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2� 15�79�2
<br /> satisfact�on, pra�rid�d �hat such zn�pe�t�an shal� be und�rtaken pramptly. Lender may pa� for th� �epa��rs
<br /> and r�storation in a sin��e d�sbursemen��r in a��ri�s of progress payments as the wark is comp�et�d.
<br /> Unless an a�reement �s mad� �n wr�t�ng or App�icable Lati� r�qui�es interes�to be paid on s��ch
<br /> M�scelianeous Proce�ds, L�nder shaii nat be required to pay Barrower any interest ar ea�-n��ags �n su�h
<br /> M�scellaneous Prflceeds. �f the r�storation or repair is nat econom�caiiy feasible or Len�er's secur�ty v�ould
<br /> be��ssened, the N��sce��aneous Pro�eeds sha�l be appiied t� the sums s�cured by �h�s Se�;urity Instrum�nt,
<br /> whether or no� then due, with�he excess, if any, paid ta Borrower. Such M�sce��aneaus Pr�ceeds sha�� be
<br /> applied in�he arder provided for�n Sect�on�.
<br /> �n th�e�en��f a t�tai �ak�ng, destruct�on, or loss �n va�ue of the Property, the N�iscellan�ous Proceed� sha��
<br /> be applz�d to the sums secur�d by �hi� Se�ur�ty Instrument, tivhether or no��h�n du�� w��� th�exce�s, if any,
<br /> pa�d t� Ba�rower.
<br /> ��the event af a part�al �aking, destruc��an, or��ss �n va�ue o�the Property in which �he fair mark�t value of
<br /> th� Praper�y immedzate�y bef�re the partia� taking, destruction, or I�ss in vaiue �s equai to ax greater than the
<br /> amount af�he sums secured by this Se�urity Instrument immedia�ei�before th�par�ial �ak�ng, d�s�ru�tifln, or
<br /> ��ss �n�a�ue, un�ess Barrawer and Lender a�herwise agree in writ�ng, the sums se�ured by this Secur��y
<br /> �nstrumen�shal� be reduced by the amount of the Miscellane�us Proceeds znul��plied by th�f��iow�ng
<br /> fractzon: �a} the tatal amaunt of the sums secured �mmed�a���y before t��partial tal��ng, des�ruc��on, or loss
<br /> in valu�di�ided by (b} the fair market�a�ue of�he Property immediateiy befor�the par�xal �aking,
<br /> destruction, or loss in�a�ue. Any ba�ance shal� be pa��i �o Barrower,
<br /> In the e�ent of a part�a� �aking, destruc��an, or loss in value of the Property in w��ch the fai�r market valu�of
<br /> th�Property xmmedia�e�y b�fare the par�ia� �aking, destruct�on, or Ioss �n�alue �s ��ss than �h�amount nf the
<br /> sums s�cured imm�d�ate�y before the partial tak�ng, destruction, ar loss ��.value, unless B�rrower and
<br /> Lender o�herwise agree in�vriting, �he Miscellane�us Proceeds sha�� be app�zed t��he sums secured by th�s
<br /> Securi�y �nstrunr�ent v�he�her�r not the sums are then due.
<br /> If the Prapert� is abandoned by Borrower, �r�f, af�er no���e by Lender to Borrower that the�ppos��g �'ar�y
<br /> (as defin�� in the nex�sen�en�e} off�rs�o mak�an a�vard to settle a claim far damages, Borrav�er fa�l� to
<br /> resp�nd �o L�nder with�n 3�days after�he date fhe notice is gi�en, Lender is autho�-ized ta co���ct and apply
<br /> �he Misce��aneous Prfl�eeds ez�h�r to res��ra�ion or repair of the Property or to the sums secu�-�d by �his
<br /> Se�urit� �nstrumen�, whe�her ar not then due. "�pposing Party" means the th�rd part� tha�o�ves Barroti�er
<br /> Mxsce��ane�us Prfl��eds or�he party against whom Borrowe�-has a righ�of a��io� �n rebard �a Mi�cellan��us
<br /> Pr�ce�d�.
<br /> Borro�ver shall be in default if any act�an ar praceedxng, whe�her ci�zi or criminal, is begun tha�, in Len�i��'s
<br /> �udgment, could result �n forf��tur� of th�Prop�r�y �r other materiai impa�rment of L�nde�'s �n�eres� �n the
<br /> Proper��� or r��hts und�r th�s Secur��y �ns�rum�n�. Borrower can cu�e such a default and s �f�ccel�ra�ian has
<br /> occurred, r�instat�as prauided in Sectian I9, by caus�n� the ac�ion or proc�ed�n� �o be dismissed with a
<br /> ru�in� �ha�, in Lender's judgment, preciude� f�rfeiture of the P�-�perty or��hex�na��r�al impairmen�o�
<br /> Lender's interes� in t�e P�-operty or r�ghts under this Se�u�-z�y �n��ru�nen�. T�e pr�ceeds of�ny au�azd o�-
<br /> cla�m for dam��es �ha� a�-�attr�butable to the �mpa��-men� af L�nder's int�re�� in�h� Property a��e hez-eby
<br /> ass�gned and shall b� paid to Le��der.
<br /> A�� Mi�cella��eous Pzoceeds that ar�not app�ied �o restorat��n az- ��epa�r a#�the Propert� shall be a�p�x�d �n the
<br /> orde��prav�ded foz ir� Se�;t�on?.
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