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202206769 In the event of a Partial Devaluation where the fair market value of the Property immediately before the Partial Devaluation is less than the amount of the sums secured immediately before the Partial Devaluation, all of the scellaneous Proceeds will be applied to the sums secured by this Security Instrument, whether or not the sums are n due, unless Borrower and Lender otherwise agree in writing. (d) Settlement of Claims. Lender is authorized to collect and apply the Miscellaneous Proceeds either to the s ' s secured by this Security Instrument, whether or not then due, or to restoration or repair of the Property, if B rower (i) abandons the Property, or (ii) fails to respond to Lender within 30 days after the date Lender notifies B rower that the Opposing Party (as defined in the next sentence) offers to settle a claim for damages. "Opposing P. ty" means the third party that owes Borrower the Miscellaneous Proceeds or the party against whom Borrower has a ght of action in regard to the Miscellaneous Proceeds. (e) Proceeding Affecting Lender's Interest in the Property. Borrower will be in Default if any action or p ceeding begins, whether civil or criminal, that, in Lender' s judgment, could result in forfeiture of the Property o .ther material impairment of Lender' s interest in the Property or rights under this Security Instrument. Borrower ccure such a Default and, if acceleration has occurred, reinstate as provided in Section 20, by causing the action or eroceeding to be dismissed with a ruling that, in Lender' s judgment, precludes forfeiture of the Property or other m: erial impairment of Lender' s interest in the Property or rights under this Security Instrument. Borrower is u a onditionally assigning to Lender the proceeds of any award or claim for damages that are attributable to the airment of Lender' s interest in the Property, which proceeds will be paid to Lender. All Miscellaneous Proceeds th are not applied to restoration or repair of the Property will be applied in the order that Partial Payments are a., lied in Section 2(b). 13. Borrower Not Released; Forbearance by Lender Not a Waiver. Borrower or any Successor in Interest o orrower will not be released from liability under this Security Instrument if Lender extends the time for payment or odifies the amortization of the sums secured by this Security Instrument. Lender will not be required to co ence proceedings against any Successor in Interest of Borrower, or to refuse to extend time for payment or of -rwise modify amortization of the sums secured by this Security Instrument, by reason of any demand made by th original Borrower or any Successors in Interest of Borrower. Any forbearance by Lender in exercising any right or emedy including, without limitation, Lender' s acceptance of payments from third persons, entities, or Successors in nterest of Borrower or in amounts less than the amount then due, will not be a waiver of, or preclude the exercise of any right or remedy by Lender. 14. Joint and Several Liability; Signatories; Successors and Assigns Bound. Borrower' s obligations and li. ility under this Security Instrument will be joint and several. However, any Borrower who signs this Security In rument but does not sign the Note: (a) signs this Security Instrument to mortgage, grant, and convey such B. rower' s interest in the Property under the terms of this Security Instrument; (b) signs this Security Instrument to w ve any applicable inchoate rights such as dower and curtesy and any available homestead exemptions; (c) signs thi. Security Instrument to assign any Miscellaneous Proceeds, Rents, or other earnings from the Property to Lender; (d is not personally obligated to pay the sums due under the Note or this Security Instrument; and (e) agrees that L der and any other Borrower can agree to extend, modify, forbear, or make any accommodations with regard to the terms of the Note or this Security Instrument without such Borrower' s consent and without affecting such B. rower' s obligations under this Security Instrument. Subject to the provisions of Section 19, any Successor in Interest of Borrower who assumes Borrower' s ob gations under this Security Instrument in writing, and is approved by Lender, will obtain all of Borrower' s rights, ob gations, and benefits under this Security Instrument. Borrower will not be released from Borrower' s obligations an liability under this Security Instrument unless Lender agrees to such release in writing. 15. Loan Charges. (a) Tax and Flood Determination Fees. Lender may require Borrower to pay (i) a one-time charge for a real est'te tax verification and/or reporting service used by Lender in connection with this Loan, and (ii) either (A) a on time charge for flood zone determination, certification, and tracking services, or (B) a one-time charge for flood SKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT 3028 07/2021 Page 12 of 19 *DocMagic