Normally you should change the timing belt at 60,000 mile intervals.

Having said that, the 1.5l engine is an interference engine and thus
you have likely destroyed one or more valves. You could try lining
everything up and just putting a belt on it, but if you actually HEARD
the valves hitting the piston as the belt jumped teeth and subsequently
broke, there is a good chance you destroyed the engine overall. At the
very least I would have shut down as soon as I got the 'expensive
sounding noises' from the engine bay.

If it was my car I would say step one is to remove the cylinder head
and see where it stands from there.

Good luck with it.

Chris

if you need the belt, contact this
guy--http://stores.ebay.com/PartsDinosaur_W0QQssPageNameZstrkQ3amewaQ3amesstQQtZkm.
he sells the belt, the roller bearings and tensioner, gaskets and a water
pump for under $100. When you have it open, change the water pump too. no
sense putting stress on the old pump shaft, only to have the pump bearings
go six months later. the labor is the same.

I would open the timing cover. rotate the gears end. you might have lucked
out, but I doubt it. the pistons are right up almost against the intake
valves. The pistons probabily survived, worst case, you might have to
replace a valve guide or two.
With that much milage, you may as well do a valve job anyway. Then you
will have the head off, and can see where you are. you have to change the
belt anyway when you do a valve job. I just had it done on my daughters
2000 Sportage at 60k, cost $750 with me providing the belt kit. Plus we
changed the fuel pump, fuel filter, plugs, wires and some hoses, while it
was apart. that's not really a big sum over the scheme of things, spread
over 5 years of use. $150 a year for maintenance.