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F 2� 1 ��29�3 In the event of a pa,rtial ta,king,destru�tion,ar loss in value of the Property in wh�ch the fair market value vf the Property�mmediatety befare th�partial taking,destruction,or iass in value�s less than the amount of the sums secured imm�diately before the part�a�taking,destruct�on,or loss in value,unless I�orr�vver and Lenc�er ather�vise agree in�riting,t�.e Miscellaneous Proceeds sha11 be applied to the surns secured by this S�cu.r�ty Inst�ument whether ar not the sums are th�n due. If the Property i�a�andoned by$orro�ver,or if,af�er notice by Lender to Borrower that the�pposing Party(as defined�n the next sentence}offers to make an award to settle a claim for damages,Borrawer fails to respond to Lender wi�hin 3�days after the date the notice is given,Lender is authorized to col��ct and apply the Miscellaa�ous Proceeds e��her to restaration or repair of�he Propert�or to the sums secured by thrs Security Instrument,�vhether�r nat then due. "�ppasing Party"mean�the third party that owes Borrower Misce��aneous Proceeds or the party against whom Barrow�r has a right of a�tion in regard to Miseellaneous Proceeds. Sorrower sha11 be in default if any action ar proceed�ng,whether civ��or criminal, is b��un that, in . Lend�r's judgment,cou�d result in forf�itu.re of the Property vr other materia�impairment of Lender's interest�n the Property or rights under this Secur�ty Insirument. Bono�ver can cure such a default and,�f acceleration has occurred,re�nstate as provided in Sect�an 18,by causing the action or proceed�ng to be dismissed�i�h a ruling that, in Lender's judgment,precludes forfeiture af the Pro�erty or other material impa�rment of Lender's interest in the Property vr rights under this Security Instrument, The pr�ceeds of any award�r clalm far damages that are at�.ributable to�he impaument�f Lender's interest in th� Proper�are hereby ass�gned and shall be paid to Lender. A��Misc�llaneous Proceeds that are not applied to restara.tion or repair of th�Property shall be applied in the order pro�ided far in.Section Z. 11. Barrower hlot R�leased;Fvrbearanc�By LenderNvt a Wai�er. Extens�on af the time for payment or modification of amorti�ation of the sum�secured by this Security Instru�en�granted by Lender ta Borrovver or any 5uccessor in Interest of B�rro�ver sha11 n.ot opera.te to r�lease the liabi��ty af Borrower or any Successors�n Interest af Borrower. Lend�r shall not be requir�d to commence prQceed�ngs against any Success�r�n Inter�st of Borrower or to refuse to extend tim�for payment or otherwise modify amortizat�an of the sums secured by this Securi�y Instrument by reason�f any demand made by the or��na1 Borrower ar any Successors in Int�rest�f Borro�ver.Any forbearan��by Lender in exercising any right or remedy�ncluding,withaut l�mitation, Lender's acceptance of payme�.ts from third per�ons, entities or Successars 1n Interest of Borrower or�n amounts less than the amaunt then due,shai�not be a waiv�r of or prec�ude the exerc�se of any righ�or r�medy. '!�. Joint and Se�rera!L�ability;Ca-s��ner�;Successorsand Ass�gnsBound.Borrower covenants and agrees that Borra��r's obligativns and liabi�ity sha��be joint and several. However,an.y Borro�ver who co-si�ns this�ecurity Instrument but does not execute the Note(a"�o-sigaer"}: �a}is co-51�I11I1�t�11S � Security Instrument only�o mortgage,grant and canvey the co-signer's interest in the Proper�under�he terms of this Security Instrument; �b)is not pers�nal�y ob�igated to pay the sums secured by this�ecurity Instrum�nt;and�c}agree�that Lender and any�ther Barrawer can agree to extead,modify, forbear or make�.ny accommodations�vith reg�,rd�o the terms of this Security Instrument or the Note without the co-signer's consen�. FHA Deed af Trust W�fh MERS-NE 9130lZ�94 Bankers Systems'� VMP� VMP4N�NE}��8}.Q� Walte�Kluwer Financial 5ervices Rage't 4 af 17 q43355z888G5 U233 33� 1�17