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201201198 coiitinue to pay to T�ender the auiount of the separately desiguated payments that were due when the insuranw covarage ceased to be in effcct. Iznder will acceyt, use and retain Cliese�aayments as a non-reCundable loss reserve in licu oP Mortgage Ivsura�ice. Sach loss reserve sh211 Ue non-reTundable, noCwithstauding the Pact Uiat Che Loan is ultimately paid in full, and L.ender shxll noC be required ta pay Borrower any interest oc earninge on supli loss reserve. I.ender can uo longer require loss reserve paymonCs if MorCgage Insurance coverage (iu tlie amounf aud for the period that Lender requires) pcovided by an insucer selected by Lender again becomes available, is obtained, and Lender requires separxtcly designated plyments toward the premiums for Morlgage Insur2nce, If Lendcr required Mortgage Insurance as a condiCio� of tnaking the Loan and Borrower wt�s requined t'o make separately designal'ed payments towarct the premiums for Mortgttge lnsurance, Ilorrower shall pay the premiums reyuired to mainYain Mortgagc Insurance in effecC, or fo provide a non-reftmdable loss reserve, unti] Lender's requirement for Mortgage Insuranee ends in aecordance with any written agreement between Borrower and Lender providing foc sueh Cermivation or until terminatioo is required by Applicable Law. Nothing in this Seetion 10 afPects Borrower's obligation Co pay interest at the rate provided in khe Nate. Mortgage Ineuranca reimburses I,ender (or aily entity that purehases the Notc) Por certaiu losses it may incw if Borrower does not rcpay the Loau as agreed. Borrower is not a party to Ihe Mortgage Insutauee. Mortgage insurers evaluate their toCal risk on all such insurauce in force from time to eime, amd may enter into ngxeements with oCher paiCies tl�at share or modify Clieir risk, or reduce losses. These xgreements are on terms and conditions Chat are s�ttisfactory to the mortgage insurer and the other pai�ty (or parttes) to these agreements. These agreeinents may require the morCga�e insurer to make paymcnts using auy souroe aP funds [hat ehe mortgage insucec may have nvailable (which may include funds obfained from Mortgttge lnsuranee premiums). As a result of tliese agreemants, Lender, any purchaser oP the Note, anothcx insurer, ai�y reinsucei, any oCl�et� eneity, pr any affiliNte oP any of Yl�e Poregoing, may reeeive (directly or indirecCly) amounts thaC derive from (or might be diaracCCrized as) a por[ion of Borrower's paytnents for Mortgag'e Insurance, in exehange for sharing or modifying the morCgage insurer's risk, or xeducing losses, if suoli agreement provides that an affiliate oP I.ender takes a share of Che insurer's risk i�i exchange far a sliaee of thc premiums p29d to the insurer, the arrangemeiit is oPCen termed "captive reinsuxanee.° Purcher: (a) Auy snch agreements will uot affect the amounte Chat Borrower has agreecl to pay Por Mortgage Iusurtu�ce, or auy othor ternus uf t6e Loan. Snch agreeme��te will not iucrease the amonnE Bor�rower will owe fbr MorCgage Insnrancc, and they wtll not entitic Burrower to auy refnnd. (6) Any such agreemEUts will uot aPfect the riglrts Borrower hae-if any- with respecC to Yhe Mortgage Tnsurauce nnder the Homeowners Protectlou Act of 1998 or any other law, These rights may include Yhe right to receive certain disclusures, to request and obtain cancellation ot'the �Iortgage Insiu•auce, Co have tl�e Mortgnge Insu�•ance terminated uutomatically, andlor to receive a refund of any Mnrtgage Iusnraiice premiums t1�at wcrc unearned at Yhe timc of nuch cancellution or termination. 11. AssignmenY of Miscellaneous �roceeds; Forteiture. All Nliscellaneous Proceeds are hereby assigned to and shall be paid to Lender. It'the Proper[y is damaged, such Miscellaneous Proceeds shall be applied to cestorai'ion or repair of the Property, if the restor�Ciov or repair is ecouoinically feasible and Lendee's sccurity is noY lessened. During such repair uid restoraCion period, Lendex shall have the cigliC to liold such Mlscellaneous Procecds untq Lender has had un opportuniYy to inspect such ProperCy to ensure the work qas beeu complcted to Leuder's 24000307 NE6FA51(A-Single Femily-fannle MoelRoddie Mao UNIFOFM INBTRUMENT Form 3028 1107 VM P C� VM P81NEI(1�061 W oltere Klu W a�Flnanclal Serviaes Pega�9 ai'I]