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<br />(e) Any snch agreements wID not affect the amounts that Borrower has agreed to pay for Mortgage
<br />Insurance, or any other terms of the Loan. 5uch agrcements will not increase the amonnt
<br />Borrower wlll owe for Mortgage Insnrance, and they wlll not entitle Borrower to any refnnd.
<br />(b) Any snch agreements will not affe�t the rlghts Borrower has - if any - with rapect to the
<br />Mortgage �n�sarance nnder the Homeowners Protection Act of 1998 or any other law. Th�e rights
<br />may incinde the right to receive certain disclosares, to reqn�t and obtain cancellatton of the
<br />Mortgage Tnsnrance, to have the Mortgage Tnsarance terminatexl automatically, and/or to receive
<br />a refand of any Mortgage Insarance preminms that were nne,arn� at the time uf snch
<br />cancellatlon or terminatlon.
<br />11. Asslgnment of M IscelNaneou� Proc� Forfeiture. All Miscellaaeous Procceds are hereby assigned to
<br />and shall be paid to Lender.
<br />If tha Property is da�nag�, such Miscallaneous Proce,eds shall � applied to restoration or repair of the
<br />Property, if the restoration ar repair is economically feasible and Lender's security is not lessened. During
<br />such repair and restoration period, Lender shall hava the right to hold such Miscellaneous Proceads until
<br />L,ender has had an opporhmity to inspect such Property to ensure tha work has been completad to Lander's
<br />satisfaction, provided that such inspection shall be und�taken promptly. Lender maY PaY for tha repairs and
<br />rastoration in a singla disbiusement or in a series of progresa payments as the work is completad. Unless an
<br />agr�ment is made in writing or Applicable Law requires inter�t to be paid on such Miscellaneous Pra�eds,
<br />Lender shall not be required to pay Borrower any inter�t or earnings on such Miscellaneous Proceeds. If the
<br />restoration or repair is not economically feasible or Lender's security would be l�ed, the Misc�llaneous
<br />Proceeds shall be applied to the sums sec�aed by this Security Instmm�ent, whether or not the,n due, with tha
<br />excess, if any. Paid to Boirower. S�ch Miscellaneous Proceeds shall 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 Miscellaneous Proceeds shall
<br />Ue applied to the sim�s secured by this Sacurity Instmm�ent, whether or not then due, with the excess, if aay,
<br />paid to Borrower.
<br />In the event of a partial taking, destruction, or loss in valus of the Properiy in wluch tha fair market value of
<br />the Properiy ima�diately before tha partial taking, de.�truction, or losa in value is equal to or greater thaa the
<br />a�unt of the sums s�,vred by this Security Instrument immediately before the partial taking, destruction, or
<br />loss in value, unless Borrower and I.ender otherwise agree in writing, the swns seeured by this Security
<br />�t shall be reduced by the a�uat of tha Miscellaneous Proceeds multiplied by tha following
<br />fraction: (a) the total annount of the sums sacured immadiately befora the partial taking, destruction, or loss
<br />in value divided by (b) the fair mazket valua of tha Properiy immediately before the partial taking,
<br />dasiruction, or loss in value. Any balance sha11 be paid to Borrower.
<br />In the event of a partial taking, destruction, or loss in value of tha Properiy in which the fair market valua of
<br />the Properiy imm�iately befora tha parkial taking, dastruction, or loss in value is less than the amount of the
<br />sums secured immediately before the pmrtial taking, d�truction, or loss in value, unless Borrowar and
<br />Lander othervvise a�ee in writing, the Miscellaneous Proceeds shall be applied to the sums securad by this
<br />Security Instrument whether or not the awns are theu due.
<br />If the Property is abandoned by Borrower, or i� aftar notica by Lender to Borrower that the Opposing Pariy
<br />(as defined in the next sentence) offe�s to make an awazd to settle a claim for dannages, Borrower fails to
<br />respond to Lender within 30 days after the date the notice is given, Lender is authorized to collect and apply
<br />the Miscellaneous Proc�ads either to restoration or repair of the Property or to the sums secured by this
<br />` N / E M 8�4KA.Shgle FamYy-FanNe M�/Freddie Mao UNIFORM INSTRUMENT WfTH�M � Form 3038 1�N1
<br />VMPBA(NE) (7106)
<br />wol�ie Kkiwer F�dd se�vkea Pye 7 0 or 17
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