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2� 1 �� 1542
<br /> sat�sfact�nn, prflvided�hat such insp��tion sha�� be under�aken prampt�y. Lender ma�pay far�he r�pairs
<br /> and res�oration�n a sing�e d��bursem�nt or in a s�r��s of progress payments as �he w�rk�s cnmp��t�d.
<br /> Un�ess an agreement is mad�in wr�t�ng�r Applicab�e Law requires interes�to be pazd�n such
<br /> N�is�e��ane�us Praceeds, Lend�r sha��n�t be r�quired to pay Borr�w�r any interest or earnxngs�n su�h
<br /> Misce��ane�us Pra�eeds. If the restora�z�n or repair is not�canomically feas�ble or Lender's secur�ty wou�d
<br /> be�essened, the M�scellaneous Proce�ds sha��be appl�ed to�he�ums secured by this Security Znstrunzent,
<br /> whe�her ar na�th�n due, wi�h�he e�ce�s, �f an�r, paid�o Borrawer. Such MisCe�lan�aus Proceeds sha��be
<br /> appiied in�he ord�r provzde�for in Sect�on 2.
<br /> �n the��en�of a tntal taking, d�struction, or loss in value�f the Property, the M�scellar�eaus Prnceeds shal�
<br /> he app��e�i�o the sums secur�d by th�s S��uri�� Instrument, �vh�ther�r not then due, w�th�h�excess, �f any,
<br /> pai�.ta Bflrrow�r.
<br /> ���he e�en�of a partia� taking, des�ruc��on, or lass in�alue of the Prop�r�y in whi�h th�fa�r mark�t va�ue of
<br /> the Property xmm�diatel�r bef�re th�par��a� �ak�ng, destruction, or loss �n va�ue is equal t��r grea�er than the
<br /> amount of th�sums secured by th�s Security �nstrument immedia�ely�efare the part�a� taking, des�ruction, or
<br /> lass �n�a�ue, un�ess Borrower and L�nd�r otherw�se agree in writing, the sums se�ured�y�his�ecurity
<br /> Znstrunzen�sha�i be reduced by t��a�naun�of th�M�sce��ane�us Proceeds multiplied by the f����w�ng
<br /> fraction: �a}the�o�a� amount of t�e sums se�ured ir�.�med�a�e�y�efar�the partia��ak�ng, destruct�on, or lass
<br /> in value div�ded by ��} the fair mar�et va�ue�f the Pr�per�y �mmed�ate�y before the par�ial �ak�ng,
<br /> destruction, �r�oss in va�u�. Any ba.lance sha��be paid�a B�rrower.
<br /> �n�he e�ent�f a par�ial�aking, �estruction, or�oss �n va�u��f�he Property in wh��h�he fazr mark���alue of
<br /> the Prop�rty immediate�y before the partia� taking, des�ruc�ion, ar 1�ss in value is �ess�han th�amaunt of the
<br /> sums secured imm��xateiy before t�e par��a� tak�r�g, destruc��on, or loss in value, un�ess Borro�ver and
<br /> L�nd�r otherw�se agr�e�n�vr�ting, �he M�sce��ane�us Prace�ds sha��be app�ied to the sums secured b�this
<br /> Securi�y�nstrument whether or n�t the sums are then du�.
<br /> �f the Pr�p�rty is aband�ned by Borrower, or if, after not�ce by Lender to Borrawer that the�ppos�ng Par�y
<br /> ° �a�de�ned in the ne�t se�tence�affers t�make an award to sett�e a c�a�m for damages, Borrower fai�s ta
<br /> respond to Lender within 34 days after�he date the notice is �i�ren, Lender�s author�z�d to eollect ar�d apply
<br /> the Miscellaneous Pro��eds e�ther�o r���oration or repaxr�f th�Propert�r or to th�sums secured b�this
<br /> S�cur��y �ns�rument, wh�ther or not then�u�. "�ppflsing Party" means the third par�y that ovc�es B�rrower
<br /> Miscel�aneous Pr�ceeds or th�party against wh�m Borrower has a r�ght�f act��n in regard�o Miscellaneaus
<br /> Pr�ceeds.
<br /> B�rrower shall�e�n defaulC�f an�ac�ion ar praceeding, whether c�vil or crimina�, �s begun that, in Lender's
<br /> judgmen�, could resul�in forf�iture of the Proper�y or ath�r ma��r�a� impairmer��of L�nder's �n�erest�n the
<br /> Proper�y ar r��hts under�his Securi�� Zns�rumen�, Borrower can cur�such a d�fau��a.nd, if a��e�era�ian has
<br /> oCcurre�i, reinstate as pr�vxded�n Sect�on �9, by causing the action or proceed�ng to be dism�ss�d with a
<br /> ru��ng that, in L�nder's�udgment, precludes forf�z�ure of the Pr�perty or ather mater�a� impa�rment�f
<br /> Lender's �n�erest�n�he Prop�r�y ar r�ghts under th�s Security Instrument. The proc�eds of any avvard or
<br /> �laim f�r damages tha�are a�tributab�e�o th�impairm�n��f Lender's interes�in the Property are hereby
<br /> assigned and shall b�pa�d ta Lender.
<br /> All Misc�l�aneous Proceed� that are no�app��ed to restaration or repa�r�f the Prop�rt�shall be app�ied in the
<br /> arder pr���ded for ir�Sect��n 2.
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<br /> Wvlters Kluwer�inanciaE 5er�ices Page i��f 17
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