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2� 1 ��2595
<br /> If the Property is dama�ed,su�h Mis�ellaneou�Proceeds shalt be app�ied to restoration or repair of the
<br /> Property,if the restnratit�tz or repair is economi�ally feasible and Le»der'S security is nat lessened.Durin�
<br /> such repair and restoratinn period,Lender shai�ha�e the right ta hold su�h Miscellaneous Pro�eeds until
<br /> Lerlder has had an appartunity to inspect such Prnperty to ensure tlie work has been can�p�eted to Lender's
<br /> satisfaction,pro�ided that sucl�inspection Shal�he undertalceri prnmptly.Le�lder may pay for the repairs
<br /> and restoratian in a single disburserneiat ar in a s�;ries of pro�ress payments as the wark is campleted.
<br /> Unless an abreement is made in writin�or Applicable L�w requires interest ta be paid on such
<br /> Miscellaneous Proceeds,L�ncler sl�al�i�nt h�req�iired ta pay Borrawer any tnterest or earnin�,�on�ucl�
<br /> Miscellaneaus Nroceeds. �f the restnratinn or repair is not econamica�ly feasi�l�nr Lend�r's security
<br /> wnuld be lessened,the Miscella��eaus Prn�eeds shall be applied t❑the sums s�cured by this 5ecurity
<br /> Instrumen�,whether or not then due,with the excess,if any,paid to Barrower.5uch Miscellaneaus
<br /> Proceeds shall be app�ied in the ord�r pro�ided far in 5ectian 2.
<br /> ln the event of a tntal taking,destru�tioz�,nr lnss in walue of the Property,the Miscellaneous Proceeds
<br /> shall be app�ied to the sums secured by thi�Sect�rity In�trument,whet���r or pnt then due,with the excess,
<br /> if any,paid t❑Borrow�r.
<br /> ln the e�ent nf�a partial takin�,destructic�rl,or�oss in value ot the Property in whiGh the fair market va�ue
<br /> af the Property immediately be�ore t�le ptirtia�taki�l�,dLStI'�iG�10I1,or lo�s in value is equal ta or�reatt�r
<br /> that�the amount n�'t}le sums secured Uy�this 5ecurily instrutiient.im��zediat�ly bef�r•e t��e partial takin�,
<br /> destructinn,ar loss irl value,un�ess�3orrnwer a�id L�r�der ntherwise a�ree i�l wrizi��g,tlze sut��s secured
<br /> by this 5ecurity t��strument shali be r�duced by the a�nou��t ofthe Miscel�aneous Prnceeds multiplied by
<br /> the fa�lowin�fractint�:(a�the total amount nf�he sums secured immediately bef�re the partial taki���,
<br /> destru�tion,or�oss in value di�ided by�b}the fair market va�ue�f the Property immediately before the
<br /> partial taking,destructian,or loss in�alue.Ai�y balance sha�l be paid�o Bnrrower.
<br /> In the e�ent of a partial taking,destruction,or loss in value of ihe Praperty in whi�h the fair rnarket value
<br /> of the Properry imrnediately before the partial taking,destruction,or l�ss in�alue is less than the amount
<br /> �fthe su�r�s secured im�»ediately b�fore the partial taki���,destructi�lz,or���ss in�alue,unless Barrawer
<br /> and Lender ntherwis�agree�n writing,the Miscel�an�ous Proceeds shall be app�ied ta the sums secured
<br /> by this Security Instr-uzl�cnt whet��er or not the sums are then due.
<br /> If the I'roperty i5 avarldoned by�3��rrnwer,nr if,after r�otice by Lender�o Bnrrower that the�ppt�sin�
<br /> Party�as deti��ed tn t��e ilext�e�7tesYce}n f�-ers tn n�ake a»���ard ta se�tle a c�ai m for daina�;�s,�3orrnwer
<br /> fails to respnnd tn�e33der within 3f)ciay�after t1�E date t��e notice is�i�en,Lender is autharized#o coll�ct
<br /> and ap��y the Miscellanec�us i'ro�eeds either to re�tora�ion or repair of the�raperty❑r to tl�e sums secured
<br /> by this Security l��strumer�t,r�vhcther or nat tl�en clue."�pposin�I'arty"r��easY�th�third party that owes
<br /> Bnrrower Mis�ellancous I'roceeds��r t��G party ag�inst wht�m Bt�r�-t�w���l�as a rig��t of action in re�;ard to
<br /> Miscellar�eous Proce�ds.
<br /> Barrower shall be in default if any�ctioil or proceediilg,whether ci�il or�riininal,is begun that,in
<br /> Lender's jud�ment,Gnuld result irt farfeiture nf tl�e i'roperty❑r nther►naterial impairrnen�of Ler�der's
<br /> intcrest ii�t��e Rr�pe�ty or ri�hts under tl�is 5ecurity lnstrument.Borrower can cure such a default and,
<br /> if accelera�ion h�s oc�ur-red,reinstate a�pr���ided in Secti��n 19,by causin�,the action or proceeciing tn
<br /> be dismis�ed with a ruling that,i��Lender's jud�m���t,preclud�s farfeiture nf the F'rop�rty or❑ther rnaterial
<br /> impairment of Lender's interest in the Pro�erty or ri�;hts under this Security instrument.The proceeds of
<br /> „�s�$zsss
<br /> r}rt�
<br /> VMF�+
<br /> Wofters Kluwer Finan�ial Servi�es 20160�12015.1.0.3112-J2fl151124Y Initials: Page 1�of 17
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