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<br />As a result of these agreements, Lender, any purchaser of the Note, another insurer, any rotational,
<br />any other entity, or any affiliate of any of the foregoing, my receive (directly or indirectly) amounts that
<br />derive from (or right be characterized as7 a portion of Borrower's payments for Mortgage Insurance, in
<br />exchange for sharing or modifying the mortgage muret's risk or reducing losses. If such agreement
<br />provides that an affiliate of Landes takes a share of the insurer's risk in exchange for a share of the
<br />poet u rams paid to the insurer, the arrangement is often tamal "captive reinsmunce." Further
<br />(a) Any such agreements will not affect the amounts that Borrower has agreed to pay for
<br />Mortgage Insurance, or any other terms of the Loan. Such agreements will not increase the amount
<br />Borrower "ill one for Mortgage Insurance, and they will not entitle Bo amorm to any refund.
<br />(h) Any such agreements will not affect the rights Borrower has - if any - with respect to the
<br />Mortgage Insurance antler the Homeowners Protection Act of 1998 or any other law. These rights
<br />may include (lie right to istarrise 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 unearned at the time of such cancellation or
<br />termination.
<br />11. Assignment of Miscellaneous Proceeds; forfeiture. All Miscellaneous Proceeds ore hereby
<br />assigned to and shall be paid to Lemdu'.
<br />If the Properly is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of
<br />the Anperty, if the restoration or repair is economically feasible and Forme's security is not lessened.
<br />During such repair and restoration period Lender shad] have the right to hold such Miscellaneous Proceeds
<br />until Larder has Iud an opportunity to Inspect such Property to ensure the work has been comp]ctd to
<br />L.eoder's satisfaction, providal that such inspection shall he undymarkcn promptly. Lernler may pay for the
<br />repairs and restoration in a single disbursement or in a series of progress payments as the work is
<br />ompletd. Unless an agreement is made in writing or Applicable I,aw requires interest to be paid on such
<br />Miscellaneous Proceeds, Lender "I not be required to pay Iiovower any interest or earnings on such
<br />Miscellaneous Procaods. If the restoration or repair is not eaccessucally feasible or Lender's security would
<br />be lessened, the Miscellaneous Proceeds shall be applied to the sutra secured by this Societies Ihmtr rot,
<br />whether or not than due, with the excess, if my, paid to Bmsower. Such Miscellaneous Proceeds shall he
<br />applied in the order provided for in Section 2.
<br />In the craft of a total taking, destruction, or loss in value of the Property, tire Miscellaneous
<br />Proceeds shall be applied to the sums secured by this Smartly Instrument, whether or not then due, with
<br />the excess, if any, paid to Ilurown
<br />In the Ivan of a parnal taking, destruction, or loss in value of the Property in which Ibe fair market
<br />value of the Property immediately before the partial taking, destruction, or loss in value is equal to or
<br />greater than the amount of the suns secured by this Security Instrument hmncdiately before the partial
<br />taking, destruction, or loss in value, unless Borrower cod Lender otherwise agree in writing, the sums
<br />secured by this Security Instmorart shall be educed by the amount of the Miscellaneous Proceeds
<br />multip]id by the following fraction: (a) the total amount of the sums seemed immediately before tie
<br />partial Inking, destruction, or loss in value divided by (b) the fair market value of the Property
<br />iuunediateiv before the partial taking, destruction, of loss in value. Any balance shall be paid to Borrower.
<br />In tile wan of a partial taking, destruction, or loss in valve of the Property, in which the fair market
<br />value of the Property immediately before the partial taking, destruction, of loss in value is less than the
<br />wl of the suers secured immediately before the pearled taking, destruction, or loss in value, unless
<br />Bortower and Lender otherwise agree in writing, the Miscellaneous Proceeds shall be applied to the sums
<br />seemed by this Security Instrument whether or riot the sums arc than due.
<br />If the Property is abandoned by Burrower, or if, after notice by turner to Borrower that the
<br />Opposing Party (as defined in the next sentence) offers to make an award to setae a claim for damages,
<br />Borrower fails to respond to Lander within 30 days after the date the notice is given, Lender is authorized
<br />to collect and apply the Miscellaneous Proceeds either to restoration or repair of the Propery or to the
<br />ms secured by this Security Instrument, whether ar not then due. "Opposing Party" means the third party
<br />that owes F3orrower Pr reeds. Proceeds or the poly against whom Borrower has a right of action in
<br />regard or ovMiscellaneous r shal be Proceeds.
<br />Rnvjudg shall be in desu It n any action or he proceeding, whether rival r criminal, is begun tame in
<br />Lender's the Prop wood result in under this S of the Property or other material can core impairment fa Lender's
<br />imla'est in the Property o rights under this Security Instrument. Renewer can cane such n default and, if
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