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<br />200600025
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<br />As a result of these agreements. Le11der, any purchaset of the Note, another inSUJ'l'::T. any reinsurer.
<br />any other entity. or any affiliate of any of the foregoing, may receive (directly or indirectly) amounts that
<br />derive from (or might be characteri:r..ed as) a portion of Borrower's payments for Mortgage lnsurauce. in
<br />exchange for shariI;lg or modifying the mortgage insurcT'S risk, or reducing losses. If such agreement
<br />provides that an affiliate of Lender takes a sbare of the insurer's risk in. excha1Jgc lor a share of the
<br />premiums paid to the insu.rer, the arrangement is often termed "captive reinsurance." Pun:her:
<br />(a) Any such aweements will "ot affec:t the aJIIO\lDts that Borrower has agreed to pay for
<br />Mortgage Insur;UlCe, or any other terms of the Loan. Such agreemenL'1l will not increa.qe the amount
<br />~)rrower wUl owe for Mortgage Insur:aoce, and they will not entitle BolTl)wer to any refund.
<br />(b) Any such agreements will not affect the right(j Borrower hilS ~ if any ~ with Mlpect to tbe
<br />Mo~age Insurance under the Homco~rs Protection Act of 1998 or lWy other law. The.IIe righu;
<br />may IDchu;le the right to receive certain djS(:lo!'lures, to requa-of. and obtaID cancellation of the
<br />Mortgage II1s1mmce. to have the Mortgage Insurance tf'rIDinated automatically, and/or to receive a
<br />refund of .ny Mortgage Insunmce premiums that were unearned at the time of ~ucb canccllation 01'
<br />termination.
<br />11. Assignment of MbiceIlancous Prooeeds; Forfeiture. All Mlscellat:leotL<;Proceeds ;\Te hereby
<br />assigned to ;uu;I rshall be paid to Lender.
<br />If the Property is ~ed, such Miscellm'lCOus Proceeds sball be applied to re~toration or repair of
<br />the Property. if 1l1e restoration or repair is econom.ically feasible and ~der's security is not lessened..
<br />During such repair and. rel:ll.Oration period, Lender shall have the right to hold such Miscellaneous Proceeds
<br />until Le1:lder has had an opportunity to inspect $\lch Property to ensure the work has be::cn completed to
<br />Lender's satisfaction, provided. that such i11spec:tion wall be undertaken promptly. Lender may pay for the
<br />repairs and restoration in a single disbursement or in a series of' progress paymcnl'> as the work is
<br />corople.ted. Unless an agre.emc:nt is made in writing or Applicable Law requires mtCTC$lt to be paid On sucil
<br />Misccl1aneous Proceed..... Lender shall fl()t be required to pay Sorrower any interest or earnings on such
<br />Miscellaueol,l$ :Proceeds. If we re::..toration or repair is not economically fea.!..ible or LenOer"'!:' security would
<br />be l~~ncd, the Miscell~cou!\ Proceeds shall "be applied. to the sums &ccured by this SecurIty Instrument.
<br />whether or not then due, with the exet..."\S, if any, paid. to Borrower. Such Miscellaneous Procecd.... shall be
<br />applied in the order provided for in Section 2.
<br />In the event of a total taking, destruction, or loss in value of the Property, the Misccllmcous
<br />Proceeds shall be applied to the: sums secured by this Security lxtstrurne:nt, whether or not then due. with
<br />Lhe: ex.cess, if any, ~d to Borrower.
<br />ln the event of a partial taking, det.1.ruction, or loss in value of the Property in which the fliir market
<br />value of the Property imm:diately beiOTC the partial takitlg, destruction. or loss in value is equal to or
<br />greater than the amount of the limns secured by this Security lnstnJrncnt immed.;,ately before the partial
<br />taking, destTl.lction. or loss in val\le, unless Borrower 1111d Lender otberwillC agree in writing, the sums
<br />secured. by this Security Insttu.mc:nt shall be redUced by the am01,II1t of the Millccllmcous f'rocee(h;
<br />multiplied by the following fraction: (a) the total amount (}f the sums secured immediately before the
<br />partial taking, destJUCtiOn. or loss ill value divided by (b) thc fair market value of the Property
<br />immediately bcfore the partial taking, destruction. or loss in. value. Any balance shall be paid to Borrower.
<br />In the event of a partjaJ takitlg, destruction. or loss in valJJe of the Property in which the fair mMkc:t
<br />value "f the Property i1'l'l:mediately before the partial taking, (l.e:$t1'UCtion, or 101l$ in. value is lelll'l than the
<br />amount of the s'urns secured immedi.fl.tcly before the partial taking, d.esLructiOn. or lOl% in value, unle&l
<br />Borrower and Lender otherwise agree in writitl8. the Miscellaneou:~ Proceeds shall be: applied to the sums
<br />secured by thil:l Sac:urity Instrument whether or not the sums Me then due.
<br />If the Property is abandoned by Borrower, or if, afLc."T notice by u:ndcr to Borrowet that the
<br />Opposing Party (as defined in !he next sentence) offers to make an award to seme a c:Iaim for damages.
<br />Borrower fails to Tel>JlOtld to Lender within 30 days after the date the notice is givCD, Lender is Iillthorized
<br />to collccr and apply the Miscellaneous Proceeds either to Te.'ltc:rration or repair of the PropertY or to the:
<br />sums secured by this Sec:urity InsLrument, whether or not then due. "Opposing Party" me&1." the third party
<br />that owes Borrower Miscellaneol,l$ Proceeds or the party against whom Borrower has a right of action ix1
<br />regllTd LO Miscellaneov.s Proceeds.
<br />Borrower shall be in default if any action or proceeding, whetht:r civil or criminl:ll. is begun that. in
<br />Lender's judvnent. could result in forfeiture of the Propr::rLy or other lwterial impairme1:lt ()f under's
<br />interest in the Property or righL1\ 'wlder this Security lnstrumem. Borrower can cure such a default and. if
<br />a.ccd.eration has ()CCUII'OO, reinstate liS provided in Section 19. by ~ the action or proceeding to be
<br />(Z.:tt":;:'",71<};J , 0512096854
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<br />~'6A(NI;;) (04(l7} Pag~ 9 or IS Form 3028 1/01
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<br />O'VO.d
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<br />108t882:9t8
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<br />~'lIl lSHI~ A1IHfiOaS
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<br />L8=8t 9002:-9t-O~a
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