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2� 1 �� 181 � In the event of a part�al#a.king,de��ction.,ar�Qss��.value�f the I'roperty in which the fair mark�t �ra�ue of the Praperty immediate�y before the partial t�.k�ng,destruction,or los�in�aal�.e is less t�xan th� amvunt of th�sums secured immed�ately before the partia�taking,d�struction,ai lass in va1u�,unless Borrower and�ender oth�nvise agree in writing,the Miscellaneous F�oceeds s1�a11 be app��ed ta the s�n1s secured by this Security instrument wh�ther or not the sums are then due. If�he Proper�y is abandaned by Borrawer,or if,a�er notic�by Lender ta Borrower that the�ppasing Pa.rty��s de#"ined in the��xt sent�n�e}offers t�mak�an ativard ta settle a claim for damages,Borrawer f�i�s to respond to Lender within 3Q days a#�er the date�h�no�iG�is gi�en,Lender is authar�zed to collect and apply the Miscellaneou�Prviceeds��th�r to re�toration.or repair v�t�e�ro�ert�r o�to��he su�s secured by this Security Instrument,�rhether or not then due. "�pposing Party"means the�hird par� that ov�reS Barrov�er 11��scellaneous Proce�ds or t�e pa�`(.y again.st��hom BQ�ovver'has a right of action in regard�a Miscellaneous Proceeds. Barrower sh�11 be in default if any action or proceeding,wheth�r civil or criminal, is begun�hat, in Lender's judgment,could resuit�n f�rfeiture of the Praperty ar other material impairmen�of I�ender's interest in the Property ar righ�s under this S�curit�r Inst�ument. Borrower�an cure such a default and, if acceleratioa has��urred,reinstate as�rvvided�n Se�tion.l8,�y causing the a��ron or proceeding to be dismissed with a ruling that,i�n Lender's judgment,preclude�forfeiture of the Property or other material impairment of�,ender's inte�es�t�n the Prop�rty or rights under this Sec��ty Instrument.'�h�e pro�eeds of any award�r claim for damages that are attributab�e�o the impai.rment of Lend�r's intere�t in the Praper�y are hereby assigned and shal�be paid ta Le�ader. All Miscellaneous Proceeds that are not applied to restoration ar repa�.r of�he Propear�y s�.atl be app�ied�n the order pravided f�r��.Sec�ion 2. �I�I. BorrowerNot Released;ForhearanceBy 1.enderNot a Vllai�er. Extension of the time far payment or modification of amor�ization of the sums secured by this Security Instxument granted by Lender to Borrotiver or any Suc�essor in Interest of Barrower shall not operate to release th�l�ability of Borrower or any Succes�ors in Interest of Borro�ver. Lender shall not be required t�commence pro�ceedings a�ainst any Successor in Interest of Borrotiver or�ta refuse to exte�d time for pa}�ment or atherwi�e m�dify am.o�rti�ation of the sums secured by this�ecurity Instrument by reason af an}�demand made by th� origina�Borrawer or any Successors�n Interest of Borro�r�r.Any forbearance by Lender in exercising any right Qr rem�dy including,without limita�ian,Lender's acc�ptanc��f payments frarn thi.rd persons, entities or Su�cessors in Intere�t of Bortower or in amounts less than the amount then due, sha11 not be a waiver of or preclude the e�ercise of�ny right or remed�. �I2. Jvint and Seueral Liabi��ty;�o-signers;Successorsand AssignsBound.Borr��ver co�enants and agrees that Borrower'�obligations and liability shall be joint and severa�, Ho�ve�er,any Borrower who co-signs this Secur�ty Instrument b�t daes not execute the No�e(a"co-sign�r"): �a)is co-signing t�is Security Instrume�t only tQ mor�gage,grant and con��y the c�-signer's interest in the Property un.der the terms of this Security Instrument;�b)is not persona��y obligated to�ay the sums secur�d�y th�s�e�urity Instrument;and(c}agrees that Lender and any other Bonow�r can agree to extend,modify, forbear ar make any a��ommvdations tivith r�gard tv the t�rms of this Security In.st�ument ar the�ate�vithout the co-signer's consent. FHA Deed of Trust With MERS-NE 9l3qI2D14 6�nkers 5ystemsTN+ VMP� VMP4N(N�}(15�fi�.04 Walters I{luwer Financiai Services Page 14 of 17 q43351694219 ��33 293 1417