Demons Souls Fall death Camera

Hello!

I'm trying to achieve a certain affect for my players death when falling into a pit. Similar to demons souls, I'm attempting to make the camera stop in place after the player falls a set distance. The camera would then watch the player as they fall and the screen fades to black.

Ive got a basic setup for the screen fade but I haven't a clue as to how I can approach what I'm going for.

 #pragma strict
 var falling: boolean = false; // tells when the player is falling
 private var lastY: float;     // last grounded height
 private var character: CharacterController;
 var duration = 5.0; // fade duration in seconds
 
 function Start(){
   character = GetComponent(CharacterController);
   lastY = transform.position.y;
 }
 
 function Update(){
   if (!character.isGrounded){ // if character not grounded...
     falling = true;        // assume it's falling
   } else {                   // if character grounded...
     if (falling){            // but was falling last update...
       var hFall = lastY - transform.position.y; // calculate the fall height...
       var timeinair = 0;
       var deathtimer = 10;
               timeinair += Time.deltaTime;
       if (timeinair >= deathtimer){        // then check the damage/death
  
            Die();   // player is dead
       }
     }
     lastY = transform.position.y; // update lastY when character grounded
   }
   }
   
 function Die(){
   // create a GUITexture:
   var fade: GameObject = new GameObject();
   fade.AddComponent(GUITexture);
   // and set it to the screen dimensions:
   fade.guiTexture.pixelInset = Rect(0, 0, Screen.width, Screen.height);
   // set its texture to a black pixel:
   var tex = new Texture2D(1, 1);
   tex.SetPixel(0, 0, Color.black);
   tex.Apply();
   fade.guiTexture.texture = tex;
   // then fade it during duration seconds
   for (var alpha:float = 0.0; alpha < 1.0; ){
     alpha += Time.deltaTime / duration;
     fade.guiTexture.color.a = alpha;
     yield;
   }
   //reload the current level:
  Application.LoadLevel(0);
 }

I feel like I have to unparent the camera from the FPS, but im not sure.