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2� 15�8775 In the e�ent of a part�ai t�king,d�struction,or toss in�alue o#'the Property in which�he fa�r�narket value of the P'roperty immediately before the partial taking,destructYon,or lass in value is less than�he amount of the sums secured imixn.ediatel��fore the partial taking,destructio�,or loss in�alue,u�iess Borrower and Lender otherwise agree in�vriting,th�MisGellaneous Pro�eeds shal�be app�ied to the sums secured by this SecurFty Instrument whether ar not the sums are then due. If the Property is abancioned by Borrower, or if,aft�r notice by Le�der to Borrovver that the Dpposing Party�as defined in the next senten�e}off�rs to make an award to sett�e a claim for damages,Borrower fails to respond t�Lender�vithin 3�days after the date the notice is given, Lender is author�2�d to�oll�ct and apply the Miseellane�us Proc�eds�ither to r�storation or r�pau-of th�Prapert�or to the sums secured b�this Security Instrument,tivhether or n�t then due. "�ppos�ng Party"means�he third par� that owes Barrower Miscellaneous Praceeds or t�.e party against wham Borrower has a right of action in rcgard to Miscel�aneous Praceeds. Barro�ver shall be�n default if any action or proceeding,�vhether civxl or criminal, is begun that, in Lender's�udgmer�t,could result in forfei�ure af the Property or other material impairmen�of Lend�r's interest in the Property or rights under th�s Security Instrument. Borro��er can eure such a default and, i�' accelerati�n has accurred,reinstate as provided i�Section 18,by causing the action or proceeding to be dismissed with�.ruling that, in Lender`s judgment,precludes farfeiture of the Pr�perty or other material impairment of Len�ier's interest in the Property ar rights under this Security Instrument. The praceeds of any award or cla�m for damages that are attributable to the impairment of Lender's interest in the Praperty are h�reb�assigned and shall be paid�o Lender. All Miscei�aneous Pro�eeds that are no#app�i�d�a restorat�on or repair of the Property sha�l be applYed in the arder provided for in Sectian�. 'I 1. Bvrrower Not Released;ForbearanG�By Let�derNot a Waiver. Exten�ion of�h�time for pa�ment or m�dification of amortization of the sums secured by this Securit�Instrument granted by Lender to Bonower ar any Successor in Interest of Borrawer shall not aperate to release�he liability of Barrower or any Successors in Interest of Borrower, Lender shall not be required to commence proceedings against any Suc�essor rn Interest of Barrower or to refuse�o extend time for payment or other�v�se mo�ify amortization of the sums secured by this Security l�nstrument by reason af any demand made by the or�ginal Borrov�er ar any Succ�ssors in Interest of Borro�v�r, Any farbearance by Lender in exercising any r�ght or remedy including,�vithout limitation, Lender's ac�eptance of pa�ments fram third per�ons, entities or Successors in Interest of B�rrower or in amaunts�ess than the amount then due, shall not be a t�aiver of or preclude the exercis�of any right or remed�. "��. Joint and Several L��i�ity;�v-s�gn�rs;Suc�essorsan�As��gns Bo�nd.Borro�ver covenants and agrees that Barrower's obtigations and liabi�ity shali be joint and several. Ho�ve�er,any Borrower��vho co-signs this Security Instrument but does not execu�e the Note(a"co-signer"}: �a}is co-signing this S�c�rit�Instrument on�y to mortgage, grant and con�ey t�.e co-signer'�interest in the Praperty un�.er�he terms of this Security Instrument; �b}is not personal�y obl�gated to pay the sums secured by this Secur�ty Instrument;and�c�agrees that Lender and any other Borrawer can agree to extend,modify, f�rbear ar make any accommadat�ons tiv�th regard to the terms of this Security Instrument or t�he Note vvithout the co-signer's coa.sent. FHR Deed of Trust With MERS-NE 9l34I201� Bankers 5ystemsTM VMP� VMP4N[NE)�1546}.�Q W�iters Kiuwer Financial 5en►ices Page 9�af 17 q�33484�a57� D233 759 1�17