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201201565 continue to pay fo Leuder the aznount of the aeparately deaig�tatcd}�aymenEs that were due when the insurance covera�;e oeased to Ue in efieot. Leuder will acoepC, use and retain H�ese payments as a xion-refundablc loss rescrvc in lieu of Mortgaga Insuianoa. Such loss reserve shall 6c non-refundable, notwithstanding the faot thnC Cha Loan is ultimately paid in fu11, and I ender shall not bn required tr�pay Borrower any inCerest or earninge�on auoh loss rescrvc. Lender cazi no longar require loes reserve payinents if Mortgage Ivsurance coverAge(in the amount and for the period tl�at Lender requires)provided by nn ineurcn' sciccted Uy Londer etbain Uecoines availablo, ie obtnined, 2nd Leuder rcquires separately designated payinents loivnrd ihe premim��s far Mortgage fne�nrance. If I.ender iequired Mortgage Insuranoe:as a conditioii ofinnking the Loan and Borrower was required to make separatel➢designaYed p�}nneuts towaed the pre�nimns fpr Mortgage Lisurance, Boccower shall pay the premiiun.s reqttircrl to maintain Morigage Insurance iu effect, ox W provide zi nan-refundaUlc]oss rescive, uukil Lender's rec�uicemei�i6lor Murigage I�isura�ice ends iu eecordance with any written agreemenL I�etwccn Borrower euid Lender providing far such tennination or wrtil ternunation is requited by Applicable Lflw. NotiFung in tliis Section 10 affects Borrawer's oblibation Yo pay intexest at the rata provided in the Note. Mortgage Insurance reiinUurses Lander (or eny entity that puroheses Che Noto) ftir certaui losses it inay inotu i�PBorrowcr does not repay the I,oan as a�gread Borrowac is not ap¢rty to Che Mortgago'Insurance. Martgnge insurers evaluaCe their total rislc on a11 such insurAnce in force fi�om timo to time, and ma�y enter nito agreemenhs wiCh other partics tl�at shnre or modify tUeir risk, or redace losses. These agrecmcnE� are on terms and condiEions thet tue s�tiafaotory co che u�orCg�ge ivsurcr and the other party(or p�rEiee) to these a�,n�eements. These agreeinents may require the morCgttge insurer to make paym¢nts using any som'ca o�P litnds ChaC tUe mortgago ineuroe may have available(whioh may include firnde oUCained from Mortgagc Insurance premiums). As a rostilt of thcsc agrec�ncnts, Lender, auy purcl�aser of'the NoYe, enother ineurer, any reinaurcn, any othcr entity, oc 1ny afCiliate of nny oP 11ia Poregoing, may rcccive(directly or indirectly) tunounts that derive from (or miglrt be chAracterized as) a portion of Boxrower's payn�enUs for Mortgage]nsLirauce, in excha�ige f'or 5haring or modifying the mortgage insa•er's risk, or reducing losses. If such agrccincnt providos that<m afCiliaCe oP Lc�idor lakcs n sharo of the in�tiu�e��'s rielc in exchuige for a sluu•e of the preinitm�s pnid [o [he insurer, the arruigement is often termed "oapCive reia�saranec." Nurthe��: (a) An,y snoh xgreements will noC nPfcct Cho amo�Tnte �liat Borrower Lae agreed Co pay fm• Mortgrige Ineurance, or ang oCher terms uf tJie Lom�. Sach o-�grecments will 3�ot increase�the amomiC Bm�rower will owe for Mortgage Insm�ance, and they wi11 nut entida Borrowor Eo any refnnd. (b) Any eae}i agreemenls will uot affect tl�e riglits Rorrower hx�-if'nuy-wi�l� respect to the Mortgage Lieiu�ance nnder the Homeo�vnera ProCection Act of 1998 ur:uiy otlxer law. Thcsc rights u�ay v�clndc thc rigl�t to reccive certxi�t discloenres, to reqaesC aud obCain cancell:�tiun o1'tlie Murfg.�e[nYw•ance, to li��ve tl�e Nlortgego Insnranee ternti�tated atttorttnticnlly, aud/or Yn receive n ref��ud oP any Morfgage Insnr:tnce premiums thak were tmearned nt tlm tttne of ench cancellation or tciminntion. 11. Assignment of Miscellaneous ProceQds; ForfeiYure. All Mihccllancc�ns Proceeds a�e hereby assigned to aaid shall be paid tio Lender. I3'the Property is daanaged, such Miscellaneons Proceeds ehall be applied Co restoratinn m•repair of tl�e Property, if tUe restoration or repair is economically feasible and Lender'e aeci�rity is not leescned, DLUing such rcpair�and restoration period, Le��der shall have the ri�hT to hold such Miscelluneous Proceecis imtil Lender has haci an oppattunity to inspect such Property to onsurc fha wotk tias been completed to Lender's 24000380 NfBFtASICASin91e Family-Fannie Mac/FrcAdle Mac UNIFORM IiVSTRUIdENT Porm 3029 1707 VM P� VbI P6(NE)(110G) Woltere.Kluwer Pinencial Servioea Pape A of 1'!