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201200389 continue to pay to Lender the ainount of the separately designated paymcnts that vrere due when the insurance coverage ceased to be in cffect. Lender will acccpt, use and retain fliese payments as a non refundable loss rc�erve in lieu of Mortgage]nsurance. Such loss reseive shall be non-refundable, notwithstanding the fact that the Loan is ultunately paid in full, and Lender st�all not be required to pay Borro�ver any interest or eamings on such loss reserve. Lender can no longer require loss reseroe payments if Mortgage Insurance covexage(in the amount and�'or the period that Lender requires)provlded by an insurer selected by Lender again becomes available; is obCained, and Lender requires separately d�ignated payments towazd the gremiums far MorCgagc Insurance. If Lender required Mortgage Insurance as a condition of making the Loan and Borrower was required to make sepazately designated pa}nnents towazd the premium�for Mortga.ge Insurance, Borrower shall pay the premiums required to maintain Mortgage Insurance in effect, or to provide a non-refundable loss reserve, until Lender's requiremcnt for Mortgage Insurance ends in accordance with any uxitten agreement between Borrower and Lender providing for such teruuuation or un#il texminafion is required 6y Applicable Law. Noflung in this Seerion 10 affects Borrowea's abligarion to pay interest af the rate provided in the Note. Mortgage Insurance reunUurses Lender(ar any cntity that purchases the Note)for certain losses it may incur if Borrower does not repay the Loan as agreed. Borrower is not a pazty to the Mortaage Insurance. Mortgage insurers evaluate their total risk oa all such insurance in force froin time to time, and may enter into a�eements with other parties th�at shaze or modify their risk, or reduce losses. These agreemeats aze on tenns and conditions that aze sarisfaetory to the mortgage insuret and the okha pazty(qi pa,Mies)to these agreements. These aa eements may�require the mortgage insurer to make payments using any source of funds that the mortgage insurer may have auai7able(which may include funds obtained from MorCgage lnsurarice premiums). P,s a result of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer, any other entity, or any affiliate of any of the foregoing may receive(directly or indirectly) amounts that derive from (or might be chazacterized as) a portion of Boriower s papments for Moregage Ynsurance, in exchange fox sharing or modifying the mortgage insurcr's risl:, or reducing losscs. If such agreement provides that aa affiliate of Iznder takes a shaze of the insurer s risk in exchange for a share of the premiums paid to thc insurer, the arrangemenT is often termed"captive reinsucance." Furtlier: (a) Ang snch agreements will not affect the amounts thut Borrower ha.s agreed to pay for Mortgagc Insurance, or any oEher terms of fhe Loan. Such agreements will not increase the amount Sorrower rvill owe for Mortgage Insurance, and they will not entitle Borrowet to any rcFund. (b) Any such agreements will not affect the rights Borruwer has-if any-with respect to the Mortgage�Insurance ander the Homeowners Protection Act of 1998 or any othcr law. These rights maq include thc right tp receive certain disClosnres, to reqaesf aud obtain cancellation of the Murtgage Ilvc�u-ance, to have the Mortgage Insvranoc terminaYed automatically, and/or to receive a refund of any Mortgage Insurance preutinms that were unearned at tIte time of such canecllalion ortermination. 11. Assignment of M iscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby assigned to and shall be paid to Lender. If the Property i5 damaged, such MiscellaneoLU Procceds shall be applied to restoration or repair of the Property, if the restoration or repair is economically feasible and Lender's secLUity is not lessened. During such repair and restoration period, Lender shall have the right to hold such Miscellaneous Proceeds until Lender has fiad an opportunity to inspect such Properhy to ensise the woxk has been completed to Lender's NEBR95KA-Sino@ Famil -rennie Mae7Fretltlie Hi ac UNIFORNI INSTRl1Ai FNT 25�00�50 VMP� Y VMP6(NE)I1t051 4Volters Kluvver Fnencial Ssrvices Page 9 oi 17