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� <br /> 2� 1 ��2323 <br /> If the Property is damaged, su�h Miscellan.e�us Proceeds shall be applied to restarati�n�r repair of the <br /> Pro e ,if the rest�ration or re air is econami�ally feasible and Lender's se�ur�ty is nat lessened.During <br /> P rtY , , P , . . <br /> such repair a�d restorat��n period,Lender shal�hav�the right to hold such M�scellaneous ProGeeds unt�t <br /> Lender has had an opportunity to inspect such Prop�rty to ensure the work has been campleted to Lender's � <br /> satisfaction,pro�ided that such inspe�tivn�hall be ur�dertaken promptly.Lender may pay f�r the rep�irs <br /> and restorat�on in a single disbursement ar in a series of pmgress payments as the work is campleted. � <br /> � <br /> Unless an agreement i�made in writing or Applicable La�r re�uires interest to be paid on su�h <br /> Miscellan�ous Praceeds,Lender shall nat be required to pay Borr�wer any interest or earnings on such ��� ; <br /> Miscellan�ous Proceed�.If the restoration or repair is not economical�y feasible or Lender'�security � �� <br /> would be l�ssened,the Miscel�aneous Proceeds 5ha11 be applied ta the sums secu.red by this Security ; <br /> Instrument,whether�r nat then due,with the excess, if any,paid tfl Borrawer. Such Miscellaneaus ' <br /> Proceeds shall be app�ied in the ord�r pro�ided for in Sect�on�. � <br /> , <br /> In the e�ent of a tatal taking,destru�tion,�r�oss in�alue of the Pr�perty,the M�scella.neous Proceeds ' <br /> shall be applied to the sums secured by this Security Instrument,wheth�r ar nat th�n due,with the excess, <br /> if any,paid to Barrower. � <br /> In t�ie e�ent of a part�al taking,destruct�on,ar loss in value of the Property in which t�he fair mar�et�alue ; <br /> of the Pra e imm�diatel befor�the partial taking,destructivn,or loss in�alue is�qual to or greater j <br /> p �Y y , , , . . . . <br /> than the amount af the sums secured by this Secur�ty Instrument�.mmediately befare the partial tal��ng, �.� <br /> destruction,or lo�s in�alue,un��ss Bonawer arid L�nder atherwise agree in vvriting,the sums secured ! <br />. b this SeGurity Instrument shall be reduced by the amount of the Miscellaneous Pro�eeds multipiie�by ' <br /> y � <br /> � <br /> the followin fraction:�a}the totai amo�.nt of the sums secured immediate��before th�partial takir�g, I: <br /> . � . . . . <br /> destruct��n,or i�ss �n value d���ded�by�b}the faur market�alue af the Praperty immediately before the ' <br /> ; <br /> ar�ial takin ,destruction,or lass in�alue,Any�alance shall be paid ta Borrawer. ; <br /> P � , <br /> In the event of a partial talcin�,destruction,ar los�in�alue of the Froperty in wh�ch the fa�r mark�t�alue <br /> of th�Prap�rty immediately before the pat�ial taking,destruction,ar l�ss in�a�ue is�ess than the amoun� � <br /> � <br /> of the sums secured immediate�}�befare th�pa.rt�al taking,destruct�an,ar loss in�a�ue,unless B�rrower , <br /> and Lender otherwise a�e in writing,the N�is�ellaneous Praceeds shall�e a�plied to the sums secured <br /> �y this Security Instrument wh�t,her ar n�t the sums are then due. <br /> If the Pr�perty is al�a,ndoned by Borrawer,or if,a�er notice by Lender t�Borrower that the�pposing � � <br /> Farty�as defined in the next sent�nce}af�ers to make an a�ard to settle a claim for damages,Borrower <br /> fails to r�spond ta I.�ender within 3�days af�er th�date the notic��s given,Lender is authorized ta collect <br /> and apply the M�sc�llan�aus Pro�e�ds eith�r to restar$tian or repair of the Property or t�the sums se�ured <br /> by this Secur�ty Instrument,whether or not then due. "�ppasi�n�Farty"means the t�ird party that owes <br /> Borrovv�r Misce�laneaus Proceeds or the part}�against vvham B�rrawer has a right vf a�tion in regard to <br /> Miscellaneous Froceeds. <br /> Borrower shall be in default if any action ar procee�ing,wh�ther ci�il ar cr�minal, is b�gun tha�,in <br /> Lender's judgment,could result in forfeiture of th�Property�r�ther material impairn�ent of Lender's <br /> � , inter�st in the Property�r rights under this 5e�urity Instrument.Borrawer can cure su�h a default and� <br /> if acceleration has fle.�urred,reinstate as pr��ided in Sectian 1�,by c�using the action or proceeding to <br /> be d�smi�sed with a ruling that,in Lender's jud�ment,precludes forfeiture nf the Proper�y or other material <br /> im a�rment of Lender's interest ir�the Froperty ar right�under this Seeurity Instrument.The procee�s of <br /> P <br /> 114�fi14Q50 <br /> 111i 5 <br /> �� � r <br /> Vllblter�Kluwer Fir�arteial 3ervi�es �D1 Fi44�715.�,0.3112�l2D15�124Y initials: Papv 1 Q of 17 <br /> . <br />