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200303085
<br />As a result of these a�ggreements. Lender, any puseler cr of the Note, another Insurer, any minsmer,
<br />arty other amity, or any affiliate oP any of the faregoing, may receive (directly or indirectly) ammmts that
<br />derive from (or might be characterized as) a portion of Borrowers payments for Mortgage Insurance, In
<br />exchange for sharing or modifying the mortgage Insurer's risk, or reducing losses. If such agreement
<br />provides that an affiliate of Lender mkes a share of the insurer's risk in exchange for a share of the
<br />premiums paid to the insurer, the arrangement Is often termed' captive reinsurance.' Further.
<br />(a) Any such agreements will not affect the amvmts that Borrower has agreed to pay for
<br />Mortgage Interface, or any other terms of the Loan. Such agreements will not increase the amount
<br />Borrower will owe for Marriage Insurance, and they will not entitle Borrower to any refund.
<br />(b) Any such agreements will not affect the rights Borrower has - if any - with respect to the
<br />Mortgage Insurance under the Homeowners Protection Act of 1998 or any other law. These rights
<br />may include the right to receive certain disclosures, to request and obtain cancellation of the
<br />Mortgage Insurance, to have line Mortgage Insurance terminated automatically, and/or to receive n
<br />refund of any Mortgage Insurance premiums that were nneamed at the time of such cancellation or
<br />termination.
<br />I1. Assignment of Movellamous Proceeds; Forfeiture_ All Miscellaneous Proceeds are hereby
<br />assigned to and shall be paid m Lender.
<br />If the Property is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of
<br />the Properly, if the restoration or repair is economically feasible and Lenders security is not lessened.
<br />Diming such repair and restoration period, Lender shall have the right to hold such Miscellaneous Proceeds
<br />until Lender has bad an op r unity to inspect such Properly to ensure the work has been completed to
<br />Lender's satisfaction, provided that such inspection shall he undertaken promptly. Lender may pay for the
<br />repairs and restoration in a single disbursement or sable s of progress payments as the work is
<br />isc completed,
<br />llane us Pro a agreement Lender Is made In writing re Applicable Law requires ainterest te o to ar paid on such
<br />Miscellaneous Proceeds. Lander shall not r r required t pay Bmally f any or L de earnings on such
<br />hMiscellaneous lee , t Proceeds. If the restoration
<br />Pr oeeds of l he a is not economically feasible or Lender's security waved
<br />be lessened, the Miscellaneous Proceeds shell be applied to the sums secured by this us Proceeds eds shmem.
<br />whether or not then due, with the excess, 6 any, paid m Borrower, Such Miscellaneous Proceeds shell he
<br />applied in the order of a tow] in Section 2
<br />In the event f i mice taking, secured by is loss it value of the Property, the hen due, with
<br />Proceeds shall be applied m the sums secured by this Security Instrument, whether or not then due, with
<br />the excess, e if e any, paid a Borrower.
<br />In o the event era pastel taking, destruction, the p, or lass in value of (he Property ii v a the fair market of
<br />value of the Properly immediately before the partial taking, deswumn, or loss in value is equal ar or
<br />greater than the amount of the alms secured orthis Security der other Immediately
<br />agree before the partial
<br />taking, by ownsOS, or loss in value, unless Borrower and Lender otherwise agree in writing, the sums
<br />secured by this Security g lesions (a) t e reduced mount the amount se the Miscellaneous Proceeds
<br />multiplied by the following orals¢ (a) the toil amount of the sums market immediately before the
<br />pastel taking, destruction, it log in value divided by (b) the Ybalance market value of the Property
<br />Immediately life eventrf ae partial taking, g destruction, or loss n value of I c a shill he pn the Bor market
<br />pa perry in w
<br />value of the a sums Property immediately before the pestle taking, destruction, kingdestruction, or loss in value Is less than unless
<br />the
<br />amount of the sums secured immediately before the pastel taking, Proceeds shall or Ion in value, unless
<br />Borrower and Lauder y Instrument agree et writing, the Mims are then Proceeds shall be applied to the sums
<br />secured If the this Security Instrument whether or not the sums are then due.
<br />IF the Property is ed in next Borrower, to t after entice by Lender to Borrower that the
<br />Opposing Party r defined in iha next sentence) offers to make an award to seven a Lender for damages,
<br />Borrower rails to respond to Lender within ce 30 days after the date the notice a given, Lender rt authorized
<br />su collect and apply the rity Instrument, Proceeds either no m restoration 'O or repair of the Property it m the
<br />sums cured by this Security Instrument, whmho or not then due. "Opposing Party " means the third parry
<br />that
<br />gard to Borrower Miscellaneous Proceeds of the party against wham Borrower has a right of action in
<br />regard or owerrsla shall be in default
<br />Borrower shall be in default n any alien or proceeding, or oche civil er criminal, imp is e begun then, m
<br />Lenders judgment, Prot could result in under this S u the Properly or other material re such a d fa Lender's
<br />interest in the Property or tights under this Security Instrument, Borrower can core such a default and, If
<br />acceleration has occurred, initiation as provided in Section 19, by taus' urtt¢tye Agion or proceeding to be
<br />I,AIE21000236146 1000236146 \p��jyTTTLLLjj W�Illy \ \ \ \` 0
<br />�EAgdBalom vqs ns Form30i0 Pat
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