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Ju11-30 -00 13 :13 From-
<br />T -601 P 19 F -139
<br />200005488
<br />I1• the Property is dwilaged, such Miscellaneous Proceeds shall be applied Cb restoration or repair of the
<br />Property, if the restoration or repair is economically feasible raid Lender's security is not lessened. During
<br />Such repair and restoration period, Lender shall have the right to hold such Miscellaneou, Proceeds until
<br />Lender has had all opportunity to inspect such Property to ensure the work has been completed to Lender's
<br />satisfaction, provided that such inspection shall be undertaken promptly. lender may pay for the repairs and
<br />restoration in a singlc disbursement or in a series of progress paymenlS as the work is completed. Unless Mn
<br />agrcemenL i, COMIC in writing or Applicable Law requires interest to be paid on such Miscellaneous Proceeds,
<br />Lender shall not be required to pay Borrower any interest or earnings on such Miscellaneous ProcecQs. If 1he
<br />restoration or repair is not economically, feasible or Lender's security would be lessened, the Miscellaneous
<br />Proceeds shall be applied to the sums secured by this Security Tnstrunient, whether or riot then due, with the
<br />excess, if any, paid to Borrower. Such Miscellaneous Proceeds shall be applied in the order provided for in
<br />Section 2.
<br />In the event of a total taking, destruction, or loss in value of I.110 Property, the MiSCCllaneouS Proceeds
<br />shall be applied 10 the Sums secured by this Security Instrument, whether or not then due, with the excess, it
<br />any, paid to Borrower.
<br />in Ole event of it partial biking, destruction, or loss in value of the Property in which Ile lair market
<br />value of the Property immediately before the partial taking, dc,truedon, or loss in value is equal to or greater
<br />than the amount of the sums secured by this Security Instrument immediately before the partial Ltkirrg,
<br />destruction, or loss in value, unless Borrower and Lender odwrwise agree in writing, die sums secured by this
<br />Security Instrument sliall he reduced by the amount of the Miscellaneous Proceedv multiplied by file
<br />following fraction: (a) the total amount of the sums secured immediately belOre the partial Ixking, destruction,
<br />or loss in value divided by (b) the fair market value of the Property immediately before the partial Liking,
<br />destruction, or loss in value. Any balance shall be paid to Borrower.
<br />In the event of a partial Lilting, destruction, or loss in value of the Property in which the lair market
<br />value of Ole Nroperty immediately before the partial laking, destruction, or loss in value is less Oiauh the
<br />amount of the suns Secured immediately before die partial Liking, destruction, or loss in value, unless
<br />Borrower and Lender otherwise agree in writing, the Miscellaneous Proceeds shall be applied to die sums
<br />secured by this Security Instrument whether Or not the sums are then due.
<br />11' doe Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the Opposing
<br />Party (as defined in the next sentence) offers to make an award ua settle a claim for damages, Bonower fails
<br />to retipond to Lender within 30 (lays after Rte dace the notice is given, Lender is audlorized 1t) collect and
<br />apply the Nliscellaneous Procced, either to restoration or repair of the Property or to die sum>f secured by this.
<br />Security Tnstrumeut, whether or not then due. "Opposing Patty" means the third party that owes Borrower
<br />Miscellaneous Proceeds or the pau'ty against whom Borrower has a right of action in regard to Miscelluieous
<br />Proceeds.
<br />Borrower shall be in default if any action or proceeding, whether civil or criminal, is begun that, itt
<br />Lender's judgment, could result in forfeiture of the Property or other material impairment of Lender's interest
<br />in the Property or rights under this Security Insaument. Borrower can cure such a default and, if acceleration
<br />has oceunetl, reinst le as provided in Section 19, by causing rte action or proceeding to be dismissed with M
<br />ruling that, in Lrnder'S judgment, precludes forfeiture of the Property or other material impairment oC
<br />Lender's interest in the Property or rights under this Security instrument. The. proceeds of ainy award or claim
<br />for damages that More ataibutable to the impairment of Lender's interest in the Property are hereby assigned
<br />and shall be paid io Gender.
<br />All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall he applied
<br />in the order provitted for in Section 2.
<br />12. fforrawer Not Releused; Forbearance By Lender Not u Waiver. Extension of the Lillie for
<br />payment or modification of amortization of the sums secured by this Security Instrument granted by Lender
<br />to Borrower or any Successor in Interest of Borrower shall not operate to release Ole liability of BO(rOwe.r
<br />6A(NE) (goo!,)-02
<br />,1D
<br />ew� 7200303 -00
<br />Pape u of 16 Form 3026 3/89
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