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201207093 (a) Any such agreements will not effect the amounts that Borrower has agreed to pay for Niortgage Insurance,or any other terms of the Lo9n. Such agreements will not increase the amount Borrower will owe for Mortgage Iosurance, and they will not entitle Borrower to any refund. (b) Any such agreemeuts will not atfect the rights Barrower has-if any-wlth respect to the Mortgage Insurance uuder the Homeowners Prolection Act of]998 or auy other law.These rights may include the right to receive certain disclosures,to request and obtain cancellation of the Mortgage Insurance,to have the Mortgage Insurance[erminated automatically,and/ar to receive a refund of any Mortgagc Iusurance premiums that were unearued at the time of such caucellation or termination. 11. Assignmentof MiscellaneousProceeds;ForFeiture.All D7iscellaneotts Proceeds aze hereby assigned to and shall be paid fo Lender. If the Proper[y is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of thc PropertV, if[he restoratiou or repair is economically feasible and Lcnder's security is not lessened. During such repxir and restoration period,Lender shall havc the right to holJ such Miscellaneous Proceeds until Lender has had an opportuuity to inspect such Property to ensure the work has been completed to Lender's satisfaction,provided that such inspection shall be uudertnken promptly. Lender may pay for the repairs and restomtion iu u single disbursement or in a scrics oT progress payments as the work is completed. Unless an agreement is made in wriking or Applicable Law requires interest to be paid on such Vliscellaneous Proceeds, Lender shall not be required to pay Bonower any i�terest or eamings on such Miscellaueous Proceeds. If the restoration or repair is not economically feasible or Lender s security wonld be lesseued,the Misceflaneous Proceeds shall be applied to the sums secured by this Security instrumenf,whether or not then due,with the excess, if any,paid to Borrowec Such Miscellaneous Proceeds shall be applied in the order provided for in Section 2. I��tYie eve�it of a total taking, destruclioc4 or loss in valuc of the Property, [he Miscellaueous Proceeds sliall be applied to the sums secured by this Secw'ity IusriUmeut,whether or not then due,��ith the excess, if any, paid to Aorrowcr. In the event of a parfial taking,destruction,or loss in valuc of the Property in��hich the fair market valae of the Property immcdiately beforc the partial taking,desWction, or loss in value is equal to or greater than the amount of the sums seeared by this Security Instniment immediately before the partial taking, destntetion, or loss in value, unless Rottower and Lender otherwise agree in writing,the sums secured by ihis tiecurity Instrument shall be reduced by the amount of the Miscellaneous Proceeds multiplied by the follo�ving fraction: (a)the total amount oT the sums secnred immediately before the partial taking,dcshuction,or loss in valne divided by(b)the fair market value oT the Property immediately bcfore the pxrtial taking, desWetio�,or loss in value.Any balancc shall be paid to Borrower. In thc cvcnt of a partial taking dcstruction,or loss in valuc of thc Property in which lhc fair markct valuc of the Properry iaunediately before the padial talcing,deshuction,or loss in value is lcss than the amount of the sums sccurzd immcdiately 6eforc the partial taking, destmction, or loss in value,unless Borrower and Lcnder othcnvise agree in writing,the Misccllaneous Proceeds shall be applied to the sums secured by this Security lnstmment whether or not the snms are then due. If the Property is abandoned by Sorrower, o�if,after notice by Lender to Borrower that the Opposing Party (as defined in the next sentence)oft'ers to make an award to settle a claim for damages. Aorrower fails to respond to Lender within 30 days after the date the notice is given, Lcnder is authoriaed to collect and apply lLe Miscellaneous Proceeds eithcr to restoration or repair of tlw Property or to the sums secured by tLis NEBRP.SNASingle Fam Iy�Fannie Mae/Fretldie Mac UNIFORM IN3TRUMENT N'ITH MERS Porm 30281/O1 VMP U VMPBAME)(11(IS)00 Wdtan Kluwer flnencial Sarvices �Pege f 0 ot 19 II I I II II'I I�III II'II II I I II I II�II I I II I I II I II I II III q03309249178 0233 313 101.7