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<br />As a result of these agreements, Lender, any purchaser of We Note, az►other insurer, any reinsurer,
<br />any other entity, or any afflliate of any of the foregoin� , may receive (directly or indirectly) amounts t6at
<br />dedve from (or might � c6aracterilzed as) a portlon o� Borrower's payments for MoRgage Insurance, in
<br />exchange for sharing or raodifying the mortgage lnsurer's risk, or reducing losses. If such agreement
<br />pravides that an aflitiate of Lender takes a share of the ittsurer's rlsk in exchange for a share of the
<br />premiums paid to the insurer, ihe arran$ement is often termed "captive reinsurance." Further:
<br />(a) Any anch agte��ts w71 not affect the amounts that Borrower has agreed to pay for
<br />Mortgage Insarance, or any otha tatms of tho Loan. Such age�ents w�l not increas� the amount
<br />Borrower w�l owe for Ma�tgage Insurance and th wIll not entitle Borrower to any rofnnd.
<br />(b) Any snch agrean�ts will nat a�ed the r�ghts Barowea has - if any - with resped to the
<br />Mo�tgage Insuranoo under tha H�oownars Pratoctian Ac� of 1998 or any oth� lew. Thoso rights
<br />may include the right to rearive certain discl�res, to reque� aad obtein c�acellatian of the
<br />Mortgago Insuranco, to have the Moztgago Inauranco termin�ted automaticalty, aad/or to receive a
<br />refi►nd of any Mortgage Insaranoe pr�iums that ware une+araed at the time of auch caacellatio� ar
<br />termination.
<br />11. Assignmeat of Miscellaneous Proc�eds; Forfoitura. All Miscellaneons Proceeds are hereby
<br />assigned to and shall be paid to I.ender.
<br />If the Property is damaged, such Miscellaneaus Proceeds shall be appHed to restoration or repair of
<br />the Property , 9f the restoratian or repair is economically feasible and Lender's security is not lessened.
<br />DurSng suc6 repair and restoration perlod, Lender shall have the right to hold such Miscellaneous Proceeds
<br />until Lender 6as had an opportunity to inspect such Property to ensure the work has been completed to
<br />Lender's satisfaction, provided that such inspecflon shall be undertaken promptly. Lender may pay for We
<br />repairs and restoration in a single disbursement or in a serles of pro�ress payments as the work is
<br />completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid oa such
<br />Miscellaneous Proceeds, Lender shall not be required to pay Borrower any interest or earnings on such
<br />Miscellaneous Proceeds. If the restaratlon or repair is not economically feasible or Lender's secnrity would
<br />be lessened, the Miscellaneons Proceeds shall be applied to the sums secured by this Securlty Instivment,
<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 total talcing, destruction, or l�s in value of the Pro , the MLscellaneous
<br />Proceeds shall be applied to the sums secured by this Security Inshvment, whe er or not then due, wiW
<br />the exc�.ss, i�' any, aid to Borrower.
<br />In dte event o� a�rtial taking, destruction, or loss in value of the Progerty �n which the fair market
<br />value of the Property immediately before ttie partlal talcing, destruction, or loss in value is equal to or
<br />greater than the amount of the sums secured by this Securtty Instrument immecliately before tl�e partial
<br />taking, destructlon, or loss in value, unless Bnrrower and Leader otherwise agree in writing, the sums
<br />secured by this Security Instrumeat shall be reduced by the amount of the Misceltaneous Pr�eeds
<br />multipHed by the following fraction: (a) the total amount of t�e surns secured imme�iately before the
<br />partial taking, destrucHon, or loss in value divided by (b) the fair market value of the Property
<br />immediately before the parflal taking, deswction, or loss in valne.�y balance shall bep�td to Borrower.
<br />In tbe event of a partial taking, destrudion, or l�s 9n value of tbe Property in which the fair market
<br />value of We Property immediately before the partial taking, d�trucHon, or loss in value is less than the
<br />amount of the sums secured immediately before the partial taking, destructton, or loss in value, unless
<br />Borrower and Lender oWerwise agree in wrlting, the Miscellaneous Proceeds shall be applied to the snms
<br />secured by th9s Securtty Instrument whether or not the sums are then due.
<br />If the Property is abandoned by Borrower, or if, after noflce by Lender to Bonower that the
<br />Op�sing Party (as deflned in the next sentence) offers to make an award to settle a claim for damages,
<br />Borrower fails to respond to Lender within 30 days after the date the notice is given, I.ender is authorized
<br />to collect and apply the Miscellaneous Proceeds either to restoraHon or repair of the Property or ro the
<br />sums secured by this Securlty Instrument, whether or not then due. "Oppc►siug Party" means the third party
<br />that owes Borrower Miscellaneous Proceeds or the party against whom Borrower has a rlght of action in
<br />regard to Miscellaneous Proceeds.
<br />Borrower shall l� in default if any actioa or praceeding, whether civil or criminal, is begun that, in
<br />Lender's judgment, could result in forfeiture of We Property or other materlal impairment of Lender's
<br />fwterest in the Property or rights under this Securlty Instrument. Borrower can cure such a default and, if
<br />acceleraflon has �curred, reinstate as provided in Section 19, by causing the action or proceeding to be
<br />001122399875 Cit�lVlortgage 3.2.45.41 V2
<br />� N SKA - Single Family - F�tnfe Mae/Freddle Mac UNIFOi3NA INSTRIIMBdT
<br />q�q (�» �e e m is ��aae�s: Fortn 3028 1l01
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