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<br /> satisfaction,provided that such inspec�ion sha�l be und�rtak�n prompt��. Lender may pay for the r�pairs
<br /> and restoration ua a single disbursemen�ar in a series of progress payments as the work is comple�ed. .
<br /> Unless an,agreement is made in.v�riting or App��cable Law requires interest to be paid vn such
<br /> Misce�laneous Praceeds, L�nder sha.11 not be required to pay Borrower any interest or earn�ngs vn such
<br /> Mxscellaneaus Proceeds. If the restorativn or repair is not economi.ca��y feasi�le or L�nder's security wauld
<br /> be��ssened, the Miscellaneous Praceeds shall be appZied�o�he sums secured by this Security Ins�rum�nt,
<br /> vvhether�r not then due, VLrl�l����C�55, if any, paid to Borrawer. Su�h Misc�llaneous Proceeds shal�be
<br /> app�ied in�he order pro��ded for in Sectian 2.
<br /> In.the ev�n�of a tata�taking, destruction, or Z�ss in�a�ue of the Property, the Misce�lat�eous Proceeds shal�
<br /> be applied to the sums secured by this 5ecurity Ins�rument, whether or not�hen due, v�i�h the exc�ss, if any,
<br /> paid to Borrowe�. �
<br /> In�he event of a par�ial taking, destruction, or�oss in Wal.ue nf the Property in which th�f��r market�ralue of
<br /> th�Prflperty immediately before the partial�aking, destruction, or�oss i�n value is equal t�or greater than tlie
<br /> amount of the sums secured b�this S�curity Ins�rument immediatel�l�efvre th�partia.�tak�ng, destruction, or
<br /> �oss in value, unless Borrower and Lender othervwxse agree in wri.ting, the sums secured�y thxs 5ecurity
<br /> Instrument shall be r�duced by the amount of the N�isce�l aneous Proce�ds mult�plied b�the following
<br /> fraction: �a}the tota� amount of the sums secur�d immediate�y�e�ore the partxal t�king, destru�ctian, or loss
<br /> �n value divided�y tb}the fair marl��t value vf the Property imm�diate���efor�the partial tal�ing,
<br /> destructian, or loss in va�ue. Any balance shal.�b�paid to Borrower. .
<br /> In the event vf a partial taking, destruction, ar lass in value of�the Prop�rty in which the fair marke�va�ue af
<br /> the Property immedxate�y befare the par�ial taking, destructi�n, or�ass in value is less than the amoun�of the
<br /> sums s�cur�d immedxatel�before the partiai tal�ing, destruction., or loss in va.�ue, unless Borrov�er and
<br /> Lender- otherwis�agree in writing, the Miscellaneous Proce�ds sha.I�be applied to the sums secured by thi�
<br /> 5ecur�ty Instrument�vhether or na�the sums are then due. ,
<br /> If th�Property is aba.ndaned�y Borrow�r, or if, after natice�y Lender to B�rrower that the�ppasing�arty
<br /> �as defined in the next sentence} offers ta make an av�ard to s�ttle a claim f�r damages, Borro�ver fai�s to
<br /> respond to Lend�er vvithin 3�days after the date the notice is given, Lender xs authorized to�ollect and appl�r
<br /> the Miscellaneous Praceeds�xther to restorati�n or repair of the Property or to the sums secured by this
<br /> Se�urx�ty Instrument, whether or not th�n due. "�ppas�n�Party" means the third party th.at owes Barrvwer
<br /> Miscellaneaus Proceeds or the party against wham Borrower has a right�f a�tion�n regard to Misce��aneous
<br /> Praceeds.
<br /> Borrower sha11 be�n default if any actzon or praceeding, whether civi�or criminal, is b�gun that, in Lender's
<br /> judgment, could r�sult in forfei�ture af the Property nr other material impa.irment vf Lender's interest in the
<br /> Property or rights under this S�curity Instrument. Borrow�r can�ure such a d�fault and, if acceleration has
<br /> occurred, reinstate as provided in S�ctian 19,by causing the ac�ion o�proc�eding.to be dismissed with a
<br /> ru�ing that, in Lender's judgment,pr�cludes forfeiture af the Property or other materiai impairment of
<br /> Lender's int�res�in the Prnperty or rights u.nder th�s Security Instrument. The proceeds of any award ar
<br /> claim for damages that are attributab�e to�he impairment of Lender's interest in the Praperty are hereby
<br /> assigned and shall b�paid to Lender. ,
<br /> A11 Miscellaneous�ro�eeds that are not appli�d to restoration or r�pair af the Praperty sha11 be appli�d in the
<br /> order pravxd�d for in 5ect�on 2.
<br /> N�BRA5ICA-Single Family-Fannie MaeJFreddie Mac UNIFQRM IN5TRLIM�NT Farm 3�28 11D1
<br /> VMP[�] VMPStNEy{i 302y
<br /> Wvl#ers Kluwer Financial 5er�ices Page 1�af 17
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