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20�120606 �
<br />(a) Any anch agreements will not affect the amonnts that Borrower hss agrced to pay for Mortgage
<br />Insnrance, or any other terms of the Loan. Snch agrc�ments wW not increase the amount
<br />Borrower wIll owe for Mortgage Insurance, and they will not entitle Borrower to any refund.
<br />(b) Any snch agr�menta will not aff�t the rights Borrower has - if any - with respect to the
<br />Mortgage Insarance under the Hom�wnera Protection Act of 1998 or any other law. These rtghts
<br />may incinde the rlght to receive certain disclosares, to reqnest and obtain cancellatfon of the
<br />Mortgage Insnrance, to have the Mortgage Insarance terminated automatically, and/or to receive
<br />a refund of any Mortgage Insnrance preminms that were unearned at the time of such
<br />cancellation or termination.
<br />11. Asslgnment of M Iscellaneous Proceeds; Forfetture. All Miscellan�us Procceds are hereby assigned to
<br />and shall be paid to Lender.
<br />If the Property is daznag�, such Miscellan�us Proceeds sl�all be applied to restoration or repair of the
<br />Property, if the restoration or repair is economically feasible aud Lender' s s�urity is not leasened. During
<br />such repair and restoration period, Lender shall have the right to hold such Miscellan�us Proceeds until
<br />I,ender has had aa opportrt�miity to inspect such Property to enswra the work has been co�leted to Lender's
<br />satisfaction, provided tl�at such inspection shall be undertaken promptly. I.ender may pay for the repairs and
<br />restoration in a single disbursement or in a series of progress payments as the work is completed. Unless an
<br />agr�t ia made in writing or Applicable Law r�uires interest to be paid on such Miscellaneous Proce�eds,
<br />Lender shall not be reqiriured to pay Horrower any interest or earnings on such Miscellaneous Procee�s. If the
<br />restora.tion or repair is not economically feasible or Lander' s security would be lessened, the Miscellaneous
<br />Proceeds shall be applied to the sums secured by this Sacurity Instrim�ent, whether or not then due, with the
<br />excess, if any, paid to Borrower. Such Miscellaneous Proce�s sha11 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 the Property, the Miscellaneaus Proceeds shall
<br />be applied to the sums secured by this Security Instrament, whether or not then due, with the excess, if any,
<br />paid to Borrower.
<br />In the event of a partial taking, deslruclion, or loss in value of the Properiy in wluch the fair market value of
<br />the Properiy immediately before the partial taking, de.qtruction, or loss in value is equal to or greater than the
<br />amount of the sums secured by this Security Instr�ent imm�iately before the partial taldng, deslruction, or
<br />loss in value, unless Borrower and Lender othervvise agree in writing, the s�ms secured by this Security
<br />Instn�nt sha11 be reduced by the a�unt of the Miscellaneous Proceeds multiplied by the following
<br />fraction: (a) the total amount of the sums secured immediately befare the partial talang, dest�uction, ar losg
<br />in value divided by (b) the fair market value of the Property immediately before the partial taldng,
<br />destruction, or loss in value. Any balance shall be paid to Boaower.
<br />In the event of a partial taking, destruction, or loss in value of the Properiy in which the fair market value of
<br />the Property im�diately before the patCial taking, destruction, or loss in value is less than the amount of the
<br />sums secured im�ediately before the partial taking, deslr�ction, or loas in value, unless Borrower and
<br />Lender otherwise agree in writing, the Miscellaneous Prac�s shall be applied to the sums secured by this
<br />Security Instrument whether or not the sums are then due.
<br />If the Properiy is abandoned by Borrower, or i� after notice by Lender to Borrower that tha Opposing Party
<br />(as defin�l in the next sentence) offers to malce an award to settle a claim for damages, Borrower fails to
<br />respond to I.ender within 30 days after the date the notice is given, Lender is authorized to collect and apply
<br />the Miscellaneous Proc�ds either to resta�ration or repair of the Properiy or to the sums secured by this
<br />NEBWI,SKAShigle FamBy-FanNe Mae/Fraddie Mec UNIFORM INSTRUMENT WITH�MERS 6 Form 3038 1 01
<br />y�y�p � VMPBA(NE) (1106)
<br />Wok�a Kluw� F6� Serviees Page 70 ot 77
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