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2� 17�2457 In the e�ent of a parfial taking, destruction, or Ioss in�a�ue af the Property in which the fair market �alue of the Froperty immediately before the partia�taking, destruction, or loss in vaiue is Iess than the amaunt af the surns secured immediately befvre the partial taking, destruction, or loss in�alue, unless Borrawer and Lender otherwise agree in writing, the 1Vliscellaneous Praceeds shall be applied to the surns � secured by this Security Instrurnent whether or not the sums are then due. � If the Proper�r is abandoned by Borrower, or if, after no�ice by Lender�v Borrower that the�pposing Party�as defined in the next sentence�offers to make an award ta sett�e a claim for damages, Borrower fails to respand to Lender within 30 days after the date the natic�is gi�en, Lender is authorized to cvllect and apply the Misceltaneous Proceeds either to restaration or repair of the Proper�y or to the sums secured by this Se�urity Instrument, whether or not then due. "apposing Party" means the third party that owes Borrower Miseellaneous Proceeds ar the part�against whvrn BorrovWer has a right af action in regard to Miscel�aneous Proceed�. Barrower shall be in default if any action or proc�eding, whether civil�r criminal, is begun that, in Lender's judgrnen�, could result in farfeitur�of the Property ar vther material impairment of Lender's interest in the Propert}�or rights under this Securit�Instrument. Borrower can cure such a defau�t and, if acceleration has occurred, reinstate as pravided in Section 18, by causing the action or praceeding to be disrnissed with a ru�ing�hat, in Lender's judgment, precludes farfeiture of the Property or other material impairment of Lender's interes�in the Property or rights under this Security Instrument. The proceeds of any a�ard or claim for darnages that are attributable to the impairment of Lender's interest in the Praperty are herel�y assigned and shall be paid�a Lender. All Miscellaneous Proceeds tha�are nat applied to restorativn or repair of the Property shali be applied in the order pro�ided for in Section 2. '11. Borravver No# Released; Forbearance Sy Lender Not a Vllai��r. Exte�sion of�he time for paymen� � ar modification af amortization of the sums secured by this Security Instrument gran�ed by Lender ta Borrower or any 5uccessor in Intere�t❑f Borrawer shall not operate ta release the liability of Borrower or any 5uccessors in�nterest of Borrower. Lender sha11 not be requir�d ta carnmence proceedings against any Successor in In�erest af Borrower or to refuse to extend time for payment or atherwise modify . amartization of the sums secured by this Security Instrument by reasan of an� demand made by the . ariginal Barrower or any Successors in Xnterest af Borrower. Any farbearance by Lender in exercising any right or remedy including, without limitation, Lender's acceptance af payments from third persons, en�ities or Successors in Interest of Borrower or in amaunts Iess than the amaunt then due, shall no�be a wai�er❑f or preclude the exercise of an�right ar remedy. '12. Joinf and Se�era� L�abili�y; Co-�'rgners; Successors and Assigns Bound. Borrower covenants and agrees that Borro�er's ob�igations and liability shaii be joint and se�eral. Ha�e�er, any Borrower who co-signs this Security Instrument but does n�t execut�the Note(a"co�signer"}: �a} is co-signing this Security Instrument oniy to mortgage, grant an�can�ey�he ca-signer's interest in the Property under the terms af this 5ecurity Instrument; �b}is not persanally abligated to pay the sums secured b�this Security Instrument; and�c�agrees that Lender and an�ather Borrower can agree to extend, madify, forbear or make any accammadations with regard to the terrns of this 5ecurit�Instrument or the NQte without the co-signer's cansent. 23��o4�s6 �098��62� FHA Deed of Trust With MERS-NE 913�12Q14 Bankers S stems7M VMP� VMP4N�NE]('[50�).00 Wolters K�uwer Financial Services Page Z 0 vf Z 7