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<br />200512347
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<br />As a result of these agreements, Lender, any purchaser of the Note, another insurer, y reinsurer, any
<br />other entity, or any affiliate of any of the foregoing, may receive (directly or indirectly) aunts that derive
<br />from (or might be characterized as) a portion of Borrower's payments for Mortgage Insur nee, in exchange
<br />for sharing or modifying the mortgage insurer's risk, or reducing losses. If such agreemen provides that an
<br />affiliate of Lender takes a share of the insurer's risk in exchange for a share of the pre iums paid to the
<br />insurer, the arrangement is often termed "captive reinsurance." Further:
<br />(a) Any such agreements will not affect the amounts that Borrower ha.. a eed to pay for
<br />Mortgage Insurance, or any other terms of the Loan. Such agreement.. will not inc ase the amount
<br />Borrower will owe for Mortgage Insurance, and they will not entitle Borrower to any r undo
<br />(b) Any such agreements will not affect the rights Borrower has - if any - wit respect to the
<br />Mortgage Insurance under the Homeowners Protection Act of 1998 or any other law. ese rights may
<br />include the right to receive certain disclosures, to request and obtain cancellation f the Mortgage
<br />Insurance, to have the Mortgage Insurance terminated automatically, and/or to receiv a refund of any
<br />Mortgage Insurance premiums that were unearned at the time of such cancellation or t rmination.
<br />11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Pro eeds are hereby
<br />assigned to and shall be paid to Lender.
<br />If the Property is damaged, such Miscellaneous Proceeds shall be applied to restorati or repair of the
<br />Property, if the restoration or repair is economically feasible and Lender's security is not lessened. During
<br />such repair and restoration period, Lender shall have the right to hold such Miscellanea s Proceeds until
<br />Lender has had an opportunity to inspect such Property to ensure the work has been com eted to Lender's
<br />satisfaction, provided that such inspection shall be undertaken promptly. Lender may pay ti r the repairs and
<br />restoration in a single disbursement or in a series of progress payments as the work is co leted. Unless an
<br />agreement is made in writing or Applicable Law requires interest to be paid on such Miscel aneous Proceeds,
<br />Lender shall not be required to pay Borrower any interest or earnings on such Miscellaneou Proceeds. If the
<br />restoration or repair is not economically feasible or Lender's security would be lessened, e Miscellaneous
<br />Proceeds shall be applied to the sums secured by this Security Instrument, whether or not en due, with the
<br />excess, if any, paid to Borrower. Such Miscellaneous Proceeds shall be applied in the ord r provided for in
<br />Section 2.
<br />In the event of a total taking. destruction, or loss in value of the Property, the Misce aneous Proceeds
<br />shall be applied to the sums secured by this Security Instrument, whether or not then due, ith the excess, if
<br />any, paid to Borrower.
<br />In the event of a partial taking, destruction, or loss in value of the Property in whic the fair market
<br />value of the Property immediately before the partial taking, destruction, or loss in value is ual to or greater
<br />than the amount of the sums secured by this Security Instrument immediately before e partial taking,
<br />destruction, or loss in value, unless Borrower and Lender otherwise agree in writing, the su s secured by this
<br />Security Instrument shall be reduced by the amount of the Miscellaneous Proceeds ultiplied by the
<br />following fraction: (a) the total amount of the sums secured immediately before the partial king, destruction,
<br />or loss in value divided by (b) the fair market value of the Property immediately before e partial taking,
<br />destruction, or loss in value. Any balance shall be paid to Borrower.
<br />In the event of a partial taking, destruction, or loss in value of the Property in whit
<br />value of the Property immediately before the partial taking, destruction, or loss in valu is less than the
<br />amount of the sums secured immediately before the partial taking, destruction, or loss in value, unless
<br />Borrower and Lender otherwise agree in writing, the Miscellaneous Proceeds shall be ap lied to the sums
<br />secured by this Security Instrument whether or not the sums are then due.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower at the Opposing
<br />Party (as defined in the next sentence) offers to make an award to settle a claim for damag s, Borrower fails
<br />to respond to Lender within 30 days after the date the notice is given, Lender is autho . ed to collect and
<br />apply the Miscellaneous Proceed<; either to restoration or repair of the Property or to the su s secured by this
<br />Security Instrument, whether or not then due. "Opposing Party" means the third party t owes Borrower
<br />Miscellaneous Proceeds or the party against whom Borrower has a right of action in regard to Miscellaneous
<br />Proceeds. I
<br />Borrower shall be in default if any action or proceeding, whether civil or criminaIfiS begun that, in
<br />Lender's judgment, could result in forfeiture of the Property or other material impairment 0 Lender's interest
<br />in the Property or rights under this Security Instrument. Borrower can cure such a default a d, if acceleration
<br />has occurred, reinstate as provided in Section 19, by causing the action or proceeding to be dismissed with a
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<br />. -6A(NE) (0407)
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<br />In~ials: riL If.
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<br />I Form 3028 1/01
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