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�0�2019�4 ..: � � conti�e to pay to LendeF the� amount �o� the separately �designated pa�tments that were due .when the .,. ... .,. in�?rA�e coverage ceased to ba m effeci. Lender w�l accept, use and retain these payments as a non refundable loss reserve in lieu of Mortgage Insurance. Such loss reserve shall be non-refundable, notwithsta.nding the fact tlnat the L�oan is ultimately paid in full, and Lander shall not be required. to pay � Borrawer any interest or earnings on such Ioss reserve. Lender can no longer require loss reserve payments if Mortgaga Insurance coverage (in the amount and for the period that Lender requires) provided by an instiuer selected by Lender again becomes available, is obtained, and I,ender requu'es separately designated : payments toward the premiwns for Moztgage Tnsurance. If Lender required Martgage Insurance as a . condition of making the Loan and Borrower was r�ed to make separately designated payments towazd the premn�*nQ for Martgage Insurance, Bonower shall pay the premiums required to maintain Mortgage Insurance in effect, or to pravide a na�refundable loss reserve, until I,ender's reqnirement for Mortgage Tnswrance ends m accordance with any written agteement be�ween Borrawer and Lender providing for such termination ar until termination is required by Applicable Law. Nothing in this Seclaon i0 affects Borrower's obligation to gay interest at the ra.te provided in the Note. Mortgage Insurance xeimburses Lender (or any entity [hat purchases the Note) for certain losses it may incur � Borro�ver does not repay the Loan as agreed. Bozrower is not a party to the Mortgage T�ur��. � Mortgage insnrers evaluate their total risk on all snch insurdnce in force from time to time, axtd may enter into agreements witb. other parties that share or modify their risk, or reduce losses. These agreements are on terms and conditions fhat are saf.issfactory to the mortgage insurer and the other pariy (or parties) to these agreements. Tiiese agreements may require the mortgage insnrer to make payments using a� source of funds that the mortgage insurer rnay ha.ve availab�e {which may include funds obtained from �Mortgage insurance premiums). As a resulf of these agreements, Lender, any purcbaser of the Note, anather in.Sarer, any reinsurer, any other entity, or any af�iliate of any of the foregoing, may receive (direcfly or indirectly) a�ounts that derive from � (or might be characterized as) a portion of Borrower's payments for Mortgage Tn�,*ance, in. exchange for shazing or modifying the martgage insnrer's risk, or reducing losses. If such agreement provides that an affiliate of Lender takes a sbare of the insurer's risk in exchange far a share of the premiums paid to the insurer, the amangement is often termed °Captive reins�ranr.e." Further: �ay Any snch agreements will not sffect the amounts thaf Borrower has agreed to pay for Mort;age Tnsurance, or any ofher terms of the Loan. Sach agreements will nof increase the amount Borrower wiIl owe for Mortgage Insarance, and they will not entifle Borrower to any refund. {b) Any sach agreements will nat affect the righfs Borrower has - iP any - with respect ta the Mortgage L�ance nnder flie Homeowners Protec6on Act of 1998 or au� other law. These rights may inclnde the right ta receive certain disclasures, to request and olotain cancellation oP the Mortgage Insnrance, to hane the Nlortgage Insurance terminated automatically, andJor ta receive a re£nnd of any Mortgage Insnrance premiums that were nnearned at tLe fime of snch caneellation or termination. 17 . Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby assigned to and shall be paid to Lender. If the Praperty is damaged, such Miscellaneous Proceeds shall be applied to restaration or repair of the Property, if the restoration or repair is economically feasible and Lender's sec�ity is not lessened. Dnring such repair and restaration period, Lender sball have the right to hold such Miscellaneous Pzoceeds unt� Lender has had an apportunity to inspect such Properly to ensure tl�e work has been completed to Lender's N� KA•Sictgle Famlly-Fennia MaelFreddie Msa UNIFORM WSIRUMENT � Form 3028 7/01 VMP� VMPBtNES 111061�� Woltars Ipuwar Financlal Servk�s pega 9 af 17