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<br /> rn the �v�nt Qf a total�I�.ing, d�st�-uc�io�, or�oss in�ra.�ue of the Praperty, th�Miscelianeaus Proceeds shali be : �
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<br /> ap���ed�a the sums secured by th�s Security Instrument, v�rhether or not the.�du�, with the excess, if any, paid to = �
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<br /> �n the e�ent of�pazt�al taking, destruction, or loss in�value of the�rapert�r in v�rhich�the fair rnarke#�a�ue of the � �
<br /> Pra e imumediate� b�fore the art�al takin , destruetion, ar loss i�n value is equal.to or greater than th� amount � �
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<br /> of the surns seG�xred by th�s Secuxity I�s�rumen� immedxat�ly before the p�ial taking, deslruc�ian, or loss in � :
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<br /> value,unless �arrovver and Lender��herwise agree in wrzting, th�sum.s secured hy th�s Security�nstrument sha�.l F `
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<br /> he reduced by the amount of the Miscelianeaus Pr4eeeds mu��plied by�he follo�ving �'ractivn:�a}the to�al = _
<br /> amaunt �f the sums secared im7mediate�y befare the partial�ag, destructi�n, or loss in valu�dxv�ded by�b}the � '
<br /> fair marl�et value of the Proper�y immedi�teXy before the partia�ta.king, desfructian, or loss in value. Any Ualance � �
<br /> sha�l be pa�d�Barro�ver. � ;
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<br /> In the event of a partial taking, d�struction, or�oss in va�ue of the Pr�perty �n.which the fair market�ralue of the �
<br /> Prvperty immedxat�ly h�fore the p�rtia�taking, destr�ctia�a, or�oss in value rs l�ss #han the anaou�.t af the sums �
<br /> seeured ux�.�mediately b�fo�e the par�ial ta�king, destructian, or lass in�ra1u�, un�ess Borrawer and Lender -
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<br /> otherwise agree �n�nrrit3ng, the Mi�cellan�ous Pr�eeeds shall be applied�o th�suams secured by this Seeurity � ;
<br /> �ns�rument vvhether or not the sums are then due. �
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<br /> Ifthe Prapert� is abandaned by Barrawer,ar if,aft�r n�ti�e b�Lender to Barrower�.aat#�e�pposing Pa.rly�as � ;
<br /> defined in the ne�t s�ntenee� offers ta mak�an a�var�t� se�tle a eXaim for damages, Boxxovver fai�s to r�spond to
<br /> Lender wit�a�.3 D�ays after the da�e th�na�tee is�xven, Lend�r�s authorized to collect an�d app�y the �
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<br /> -_. Mi��ellaneous Proceeds either to r�s�arativn �r repair o�`the Pr�p�rty or ta the surns secured by thxs Secur�ity � i
<br /> Instn�.nen� whether �r not then �ue. "�pposing Part�" means the third party that ow�s Borrower Miscellaneous
<br /> Proce��s ar the par�y agausst whom Borrower h� a right of aetion in regard to Miscellan�ous Pra�e�ds. ;; �
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<br /> �a�rov�er shall be in�.efau�t if any acti�n or prace��ing, -wh�ther civil or cari�nina�,�s b�gUn that, in Lender's . � ;
<br /> judgment, could resu.l.t in farfeiture of the Prapert�y ar o�her materi�l impaxrment of Lender's interest in the ;. �
<br /> Praperty or rights under�ais Security rnst��nt. Borr�yver can cure such a d�fauit and,if accelerati�n has � ;
<br /> �ccurred, xeinst��� as provid�d in�5ection I9,hy caus�ng the acti�n or proceeding to be dxsmissed wit�a ruling
<br /> that, in Lend�r's�udgmen�, preG��des farfeiture af th� Proper�y or othe�material�mp�.irment of Lender�s in�re$� in .
<br /> the Property ar rights wnder thxs Security Tr�xment. The proceeds af any award�r c�aim for damages �hat are �
<br /> attrihutable �o t�ie im�airment o�'Lender's interest in the P�roperty �re hereby assigned �uad sha]1 be paid to I
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<br /> Lender. � '
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<br /> All Miscellaneaus Proceeds tha� are na� app�ie�1 t�restoration �r repair o�the Property sha,11�e applied in the ;
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<br /> order pr�videc� faX in Section�. � `
<br /> �2. �3orrower Not �i��eased� For�earance B Lend�r Hot a 1�Irai►�er. E�tensxon of th�time for aym�nt or � �
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<br /> moclif catxo�of amortization af the sums secured by thxs 5ecu.�rity Ins�rument gran�ed by L�nder�o Borrower or � '
<br /> any Su�c�ssar in Infer�st �f Borrovaer shall not o�erat� �o release th�liabil�ty of Bonrawer ar a.n.y Successors in f �
<br /> Yn�eres� of Borrov�er.Lend�r shall nat be requu�d ta commen�e proceedings aga�irl.st any 5uccessor in rnterest vf F
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<br /> Borr�wer��to r�fuse to extend�ime far payment or otherwi.se m�dify amorti�atian of the sums seeur�d by this ' �
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<br /> S�curity Instrum��t �y r�as�n of any demand made b�r the origina.l.Borrowe�,ar any Su��e�sors in Ynterest of ; :
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<br /> Borrawer.A�y �orbearanc� b�Lender in��er�i�ing any right or rernedy incl�ding, �rvithout �imitat�on, Lender`s ;
<br /> a�ceptance af paym�nts frQrn�hird persons, �n�i�ies or Successors in Znterest of�orrau�er or in amounts �ess � �
<br /> �han the axnauat then �ue, sha�.l not be a wa.iver af or prec�ac�� the e���rcis�af any rzght�r r�medy. � ;
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<br /> �3. Joint arrd Severa� Lia��lify; Go�igners; Succ�s�ar� and Assigns Bourrd. BoxTa�er���venants and ;: �
<br /> agrees that B��rower's ablig�.�ians a�nd liability sha11 be jaiint a.n.d s�veral. Howev�r,any�orrower who c�-signs �" �
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<br /> this Securi�y Irist�ument bu�does not�xecute the I�ate �a"co-s�gner"}: �a}is ca-s�gning th�s �ecur�ty �nstruxn�nt '
<br /> on1�ta mor�gage, grant and �onvey the co�-signer's interest in�he Fr�per�y und�r the terms�f thi.s Security �
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<br /> Instrument; (b}is nat pers��ally �bligated �a p�� th� su�ms secur�d by�h�is Security rnstrument; and�c}agre�s �
<br /> that Le�der and any ot�i�r Borrov�rer can agree ta extend,modify,for�ear ar mal�e any acc,�mmadati�ns vrrxth
<br /> regard ta the terms of this Securrty �nstrument ar th�Note without fhe co-signer's cansent. �
<br /> NESRASItA�ing�e Fam�y-Fannie MaelF�eddie 3Nac LINI�qRM lH57RllMENT �orm 3�28 11Di
<br /> 11Mp� VMPfi(NE} ��3�2�.Ofl �
<br /> 1Nalters Kluwer Financial Services Page�of t 5
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