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2� 1 ��4�37 In�he even.t of a partia�taking,de�truction,or Ioss in�a1ue of the Property�n which the fair mark�t value of the Prvperty immedi�ttely before th�paxt�a�ta.king,destruct�fl�.,�r loss in.�a��e is�ess�han the amount of the sums se�ured�mmediat�ly before the partial ta.king,destructian,or l�ss in value,unl�ss Bonower and Len.der other�ise ag�ee in.�iting,�he Misc�l�an�ous�'raceeds shat�be app�i�d to the sums secured by th�s Secur�ty Instrument whether�r not the sums are th�n due. If the Property is abandaned by Borrower,or if,a�er notice by Lender ta Borrower that the�ppos�ng Par�(as de�ned in the n�xt sentence)vffers to make an award to settle a c�aim f�r damage�,Borrower fails to respand to Lender wit�in�Q day�af�er the date th�notic�is given,Lender is authorized tv collect and apply the Mis�et�aneous�'roc��ds�ither to restaration or repair of the�'rap�rty or to the sums s�cured by this Security Instrumenti,whe�her or not then due. "Qppasing Party"means the thud part� that o�ves�orrower M�sce�ta�r�eous Proceeds o�the party against�hom Bo�ower has a right of action i� r�gard ta M�sce��aneous Proceeds. Barrotiver sha11 be in default if any action or proceeding,whether civil or criminal, is begun that, in Lender's judgmen�,could result in fvrfeiture of the Property or other material impai.rment of Lender's interest in the Propert3r ar r�ghts under this Security Instrument. Borrower can cu.re such a default and, if acceleration has ae�urred,reinstate as provided in Section 1 S,by causing the acti�n or proceeding to be d�srriissed�ith a rul�ng�hat, in Lender's judgment,precludes forf�iture of the Property or other material impai.rment pf Lender's inter�st in the Prvperty�r rights under this Securi�y Instrurnent.T�h�proceeds�f any award or clairx�far damages that are attribu�a.ble to the impairment of Lender's interest in the Property ar�here�by assigned and sh��l�e paid ta Lender. All Miscellaneous Praceeds�hat are not applied to restoration or r�pair of th�Praperty shall be a�plied in the ord�r provided for in Section 2. 1'I. Bar�aw�r A�ot Re�eased;Fvrbeara��eBy LenderNot a I�iaiver. Extension of the time �or payment �r modification of amor�izat�on�f the sums secured by this Security Instrument granted by Lender to Borrower or any Successor in Interes�of Borrower sha11 not operate to release the Iiability of Barrower or any Successors in Interest of Borrower. Lender shall no�be required to commence proceedings against any Successor in Interest of Borrower or to refuse to extend time for payrnent ar otherwise modify amvr�ization of the sums secured by this Security�nstrumen�by r�ason of any demand made by the �riginal Borrow�r or any Suc�essors in Interest of Borr�wer.Any forbearance by L�nder in exercising any right or remedy including,withou�tirnitation,Lender's aGcepta.nce of payments from third pers�ns, entities or Successors in Intere�t of B�rrawer�r in amounts less than the amo�.nt then due, sha11 not be a wai��r af or preclude the�xercise af any right or renr�ed�r. 'I�. Jo�nt and 5�v�ral Liability;Ca-signers;5uccessorsand Ass�gns8ound.Barrower covenants and agrees that Borrower`s ob�igat�ons and 1i�.bility shall be joint and several. However,any Borrower who co-s�gns�h�s Secur�ty Instrument but does not execute the Note�a"ca-signer"}: �a}is co-sign�ng th�s S�curity Instr�ument only�o mortga�e,grant and convey the co-signer's interest in the Pr�perty und�r the terms of this Secu.r�ty Instrument;[b}is nat personally obligated to p�y the sums secured by th�s Security I�.�trum�nt;and(c}agrees tha�Lender and any other�orrow�r can agr�e ta extend,modify, forbear or make any accommodations with regard to the tenns af this Security Instrument or the Note wrthout the co-sign�r's consent. FHA❑eed o€Tr�st Wit�M�RS-NE �13412Q14 Bankers SystemsT^++ VMP� VMP4N(N�}('f 5�8).t}t} Vlfv!#ers Kluwer Financial Services Page 14 of 17 q�3354?644�7 �233 58� 1Q17