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��15�5454
<br /> sa�isfaction, prnvided�hat such ��spec�ion shall be unde�r�ak�n pramptly. Lender may pay for�he repairs
<br /> and restorat�on in a single dis�ursement ar in a series of progress payments as the work is comple�ed.
<br /> Unless an agre�m�n�is made in wr�ting or Applicable Law requ�r�s inte�est to be paid on such
<br /> Miscellaneous Praceeds, L�nd�r�hall nat b�required t�pay�arrawer any intere�t or earning�an such
<br /> II�Ii�cellaneaus Pro�eeds. �f the �e��oration ar repair is no�economicaliy feasible or Lender's secur��y tivould
<br /> be lessened, the Miscellaneaus Pro���ds �hall be applied to�he surns secured by this Secur��y �nstrument,
<br /> whether or no�then due, �r�th �he ex���s, if any, pa�d��Borro�ver. Such Mis�ellaneous P�oceeds sha�� be
<br /> applie� �n the order prov�ded for�n S�ct�an 2.
<br /> In the event of a�o�al tak�ng, des�ructzan, ar Ioss�n va�u�of�he P�aper��r, the M�sce�lane�us Prac�eds �haii
<br /> be app�zed to the sums�ecured by th�s Secur���r �nstrume�t, wheth�r or not then due, wi�h th�exCess, if any,
<br /> pa�d t�B�rrower.
<br /> In the���n�of a par�ial�aking, destruct�an, �r loss in val���of the Prop��y in v�hich�h� fa�r mark�t value af
<br /> the Proper�y immediate�y b�fo�e the par��al ta�ing, destruct�on, or�oss in va�ue is�qua�ta or great�r�han the
<br /> amount�f�he sums se�ured by th�s Secur�ty�ns�rurnent imm�d�a��Iy bef�re th�par�ial �ak�ng, destructiQn, ar
<br /> �oss in va�uey un�e�s Borrower and Lender o�her�ise agre�in wrzt�ng, the sums secu��d b� this Security
<br /> �nstrumen�shall be reduced by th�amaunt�f the Mis�e�iane�us Pr�ceeds muitiplied by the f�Ilow�ng
<br /> fract�on: �a} th�total amount of th�sums��cur�d�rnm�diately before�he partia��aking, �estruction, or�oss
<br /> in�a�u�di�id�d by�b}th�fa��r mark�t�alue of�he Proper�y �m.rned�a�e��before the par�za� ta�ing,
<br /> destructian, or�oss �n value. Any�alance sha��be pa�d ta Borrower.
<br /> �n the e�ren�of a par�ia�tak�ng, destruc��on, or�as� �n�a�u�of�he Property in which the fazr mark�t�alue of
<br /> the Prop�rty im.media�ely befar��he partia�tak�ng, destructian, or�ass in�alue is�es� than the amount af the
<br /> sums �ecured imm�diately b�f�re�he par�ial taking, des�ru�tion, or loss in�alu�, unless Bor�rawer and
<br /> L�n�er otherv�ise agree�n wri�inb, �he Misc�tlaneous Prflcee��sha��b�appli�d to th�sums se�u�-e�l by th�s
<br /> S�curity In�trument�hether or not the sums are then due.
<br /> If�he Proper�y�s aband�ned by Borrower, or�f, afte�nQtice by Lender to Borra�ve��ha��he�pposing Par�y
<br /> �as def�ned zn�h�next sent�nce} off�rs�o mak�an awa�rd tfl sett��a cla�m for damages, Borrflwer faiis�a
<br /> respond�o Lender within 3�days after the date the natice is gi�en, Lender is au�horized to�olie�t and apply
<br /> �he M�s�e�laneaus Pro�e�ds�ither to restaration or repai�of th�Pr�per��or to the sums secured by th�s
<br /> Securit� Instrument, whether or not then due. "�pposing Party" means the third par��that�wes Bar�o��rer
<br /> Misceilane�us Px�c��ds or th�par��a�ain�t wham B�rrav�e�has a r�ght of a�t�on�n rega�d to M�scellaneaus
<br /> Prnc�eds.
<br /> Barr��v�r�hal1 b�in d�faul�if any acti�n or pr��;eed�ng, whether�ivil�r cr�m�nai, i�b�gun tha�, in Lender's
<br /> judgment, could result in forfe�tu��of�he P�roper��or other mater�al impairmen�of L�nder's interest in th�
<br /> Pr�perty or rights under this Se�urity Instrument. Barrnwer can cure such a d�fault and, if accelerat�an has
<br /> occurred, reinsta�e a�pravided in Secti�n �9, by causing the act�on or pr�e�eding to be d�smzssed�r�th a
<br /> ruling that, in Lender's judgmen�, prec�udes forfezture flf�h�Property o�o�her ma�e�r�ai �mpa�rment of
<br /> L�n�ier's znterest in the Froper�y ar�r�ghts und�r this Securzty�nstrument. The proce�ds�f azay award or
<br /> ��a�m fflr danzag�s�hat are attr�buta�le to�he�mpairment of Lende�r's int�rest in the Property are here�y
<br /> a�szgned and shall b�paid�a Lender.
<br /> A�l Mi�cellaneous Pr�ce�ds tha�are na�appii��ta resto�ation or�epa�r�f th�Praper�y sha�� be app�ied�n�he
<br /> �rder pr�vided for�n Sec��an 2.
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<br /> Walters Kluwer FinanEial 5ervi�es Page�0 of 17
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