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2� 1 ��2828
<br /> ��� Any such agreements will not affect the amounts that Borrower has agreed to pay for Mvrtgage
<br /> �n�urance,or any atber t�rms�f tb�L�an.�uch agreements�vili not in�rease the amQunt
<br /> Barrower wi�l o�e for Mortgage Ins�rance,and they w�ll not entitle Borr�wer to any refund.
<br /> tb� Any such agreements�vill nvt�ffect the r�ghts B�rro�ver has-if an��vWith respe�t to the
<br /> Mortgage Insurance under th�Hvmeowne�rs Prate�tion Act of 1995 or an�tither i�w.Tbe�e rights
<br /> ma��nclude the r�gh#to rece�ve cert��n disC��sures,�o request and�bta�n�ancellatio��f the
<br /> Martgage Insuran�e,to have the MQrtgage Insurance terminated�utomatica�ly,�ndlor to receive
<br /> �r�fund�f any Mortgage Insurance premiums that v�ere une�rned at the time of such
<br /> can�ellation or termination.
<br /> 1�I. Assignmentof M�s�e�laneousProceeds;Forfeitu�'e.A��Miscetlaneous Froce�ds are h�reby assigned�o
<br /> and shall be paid to Lend�r, �
<br /> If�he Property�s damag�d, such Miscel�anevus Prt�eeeds sha��be app��ed to�estorat�an or�epair of th�
<br /> � � Froperty, �f the restoration ar repair is�conomically feasible and Lender's security is not lessened. During
<br /> , such repau and rest�ration period,Lender shal�have the right to hold such Mis�ellaneaus praceeds untii
<br /> Lender has had an oppnr�u�ity to�n�peet such�.'roperty ta ensure th�work has been campleted to Lender's
<br /> satisfaction,provided that such inspection shall be undertaken promptly.Lender may pay f�r th�repai.rs and
<br /> restoration in a singl�disbursement vr in a series of progress payments as the work is completed.Unless an
<br /> agreement is made in writing or Applxcable Law requires int�rest ta be paid on such 1Vliscel�aneous Pro�eeds,
<br /> Lender sha11 not be required to�ay Borrower any interest or earnings on such Misc�llaneous 1'roceeds. If the
<br /> re��oration ar repair is not economically f�asible or�.ender's security vvould be lessened,the Miscellaneous
<br /> Proceeds sha�l be applied to the sums secured by thi�Security Instrument,whether ar not then due,with the
<br /> excess, if any,paid to Borrower. Such Miscellaneous Proceeds shall�e app�ied in the order prov�ded far in
<br /> S�ct�on 2.
<br /> In the eve�t of a tatal taking,destructian,or�oss�n�value of the Proper�,the Miscellan�ous Froceeds sha11
<br /> be applied to the sums se�ured by this Security Instrument,whether or not then due,with the excess,if any,
<br /> paid to Borro�ver.
<br /> I�x th�e�ent of a partia�tal�ing,des�ruction,or loss�n value of the Froperty in tivhich the fair mark�t�a�ue t�f
<br /> the T'roperty immediately before the partial taking,d�s�ruct�on,or��ss in va�ue is equaZ to ar greater than the
<br /> amaunt of the sums secured by this S�cu.ri�y Instrument immediate�y before the partial taking,destruction,or
<br /> loss in�a�ue,un�ess Bono�ver an�Lender othertivise agree in wr�ting,th�sums secure�by th�s Security
<br /> Insfirument sha11 be reduc�d by the amoun�af the Miscellaneou�Proceeds muZtip�ied by the follo�ving
<br /> � fraction: (a}the total amount of the sums secured immediate�y before the partial t�.king,destruction,or loss
<br /> in value divided by(b)the fair market�alue of the Property imm�diate�y before the partial ta.kinga
<br /> destruct�on,or lass in value.Any balance shall be paid to Borro�uuer.
<br /> In the event of a partial taking,destruction,�r loss in value af the Proper�y�n which the fa�r market value af
<br /> the Prop�rty immediatety before t�ie partiat taking,destruction,or�ass in value is�ess than the amount of the
<br /> sums secur�d immediately before the partia�taking, destructio�,�r loss�n va�ue,unless Bonower and
<br /> Lend�r otherwxse agree in writing,the Miscellan.e�us Proceeds shal�be applied��the sums seeured by this
<br /> Security In.strument wh�ther or not the sums are then due.
<br /> If the Prop�rty is abandoned by Borr4wer,or if,after notice by Lender to Borrawer that the�pposing Par�y
<br /> (as defined�n t�e next sentence)o�f�rs t�make an a�vard to set�le a c�a�m for damage�,Borra�er fa��s ta
<br /> respond to Lender within 3�days af�er�he date the�notice is given,Lender is author�z�d ta eol�ect and apply
<br /> the Miscellaneous Prviceeds either to restoration or repau of the Property or to the sums secur�d by this
<br /> N�BFt,►4SiCA-Single Family-Fannie MaelFreddie Mac L1NiF�RM 1NSTRLIMENT WITH MERS Form 3428 1I41
<br /> VAPIp� VMPfi►4�NE}�134�}.4D
<br /> W�1te�s Kfuwer F�rta�ial Serv�ces Page�0 ofi 17
<br /> q 33554�83G� 4�33 419 1411
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