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201201749 _ _ continue to �ay to I,,e�der the amount of the sepaiaCely desi�nated�ayments tl�at were due when Chc ii�surance coverage ceased to Ue in effect. Lender will aceep[, use and retain tliese paymenCS as a non-reiundable loss reseive in lieei of Mortgage I�isurance. Such lose reserve shall be non-refundable, notwiYl'istanding Che fact that t�he Loan is u[timaCCly paid in full, and Lender sh�ll not be requiied Co pay Borrower any interesC or earninge on such loss reseive. Lender can no ]onger require loss rc aerve payments if Mort{;agc Tnsurance coverage (in tlie amount and for the period that Leilder requires) provided by an insurer selectP,d by Lender again becoil�es available, is obtaiued, and l,ender requires separately designated paymenYS toward the preiniums for Mortgagc Insarancc. If Lezider required Mortgage Inem�ance as a coudition of rnaking fl�e Loan and Borrower was requircd to make sepazately designated paymeilts toward the premiums for ivfortgage lnsurance, 13ou�ower s6all pay the premiums required�o mainCain M�rtgage Insurance in efTect, or to provide a nov-refundable loss reserve, until Lender's requiremeiit for Mortgage Insurance ends in accocdance with any written agreeme¢t betwccn Soi'rower and Lender providing for sucl� terminatio�� or until teimination is requiz�ed by Applicable 1,aw. Nothing lli this Section 10 affects Borrower`s obligation to pay interest at Che iaCe provided in the Note. Morfgage Insurance reimbuxses Lender (or any �ntity L6aE pw cliase5 Y1ie Note) for certain]asses it niay ii�cur if Borrower does not rcpay the Loan as 1g�reed. Borrowei is not a party to the Mortgage Iiisw•auce. Mortgage insurers evaluate their rotal risk ou 11l such insurance in force frai�time to time, and may enter inCO agreements wiCh otherp�uties that sliare or modify thcir risk, or reduce ]�osses. 'fhese agreements aee o❑ terme uid couditions that xre saCisPacCOry Co lhe inorCgage insurer and the otlier party (or�parties) to these � agreements. 'The�se agrcements may require Che mortgage insurer to ulake payments using any sourea of fwids that the inortgage insurer may have available (whieh may include Funds obtained fron�i Mortgage Insurance premiwns). As a result oP Chese agrcements, Lender, a��y purcliaser of the NoTe, a�¢other insurer, airy reinsurer, auy�otl�er entity, vr any aCfilia��e nP any of tl�e foregoing, may receive (directly or indirectly) amnunts that derive from (m might�e rliaracterized as) a portion of,Borrowcr's payments for MnrCgage Hisui�v�ce, i�j exch�mge for sharing or modifying the mortgage insurer's risk, or reducing ]osses. IP such agreemeiit provides tLaC an a'tPiliate of L'ender takes a share of the insurec's risk in cxchange for a sl�are of the premiums paid i�o Clie insurer, the an�angement is ofCen lermed "captive reinsurance." Furtl�er: {al Any such a�,n•eenients will not affcct tlic nmounts that Borrower has agreed Co pay for Mortgngc I»s�rance, ar any other terma of the Loai�. Sucl� agreements will not inerease Ehe amouuf. Borrowcr will owe l'or Mox•tgage Insurauce, and tlicy will uot entitle Borrower to any rePimd. (b) Any sucli agreenieuts will noC aLfect Clie rights Borrower has -if any -witl�respect to the MorEgage IusurAUCe uuder H�e Ho�neowners ProCecYion Act oP 1998 or any oflxer]aw. These righfs inay iuclude the righY to receive certaiu disclosures, tu reqaest and nbCaiii cancellation of the MorCgage Hisurance, to have tlie Murtgage livsurance terminated�utomatically, and/or to receive a refund of amy Mortgage Insurance�reniiimis tltat were uuearned at tl�e time of&uch cancellation or terv�iiiation. 11. Assignment of Misceilaneous Proceeds; ForFeiture. All Miscellaneous Proceede are liereby assSgncd to a�d sl�all be paid to Lender, TP tl�e ProperCy is damaged, sucli Miseellaneaus Proceeds shall be applied to restoratic�n or repair o�F die Property, iP the restoraeion or repalr is ecoiiomically feasible and Leuder's security is not lessened. iJuring such repair and restorati�on period, Lei7der shall have the riglrt ro hold such Misecllaneons Proceeds until Lender has l�ad an opporeunity to inspect such Property to ensure the work has been eompleted to I.ender's za000asr> NEHRASI(A-Sinpl�fzmlly-f-ennie ManlFrotldle Meo UNIFORM INSTRVMENT �Porm 5028 1701 VMP� VN�PBME�(1106� Wolters Kluwer RnancinlServlaea � Pago 9 of 1]