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<br /> sa�zsfacti�n, provzd�d that such �nspec��an shall be under�aken prompt�y. Lender may pay far the repairs _
<br /> and restaratzon in a single disbursement�r in a s�r��s�f progress payments as the work is Con�.p�e�ed.
<br /> Llnl�ss an agreemen�is made in wrxt�ng�r App��cab�e Law requires interest tfl�e pa�d�n su�h
<br /> Misce�laneous Pr�ceeds, Lender shall not be requxred to pay Borravver any �n�erest or earnings on such
<br /> Misce��aneous Pr�ceeds. �f�he re���rati�n or repair is not ecan�m�ical�y feas�ble or Lender's s��urity would
<br /> �e lessened, the Miscellane�us Pr��eeds sha��be applied to the sums s�cured by thxs Security Instrumen�,
<br /> w�ether or not�hen due, �r�th the excess, if any, pai�t� Borrower. Such N�isCe��axae�us Pr�Geeds shal�b�
<br /> app��ed zn�he order prflvid�d for in Sect�on 2.
<br /> �n�he even�of a�o�a1 �ak�ng, de��ruc�ian, or lass xn va�ue of the Praper�y, �he Misce��aneous Praceeds shall
<br /> be app�ied�o�he sums secured by�his S�curity �nstrum�nt, whether or nfl��hen due, wx�h�he ex��ss, if any,
<br /> paid to Borrower.
<br /> �n the e�ent of a pa.r�ia1 taking, des�ructi�n, or loss �n vaiue of the Proper�� in which��e fa�r market va�ue of
<br /> the Property�mmediately befare the part�al �aking, des�ructi�n, or�oss �n value is equa� t��r great�r than�he
<br /> a�.ount of the su�ns secured by�h�s Secur�t� Ins�r��nent �mmedia�ely before�he par�ial taking, destructi�n, �r
<br /> ��ss in�ralue, un�ess B�rrower and Lend�r otherwise agree in writing, �he surns secured by this Security
<br /> �nst�um�n�shal�be reduced�y the a�mvunt of the M�scel�aneaus Proce�ds multip�ied by�he following
<br /> fract���.: �a}the�ota1 amo��of the�ums secured immed�ate�y before the pa.rtia�taking, d�s�ruct�on, or l�s�
<br /> �n va�u�dzvic��d�y �b}�,e tair mari�et Watue ot��he Yroper��r �mmediately bet�re the partia��aking,
<br /> €��structivn, or Ioss in�ra�ue. Any�alance sha����paid to Borrower.
<br /> ���he e�ren�of a par�ia�taking, des�ru�ti�n, or�oss in va�.ue of�he Froper�y�n w��ch the faxr mark�t vaiu�af
<br /> �he Pr�p�r��r �mmediately b�fore the par�ial tak�ng, destruction, ar�a�� in�a�ue is�ess than���amount of the
<br /> sums s�eured�mn��diatel���f�re the par�ial taking, destructi�n, or�ass in va�ue, un�ess Borrvwer and
<br /> Le��ier athervvise agree in�vrit�ng, the M�sc��laneous Pro�eeds sha11 be appl�ed�o the sums secured by this
<br /> Secur�ty �ns�rumen�whe�her or no�the sums are then due.
<br /> �f th�Proper�y is abandon�c�by Borro�ver, �r if, after no��ce by Lender�o Borrav��r that th��ppasin� Par�y
<br /> ��s def�ned��the nex�sen�ence}�ff�rs to n�zake an award to settle a c�ai�n f�r damages, Barrawer fa�ls to
<br /> r�spond�o Lender vvithin 3a days after the date the na��ce is gi�en, Lender is autharized��co��ect and app�y
<br /> �he Mzs��llaneaus Proceeds e�ther ta res�orat�on or repazr of the Fraper��ar to��ie sums secured by�his
<br /> Se�ur�ty Instrument, whether ar nat�hen due. "�ppos�ng Par��" mean��he�h�rd party tha�ovves Borrower
<br /> N�i�ce�la�neous Praceeds or the party aga�ns��h�m Barrower has a r��ht�f ac�ion in regard to Mi�cellane�us
<br /> Praceeds.
<br /> Borrow�r sha���e in default if any act�on�r prtiCeed�ng, whe�her ci�i� �r crinuna�, �s begun�hat, in L�nder's
<br /> �u�gmen�, cou�d resu�t in forfeiture of the Property or other mater�al impairmen�of Lender's in��r�st zn the
<br /> Proper�y flr r�gh�s under this Secur�ty Instrum�nt. Barrower can cure such a defau��and, if a�ce�era�xon has
<br /> occurr�d, reinstate as pro�ided in�ect��n 1.9, by�aus�ng the action or proceeding to be dismis�ed w�th a
<br /> ru��ng�hat, �n L�nder's judgm�n�, pre��udes f�rfeiture of the Proper�y or�ther material impairnaent of
<br /> Lender's �ntere�t in the Property or righ�s under this S�cur�ty �nstrument. The proceeds af an�a�vard or
<br /> c�aim for damag�s that ar�a�tribu�able���h�impairment of Lender's in�erest in�he Proper�y are hereb�
<br /> assigned and shall be paid to Lender.
<br /> A�� M�sc���aneous Proceeds tha�ar�not app�i�d�a res�orat�fln�r r�pa�r of th�Property shal�be applied in the
<br /> �rder prov�ded for�n Secti�n 2.
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<br /> Walters Kluwer Fir�anciai Ser�ices Page 1�of 17
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