��15��55�
<br /> �at�sfa�t��n, pr��id�d tha� such inspec�i�n shall b�und�r�aken prampt�y. L�nder may pay far the repairs
<br /> and r�stora�ion in a s�n�le disbursement�r in a s�r�es of progr�ss payment� as�he work�s ca�rzp�et�d.
<br /> Un�ess an agreem.ent�s made in�vriting ar App���abl�Law requires xnt�rest to be paid�n such
<br /> Mis����aneous Proceeds, L�nder shal�not be r��uired t�pay Borrow�r any interest or earn.�ngs an such
<br /> Mis�e�Iarie�us Proceeds. If the restoration ar repair is nat econ�mical�y f�asib�e or Lender's security wau�d
<br /> be less�ned, t�e M�scellaneaus Prac�eds sha���e app�ied�o th�sums s�cured�y th�s Secur�ty �nstrument,
<br /> wh�ther�r no��hen due, u�ith the e�cess, �f any, paid��Barrower, Such Misce��an�ous Proceeds sha�� be
<br /> applied in�he order provided far in Section 2.
<br /> In th�event af a�otal taking, destru��ion, or��ss in�alue of the Proper�y, �he M�sce��azae�us Proceeds sha��
<br /> be app�ied to�he sums secured by�his Se�ur�ty �nstrument, vvhether�r no�then due, wi�h the excess, if any,
<br /> paid to Borrawer.
<br /> �n th�e�ent of a par��a� taking, destruc�ion, ar�oss in valu�of th�Proper�y in which the fair mark�t value of
<br /> �he Praper�y�mm�diate�y bef�re the par�ia� taking, des�ruct�on, or�oss �n value is equal t� �r gr�ater than th�
<br /> amount af�he surn�secured by�his Security Ins�rument�mmed�ate��befflr�the partial tak�ng, de�truct��n, �r
<br /> �oss in value, un�ess Barrower and Lender oth�rwise agree�n wr�t�ng, �he sums secured by this Securi�y
<br /> �ns�rurnent sha��be r�duc�d b�r the amoun��f the Misce��aneous Pro�eeds m�u��i�li�d by th�fall�w�ng
<br /> frac�ion: �a}�he�v�al am�un�of the sums secured immediate�y b�fore the par��ax taking, destruc�xon, �r lo�s
<br /> in value divid�d by �b} �he fa�r market�ralue�f the Praper�y imamedia�ei�bef�re the partia� tak�ng,
<br /> destruction, or loss�n�a�ue. Any ba�ance sha��be paid�o Barrower.
<br /> In the�ven�of a par��ai taking, destruc�i�n, or�oss ir��a�ue�f the Pr�per�y in wh�ch the fa�r market�aiu�af
<br /> th�Property immed�a�e�y befare the partial taking, de�tru��ion, or loss in Wa�ue is��ss than�he amvun�of the
<br /> sums s�cured immediate��r before the partial�ak��g, �estruc�i�n, n�'�D55]�I�.V�ll�'.� unless Barrovver a.nd
<br /> Lender flth�rwxse a�re��n writing, �he Nliscellaneous Proceeds shal�be app�i�d ta the sums secured by this
<br /> �ecurity�nstrunr�e���vhether or n�t�he surn�are�hen�.ue.
<br /> �f th�Prop�r�y�s abandon.ed b�Barr�wer, �r xf, after nat�c�by Len�.er�o Borrower�hat the�pposing Party
<br /> �as d��ned in t�e ne�.t sent�nce} affers to�nake an awar�ta settle a ciaim for damag�s, Borr�wer faiis t�
<br /> respnnd�o L�n��r v�r��h�n 3�days after�he date����ot�ce is given, Lender�s auth�r�zed�o coli���and apply
<br /> �he Misce��aneous Proceeds e�ther ta res�oration or repa�r�f�he Pr�perty or�o the sums s�cured by th�s
<br /> Security�nstrum�ent, �vhether ar nnt then du�. "�pp�sing Par�y'r means the th�rd par�y tha�owes Borrawer
<br /> Miscellaneous Pro�eeds ar the party a�a�nst vvhom B�rrower has a righ�af act�on�n regard�a M�s�e��aneous
<br /> � . Proce�ds. _� -
<br /> Bflrr��er shal�b�in defau��if any actian or pro�ee�ing, whether�iv�l ar crim�na�, zs begun�hat, �n L�nder's
<br /> judgment, couid resu�t�n f�rfeiture of the Proper�y ar nth�r ma��rza� �mpairment af Lender's in�erest�n the
<br /> PrQper�y or r�ghts un��r thzs Securi���nstrumen�. Borrnwer can�ure su�h a default a�d, if accelerat�on�.as
<br /> accurred, reinsta�e as pravided xn Section �9, �y causing th�actz�n or prac�ed�ng to b�di�miss�d w�th a
<br /> ruling tha�, in Lender's judgm�n�, prec�udes forfeit�re�f the Property ar a�her ma�erial impa�rment of
<br /> Lender's interes�in�he Pr�per�y�r rzghts under this Security Instrument. The proceeds�f any award or
<br /> claim f�r damages�ha�ar�a�tri�utab�e to the impairrnen��f Lender's interest in the Property are hereby
<br /> assigned and shall be paid t� Lender.
<br /> A�� Miscellar�eous Pr�ceeds tha�are no�app�ied to r�storat��n or repair of the Property sha���e app�ied in the
<br /> order provided far zn Sec�ion�.
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<br /> Walters Kluwer Financial 5er�ices Page 9�vf 17
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