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�0�20787�
<br />�(a) Any sach agraments will not affect the amounts that Borrower has agreed to pay for Mortgage
<br />Insnrance, or any other terms of the Loan. Such agreements will not increase the amount
<br />Borrower wlll owe for Mortgage Insarance, and they will not entitle Borrower to any refnnd.
<br />�(b) Any sach agreementa wlll not affect the rlghts Borrower has - if any - with respect to the
<br />' Mortgage Insnrance nnder the Homeowners ProtecHon Act of 1998 or any other law. These rlght�
<br />may inclnde the right to receive certain dfsclosnres, to r�nest and obtain cancelladon of the
<br />Mortgage Insnrance, to have the Mortgage Insarance terminat� antomadcally, and/or to receive
<br />a refund of any Mortgage Insnrance premfnms tLat were unearned at the dme of anch
<br />, cancellal3on or termination.
<br />1'� .
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<br />Assignmer�t of M iscellaneo� Proceeds; ForFetture. All Miscellaneous Prace�eds are hereby assigned to
<br />and shall be paid to I.ender.
<br />If the Property is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of the
<br />Property, if the restoration or repair is economically feasi'ble and Lender' s security is not lessened During
<br />such repair and restoration periad, Lender sha11 have the right to hold such Miscellaneous Procceds until
<br />Lender has had an opporhmity to inapect such Property to ensure the work has been completed to Lender' s
<br />satisfaction, provided that such insgection sha11 be undertaken prompfly. Lender may pay for the repairs and
<br />restoration in a single disbursement or in a serias of progress payments as tha work is completed. Unlass an
<br />agreement is made in writing or Applicable Law requires interest to be paid on such Miscellan�us Proceeds,
<br />L.ender shall not be required to pay Borrower any interest or earnings on such Miscellaneous Proceeds. If the
<br />restoration or repair is not economically feasible or Lender' s security would be lessened, the Miscellaneous
<br />Prace�s sball be applied to the sums se�ured by this Se�urity Instrument, whether or not then due, with the
<br />excess, if any, paid to Borrower. Stich Miscellaneous Proceeds shall be applied in the arder provided for in
<br />Section 2.
<br />In the event of a total taldng, dest�vction, or loss in value of the Property, tha Miscellan�us Proceeds shall
<br />be applied to the sums secured by this Se�urity Inslrument, whether or not then due, with the excess, if any,
<br />paid to Bonower.
<br />, In the event of a partial taking, desbruction, or loss in value of the Property in which the fair market value of
<br />the Property immediately before tha partial taking, deslruction, or loss in value is equal to or greater than the
<br />C amount of the sums secured by this Security Instnnnent immediately before the partial taking, deslruction, or
<br />loss in value, unless Borrower and Lender otharvvise agr� in writing, the sums secured by this Se�urity
<br />1 Insriiunent shall be reduced by the amount of the Miscellaneous Proceeds multipli� by the following
<br />� fraction: (a) the total ainount of the sums se�.vred immediately before the partial taldng, destruction, or loss
<br />�Ij in value divided by (b) the fair mazket value of the Propezby immediately before the partial taking,
<br />destruction, or loss in value. Any balance shall be paid to Borrower.
<br />'k In the event of a partial taking, de�truction, or loss in value of the Properiy in which the fair market value of
<br />' the Progerty immediately before the partial talring, �ction, or loss in value is less than the amount of the
<br />sums secured immediately before the partial taking, destruction, or loss in value, unless Borrower and
<br />Lender otherwise agre,e in writing, the Miscellaaeous Proceeds shall be applied to the sums se�wed by this
<br />Security Instrument whether or not the suoms aze then due.
<br />If the Property is abandoned by Bonower, or i� after notica by Leader to Borrower that the Opposing Party
<br />(as defined in the next sentence) offers to make an award to settle a claim far damages, Borrower fails to
<br />' respond to Lender within 30 days after tha date the notice is given, Lender is authorized to collect and apply
<br />' the Miscellan�us Proceeds either to restoration or repair of the Property or to the sums se�urefl by this
<br />2200284088
<br />ASKASIngle FemOy-F�nie Mae/Freddie Mao UWIFORM INSTRUMENT WITH MERS
<br />u�s Kluw� �al S�
<br />� D VBANE
<br />� Form 30'18 1I07
<br />VMPBA�NE) (710b)
<br />Paee 10 oi 17
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