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2� 1 ��2198 In the event of a partial taking�destructian,or loss in value of the Froperty in which the fair market �a1ue of the Praperty immediate�y befvr�the part�a�ta.k�n�,destruct�on,ar�oss in�ra�ue�s�ess than t�.e amaunt of th�sum��ecured immedia�ely before th�partial taking,destruction,or loss in value,unless Borravver and L�nder otherwise agree in writing,the Miscellaneou�Proceeds sha11 be app��ed to the sums secured by thrs Security�ns�rument whe�her or not the sunas are then due. If th�Property is abandoned by Borrawer,or if,af�er notice by Lender to Borrower that the�7pposing Part��as def ned�n the next sent�nc��offers to make a.n a�rard t�settle a claim for damag�s,Barrotiver fails to resp�nd to Lender t�ithin 34 days after th�date the notice is given,Lender i�authorized to collect and apply tlae Miscellaneous Proceeds either to re�toration or repa�r of the Property or to the sums secured by th�s �ecurrty Instrument,whether or n�t then due. "�ppas�ng Party"means th�t��rd party tha�ovves Borrower Misce�ianeous Proceeds or�he party against whom B�rr��er has a right�f action in regard to Miscel�aneous Proceeds. ��rrower shall be in default if any action or proceeding,whether civil or criminal, is begun tha�, in Lender`s judgme�.t,cauld result in forfeiture of th�Pr�perty or other material impairmen�of Lender's int�rest i�.t�e Pr�per�Qr rights under thzs Secu��ty��st�ument. Bvrrvtiver can cure su�h a default and, �f acceleration has occurred,reinstate as pr��ided in Section �8,by causing the action or proceeding ta be dismissed with a ruling that, in Lender's judgment,prec�udes forfeiture of the Proper�y or other material impairment vf Lender's�nterest in t�e Proper�y or rights un��r this Secur�ty Instrurnent. The proceeds nf any award ar claim for damages that are attri�uta.ble to the impairment of Lender's interest in the Propert�are hereby as�igned and shall be paid to�ender. A11 Miscellaneous Proceeds that are not appli�d ta restoratian ar repair of the Property shall be app�ied in the ord�r pr+ovided for in Section 2. �I 1. Sarrovr►er Not Re�eas�d;Forb�earan�eBy LenderNot a Waiver. Extension of the time for payme�t or modxfcat�an of amart��atxon of the sums�ecur�d b�t�is Secur�ty In��rument g�-anted by Lender ta Borro�ver or any Succes�or in Interest of Borrotivex sha11 not o�erate to release the liability of Borrower or any Success�rs in Interest of Borrov�er, Lender shall not be required to c�mmence proceedings against any Successor in Interest of$orr�wer or�o refuse to�xtend time for�ayment or otherwrse madYfy arr�ort��a�i��.of th��ums secured by this Sec�..ri�Instrument by reasan of any demand made by the origina��arrower or any Successors in Interest of Borrower. An�farbearance by Lender in�xercising any right or remedy including,without limitat�on,Lender's acceptance of pa�ments from third persons, entities or Successars�n�nterest af Borro�er or�n amaunts�ess than the amoun.t then due, �ha�1�.ot be a waiver of or preclud�the exercise of any right or remedy. '!2. Joint�nd Several Liabiiity;�v-signers;Successars�nd Assign�Bound.Borrower covenants and ag;rees that�ortower's obligations and liability shall be��nt and several. Hawe�er,any Borro�ver`uho ca-signs this Se�uri�y Instrumen�bu�does nat execute the Note�a"co-signer"�: (a}is co-sig�ing this � Secur��y�n��r�.�nen.t on�y to mortga�e,grant and c�nve�the co-signer's interest in th�Propert�under the ter�ns of this Se�urity Instrument; (b}is no�personally obligated�o pa�the sums secured by this Security Instrument;and(c)agrees that Lender�.nd any other$orrower can agree to extend,modify, forb�ar or ma.ke any accomm�dations�Yth regard ta the terrr�s o�'t�xs Secur�ty Inst�urx�ent or the Note�ui�thvut the co-signer's consent. F k►�Deed of Trust�Nith M E FiS-!�� 9I3D12414 Bankers SystemsTti+ VMP� VMP4N�NE}(15U6}.0� Wolters Kf�wer Financial Services Page 1�of 17 �a�3.��ssoss� vz�� 3s9 101�