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� 201200795 contimie to pay tio L,endsr the aniount of the separate1y dcsignated paymcnts thati were due wl�cn the instuvice coverage ceased to bc in effcck Levder will accept, use pnd eetain these payments As a non-refixndaUle lc�se reaerve in lieu oF Mortgage Insurance. Such loss reserve shall be non-raftimdable, noLwifhsfand'u�g the faot that the Loan is ultimaCely paid in full, and Lcndcr shall not bc requircd to pny Borrower any intarest or earnings on stich loss rese�ve. Lender cen no longer require loss reserve payments if MorCgage Insuraa�ce coverage(in the fm�ount and for the period that Lender reqLUres)provided by aai insurer selected by Lender 2gain becomes �vailable, is obtained, a�id Lender requices separately designated paynticnts t�oward ehe prerniums for MorCga�ge Insurance. [f],ender rcquircd MorCgagc Insw�anco as � condition of malring tlie Loui vid$orrower way reyuired to make sepprately designaCed payments towtu•d tlie preminms for Mortgage Insurance, Rorrow�+'slaall pay Che premiums reqiiired to meintain Mortgage Instu'tuice in effect,br to provide �.non-refundable loss reseive, uaitil I.ender's requirement for Mort�nge lnsutancc cnds in ncoordance with any written agreemei�t betwcen Borrower and Lender providilig for such tervv�xation or until tarmii�ation is required bq Applicable Law. Nothing in this 5'ectioM 10 affecte Borrou�er's obligation to pay intcrest at Cha rate provided in the Nota. Mortgage Inatu aaice reimburscs Lender (or any eiitity thnt purcheses the Note) lor cerCain losses it may ineur if Borrower does not repny the Lonn 1s agreed. Boirower is not c�party to the Mort�age Insurancc, Moctgage iiisw'ers evaluaYc>their toCnl risk on all suoh inew•anea in Force from time to tin�e, and may enter into agreeinenis wiEh othex parties that share or modify their rislc, or reduce losscs. Thasc a�'eeinents nre on tarms and conditions Yhat axe aatisf'actory to the martgagc ii�surer ar�d Cl�e olher party (or pnrries)�to thesa agrocmenfs. These agreetnentis inay require flie mortgage insLU�er Po mAke paymeuts using�ny som•ce of fiuids thlt the mortgage insurer may havc available(wluch m�y include fixnds obtained fi•ona Mortgage Insuravoe preiniuma), As a resulti o�F Uiese agrcemenCa, Lender, any purchaser o1'the Note, anothei insurer, any reinsurer, any oCher enti,ty, or atty afCiliate of any of the Yoregoing, may receivo(dircctly or inciireccly) amouuCa thet derive'Prom (or nught Ue characterized as) �portior� of Boirower's pa}nnentis for Mortgage Snswance, in exchaa�ge for ah�ring or inodi'fying thc inortgage insurer'a risk, or x•educiug losses. If suah agreeme�it provides that an aPFiliste of I,endcr takeR a share of the insurer'e risk in exchange for a sharo of tl�c premitimie�aid to the insnrer, tho arr2ngement is ofCen terinecl "captive reinsnrance." Futiher: (a) Auy sueh ngrecmcnCS will not.�f1'ect the amounls tliat I3m�rawer has agreed to pay for Mortgage Lisnrnnce, or nny otl�er terms of the Lnfln. Snch agreemeuts will not incrcasc Uic amounf Borrower will owe Por Mortgage bisnrauce, and tltcy will not entitle Rorrower to any refnncl. (b} Any anch agreements wlll xiot affect tlte righEa Borrowci•lins -if any-with respeck tu tlie 1Vlnrtg�ge Insnrnnce ancler tlio Homeowiiers Protectiun Act of 199R or auy oUher law. These riglits may inclnde tl�c rigl�t to receive certatii di8closurea, to rerynesC and obtai�x cancollntion of tlie Mortgage L�s�u�ance, Co}�nve CLe Mortgage Insm•ance termiunted eatoruntiosilly, :uicUor to roceive a refund uf any Mortgnge Hisurancc promimns that were �mearned xt Ehe time of gtich cancellnCion or termination. 11, A�si�nment of M iscell�neotis ProCeeds; ForFei4ure. All Misoellai,eouK Procecds�rc hnreby assigned to and yhnll bo paid fo Lender. If flie Property ie damnged, such Miscellaneous Prooeeds shall Ue applicd to restoration or repair of the Property, if lAe restoration or repair is economically feasible azid Lender's seourity is not lessened. Dnring such repeic and restoration pariod, Lender ahall hnve the right to hold such Miscellaueous Proceed.v m�til Lender has hacl an opportunity to inapeot such Property to ensure the woilc l�aa becn cotnplctcd to Lender'a za000iaa NE6R�SKASingleFemlly-FannleMnalFreddie Maa UNIFORM INSTRUMGNT Form 3020 1(01 y�p�ry VMPG(NE)(17051 W ollere Kluw er Flnenolel Servlces Pa9e 8 of 1 Y