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201200890 continue to pay to Lender the amount of the separaYelp designated payments th3t were due when the insurance coverage ceased to be in effect. Lender will accep� use and retain these payments as a . non-relundable]oss reserve in lieu of Mortgage Insurance. Such loss reserve shall 6e non-refundable, notw7tbstanding the fact that flie Loan is ultunatcly paid in full, and Lender shall not be rc�uired to pay Borrower any interest or camings on such loss reserve. Lender can no longer require loss reserve payments if Mortgage Insurance coverage(in the amount and for the period that Lender requues)provided by an insurcr selected by Lender again becomes available, is obtaincd, and Lender requues separately designated payments towazd the pretniwng fox Mortgagc T'ns�ance. If I.endei required Mortgage Insurance as a condition of making the Loan and Borrowex was requircd to make sepazately dcsignated payments toward the premituns for Mortgage Insurance, Borsower sl�all pay the premiums required to maintain Mortgage Insurance in eifect, or to provide a non-refundable loss reserce, until Lendcr's requirement for Mort�age Insurance ends in accordance with airy wxitten agreement between Borrower and Lender providing for such tenninarion or until terminaiaon is required by Applicable Law. Nothing in ttus Secfion 10 affeets Borrower's obliaation to pay interest at the rate provided in the Note. l�Iortgage Iaturanqe reimburses Leader(ox any entiry that putchases the Note) for certain losses it may ineur if BoYrower does noC repay the Loan as agreed. Borrower is not a party to the Mortgage Insurance. Martgage insurers evaluate their total risk oa all such ins�ance i2t forc€froin time to time, and may enter into agceemenYs with otlier parties that share or modify tlieir risk, ox xeduce losses. These agecmenr are on Cerms and cpnditions tl�at are sattsfactory to the mortgage insurer and the other party(or parties) to these agreeinents. Th�e agreements may require the martga,ge insurer to make payments nsing auy souice of fimds that the mortgage insurer may havc available(which may include funds obtained from Mort�aee Inswance preuuuins). � As a result of these agreements, Lender, any purchaser ofthe Note, another insurer, any reinsurer; any other entit}�, or any affiliate of any of the foregoing, may rzceive(directly or indirectly) atnounts that derive froin (or might be characterized as)a p�rtion of Borrower s payments for Mortgage Insurance, m exchange for � shanng or modifyuig the mortgage insurer's rislc, or reducing losses_ If�such agreement provides that an affiliate of Lender takes a share of the insucer's risk in e�ckange fox a shace of the premlums paid to the insurer, the arrangement is often tcrmed"captive reinsurance." Further; (aJ Any such agreemeuts will not affect t1�e amounts that Borrower has agrecd to pay far Mortgage Insnrance, or any otlier terms of tHe Loan Snch agreements will not increase the amouut Rorroa�er rvill owe for Mortgage Insurance, and they will not entitle Borrower to any refund. (b) Any such agreements�vill nof affect the rights Borrower has-if anv-with respect to tlie 1'Tortgage Insnr�nce imder the Homeowners Protection Act of 1998�or any other lafv. These rights may include the right to receive eertain disclosnres, to request and obtain exincell�tiun of the Mortgage Iusnrance, to have the Mortgage Insurance terminated automatically, And/or to receive a refupd of any Mortgage Insnrance preminms that were unearned ak the tiffie of such cancellation or termination, 11. Assignment of M iscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby assigned to and shall be paid to Lender. IP the Property is damaged, such Miscellaneous Proceeds shz11 be applied to re,toration or repair of the Pmpaty, if the restosatiou or repaii is economically feasible aud Lender's seeurity is not lessened. During such rcpair and restoration period, Lender shall have the right to hold such Miscellaneous Proceeds until Lender has had an opportunity to inspect such Property to ensure the�vork has been completed to Lender's 24000190 NEBWISKASiogle Family-Fannie MaelFretltlie M14ac UNIFORA/ INSTRph1ENT Farm 3028 1f01 vMP� vMws�Nq��ias) NloJte�a Kluwe�nnancial Services Pege 9 oF 1]