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200210144
<br />As a result of III agreeniciI Lender, any purchaser of the Note, another insurer, any reinsurer,
<br />any other entity, nr uric afliliam of illy of the foregoing, may receive (directly or indirectly) amounts that
<br />derive from (or ml_'hl he charac¢rf<ed a,o a ,urban of Borrower's payments for Mortgage Insurance, in
<br />exchange for sbaline tit mod'imng the mortgage insurer's risk, or reducing losses. If such agreement
<br />provides that an al'lili,ce of Laldet takes a share of the insurer's risk in exchange for a share of the
<br />premiums paid to the Insurer_ the nrrm_cmnnl Is ohcn termed "captive reinsurance." Further.
<br />(a) Any such Imi- eenumts ,rill not affect tlne annulus that Borrower has agreed to pay for
<br />Mortgage Insuraa " ur any other terns of the Loan. Such agreements will not increase the amount
<br />Borrower will nee for Murtquge luxuriate, and they will not entitle Borrower to any refund.
<br />(h) Any such agreements „ill not affect the rights Borrower has - if any - with respect to the
<br />Mortgage insurance under the lionico naners Protection Act of 1998 or any other law. These rights
<br />may include the right to rescue certain disclosures, to request and obtain cancellation of the
<br />Mortgage Insurance. to here the Mortgage Insurance terminated automatically, and /or to receive a
<br />refund of any D9ortgaCe lietiauec prruiums that were unearned at the time of such cancellation or
<br />ter initiation.
<br />11. Aaaiguotent o1',\lisccllancous Proceeds; Forfeiture All Miscellaneous Proceeds are hereby
<br />assigned to and "'Al hr paid uI Ldnda.
<br />If the Pripelry h d'nmaaed. such MGcdlanmos Procecds shall be applied to restoration or repair of
<br />the Property. if Ni revlorsl iue oI rcp:Iir Is ccononticalI% feasible and Lender's security is not lessened.
<br />During such rep, inmd restoration period_ bonder shall have the ri ght to hold such Miscellaneous Proceeds
<br />until Lender has Imd an oppnrtuoity to Inspect such Property to ensure the work has been completed to
<br />Lender's sat istaet fun nrocided 11iLI such lo'pection shall be undertaken promptly. Lender may pay for the
<br />repairs and restoration in a sash dixhu¢cmcnl or iu a series ul progress payments as the work is
<br />completed. Unlc'n tin aurccmctu is made In writing of Applicable Law requites interest to be paid on such
<br />Miscellaneous Proceed,, lender shall not be required to pay Borrower any interest or earnings on such
<br />Miscellaneous Procecds. If the rcsmralion cc repair is not camomically feasible or Lender's security would
<br />be lessened, the Nluadlaocous Plncccds shall be applied to the sums secured by this Security Instrument,
<br />whether or not then dill, wuh Ihr excess. if env, paid to Bnnown. Such Miscellaneous Proceeds shall be
<br />applied mr the order pn ale 101 in Section 2.
<br />In the c gent oI a tl d<in__ destroctou, or Ins, in value of the Property, the Miscellaneous
<br />Proceeds shall be applied to the wars secured by Ihis Scenrity bolromeol, whether or not then due, with
<br />the excess, i t :im, Puu cd wBLtL,v,Li
<br />In the event of nontul mktne. dcsouL olu, it loss 'w value of the Property in which the fair market
<br />value of the Pnc 't, Inmmdiatch before the pan lal [akin,, destruction, or loss in value is equal to or
<br />_rcater than the amount of Ihr sums sc,ttN by Ihis Security instrument immediately before the partial
<br />taking, deSlNCllna, or loss in cahm. unless Borrower and Lender otherwise agree in writing, the sums
<br />secured by thin Stencilv hts(junsnt shall be reduced by the amount of the Miscellaneous Proceeds
<br />multiplied by the following Iraunon Ito the Intel annum of Ibc soars nrtred immediately before the
<br />partial taking, dcc ntGlon. or hma .i, raluc divided by (b) the fair market value of the Properly immediately
<br />before the ptiolml d: n uenra:_ t loll, In value Am halaucc shall be paid to Borrower.
<br />In the cent )I .i u r k' "_ d unction, of Ins iu value of the Property in which the fair market
<br />value of the Prnpi , tolcticueh 6111'1e the panful mlsing. destruction, or Loss in value is less than the
<br />amount of the n¢ns t I n-lrLrdI I etc bdorc the part lal taking, destruction, or loss in value, unless
<br />Burrower and rh """' .w..,a, I „'citing_ the Miscellaneous Procecds shall be applied to the sums
<br />secured by ihic Sea, oi's lustre mate ,oheWur or our the sump arc then due.
<br />It the I'a,pni, - ah:m I"it —I by Bonowcr, or I. alter notice by Lender to Borrower that the
<br />Opposing Part la, „chard m Ihr lcu sentence) offers m stake au award to settle a claim for damages,
<br />Borrower fills to icnpoud to I,cau:or union 30 days after the date the notice is given, Lender is authorized
<br />to collect and apply rut M3urlhears Prourxls either m restoration or repair of the Property or to the
<br />'Loos secured by Ihts Sccurib lostransnt, whdhei ur not Ihcn due "Opposing Party" morns the Intel party
<br />that owes Bnrrowur AI isccllenuous Procecds or the piny against whom Borrower has a right of action in
<br />regard to Miscll Limo 11niads.
<br />Borrower shall I'LL it auh if :mv acion or proceeding, whether civil or criminal, is begun that, in
<br />Lender's LLI.1111 rc,uil In G titu uc of the 11 n.1,eny or other material impairment of Lender's
<br />inlerwt in the Ptopcx o, ri,hla r:nder ih¢ Security Instrument. Borrower can cure such a default and, if
<br />-uNFl Farm 3028 1101
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