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2� 1 ��8552
<br /> sat�sfact�on, provided that such �nspec�ian sha11 be under�aken promp�iy. Lender may pay for the r�pa�rs
<br /> and r�st�ra��on in a srngle disbursem�nt or in a series of progress paym�nts a��he work is cornp�eted.
<br /> Un�ess an agreement is rnade in�vr�ting ar App�icable Law requires�n.terest to be paid on such
<br /> M�sce��an�ous Proceeds, Lender�ha1l n�t he r�quir�d�o pay B�rrawer any in�erest or earnings on such
<br /> Mzs�e�lane�us Proceeds. If the restoration�r repa�r is not e�anomically feasib��or Lend�r's securi�y u�ou�d
<br /> be�essened, the Misce�laneaus Pr�ceeds shall be app�ied�a the sums secured�y this 5ecur��y ��strume�t,
<br /> ❑vh�ther or n�t�hen due, w�th the excess, �f any, pa�d�o Borrou�er. Such Miscel�an�ous Procee�s �hal�be
<br /> appl��d�n�h�order pro�rided for in Section 2.
<br /> In�he event of a�a�al �a��ng, des�ruc��on, or�oss �n va�u�of the Prop�r�y, �he M�s�e��aneous Pr�c�eds shal�
<br /> be app�i�d to the sum� secure�.by�h�s Se�ur�t�r �ns�rument, v�r�ae�h�r or nat then due, wi�h the e�cess, if any,
<br /> paid ta B�rrower.
<br /> In�he event�f a par�ia� takin�, �.estru�tion, ar��ss �n va�ue of�he Prop�rty�n which the fair marke��alue af
<br /> the Propert� imm�diat�ly before th�par�ial ta�ing, des�ruction, or Ioss in va�u�is equal to�r greater�han the
<br /> arnount�f�he sums secur�d by�h�s Security Instrum�n� immedia�ely before�he par�ial �aking, des�ruct�on, or
<br /> �oss in va�ue, un�ess Barrower and L�nder�ther�rise agr�e in wri�ing, the sums secured by th�s Security
<br /> �nstrument sha�x be reduced b�the am�un�of�he Mis�el�ar�eous Prac��ds mu�tip�ie�by�he fo��o�ing
<br /> frac�ian: �a}the t��aX amvunt af th�sums se�ure�. imm��.iate��before the partial ta,k�ng, des�ructian, or loss
<br /> in value di��ded by�b} the fair marke�va�ue of the Prnper�y�mum�diat��y�efor�the par�ial taking,
<br /> destruction, �r�ass in�a�ue. Any ba�.anee sha��be pa�d to Borrower.
<br /> In the even�af a partia� �ak�ng, destruction, or loss in�a�ue of the Praper�y�n wh�ch�h�fair market�a�ue af
<br /> �he Property�mmediate�y before the partia� tak�ng, destructi�n, or Ioss in value is less�han the amount of th�
<br />� sums secured immedxate�y before the partra� �aking, �.�s�ructi�n, ar loss in�alue, un�e�s Borro�ver and
<br /> Lend�r oth�r�vise agree xn writtng, the Mxsce��aneou� Proceeds sha��be applied t�the sums secured by th�s
<br /> Securi�y Ins�rument whet.her or no��he�ums are�hen due.
<br /> �f the Property is abandoned 1�y Borro��r, ar if, af��r no�ic�by Lender to Barrawer that th��ppos�ng Par�y
<br /> �as�ef�ned in��e nex�sentence}of�ers�o mak�an award�o s�ttle a c�aim f�r damages, Borrower fails to
<br /> respand to Lender w�thxn 34 days af��r the date the natice is g��en, Lender is author�zed to collect and apply
<br /> the Miscellaneaus Pro�eeds e�th�r to res�ora��on or repa�r of�he Prop�r�y or ta the sums secur�d by this
<br /> Securi��Ins�rumen�, �vhet�er or nQt then due. "�ppas�ng Part�r" m�.eans�h�th�rd party that awes Borr�wer
<br /> IV��sce�ianeaus Pr�ceeds ar the party aga�n��whom Barrawer has a right of act�on in r�gard to M�sce��aneous
<br /> Proceeds.
<br /> �orrower sha���e�n defau�t if any act�o�.or prnc�eding, whether c�vil�r�rimzna�, �s b�gun that, in Lender's
<br /> judgment, cauld resu�t �n f�rf��tur�of the Praper�y�r o�her ma�er�a� �mpa�rment of I�end�r'�interest in the
<br /> Proper�y�r r�ghts under th�s S�cur�ty�nstrument. Borr�w�r can cure such a defau�t and, if acc�Iera�ion has
<br /> oc�urred, re�ns�ate as pravided in Section �9, by causing the action or pro�eeding�o be dismissed w�th a
<br /> ru��n.g tha�, in L.�nder's judgmen�, preclud�s farfeiture of the Proper�y or ather mater�al impairmen�of
<br /> Lender's interest in�he Proper��or rights under th�s Security Instrument. The pr�ceeds of any award or
<br /> c�aim for damages tha�are attri�utable to the impairment�f Lender's interes�in the Proper�y are hereby
<br /> ass�gned and sha11 �e paid to L�nder.
<br /> A�1 Miscel�aneous Proc�eds that are nat app��ed�a res�oration nr repa�r of�he Prflper�y sha11 be applied in the
<br /> order provid�d for in Section�,
<br /> N�BRASICA-Single Family-Fannie Mael�reddie Mac tJNIF�RM INSTRUMENT Form 3028 1101
<br /> VMP� VMPfi{N�)(13��f
<br /> Wolters K[uwer Financial 5er�ices Pac�e 10 af�7
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