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2� 1 ��347� In the event of a part�a�takin.g,de�tructian,or loss�n�alue of�he Property in wh�ch the fair market value of the Prop�rty�mmediately before th�partial ta.king,destructian,or loss in value is less�han the amount af the sums secured immediately before the partia�taking,destruction,or loss in value,�nle�s Borra�er and Lender otherwise ag�ee�n writ�n�,the Miscellan�ous Pr��e�ds shall be agplied to th��u�s secured by this Secur�ty Instrument tivhether or no�the sums are then due. If the�rop�rty is abandoned by Barrower,or if,a��r natice by Lender to Borro�ver that th��pposing Par�(as def ned in the ne�t sentence}offers ta make an award to settle a c�aim far damages, Barrower fails ta respond ta Lender within 3�days af`ter th�dat�the notice is gi�ren,Lender is authori�ed to col�ect and app��the Miscellar�eous Pr�ceeds either ta restoratian or repair of the Praperty ar to the�ums secured by this Securit�r Instrun�ent,whether or no�then due. "Dpposing Par�y"means the third par�y that o�v�s Borrower Mi�cellat�eous Pr�ce�ds�r the party against whom Borro�ver has�right of action in regard ta Miscellan�ous Pr�ceeds, Borrower shai�be in default if any ac�ion or proceeding,whether civil or criminal, is begun that, �_� Lender's judgment,cou�d resu��in forfeiture of th�Prop�r�y ar other rnateria��mpaument of Lender"s interest in the Property or rights under this Secu.�'ity Instrument. BorrQwer can cure such a�efauit and, if acceleration has occurred,reinstate as provided in�ection �8,by causing the actian or prviceeding t�he dismissed with a ru��ng that, in Lender's judgment,precludes forfeiture of the Property or other material impairm�nt af Lender's in�erest in the Prvperty or righ�ts under this Secur�t�Instru.rnent.The proceeds of any a�ard or c1a�m for dama�es that are attributabl�to the impairment of Lender's interest in the Propert�are hereb�assig�ed and shall b�paid to L�nder. A11 Miscellaneous Proceeds that are not applied to res�aration or repai.r of the Property sh�.��be applied in the ord�r pra��ded for in Sec�ion 2. �i'I. Bor�rower IVat Released;Forbearan�eBy LenderNot a l�liai�er. Ext�n�ion of the time for paymen.t or modification of amortization of the sums secured by thxs Securi�y Instrument granted by Lender to Bonower or any Successor in Interest of Borro�er sha11 not operate to release the liabilit�of Borro�ver ar any Successors in Interest of Borrower. L�nder sha��not be required to commence praceedings against any Successor in Interest of Borrower or ta refuse to extend time for payment or otherwise modify amartizatian of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or any Successors in Int�rest af Borro�er. Any forbearance by L�nder in exerc�sing any right or remedy including,without limi�ati�n,I�ender's acc�ptance of paym�nts from thir�p�rs�ns, entities or Succes�ors ir�Interest af Borrower or in amounts less than the amount then due, sha1l not be a waiver�f or preclude the exercise of any right or�e�ed�. 'I Z. Joint and Se�eral Liability;Co-�igners;Successor�sand Ass�gns Bound.Borrower covenants and agrees that Borr�wer's obligations and l�ability sha11 be joint and several. However,a�.y Borro�rer who co-signs this Security Instrument but does not ex�cute the Note(a "c�-s��ner"}: �a}is co-signing this Security Instrument only to mortgage,grant and c�nvey the co-signer's interest in the Praperty und�r the terms of this Security Ins�rument;�b}i�n�ot persona�ly o�ligated�o pay th.�surn.s secured by thxs Security Instrument; and�c�agrees that L�nder and any other Borrower can agree to extend,madify, forbear ar make any accommodat��.s�ith regard to the terms of�his Se�urity I�.st�u�nent o�th�Note�ithaut the C�-Sign�'�S C4aseilt. FHA Deed of Trust With MERS-NE 913�12q14 B�nkers SystemsT� VMP� VMP4N�NE�(�5�fi).04 HValters Kluwer Financial Serrrices Page 9�af 1 T q�3357�12473 fl233 3l6 1417