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2� 15�8599 In the event of a partiai taking, des�ruction, or loss in�a1ue of the Praperty in which the fair market va�ue of th�Pr�pex-�y immedia�ely before the part�a�taking,destruction,or Ioss in vaiue is�ess than the amount af the sums secur�d immediately bef�re the partial#aking,destruction, or�oss in value,unless Borrower and Lender otherwise agree in writing, the Misce��aneous Proceeds sha�l be applied ta the sums secured by this Security Instrumen�whe�her ar not the sums are then due. If the Property is abandoned by Borrower, or if, after notice by Lender to Borr��er that the�pposYng Party(as defined in the next sentence}offers to make an a�vard to settle�.claim for damages, Barrower fails to respond to Lender within 3U days a#�er the date the notice is gi�en, Len�ler is authori�ed to collect an�app�y the Miscell�neous Proceeds e�ther to restoration or repair of the Property or to th�sums secured by th�s Security Instrument,whether or n.ot then due. "�ppos�ng party"means the third party that o�es Borro�ver 1V�isce�laneo�s Proceeds or t�.e party ag�inst�vhom Borro�ver has a right of a�t�on in regard to Miscel�an�ous Pr��eeds. Borro�uer shall be in default if any action or proceeding,tivhether civ��or crim�nal, is begun that, in Lender'�judgment, could result in forfeiture of the Property or other materia�impairment of L�nder's interest�n t�e P�operty or rights under th�s Security�nstrument.Bvrr�wer can cure su�h a defau�t and, if acce�eration�ias accurred,reinsta.te as pro�ided ir�Section �S,by�ausing the action or proce�ding to he dismissed with a ruling that,in Lender's judgmen�,prec�udes forfeiture of th.e Proper�or other rr��.terial impairment of Lender's interest in the Praperty or rights under this �ecurity Instrument. The praceeds of any a�uard ar claim for damages that are attributa.ble to the impairment of Len�ler's interest in the Propert�are hereby assigned and shai�be paid to Lender. All Miscellan�ous Proceeds that are not appt�ed to restoration or repair of the Prop�rty s�a�1 be applied in the order pr�vi�ied for in Section 2. �1. B�rrower Not Re�eased;For'�earanc��3y Lend�rh�ot a Vlfai�er. Extension of the time for payment or modification of amortization of't�e sun�s secured hy th�s Secu�ri�Instrument granted by Lender to Borrower or any Successor in Interest of B�rr�wer s�all not o�aerate to release the Irab�lity of Borrov�er or any Successors in Interes�of Borrower. Lender shall n�t be required to commence pro�eedings against any Successor�n Int�rest of Borrower or to refuse�o extend�ime for payment or otherwise modify amortizat�on af the sums secured by this Security�nstrument by reason of any demand made by the original Borrower or any Su�cessors in Interest of Borra�er.Any forbearance by Lender in exer�ising any right or remedy including,without��mitation, Lender's acceptanc�af payments from third persans, entities or Suce�ssors in�nterest of Borrower or i�amaunts�ess than the amount then due, shall aot be a vvaiver of ar preclude the e�ercise of any right or remedy. �l�. Joint and Se�era!Liability;�a-sigr�ers;5uccessorsand Assigns8ound.Borrower co�enants and agrees�hat Borra�ver's obligation�and liability sha�l be joint and se�eral. Hawever, any Borrower who co-signs th�s Security Instrument but does t�ot execute the Note{a"co-signer"}; �a}is co-signing this S�curity Instrument on1�ta mortgage,grant and convey the co-signer's interest in the�roperty under the terms of this Se�urit��s�t�ument; �b}is not p�rsonally obligated ta pay the sums secure�by t�iis Security �nstrume�t;and(c}agrees that Lender and any ot�er Bo�rower can�g�ee to extend,modif�, forbear or make any accommodations�rith regar�t��he terms of tbis Security Instrument ar the Nvte w�thout the ca-signer's consent. FHA�eed af Tnsst With MERS-NE 9134i24�4 8ankers Systems=� VMP� VMP4N(NE}(15�fi).40 Wafters Kluwer Financial Senrices Page 1 U of 17 qQ334S95��a ��33 32� 1�17