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<br />200805531
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<br />As a result of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer,
<br />any other entity, or any affiliate of any of the foregoing, may ret'eive (directly or indirecdy) amounts that
<br />derive from (or might 1Ml chamcterized as) a portion of Borrower's payments for Mortgage Insunmce, in
<br />exchange for sharing or modifying the mortgage insurer's risk, or reducing losses. If such agreement
<br />provides that an affiliate of Lender takes a share of the insurer's risk in exchange for a share of the
<br />premiuDl" paid to the insurer, the arrangement is often tenned "captive reiostmUlCe. " 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 will owe for Mortgage Insurance, and the1 will not entitle Borrower to any refund.
<br />(b) Any sueh agreements will not affect the nghts Borrower 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 />Mortguge Insurunce, to huve the Mortguge Insuruncc tcrminuted uutomutically, and/or to receive u
<br />refund of any Mortgage Insurance premiums that were unearned at the time of such cancellation or
<br />termination.
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<br />11. Assignment of Miscellaneous Proceeds; Forfeiture. All Mi<iCellaneolL.. Proceed.. are hereby
<br />assigned to and shall be paid to Lender.
<br />If the Property is damaged, such Miscellaneous Proceed.. shall be applied to restoration or repair of
<br />the Property, if the restoration or repair is economically. feasible and Lender's security i.. not lessened
<br />During such repair and restoration period, Lender shall have the right to hold such Miscellaneous Proceeds
<br />until Lender has had an opportunity to in<;pect such Property to ensure the work has been completed to
<br />Lender's suti..faction, provided that such inspection shwl be undertltken prompdy. Lender may pay for the
<br />repain> and restoration in a single di..bun>ement or in u series of progress payments as the work is
<br />completed. Unless an agreement i.. made in writing or Applicable Law requires interest to be paid on such
<br />Miscellaneous Proceeds, Lender shall not be required to pay Borrower any interest or eumings on such
<br />Miscellaneous Proceeds. If the restoration or repair is not economically feasible or Lender's security wonld
<br />be lessened, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument,
<br />whether or not then due, with the excess, if any, paid to Borrower. Such Miscellaneous Proceeds shall be
<br />applied in the order provided for in Section 2.
<br />In the event of a toM taking, destruction, or loss in value of the Property, the Miscellaneous
<br />Proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with
<br />the excess, if any, paid to Borrower.
<br />In the event of a partiw taking, destruction, or loss in value of the Property in which the fair market
<br />vwue of the Property immediately before the partial taking, destruction, or loss in value i.. equal to or
<br />greater than the amount of the sums secured by this Security Instrument immediately before the partial
<br />taking, destruction, or loss in vwue, unless Borrower and Lender otherwise agree in writing, the sums
<br />secured by this Security Instnunent shall be reduced by the amount of the Miscellaneous Proceeds
<br />multiplied by the following fraction: (a) the toM amount of the sums secured immediately before the
<br />partiul taking, destruction, or loss in vwuc divided by (b) the fair market vwue of the Property
<br />immediately before the partiul taking, destruction, or loss in value. Any balance shall be ~d to Borrower.
<br />In the event of a partial taking, destruction, or loss in value of the Property in which the fair market
<br />value of the Property immediately lMlfore the partial taking, destruction, or loss in value is less than the
<br />amount of the sums secured inunediately before the partiaI taking, destruction, or loss in value, unless
<br />Borrower and Lender otherwi..e agree in writing, the Miscellaneous Proceeds shall be upplied to the sums
<br />secured by this Security Instrument whether or not the sums are then due.
<br />If the Property is ltbandoned by Borrower, or if, after notice by Lender to Borrower that the
<br />Opposing Party (as defined in the next sentence) offers to make an award to settle a claim for danmges,
<br />Borrower fuils to respond to Lender within 30 dltys after the dlttc the notice is given, Lender is ltUthorized
<br />to collect lUId upply the Miscellaneous Proceeds either to restoration or repair of the Property or to the
<br />SunlS securud by this Security Instrument, whether or not then due. "Opposing Party" means the third party
<br />that owes Borrower Miscellaneous Proceed.. or the party against whom Borrower has a right of action in
<br />regard to Miscellaneous Proceeds.
<br />Bomlwer shull be in default if any action or proceeding, whether civil or criminal, is lMlgun that, in
<br />Lender's judgment, could result in forfeiture of the Property or other material impainnent of Lender's
<br />interest in the Property or rights under this Security Instnunent Borrower can cure such a default and, if
<br />acceleration has occurred, reinstate as provided in Section 19, by caUSing~n or proceeding to be
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<br />002005398805 I"'LoIs:
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<br />Gl-6A(NE) (0407),01 Page 9 of 15 , ' Form 3028 1/01
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<br />CiliMorigage 3.2.15.16 V3
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