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201207868 (a) My such agreements will not affect the amounts that Borrower has agreed to pay for Mortgage Insarance, or any other terms of the Loan. Such agreements will not increase the amount Borrower will owe for Mortgage Insurance, and they will not entiUe Borrower to any refund. (b) Any such agreements will not affect the rights Borrower has-if any-with respect to the Mortgage Insurance under the Homeowners Protection Act of 1998 or any other law. These rights may inclade the right to receive certain d3scbsures, to request and obtain cancellation of the Mortgage Insurance, to have the Mortgage Insurance terminated automatically, and/or to receive a refund aT any Mortgage Insurance premiums that were unearned at the time of such cancellation or termination. 7 7. Assignment of M iscellaneous Proceeds; Forfeiture. Ail Miscellaneous Proceeds are hereby assigned to and shall 6e paid to Lender. If the Properry is damaged, such Miscellaneous Proceeds shall be applied to rest�oration or repair of the Property, if the restoration or repair is economically feasible and Lender's security is not lessened. During such repair and restoration period, Lender shall have the right to hofd such Miscellaneous Proceeds until Lender has had an opportunity to inspect such Property to ensure the wark has bezn completcd to Lender's satisfaction, provided that such inspection shall be midertaken promptly. Lender may pay for the repairs and resforation in a single disbursement or in a series of progress payments as the work is completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such Miscellaneous Proceeds, L,ender shall not be required to pay Borrower any interest or earnings o�sucli Miscellaneous Proceeds. If the restoration or repair is not economically feasible or Lender's sewriry would be lessened, the Miscellaneous Proceeds shall 6e applied to fhe sums secured by this Securiry Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such Miscellaneous Proceeds shall be applied in the order provided for in Section 2. Tn the event of a total taking, destruction, or loss in value of the Propeery, the Miscellaneous Proceeds shall be applied to the sums secured by this Securiry Instrument, whether or not then due, with the excess, iF any, paid to Borrower. In the event of a partial takin�, destruaion, or loss in value of Che Property in which the fair market value of the Property immediately before the partial raking, destruction, or loss in value is equal to ar grea[er than the amount of the sums secured by this Securiry Instrument immediately before the partial taking destruction, or loss in value, unless Borcower and Lender oiherwise agree in writing, the sums secured by this Securiry instrument shafl be reduced by the amount of the Miscellaneous Proceeds multiplied by the foLlowing fraction: (a)the Lotal amount of the sums secured immediately before the partial taking, destruction, or]oss in value divided by(b)fhe fair mazket value of the Properry immediately before the partia(taking destruction, or loss in value. .4ny balance shall be paid[o Borrower. In the eve�t of a parfial taking destruction, or loss in value of the Proper[y in which the fair market value of the Property immediately hefore the partial takSng, destruction, or loss in value is less than the amount of the sums secured immediately before[he partial taking, destruction, or loss in value, unless Borrower and Lender ofl�erwise agree in writing, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument whether or not the sums are then due. if the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that ihe Opposing Party (as defined in the next sentence)offers to make an awazd ro settle a claim for damages, Borrowee fails to respond to Lender within 30 days after the date[he notice is given, Lender is authorized to collect and apply the Miscellaneous Proceeds either W restoraYioa or repair of the Property or to [he sums secured by[his 8801288083 8801288083 NE9ft45KA-Single Famiry-Pannie Mae.�Fredtlie M ac IJNIFORM INSTRIIMENT WITH MERS Form ao28 Uot VMP� VMPBA(N6](1105) W ol[ers Kluw er Financial Services Page 10 of 1]