2� 1 ��7���
<br /> satisfa�tian, provided�hat such inspection sha��be under�aken promp��y. L�nder may pay far the repairs
<br /> and restoratian in a single dis�ursement or in a series of progress paymen�s as the wor� is c�mpleted.
<br /> Unless an agre�men� is made�n vvriting or Applica�I� Law requires �nteres�to�e pa�d an such
<br /> M�sce�laneous Proce�ds, Lender shall not b�required�o pay Borrower any �nterest or earnings an such
<br /> Miscel�ane�us Proce�ds. If�h�restora�i�n or repair is not ec�n�m�cally feas���e or Len�er's se�urity would
<br /> be Iessened, the Mis�el�aneaus Proceeds shall be applied to the sums secur�d�y th�s S��urity In�trument,
<br /> whe�her or nat then due, �vi�h the excess, �f an�, pa�d to Borr��ver. Such Miscellaneous Proceeds shaii be
<br /> appl�ed in the Qrder prov�ded far in Sec�ion 2.
<br /> In the even�of a to�al taking, destruction, or loss in value af�he Property, the Misc�llane�us Proceeds sha1l
<br /> be app�zed to�he sums secured by this Security Instrument, wh�ther nr not th�n due, w�th�he ex�ess, zf any,
<br /> paid tfl Borrower.
<br /> �n�h���ent of a par�xal taking, destru���on, or loss �n�alue af�he Praper�y in which the fair market va�ue af
<br /> �he Property�mmed�ate�y�efor�the par�ia� takzng, destruction, or loss in value is equal ��or grea�er�han the
<br /> amount af�he sum� secured by this Securi�y �nstrument immediately b�f�re the partial taking, destruction, �r
<br /> �os� �n value, unless Barravver and Lender a�herw�se agree in u�rit�ng, the sums secur�d by�hzs Secur��y
<br /> �ns�rumen��ha11 be reduced by �he arr�aun�of the Misce�laneaus Proceeds mu��ip�zed�y the fo�lowin�
<br /> frac�ian: �a} �he total amaunt of the sums secur�d immediate��befor�the par��a� �ak�ng, destruct�on, or l��s
<br /> in value di�ided by tb} the fair market va�ue of the Pr�pert�r �mmedia�e�y bef�re�h�partia� �aking,
<br /> des�ruction, or��ss�n va�ue. Any balan�e shall be pa�d�o Borrovver,
<br /> �n the e�ent of a partia� taking, d��truc�i�n, or lass in va�ue af the Propert� in�vhich the fair marke�value of
<br /> the Proper�� immed�ately before�he par�ial taking, destruetion, or I�ss in value is Iess�han�he amoun�of�he
<br /> sum� secured immediately before the partia� �aking, d��truction, or�oss in�alue, un�ess Borra�ver and
<br /> Lender otherwise agree in writ�ng, �he Miscel�aneous Prace�ds shal� be appi��d�o�he sums secured by this
<br /> �ecurit� �nstrument whether or no�the sums are then due.
<br /> �f the Property �s abandflned�y Barrawer, or xf, after n�t��e by Lender�o Borrower that th��ppasing Party
<br /> �as de�ined�n the ne�t sen�ence} affers tn mak�an award ta s�ttle a claim f�r damages, Borrawer fai�s to
<br /> respond tQ Lender within 30 days af�er the da�e the nat�ce is given, Lender is authorized�a co�Iect and appiy
<br /> the M�scellaneous Proceeds either ta restoration ar repair of the Proper�y ar to the sums secured by th�s
<br /> Securi�y Instrument, v�he�her or not then due. "�pposing Par�y" mea.�s the thzrd party�hat owes Barrower
<br /> M is�el�an�ous Proceeds�r the party against ti�vhom Borr�ti�er has a ribht of action in regard t� M i�cellane�us
<br /> Proceeds.
<br /> Borrower sha�� be in defau�t if any action�r prace�ding, whether civil ar criminal, is begun that, in L�nder's
<br /> judgment, cauld result in forfeiture af the Prflpert�or o�her material impairment nf Lender's �n�erest�n the
<br /> Proper�y or righ�s under�his Security Instrument. Borr�wer can cur�such a�.efauit and, if acce�erat��n has
<br /> occurred, reinsta�e as pravided in Section 19, by causing the ac�ion or pr�ce�d�ng to�e dismiss�d tivith a
<br /> ru�ing�hat, in Lender's judgmen�, precludes forfeiture of the Proper�y or other ma�erial impairment�f
<br /> Lend�r's interest �n the Praper�y or rights under th�s Securzty �nstrum�nt. The pr�ceeds af any award�r
<br /> claim for damag�s that are a��ributab�e to�he�mpairme�t af Lender's int�r�st �n the Pr�per�y are hereby
<br /> ass�gned and sha�l be paid ta Lender.
<br /> A1� Miscellane�us Proceeds�hat are not app�ied to rest�ratifln or repa�r of�he Property shall be appiied in th�
<br /> arder provided for in Sect�on�.
<br /> N�BRASICA-Sir����Family-Fannie MaelFreddie Mac UNIF�RM�NSTRUM�NT Fvrm 3n28�1�1
<br /> VMP d VMP6�NEy 4�3Q2y
<br /> Wolters KIuwer Fi�ar�cial 5er�ices Page 1❑of'�7
<br />
|