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<br />fair market value of the Property immediately before the Partial Devaluation is equal to or greater than the amount of the sums
<br />secured by this Security Instrument immediately before the Partial Devaluation, a percentage of the Miscellaneous Proceeds
<br />will be applied to the sums secured by this Security Instruitient, unless prohibited by Applicable Law, or unless Borrower and
<br />Lender otherwise agree in writing. The amount of the Miscellaneous Proceeds that will be so applied is determined by
<br />multiplying the total amount of the Miscellaneous Proceeds'by a percentage calculated by taking (i) the total amount of the
<br />sums secured immediately before the Partial Devaluation, and dividing it by (ti) the fair market value of the Property
<br />immediately before the Partial Devaluation. Any balance of the Miscellaneous Proceeds will be paid to Borrower.
<br />In the event of a Partial Devaluation where the fair market value of the Property immediately before the Partial
<br />Devaluation is less than the amount of the sums secured immediately before the Partial Devaluation, all of the Miscellaneous
<br />Proceeds will be applied to the sums secured by this Security Instrument, whether or not the sums are then due, unless
<br />Borrower and Lender otherwise agree in writing.
<br />(d) Settlement of Claims. Lender is authorized to collect and apply the Miscellaneous Proceeds either to the sums
<br />secured by this Security Instniment, whether or not then due, or to restoration or repair of the Property, if Borrower (i)
<br />abandons the Property, or (ii) fails to respond to Lender within 30 days after the date Lender notifies Borrower that the
<br />Opposing Party (as defined in the next sentence) offers to settle a claim for damages. "Opposing Party" means the third party
<br />that owes Borrower the Miscellaneous Proceeds or the party against whom Borrower has a right of action in regard to the
<br />Miscellaneous Proceeds.
<br />(e) Proceeding Affecting Lender's Interest in the Property. Borrower will be in Default if any action or proceeding
<br />begins, whether civil or criminal, that, in Lender's judgment, could result in forfeiture of the Property or other material
<br />impairment of Lender's interest in the Property or rights under this Security Instrument, unless prohibited by Applicable Lawi
<br />Borrower can cure such a Default and, if acceleration has occurred, reinstate as provided in Section 20, by causing the action or
<br />proceeding to be dismissed with a ruling that, in Lender's judgment, precludes forfeiture of the Property or other material
<br />impairment of Lender's interest in the Property or rights under this Security Instrument. Borrower is unconditionally assigning
<br />to Lender the proceeds of any award or claim for damages that are attributable to the impairment of Lender's interest in the
<br />Property, which proceeds will be paid to Lender. All Miscellaneous Proceeds that are not applied to restoration or repair of the
<br />Property will be applied in the order that Partial Payments are applied in Section 2(b).
<br />13. Borrower Not Released; Forbearance by Lender Not a Waiver. Borrower or any Successor in Interest of
<br />Borrower will not be released from liability under this Security Instrument if Lender extends the time for payment or modifies
<br />the amortization of the sums secured by this Security Instrument. Lender will not be required to commence proceedings against
<br />any Successor in Interest of Borrower, or to refuse to extend time for payment or otherwise modify amortization of the sums
<br />secured by this Security Instrument, by reason of any demand made by the original Borrower or any Successors in Interest of
<br />Borrower. Any forbearance by Lender in exercising any right or remedy including, without limitation, Lender's acceptance of
<br />payments from third persons, entities, or Successors in Interest of Borrower or in amounts less than the amount then due, will
<br />not be a waiver of, or preclude the exercise of, any right or remedy by Lender.
<br />14. Joint and Several Liability; Signatories; Successors and Assigns Bound. Borrower's obligations and liability
<br />under this Security Instrument will be joint and several. However, any Borrower who signs this Security Instrument but does
<br />not sign the Note: (a) signs this Security Instrument to mortgage, grant, and convey such Borrower's interest in the Property
<br />under the terms of this Security Instrument; (b) signs this Security Instrument to waive any applicable inchoate rights and any
<br />available homestead exemptions, unless prohibited by Applicable Law; (c) signs this Security Instrument to assign any
<br />Miscellaneous Proceeds, Rents, or other earnings from the Property to Lender; (d) is not personally obligated to pay the sums
<br />due under the Note or this Security Instrument; and (e) agrees that Lender and any other Borrower can agree to extend, modify,
<br />forbear, or make any accommodations with regard to the terms of the Note or this Security Instrument without such Borrower's
<br />consent and without affecting such Borrower's obligations under this Security Instrument.
<br />Subject to the provisions of Section 19, any Successor in Interest of Borrower who assumes Borrower's obligations
<br />under this Security Instrument in writing, and is approved by Lender, will obtain all of Borrower's rights, obligations, and
<br />benefits under this Security Instrument. Borrower will not be released from Borrower's obligations and liability under this
<br />Security Instrument unless Lender agrees to such release in writing.
<br />15. Loan Charges.
<br />CALIFORNIA—Single Family—Fannie Mae/Freddie Mae UNIFORM INSTRUMENT Form 3005 07/2021
<br />CALIFORNIA DEED OF TRUST (SIDOT.CA)
<br />25283.8 (11/22) Page 1 I of I7 BANK OF AMERICA, N.A.
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