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200207076 11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds ate hereby assigned to and droll be paid to Lender . if the Properly is damaged, such Misoellanoous Proceeds shall be applied to restoration or Iupair of the Property, if the reveals such or repair is economically feasible and Lenders simply is not lessened. During such repo and res malow period Lender shall have the right to hold such Miscellaneous Proceeds told! Lender has had an opportunity to inspect such floppy to ensure the work has been completed to Lenders .misfuctbn, provided chat such inspection shall be undertaken promptly. Lender may par for the repairs and resmmtion in a single disbursement or In a series of process payments as the work is completed. Unless an agrmman is [nude In writing or Applicable Lew requires interest to be paid on such Miscellaneous Proccedc, Lender shall not be required to pay, Borrower any inmrostor earrings on such Miscellaneous Proceeds if the restoration or repair is not economically feasible or Landes security would be lessened, the Miscellaneous Proceeds shall be applied to the sums street by this Seom ity Instrument, whether or riot then due, with the excess, if any, paid to Borrower. Such Miscellaneous Proceeds shall be applied in the order provided for in Section 2. In the event of a total taking, destruction, or loss in value of the Property, the Miscellaneous Proceeds shall be applied m the rams secured by this Security Instalment, is or not then due, with tire excess, if my, paid m Borrower In the want of a partial taking, destruction, nr loss in value of die Property in which the fair market value of the Property immediately before the partial taking, destruction, or loss in value is equal to or giantsr than the amount of the sec secured by this Security Instrument immediately before the partial taking destruction, or loss in value,umless Borrower and Lender otherwise agree in writing, the sums secured by this Security b tha l shall be reduced by the amount at the Miscellaneous Proceeds multiplied by the following f ul (a) the total amount of the sums seared Immediately before the panial taking, destruction, or loss in value divided by (b) the Eairmadso solar of the Property immediately before the partial taking, destruction, or loss in value. Any balance shall be paid to Borrower. In the cram of a pal la! hiking, deluturnal, or loss in value of the Property in which the fair market ralut of the Property immediately before the partial taking destruction, or loss in value is less than the amount of the sums secured Imnlemob ly before the partial taking, destruction, or loss in value, unless Borrow or and Lender otherwise agree in wining, the Miscellaneous Proceeds shall be applied to the soots secured by this Security instrument whether or not the sums at then due. If the Properly is abandoned by Borl or if, after notice by Lender to Borrower that the Opposing Perry (as defined hh the next sentence) offers to make an award to some a claim for damages, per thil.s to respurif m render uvithlo 3011o)e a oiler the Jere the nonce is goon, Lender is utthonzed to rolled and apply the Miscellaneous Proceeds either to restoration or "air of the Postpone or to the sums secured by this Security Instrument. whether or nod then due. 'Opposing Puny' means the third party shut owes Parrower Nareollane ire Pineecds of the parry against Moral Borrower has a right mention in regard to Miscellaneous Proceeds. Bo nviei shall be in default if any action or proceeding whether civil or criminal, is begun that, in Lender's judgment, could result in forfeiture ofthe Property or other material impairment of Lenders interest In the Property or rights under this Security Instrvmem_ Borrower can cure such a default and_ if acceleration as occurred, reinstate as provided in Scrips 19, by causing [lie action or proceeding to be dismissed with u ruling that, in Icndo's judgment, precludes forfeiture ethic Property or other material impairment of Lenders interest in the Property or rights under this Security Instrument The proceeds of any award or claim Cur dernagas that a t ate butablc m the impairment of Lcndts interest in the Property we hereby assigned and shall be paid to !_ ender All Miscellaneous Proceeds that are not applied to testomtion or report of the Property shall he applied in Iho Order provided for in Seaton 2. ®'6(y6).nas, beer 9oif15 trial 102R rod