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2� 17��8�4
<br /> satisfac�ion, provided that such inspe�t�an sha��b�under�a�en promptly. Lender may pay for the repairs
<br /> and restorati�n�n a single disbursem.�n�or in a�er�es�f progre�s paym�n�s as th�vvark is comp�et�d.
<br /> Unless an agr��men�is made in wri�ing or App��cab�� Law requires interes�ta be pa�d�n such
<br /> M�scel�aneous Proceeds, Lender shal� na�be requ�red�o pay Borr�wer any �nter�st�r earnings on such
<br /> M�s�e��arzeous Proceeds. If the restara�ian or repair is not�canom�cally ��asible or Lender's securi�y w�uld
<br /> be�essened, the Miscellan�aus Proceeds sha�l be appli�d t�the sums secured by th��5�curi�� �ns�rumen�,
<br /> �vhether�r not then due, v�ith the excess, if an�, paid�o Borrower. Such MisCellane�us Proce�ds sha�� b�
<br /> applied �n the Qrder pra��ded for in Sec�ion 2.
<br /> �n the even�of a��tal tal�ing, des�ruction, or l�ss �n va�ue�f�he Praper�y, th�M�sce��aneous Proceeds shall
<br /> ��app�zed�o the sums secured by this Se�urity Instrument, tivh�ther�r not then�ue, wi�h�he excess, �f any,
<br /> paid t� Borrower.
<br /> In the��en�of a part�a�taking, des�ruct��n, �r l�ss �n value af the Property �n which�he fair market�alue of
<br /> the Pr�per�y immediately befare�he par�ial taking, destru��i�n, or l�ss in�alue is equa� �o or greater than the
<br /> an�oun�af the sums secured by thi� S�cur�ty Instrurnent �mmediat�Iy�ef�re th�partial �aking, destruc�ian, nr
<br /> l�ss in�alu�, un��ss Borrovver and Lend�r��herwise agree in wri��ng, the sums secured b��his Security
<br /> �nstrument shall be redu�ed b�r�he amoun��f the Miscellaneous Proc��ds m�u���p�i�d by�he following
<br /> fract�on: �a} �he tn�al amount of the sums secured immedia�e�y befare the par�ia� �aking, des�ructzon, ar��ss
<br /> in va�ue d�vz�.ed����}the fair market�alue af��.e Proper�y immediately before�he par�ia� �akzng,
<br /> d�structian, or loss in�a�ue. Any bala.n���haii be pa�d to Borro�er.
<br /> �n the e�ent af a partia� taking, destruct��n, ar�oss in value af the Proper�y �n v�rhich the fair mar�et value of
<br /> th�Property immedia�ei�r b�fore the par��a� tak�ng, destruc�ion, or�oss �n�alue is�ess�han�he amount af the
<br /> su�ns secured �mmediately b�fore the partia� taking, des�ruction, or loss in�a�ue, un�ess Barrower and
<br /> Lender ot�erw�se agree�n writing, �he Misce�ianeaus Praceeds shall be applied�o�he sums secured by this
<br /> 5ecuri�y Instrumen�whether or n�� the sums are then due.
<br /> �f�he Prnper�y is abandon�d�y Borrower, or if, a�'ter notice by Lend�r t� Borrower th�.��h��pp�sing Part�
<br /> �as def�n�d xn�he n�xt�entence} aff�rs to make an avvard t� se�tle a c�aim f�r damag�s, B�rrow�r fa��s t�
<br /> . respond ��Lender w�thin 3D da�s a�ter the da�e th�natice �s given, Lender is au�harized ta ca�lect and apply
<br /> �he IVi�sce��aneous Procee�.s�z�her to r�sto�ati�n�r r�pa�r af�he Proper�y ar�a the sums secured by�his
<br /> S�Gurit� Instrument, wheth�r or not th�n due. "�ppflsing Par�y" means the third par�y that ov�es Borrawer
<br /> �iscellane�u� Pr�c�eds flr�he par�y again�t�vhanz Bnrr��ver has a r�gh�of ac��on�n regard to Mis�eilane�us
<br /> Prac�eds.
<br /> Barr�wer sha��be zn defau��if any acti�n or prac�eding, whether ci�vi� �r�:riminal, is begun�hat, in Lender's
<br /> �udgment, cou�d resul�in forfe��ure of�he Property�r ath�r materia� impairmen�of Lender's interes�in�he
<br /> Property ar righ�s under this Secur�t� �nstrument. Bnrrower�an cure such a defau�� and, if acCeleration has
<br /> occurred, reinsta�e as provided in Section I9, by�au��ng th�action or pr�ceeding�a be dism�ssed v�ith a
<br /> rui�ng tha�, �n L�nder's judgmen�, precludes farfeiture of th�Praperty or�ther ma�erial impairmen�af
<br /> Lend�r's in�erest �n the Property or righ�s under this Secur�ty �nstrument. The proceeds of any award or
<br /> c�aim f�r damages that are a��r�butab�e�a the�mpairm�n�af Lender's interes� �n the Proper�y are h�reb�
<br /> assigned and sha��b�paid ta Lender.
<br /> All Mis�el�aneous Proceeds tha� are not applied�o restflration�r r�pa�r�f�he Proper�y shaii be appiie� in�he
<br /> �rd�r pravided for in Sect�on 2,
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<br /> Wvlters Kluwer Financial Ser�ices Page��❑f 17
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