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200207253
<br />As a result of these agreements, Lender, any purchaser of the Note, another insurer, any remoure ,
<br />any other entity, or any affiliate of any of the foregoing, may receive (directly or indirectly) amounts that
<br />cerise from (or might be characterized ad a portion of Borrower's payments for Mortgage insurance, in
<br />exchange for sharing or modifying tire mortgage insurer's risk, or reducing losses. If such agreement
<br />provides that an affiliate of Lender takes a share of the ins risk in exchange for a shire of the
<br />premiums paid to the insurer, the arrangement is often termed "captive rdruurance." Further;
<br />(a) Any such agreements will not affect the amounts that Borrower has agreed to pay for
<br />Mortgage Insurance, or any other terns of the Loan. Such agreements will not increase the mnount
<br />Borrower will owe for Mortgage Insurance, and thew will not entitle Borrower to any refund.
<br />(h) Any such agreements will not affect the rghts Berrowor 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 the Mortgage Insurance terminated automatically, and/or to receive a
<br />refund of any Mortgage Insurance premiums that were untamed at the time of such cancellation or
<br />termination.
<br />IL Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby
<br />assigned to and shall be paid to Lender.
<br />If the Property is damaged, such Miscellaneous Praceede shall be applied to restoration or repair of
<br />the Property, if the restoration or repair is economically feasible and Lender's security is not lessened.
<br />During Huth repair and risen w on period, Lender shall have the right to hold such Miscellaneous Proceeds
<br />until Lender has had an opportunity to inspat such Property to ensure the work has been completed to
<br />Lender's snGsfudion, Provided that such inspection shall be undertaken promptly. Lender may pay for the
<br />repairs and restoration in a single disbursemed or in a s wics of progress payments as the work is
<br />iscel l ne us Pro ee s, Lead agreement is mode iv writing or Applicable Gen r any interest N be paid on such
<br />Miscellaneous Proceeds, Lender shall not be required to pay Borrower any rote Le d' earnings on such
<br />Miscellaneous Proceeds neous restoration owepeia is not to the sums; s feasible or Lender's severity would
<br />be ether or the Miscellaneous he excess. Proceeds shell be applied m the sums ush Miscellaneous by ands Security Instrument,
<br />whether or not then due, with the excess, if any, paid le &rrrmver. Such Miscellaneous Proceedv shall be
<br />applied In e the order provided for in g, de Section 2.
<br />In the event applied loo taking, destruction, is Seca it Instrument, of the whether the Miscellaneous of
<br />the shall be applied to the sumo secured by thin Severity Ivslvumevq whether or not then doe, with
<br />the a In the if any, paid a Borrower.
<br />In the erect er a partial taking, efire die p ti loss in value of the Property is which the fair maker
<br />value of the Property iinmedie sums before ed pietist taking,
<br />Seiu i destruction, or loss at value is ethe ar or
<br />greater that the mhount of the sums severed or this Security Instrument immediately before the partial
<br />skive, destruction, thisoS or loss in value, shall unless enrrnwa and Lender otherwise agree in writing, the sums
<br />secured by o t following gframen. shall be reduced it the amount e sum scented the Miscellaneous Prole
<br />multiplied by the following fraction: (a) the total divided by s the Hums seared immediately before the
<br />rearnal immus taking before or loss destruction, value district by (b) the fair market value of the Property
<br />mvncd fficy before the partial taking, , or loss in value f t balance shill be paid a Borrowed
<br />In the event Property a paeml nhkivg, fore the Pa or lose in valet of the Property in which the fair armed
<br />value of the Papery immediately before the partial taking, taking, or lone it lasso o lees than the
<br />cal of the sums secured se nature befog, the partial aneou, destruction, or leas in value, sums
<br />warned by Lender otherwise agree et whiling the sMiscellaneous
<br />ms l e their ueceoda shall he applied m the awes
<br />seemed by this pary Security Instrument whether or not the some we then due
<br />If doe Property is ed in t red next Borrows, or if, after entice rd Lender to Borrower that es,
<br />Opposing Party (as defiled in the r within sentence) s aft m make the award to settle a claim for damages,
<br />B collect amts ap respond to Lender widnut to 30 days after the date the notice is given, Lender is authorized
<br />in collect and apply the Miscellaneous itInstrument, Pobeflo either to restoration 'O ar repair of the Property it to the
<br />Sums inured Borrower this Securty Instrument, ds oM1er or net then duo. 'Opposing Party" means the third party
<br />that regard Miscellaneous Proceeds
<br />Proceeds or the petty against whom Borrower has a right of action in
<br />regard or Borrower shall b Proceeds.
<br />Lr'sjudg shall be in result n any action ur proceeding, whether civil or criminal, is begun that, in
<br />Lender's judgment, could result in forfeiture of the Property or other r can c re such a d of Lwddn' a
<br />interest in the Property or rights under his Severity Instrument Borrower can cure such a default and, if
<br />ryV 229150
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<br />® -BINEI CG05 1 .q. !ie � "� Form 3089 Ila1
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