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<br /> �a� Any such agreements will not affect the amounts that B�rrower has agreed to pay for Mortgage
<br /> Insurance,ar any other terms of the Loan. Such agreements will not�ncrease the amount
<br /> Borrower wil��we for Mortgage Insurance,and they wi�l n�t entitle Borrower to any refund.
<br /> 4 b} .�ny such agreements wi�l not affect the rights Bo rrawer has-if any-with respect to the
<br /> Mortgage Insurance under the Fiomeowners Protection Act of 1998 or any ather law. These rights
<br /> may include the right to recei�e certa�n dis�losures,to request and obtain cancellati�n af the
<br /> Mortgage Insurance,t�ha�e the Mor�gage Insurance terminated aut�matically,andlor to recei�e
<br /> a refund�f any Mortgage Insurance premiums that were unearned at the time of such
<br /> cancellation or termination.
<br /> 1'I. Assignmentof INliscellaneousPr�ceeds;Forfeiture.All M�sce��aneous PraCee�ls are hereby assigned to
<br /> and shall be paid to Lender.
<br /> If the Property is�a.maged, such M�scellaneous Proceeds shall be app�ied to res�oration or repair of the
<br /> Prvperty, if the restarat�on or repair is economically feasible and Lender's seeurity is nat�essenecl. During
<br /> such repair and restvrat�an p�riad, Lender sha��ha�e the right to hold such M�scellaneaus Proceeds un�i�
<br /> Lend�r ha.s had an opportunity to inspect such Prnperty to ensure the work has been cvmp�eted ta Lend�r's
<br /> satisfac��on,pro�ided that such inspection sha11 be underta.ken promp�ly. Lender may pay far the repair�and
<br /> restora��on in a single disl�ursement ar in a series of progress payments as the�ork is completed. Unless an
<br /> agreement is made in writing vr App�ica�le Law requires interest to be paid on such Miscellaneous Proceeds,
<br /> Lender shall not be required��pay Bvrrower any interes�or earn�ngs on such Miscel�aneous Proceeds. If the
<br /> res��ration or repair is nat eeon�miea�ly feasible or Lender's securi�y w�uld be Iessened,the Miscellanevus
<br /> Pro��eds shall be applied to the sums se�ured by this Securi�y Instn�ment, whether vr not then due, with the
<br /> excess, if any, paid to Borrower. Such Miscellanevus Proceeds sha11 be applied�n the order provi�e�i fvr in
<br /> Section 2.
<br /> �n�he e��nt of a total taking, destructian,or ivss�n�alue�f the Property,the Misce��aneous Pr�ceeds sha11
<br /> be appl�ed to the sums secure�l hy this Secur�ty Instrument,whether or not then due,wi�h the e�cess, if any,
<br /> pai�to Borra�er.
<br /> In the even�of a partial taking, destruction,ar l�ss in value of�he Property in which the fair market�alue af
<br /> the Prvper�y immediately before the partaa�taking, destruction, �r loss in value is equal to or greater than th�
<br /> amount of the sums secured by this Securi�y Instrument immediately before the partial taking, destruction, or
<br /> loss in�alue, unless Barrower an�Lender othenuise agree in writing,the sums secured by this Se�urity
<br /> Ins�rument sha11 be reduced by the amaun�af the Miscellaneaus Proceeds multiplied by the following
<br /> frac�ion: (a�th�total amount af�he sums se�ured immediately before the partial taking, destruction., or loss
<br /> in va�ue di�ided by �b�the fair market va�ue of the Property immediat�ly before the partial taking,
<br /> destruction, or loss in value. An�balance shall be paid ta Borrvwer.
<br /> Tn the even�of a partial taking,destruction,or loss in�alue of�he Property in which the fair market value af
<br /> the Proper�y immedxately before the partial ta.king, destruction, or loss in�a1ue is less than the amount of�he
<br /> sums secured immediately before the partia�taking, destruction, or loss in�a�ue,unless Borrower and
<br /> Lender otherwise agree in writing, the Misce�lanevus Proceeds sha11 be app�ied to the sums secured by th�s
<br /> Security Instrument whether or not the sums are then�1ue.
<br /> If the Property is aband�ned by Bvrrower, or�f, after notice by Lender to Borrower th�at the�pposing Pa�ty
<br /> (as de�ned in the next sentence}offers to make an award to sett�e a claim for d.amages,Barrower fails to
<br /> respond to Lender w�thin 3�days after the da�e the notic� is given, Lender is authorized io�o��ect and apply
<br /> �he Miscel�aneous Pr�ceeds either t� restora.t�on or repair�f the Property or to the sums secured b�thi.s
<br /> 10fiANE ODOB28968588 May 29,2�14 09:1 fiam
<br /> NES�tASlCA-Single FamFfy-Fannie MaelFreddie Mac�NIFt�RM INSTRLIMENT VIJITH MERS Form 3028 11Q1
<br /> VMP g VMPBA(NE�{1302).0�
<br /> Wolters Kluw+er Finar�cial Services Page 10 of 17
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