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2� 17��773
<br /> �a��sfac�i�n, prov�ded that such in�pe�t�an sha��be und�rtak�n promptly. Lender may pay far the repa�rs
<br /> and res�ora�zan �n a singi��iis�ursement or�n a series �f progress payments as the wark is c�mp�e�ed.
<br /> Unless an agr�emen� is made in wr�t�ng or Appli�ab�e Law requir�s �n�erest�a be paid on such
<br /> M�sce��aneaus Proceeds, Lender shal� not be required to pay Borrower any interes�ar earn�ngs�n su�h
<br /> M�sce��ane�us Proceeds. �f�he restoration ar repair is n�t�conomicall� feasib�e ar Lender's secur��y would
<br /> b�����ened, the N�isce��an�ous Pr��eeds sha�� be app�ied�o the sums secured by�his Security �nstrument,
<br /> wh�ther�r n�t th�n due, w�th the�xcess, if an�r, paid�o B�rro�ver. Such Misc�Ilaneaus Praceeds sha�� be
<br /> appiied in�h�arder prQv�d�d f�r�n Sec�ion�.
<br /> In the���nt of a�otal taking, des�ruction, or lass in�alue�f the Proper�y, the Misce�lan�nus Proceeds shal�
<br /> be applz��i�o�he sums secured b�this Securzty�nstrum�nt, whether or nat�hen due, wi�h the exc�ss, if any,
<br /> paxd t� Borrower.
<br /> �n th�even�of a par��a� �aking, destruc�ian, or Ioss in vatue of�he Property zn whzch the fair rnarket�al.ue af
<br /> the Praper�y imme�iat�i�r be�are�he partza��aking, des�ruct�on, ar lflss in value�s e�ua� �o ar greater than the
<br /> am�un�of the sums secured b� this Secur�t��nstrumen� immediately before the par�ia� tak�ng, des�ruc�ion, or
<br /> �os� zn va�ue, unless Borr�w�r and L�nd�r o�herwise agree in writing, the sums secured by this ��cur��y
<br /> �nstru�ment shal�be r�duced by the amaun�af�he Miscel�aneous Pr�ceeds multipl�ed by�he following
<br /> fraction: �a} the ta�a� amount�f the sums secur�d �mmed�at��y befaze�he par�ial tak�ng, de��ruc�ion, ar loss
<br /> in value divided by �b� �he fa�r market va�ue of the Prap�rty �mm�d�at�ly bef�re�he par�ial taking,
<br /> destruction, or�oss in value. Any ba�ance sha�l be paid t� Borraw�r.
<br /> �n th�event nf a par�ial taking, d�struct�an, ar�oss in valu�of the Proper�y in which�he fair�mark�t value of
<br /> the Prope�ty �m�media�e�y b�fare�he par�ial taking, destruct�on, ar loss in value is �ess�han�he amoun�of�he
<br /> sums s�cured immed�ate�y�efore the par�ial �aking, destruct�on, or Ioss �n value, unless Borro�er and
<br /> Lender otherwise agr�e in wr�t�ng, th�N�isce�lane�us Proceeds sha�� be appl�ed tfl the sums seGured by th�s
<br /> S�curity Instrumen�v�hether ar n�t the sums are�hen due,
<br /> �f the Proper�y �s abandon�d by B�rrower, or if, after notice by Lender ta Borrower that the 4pposxng Party
<br /> ��s def�ned in the n��.� sentence}�ff�rs ta make an award to set�le a cla�m for damages, Borrov�er fa�ls ta
<br /> respond�o Lender`��th�n 34 days after th�da�e the no��ce �s g��en, Lender is authorized to colte�� and app�y
<br /> the Misce�Ianeous Praceeds e��her�� rest�ra�ion�r repa�r of the Prap�rty�r to the sums s�cured by�his
<br /> 5ecurity �nstrument, �vhe�h�r or nat�hen due. "4pposing Party"' mea.ns the th�rd party �ha�oti�es Borr�wer
<br /> Misceilaneous Proceeds or the par�y a�a�n�t whom Borrawer has a right af ac�ion �n r�gard�a �iscellaneaus
<br /> Proceeds.
<br /> Barra�er shall be zn d�faul� if any action�r prac��d�ng, whe�her ci�i��r cr�mina�, is begun that, in Lend�r'�
<br /> �udgment, cauld re�ult in forfe��ure of the Property or�ther materia� �mpa�rmen�of Lender's interest in�he
<br /> Pr�perty or rights under th�s Securz�y �n��rument. Borrov�er can�ure such a defau��and, �f aCcelerati�n ha�
<br /> occurred, reinstate as pro�ided in Section �9, by cau��ng the ac�ian or proc��ding to be d�smissed u�ith a
<br /> ru�ing tha�, �n Lender's judgment, prec�udes f�rfe�ture nf the Prop�r��nr other ma�erial impairmen�of
<br /> L�nder's in�eres��n the Proper�y or rights under this Securzty �nstrumen�. The praceeds�f any award or
<br /> ciaim f�r damages tha�are attributabie to th�impairment of Lender's interest�n�he Property are hereby
<br /> assign��.and shall be paid�a Lender.
<br /> A�� M�sce��aneflus Praceeds�hat are na� applied ta r�starat��n ar r�pair�f th� Property shal��e app��ed �n the
<br /> arder pr��ided for�n Se�tion�.
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<br /> Wofters Kluwer Fina�cial 5er�ic�s Page 1❑af 17'
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