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201201755 continue to pay to I,ender the amount of the sepazately designate�payments that were due when the incnranCR CAVC[3g0 CEeACd YO I�lII CPFCCI. L.CIIdCf WID 3CCE[)t,use and retain tbese payments as a non-refundable loss reserve in li�of Pviortgage Insurance. Such loss reserve shall be non-refundable, notwittutanding the fact tUat the Loan is ultimately paid in full, and Lender shall not be required to pay Borrower any interest or earnings an such loss r�erve. Lencier can no longer require loss reserve payments if Mortgage in�„�rP�verage(in the amount and for the period that Lender requires)provided by an insurer selected by Lender again becomes availahle, is obtained, and Lender requires separately designazefl payments taward the p*P*�+!�*�+�for Mortgage Insurance. If Lender required Mortgage Insurance as a condirion of maldng the Loan and Borrower was required to make separately designat�l payments towazd the premiums foc Mortgage inanranr�•, Borrower shall pay the pre�i�s required m maintain Mortgage Insurance in effect, or ro provide a non-refundable loss reserve, until Lender's reqnire.��*for Mortgage Insurance ends in accordance with any written agreement between Borrower and Lender providing for such termination or until termination is required by Applicable T.aw. Nothing in this Section 10 affects Borrower's obligation to pay interest at the rate provided in the Note. Mongage Insurance reimburses I.ender(or any entiry that purchases the Note)for certain losses it may incur if Borrower does not repay the Loan as agr�. Bormwer is not a party to the Mortgage Insurance. Mortgage insurets evaluate their total risk on all such insurance in fome from time to time, and may enter into a4*��*+�*�with other parties that share or modify their risk, or reduce lasses. These agreements are on term.s and condiaons that are satisfactory to the mortgage insurer and the other party(or parties)to these agreements. These agreements may require the mortgage insurer to make payments using any source of funds tbat the mortgage insurer may have auailable(wluch may include funds obtained from Mortgage�nc�,ranrP P��)- As a result of these agret.ments, Lender, any purchaser of the Note, another insurer, any reinsurer, any other entiry, or any afFiliate of any of the foregoing, may receive(directiy or ind'uecfly)amounts tLat derive from (or might be characterized as)a portion of Borrower's payments for Mortgage Insuraace, in exchange for sharing or modifying the mortgage insurer's risk, or reducing losses. IF such agr�ment provides that an affiliate of I.ender takes a share of the insurer's risk in excbange for a shaze of the premi�s paid to the insurer, the attangement is often termed °captive re;n�,ranrp." Further: (a) Any such agreemenfs wlll not affect the amormts that Borrower has egrced to pay for Mortgage Insarance, or any other terms af tLe Loaa. Sach agreemmts will nat increase the amoant Borrower wiR owe for Mortgage Insarance, and fhey will not e�itle Borrower to any refund. (61 Auy such agrcem�ts wiR not afPect the rights Borrowea has-if any-with mspect to the Mortgage Insurance und�the Hameowoers Protechon Act of 1998 or any other law.Theee rights may include the iight to r�eive cerFain disclos�aes,ta request eud obtain cencellation of the Mortgage Insurance, to have the Mortgage Ins�ance terminat�automatically, and/or to receive a refnnd af any Mortgage Insmance premiums thet were unearned at the time of sach cancelletion or terminallon. 19. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Procads are hereby assigned to and shall be paid to Lender. If the Properry is damaged, such Miscellaneous Proceeds shall be applied to restorazion or repair of the Property, if the restorarion or repair is�onomically feasible aad Lender's security is not lessened. During such repair and restoration�riod, Lender shall have the right to hold such Miscellaneous Procee�s unti] Lender has had an opportuniry to inspe�t such Property to ensure the work has been completed to Lender's VNEMB�SKA-Single Femlly-Pennie MeeiFreddia Mac UNIFORM INSTNIIMEM Form 3�28'I/01 VMPBINE)�1105).00 Woltms KWwar Finenciel Sarvicas PaBe 8 ai 1�