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2� 1 ��5398 In the event of a partial taking,destruction,or loss in�a1ue of the Property in vvh�ch the fair market value of the Prflperty immediatel�bef�re the partia�ta.king,destruction,or 1�ss in�alue is less than the amount�f the sums s�cured immedia�el�befare the part�al taking,destruction,or loss in value,unless Barrower and Lender�therwise agree in vvriting, the Miscellaneous Proceeds sha11 be applied to the sums secured b��his Security�nstrument whether or not the sums are then due. If the Prope�ty is abandaned by Borro�ver, or if,after notice by Lender to Barrower that the Qpposing Party�as defined in the next sentence)affers to make an award to settle a claim for damages, Borrflvver fails to respand to Lender vvithin 30 days after the date the not�ce is g�ven,Lender is authorized to�ollect and apply the Miscellaneous Proceeds either to r�staration or repair of the property or to the sums s�cured by this S�curity Instrument,whether or not then due. "�pposing Party"means the th�rd party that owes Borrower Misc�llaneous Froce�ds or the party a�ainst whom Barrower has a right of actian in regard�o Miscel�aneaus Proce�ds. Borrower shall be in default if any action or proceeding,whether civil or cr�minal, is begun that, in Lender's judgment,could result in forfeiture of the Property or other materiai impairment of Lender's interest�n the Property or rights under this�ecurity Instrurnent,Bonower can cure such a default an�., if a�celeration has�ccurred,reinstate as pr��ded in Section �8,by causing the action or proceeding to be dismi�s�d with a ruling that, in L�nder's judgment,precludes forfeiture af the Praperty or other material impairment of Lender's interest in the Property or rights under this Security Instrument. The proceeds of any award�r claim for damages that are attributable to the impai.rment�f Lend�r's interes�in the Property are hereby ass��ned and sha1l be pa�d to Lender, A11 Mis�e�laneous Proceeds that are not applied to restoration ar repair of�he Property sha11 be applied in the order provided f�r in Section 2. �1. Borrower Nat Rel�ased;F�r�earanceBy LenderNot a Wai�er. Extension of the time for paym�nt ar m�d�f catian of amartization of the sums s�cured by this Securit�Instrument granted by Lender to Barrawer or any Successor in Interest af Barrovver sha11 nat operate ta release the �ia�ility vf Barrower or any Suceessors in Interest of Borrower, Lender sha11 not b�required to commence proceedings against any Successor in Interest af Bonower or to refuse to ea�tend time for payment or otheY-�vise modify amortization af the sums secured by this Security Instrument by reason of a�ny demand made by the original Borrower or any Successors in Interes�nf Borrovver. Any forbearance by Lender in exercising any right or remedy including,without limita.tion, Lender's accepta.nce of p�.yments from third persons, entities or Successors in Interest of Bo�ravver or in amaunts 1es�than the amaunt then due, shall not be a wa�ver of Qr preclude the exerc��e of any righ��r remedy. '17. Joint and Se�eral Liability;Co-signers;Successorsand AssignsBound.Bono�ver co�enants and agrees that Bono�ver's ob�igations and liability shall be joint and several. Howe�er,any Borrovver tuho co-signs this Security Instrum�nt but does no�execu�e the Note(a "c�-signer"}: (a}is co-signing this Se�urity In.strument o��y to mortgage,grant and convey the ca�-signer's inter�st��the Property�.n�er the term�of this Security Instrument; (b}is not personally obligated to�ay the sums secured by this Security Instrum�nt;an�(c}agrees that Lender and any other F3orrower can agree to ext�nd,madify, forbear or make any accammodations wi�h regard to the terrns of�his Security Instrument or the Note without the co-s�gner's consent. FHA❑eed of Trust With MERS-NE 9/30/2414 Bankers SystemsTM VMP� VMP4N(NE�[15a�).DO Wolters Kluwer Fina�cial ServiGes Page 1�of 17 q�3359U�3143 4Z33 419 1417