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2� 1 ��837 In the�vent�f a partial taking,des�cuction,or loss in value of the�'roperty in which the fai,r market valu�of the Praperty immediately before th�p�rtial takin�,destruc�ion.,or lvss in value is less than the amount of the sums s�cured immedia�ety before the par�ial�a.king,destruetion,or ioss in val�ue,unless �orrower an.c�Lender otherwise agree in writin�,the Il�isce��aneous I�roceed�sha11 be applied to th�sums secured by this Securi�ty Instrum�nt�vhether ar��t the sums are then due. If the Property is abandoned by Borrower,or if,af�er notice b�Lender to Borrower that the�pposing Party(as defined in the next sentence)offers to make an award tQ sett�e a c�aim for damages,Borrower fails to respond to Lender within 3�days aft�r the date the notice i�given,�ender is auth�rized t�ca��ect a�d app�y the Mi�eltaneous�'roceeds eit�er�o restvration or r�pair�f the 1'rop�rt�or to the sums secured by this Security Ins�rument,whether or not then due. "�.7ppos�ng Party"means the third party that owes Borro�ver Misce�laneous T'roceeds or the party against whom Borrower has a right of action in _ regard to M�scellaneous Proceeds. Barrawer sha11 be in d�fault if any action or pr�ceed�ng,whether civil or criminal, is be�un�ha�,in Lender's judgment,Gould result��forfeiture of th�Prap�rty or ather material impau m�nt o�f Lender's interest in th�Property or rights under this Security Instrument. Borrower can cure such a default and, if acceleration has occurred,reinstate as pravided in Section 18,by caus�ng the action�r proceeding to be dismissed with a ruling that, in Lender's judgment,precludes farfeiture of the Property or other mater�al impairment of Lender's int�rest�n the Property or rights under this Security Instr�ument. The proceeds of any award vr claim for damages that are attributable to the impairment af Lender`s�nterest in the Propext�a�re h.ereb�ass�gned and shall be paid to Lender. All Niiscellaneous Proceeds that are not applied ta restoration or repair of the Property�hall be applied in the arder pro�ided for in S�ction 2. 'I'I. Borrower Not Released;ForbearanceBy Lende�Not a llllai�er. Ext�ns�an af the tim�far paymen� or modifi�ation of amort�zation af the sum�secured by th�s Security Instrument granted by Lender to �orrovver or any Succ�ssor in Interest af Borro�er shall nat aperate to release the liability of��rrower or any Successors in Interest of Borr�wer. Lender sha11 not be required to commence grQceedings against any Successor in Interest of Borr�wer or to refuse to extend�ime for�a}�me�.t or otherwise modify amortiz�tion of the sums secured b}�this Security Ins�rument by r�ason af any demand made by the origina�Borrower or any Successors in Interest of B�rrower.Any forbearance b�r L�nder in exercising any right or remedy inclu��ng��vith�ut l�m�ta��on,L�nder's acGeptance of pa�rnents fr�m third�ersons, entities or Successors in Interest af�arrower or in amounts�ess than.the amoun.t then du�, shall not�e a �vaiver of or preclude the exercise of any right or r�medy. 1�. Joint and Se�erai L�ability;�v-signers;�uccessorsand AssignsBaund.Borrower c�venants and agree�that Borrawer's�bligatxons an��iability shall be joint and several. Ho�vever,any Barrower who co-signs th�s Security Instrum�nt but does not execute the l�ote(a"co-signer"}: �a}is co-signing this Securit�r Instrument only ta m�rtgage,grant and con�ey the co-signer's interest in the Propear�y under�he terms of�his Security Ins�rument;�b}is not personally obligated t�pay the sum�secured�ay this Security instrument;and(c]agrees that Lender and any other Borrower can agree to extend,rnodify,�orbear or ma.ke any accomrriadatio�s with regard to the t�rms of this Security Instrument or the Note without the co-signer's cansent. FHA Deed of Trust W+ttt MERS-NE �f3�f2414 Bankers SystemsT� VMP� VM�4N(NE�{1v08).OQ Wolters Kluwer F�nancial Serv�ces Page 14 af 17 q�33�98441�1 (�23� 385 lUl7