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<br />(a) Any arch agreements will nut affect the amounts first Borrower has agreed to pay for Mortgage Insurance, or any
<br />other terns of the Loan. Such agreements w'~!1 not increase the amount Borrower wiU owe for Mortgage Insurance, and they
<br />will not entitle Borrower to any rCfnnd.
<br />(b) Any such agreements will not atTect the rights Borrower des - if any -with respect to the Mortgage Insurance under
<br />the Homeowners >pro#ectinn Act of 1998 nr any other law. These rights rt-ay inclyde the right to rticciwe eeatain disclosures,
<br />to request and obtain cancellation of the Mortgage hrarranee, to have the Mortgage Insurance terminated automatically,
<br />and/or to reeve a refund of any Mortgage Insurance premiums first were rrearrred at the time of arch caneegation or
<br />termination.
<br />ll. Assignment of Miscellaneous Proceeds;. lforfaiture. All Miscellaneous Proceeds are hereby assigned to and shall be
<br />paid to Lender.
<br />Tf the Property is damaged, such lvliscellarreotrs Proceeds shall be applied to restoration ar repair of the Property, if the
<br />restoration ax repair is econoxxricaily feasible and Lenders security is not lessened- ]hiring such repair anti restoration Period,
<br />Lender shall have the right to hold such Miscellaneous Proceeds until Lender has had an opportunity to inspect such
<br />Property to ensure the work 'has lien completed to Lender's satistactian, provided that such inspection shall be undertaken
<br />promptly. Lender may pay far the repairs and restoration in a single disbursernerrt or in a scales of progress payments as the
<br />work is completed. Unless an agreement is made in writing or Applicable Law reyuixes interest to be paid on such
<br />Miscellaneous Proceeds, Lender' shall not be required to pay Borrower arty interest or eanvngs on such Mrscellaneaus
<br />Proceeds. If the restoration or repaix is not economically feasible or Lcnclds security would be lessened, the Miscellaneous
<br />Proceeds shall be applied to the sums secured by this Security Instnrment, whether or not then due, with the excess, if any,
<br />paid to Harrower. Such Miscellaneous Proceeds shall be applied in the order provided for in Section 2.
<br />In the event of a total taking, destruction, or loss in value of the Property, the Mi~ellacaeaus Proceeds shall be applied to
<br />the sums secured by this Security Instrument, whetlarr or not ttren due, with ihs excess, if arty, paid to Borrower.
<br />In the event of a partial taking, destruction, or loss in value of the Property in which lire fair market value of the Property
<br />immediately before the partial taking, destruction, or loss in value is equal W or greater than the amount of the sums secured
<br />by this Security Instrtnnaetrt immediately before the partial taking, destruction, or loss in value, unless Borrowerr and Lender
<br />otherwise agree in wilting, the sums secuued by this Secrnity Instrument shall be reduced by the amount of the Miscellaneous
<br />Proceeds multiplied by the fnliowing fraction: (a) the total amount of the sums secured immediately before the partial taking,
<br />destruction, ox loss in value divided by (b) the fair market value of the Property rmtnediately before the partial taking,
<br />Bestruction, or loss in value. Any balance shall be paid to Borrower.
<br />In the event of a partial taking, destruction, or Ioss in value of the Property in which the fair market value of the Properly
<br />immediately before the partial taking, destruction, or loss in value is less than the amount of the runts seared immediately
<br />before the martial taking, destruction, or loss in value, unless Harrower and Lender otherwise agree in writing, the
<br />Mrscellar~eaus Proceeds shall be applied to the sums secured by this Security Insdument whether ar rat tl-e sums are then
<br />dom.
<br />I[ the Property is abandoned by Bozznwer, or if, after notice by Lender to Borrower that the Opposing Party (as defined in
<br />the ne:ct sentence) offers to make an award to settle a claim fax damages, Harrower fails to respond to Lender within 30 days
<br />after the date the notice is given, Lender is authorized to collect and apply the Miscellaneous Proceeds either to xiestoratior- ar
<br />repair of the Property ox to the sums secured by dais Security Instrument, whether ax not then due. "Opposing Party" means
<br />the third party that owes Borrower Miscellaneous Proceeds ar the party against whom Harrower has aright of action in regard
<br />to Miscellaneous Proceeds.
<br />Borrower shall be in default if any action or proceeding, whether civil ar crimd~aal, is begun that, in Lenders judgment,
<br />could result in forfeiture of the Property or other nratexial irnpaixnrent of Lender's interest in the Property ar rights under this
<br />Securiiy htstrunaextt. Borrower can cure such a dsfautt and, if acceleration has occurred, reinstate as provided in Section l9, by
<br />causing the action or proceeding to be dismissed with a ruling that, in Lender's judgment, preclt~s forfeiture of the Property
<br />ar other material impairrrtent of Lender's interest in the Property or rights under this Sect><ity Insmrmeait_ 7°trc proceeds of any
<br />award or claim for damages that axle attributable to the impairment of Lender's interest in the Property are hereby assigned and
<br />shall be paid to Letuiex.
<br />All Miscellaneous Proceeds drat are not applied to restoration ox repair of the Property shall be applied in the order
<br />provided for in Section Z.
<br />Nt~3RA81(A . Sit>01e i=amiY -t=annic MaelPraddia Mac t1M~t)RM INSTRUME1t7
<br />~~ ~~,~ a;pe a d t~ way ~,(~I-_ ~ Farm 9Q28 1107
<br />I?D3-NE9
<br />p00pNE9638076
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