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2� 1 ��7457 <br /> � <br /> deriv�fram �ar migl�t b�characteri�ed a�)a pat•tic��7 c�f�3or����vcr'S pay�net-�ts f�r MUrt�a�e �ns��ra��c;e, <br /> i�� �xcha���e for shar�ng or��nadify�ng��ze mort�a�e i i�s��rc�-'s risk, or t-�:c��rci n�; lossc:s. �f's�.��:1�a�rce��n�x�t <br /> pro�ides�hat an aff�ia�e UF Le��d�r ta��es a 51��re�f�tl�e it75�xr�r's risl�. i i� �xcf�ail�� f�r•��s����r�e �f�th� <br /> premiums paid ta the i��s��rer, t���ar�•a���e�n�t7t is �f't���t�rrr�cc� "cap�ive r�i��s�rrai�c�." �1��r-���cz�: <br /> ��}Any such agrcements vvi��nUt at'�e�t�he�tmUunts that l�arr�wt�r�as ag�rccd t� p���f�r <br /> Mortgage In�uran�e,or any othe�-tcrrr�� ot'fihc Lc�an. Such a�recm�nts wi�� not �ncr���si�hc <br /> amount�3orr�wer wi��owe for IVI�rt�age �n��x�-�n�e,and thc�w��� not entxt�c �3Urr�wcr to arny <br /> ref und. <br /> ��3�Any su�h agrccrr�€�nts wil�no��ffc�#thc r��hts �3�rro�vvcr�a�- if'ariy-� Wvith rc�spGct to the <br /> 1'VYortgs�ge Insu�rance�undcr the I�omcowncrs 1'�c�t�cti�n Act a#'1998 �r��ny othcr l��w. rl�hesc <br /> r�ght�may incl�x�c fhe right f:o r���ivc cc�rta�n c:���c�os�ures, t� rc€.�uc�t ��,�d obt��in t��n«��ati�n o#' <br /> thc I'Vivrt�;��;e Irisurancc, fv h���ve fhc �Vl�rt�;E��c �n5�r��nce tc�rrx�in��t��:� iIU�U��I7`e1�1Csil��r, ���ci14�r�u <br /> re�e��e� �-efund of��n�1'V�or#.�a��YnSurantc�r�miu��� �:hr3t�r�v��r� unc�r���� at �hc �i�r�� e��'such <br /> �anc�l�afion ar t�c�rmina�i�n. <br /> '�'I. As�igr�rnent c�f iV��s���l�n�ous Proc����; Fc�rf�iture. .�111 M�sc�llanc���rs �'roc�eds arc <br /> hercby assig��e� �� an� sl�al� be �aic� t� �,e��dcr. <br /> If�l�e Pt��p���:y is dama�;�d, such M i scel 1 a���:o��s z-'r�ce�:ds sl�a�1 bc� app 1 ied to restorati c�n Ur rcpai r o f <br /> the Property, if�he res�oratioi� or repa.i r is eco��ox�n i�:a�Iy f'easi ble a��d I�e��der's s�c�.zri�y �s ��ot lessened. <br /> L]uring�uch repair a��d restorati�n period, I��ti�er s��dl� l�d�e t��e ri�;h#�0 1-�old suc�1 MiSccl�at�e��rs <br /> Prace�ds E����il Len�i�r h�s l�ad an apportux�ity to i�-�spe�:�such I'raperty�� et�s�rr�th�w��-k hds be�t7 <br /> comp�eted t� L�nder's satisfactio�i, pr�vi�ed tl�af s��cl� ir75pcc�io�-� s1�a�I b� L�nc��rta�cc}�� ����t������t�y. �.1c���c��r <br /> may pay for the repairs a��c� �-�st�rat�oi� in a si����� c�isb�.�rs��l��nt Ur in a seri�s af prc��r•�ss �ayir�cnt5 �s <br /> the�vork is completed. Un�ess a�� a�;r�cment is mad� i�� �rit����o���1p�-��i�ab�e I_�aw �-�y�ti���s i���eres�.�o <br /> be �aid ot7 s��ch Miscel�a��ea��s �'roceeds, L�t�c��r sl��ll t�ot be reqL�ired to pay �3arrt3�v�r ai�� i��terest U� <br /> earni���s o�� sueh Misc�lla��eo�zs �'ro�eeds. If the r�storat�a�� ar r�pair is ��c�t e�:���c�x��e��i�y fedsibt�t�r <br /> Lender's security wo��id be �esse��ed, t��re M�s�;��lane�3��s �'rocecds shd�1 b�app�ied �c�thc sui�s sec�tred <br /> by this Security Instr��ment, whether or��at thc�n due, w��th the excess, if a�7y, pald to ���rror�v�.�r. S�zch <br /> Miscel�ai�eous Yr�ce�ds shal� be app�i�d i�� �l�c:or�er pro�ided for ii� Sectio��2. <br /> I��the e����t of a�otal tdkin�, dcstructi�n, �x� lass ii� valL�e of�I�e �'r�p�rty,�he Miscelld���ou5 1'��ce�ds <br /> shall b�app�ied t�t���sums se�L�red by this Security Iilstt-L���ep�, w��etl��r or��ni �l�e�� d���, wi�l�tl�e <br /> �xce��, i�'any, paid to B�rr�w�r. <br /> In ��1�event�Fa pal-tial �akin�, destr�rct����, c�r loss ��� �a1�« of t��e ��r�per-�y i�� whic�� t��� fair inarket <br /> �a���e of the �'rop�t�ty iinmediatcly before ii�e �ai�tial takix��;, c���irL�cti�n, or l�ss i�z �al��� is e�u��.4 �� <br /> �r�;reater���an the a�r�����1t t�f�t��c s���ns s�cut-c�� by c�7�s s�curi�y �ns����rmer�t i�nrne��iatt�ly b�f'�re the <br /> par�ia� �akz��g, destr�.�ctio��, or l�s� in �al�.i�, L���less �3orra�vc�r a��d Lei�der otl��rwisc a�;���e ��� wz-iti���;, <br /> �:he s��m� �ec«red by�his Sec�.irity �t�tstr�.���ent sl-�al� b�: red�rced by the a��nc��zt�t of'thc� Miscclla�7e���s <br /> Pr�c�eds mL�ltip�ied by th� fnl��wir�� f'r�cti�x7: �a} tl�e t��al a�r�ouzlt c�f�t���S��ins sec�zr��� �mm���at�:ly <br /> before the part�al �ak�n�;, d�stru�tion, ot• l�ss in �a�ue c���ided by �b�tl7e fai�•�-nax-lc�t�al��e�f tl�� <br /> Pr�per�y �mm�diately bef�re�h�p�r�id� taki���, ��e�tructio��, or �oss iii �al��e. �ny bala��ce s��ali be paid <br /> to �3 orro�ver. <br /> �-iC�G-D0359 <br /> NCf3i�ASKA-5ing��Family-Fannie Ma�lf=reddi�Mac�NIF�t)F�M!N5 f�fZUMf�N i ��arm.3D��3 11U1 <br /> VMF'� ��f�� <br /> Wolters Kluw�r Financia#Servic�s ��"f�1�3��315.3.;�.35�9-J�a1�U4��iY f'ag�1�o(�7 <br /> *�1i�1�09�1�i�1?* <br />