT�o ar grea�er�han�he amoun� �
<br /> of�he sl�ms secured by t�axs Securi�y Instrumen�imrnediately before the par�ial taking, des�xucl:iony or Ioss in value,
<br /> un�ess Borr�v�er and Lender o�herwise agree in Writing, the sums secL�red by�his Secur�ty�nstz:urnent sha11 be reduced
<br /> by the a�n�oun�of�he M�scellaneous Proceeds multiplied by the f��lowrng fraction; (a}the to�a�amoun�of�he sums
<br /> secured imi�nediately befare�he partia��al�ing, destruc�ion, or�o�s in value di�ided by�b��he fair rna.rket value of the
<br /> Pr�perty inunec�ia�ely befare�he partia��alcing� destruc�ion, or�ass in value. Any balance shall be pai�i�o Borrov�er,
<br /> In the e�ent of a paxt�al �al�ing, des�ruction, or 1tis5 in va�ue of the Proper�y in which�he fair rnarket value of
<br /> the Property ixnm.ediately�efare�he pa�tial�al�ing, des�ruc�ion, or lass in va�ue is less�han the a�noun�of�he sums
<br /> secured im�nediate�y befare the par�ial�al�ing, destruc�ion, or loss xn va�ue, unless Barrower and Lender otherwise
<br /> agree in writiing, �he Miscellaneous Praceeds shall be applied to tihe surns secured by�his Secu�ri�:y 7nstrumen�whe�her
<br /> or na��he su�.�.s are then due.
<br /> If�he Property is abandoned by Borrower,ar if, after nat�ce by Lender to Borrower�hat the�pposing Party(as
<br /> definec� �n �he next sen�ence� offers to make an avvard ta se�tle a claim for dama�es, Borrower fa`rls to res�ond ta
<br /> Lender v�i�h�n 30 days af�er�he date�:he natice is gi�en, L�nder is au�horized to callec�and app�y the Miscellaneous
<br /> Proceeds ei�her ta res�ora�zon�r repair�f�he Praper��y or �o�he sums secuxed by this Security�ns�rulnent, whether•
<br /> or not then c�ue. "�ppos�ng Party" rneans�he�hird party t�at owes Bor�rower Miscellaneous Pro�eeds or�he par�y
<br /> against�whom Boxrower has a right of a.c�ion in regard to M�scellarieous Proceeds,
<br /> Borrower sha11 be in defaul�if any action ar proceeding, whether civil or cr�mina�, is begun tha�, rn Lender's
<br /> judgmen�, cou�d r�esu��in forfeiture of�he Property or otihe�r ma�erial impairmen�of Lende�r's interest in�he Property
<br /> or rights under this Securi�y�ns�ru�nen�. B�rr�wer can cu�e such a default and, if accelera��on has occurred,reinsta�e
<br /> as provided in Sec�ion 18, by causing the action ar proceeding ta be dismissed wi�h a ru�ing �ha�, in Lender's ;
<br /> ,judgment, prec�udes forfe�tur�of the Pr�perty or other n�.aterial impaixmen�oF Lender's intexest�n the Property or
<br /> rights unc�er t�ais Seeuri�y Ir�strument, The proceeds of an�y avvard or claim for damages that are attribu�able�o t�ie
<br /> impairmenti of Lender's�n�erest rn the Property are hereby ass�gne�anc�shall be paid�o Lencler. �
<br /> A�l Misce�laneous Froceeds�hat are nat app��ed to re�toration or repair af the Proper�y sha11 be applied zn the
<br /> order pr��ided for in Section 2.
<br /> 11. �orro�ver Not Re�ease�; F�rbearance By Lender N�t a'L�VaYver. Ex�ens�on oF the time for paymen�ox ;
<br /> rnndi�ca�ion of amortizati�on or�he sums secured vy this Securi�y�nstrurnenti gran�ed by Lender�o Bor�owe�r ar any �
<br /> Successor in In�eres�of Borrower sha11 not opera�e�a release th�liabili�y of Borrower or an�Successars in�nterest
<br /> of B�rrower, Lender sha��nat be r�quixed to commer�ce proceedings against any Succes�or in�nteres�of Borxower
<br /> or to refuse tio ex�enc� ti�a�.e fa�r payment o�r othexwxse madify amortiza�i�n of�he sums secured by this Securi�y
<br /> Ins�rument by�eason of any demand m.ac�e by�he or�ginal Borrower or any Successors in Xnt�r�st of Borra�ver, Any
<br /> NE6RAS�CA�Single Family�UNIF�RIVI INSTRUMENT ���,M��,�C a
<br /> NlCJDIFIED FaR❑EPARTMENT �F VETERANS AFFAIRS - MERS www.docrrrac�ic.��m
<br /> {Rev. �10�} Page 8 �f �4
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