Using Behringer UMC404HD with both condenser and dynamic mics?

I want to record vocals and acoustic guitar at the same time using my UMC404HD interface. I want to use an Audio-Technica AT2020 condenser mic on the guitar and a Shure SM58 on the vocal. I am guessing that when I switch on phantom power because the AT2020 requires it that it will also turn on phantom power across all XLR inputs? Will this damage the Shure SM58?

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