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201206261 continue to pay to Lender the nmoUnt of the separaCely designated pnymeuts tha[ were due when Che insurance eoverage ceased to be in effect. Lender will accepC, use and retai�i thcse payments 1s 1 nai-refundaUle loss reserve in licu oP Moregage Insurance. Such loss reseeve shalf be non-refundable, notwithstuiding the fact lhat Che T:oan is ulCimatel}+paid in fu11, and I,ender shaLl not be required 6o pay Borrower any intcresC oc ea�n'rngs ou such loss zeserve. l,ender can no ]onger iecauire loss reserve paymeilts if Mortga�;e Insurance coverage(in the amoui�t and Por the period Chat Lender reyuires) provided Uy an insurer selected hy Lender again becomes available, is obtaived, �md Lender requires separately designa�ed payments Coward tl�e premiume for Mortgage Insurance. If Lender rcquired Mortgage Insurance as a co��dition of n�aking Ehe Loan and Borrower was required to malce separately designated paymeots roward tlie premiums for LVlorlgage Insurauce, Borrower shall pay the premiums required to ma3ntain Mortgage Insurance in effect, or to providc a t�urrrefundaUle loss reserve, until Lender's requiremenC for Mortgage Ii�surance ends in uccardance with any wriYtev agreeinenl beCween Borrower and Lender providino Yor such CermiilaCioii or unCi] termination is required by Applicable Law. Nothing iix tliis SecCion 10 afPects $orrowcr's obligation Co pay interest at thc caCe provided in tlxe Note. Mortgage lnsurance reimburses Lender{or any enCily thaY pwchases the Note)for eerCain losses it may Incw' if Borrower does not repay the Loan as agreed. Borrower is not a parGy to Che Moi�tg�tge Insarancc. MorCgage insurcrs evaluate their total risl<on all such ineurance in forcc ffom time Cp�time, and may enter into agreements with otlier parties that share or nzodify their risk, or reduG�losses. These agrecments are oi� Cerms and conditions that ace saCisPaclorp To the moxtgage insurer and the other party (or parties) ro tliese agreements. Tliese agrccments may require[he mortgase insurer Co make paymcnts using any source of funds Yliat tlie mnrtgage insurer may have nv�iilable (whicli may include fu�ids obCained from Mortgage Insura�ce preniinins). As a result oY thesc agreements, Leiider, auy purchaser of tlie Note, �nother insurer, 1ny reinsurer, any other entlty, or anp a'CfiHate of any of the Yoregoing, may reeeive(directly or indieectlg) �ttnounts thal derive from (or il�ight be characterized as) a portion of Ronnwer's ptryiizcnts 'Por MorCgage I1�suranee, in exehange for sharing or modit'ying [he mortgage insurer's risk, or reducing losses. If sucli ageeemenl provides Chat an affiliate of Lender Yakes a ehare of tlie insttrei's risk in axchange for a share of Che preiniums paid to Che insurer, the arrtm�emen[is often teimed "captive reinsucanee." Furthec: {a) A.nS sueh agreemeuts will not affect Che amouvts thnt Borrower hae agrccd tu puy Por Mortgage li�snrance, or any other terms of Che Loau. Such r�greement�s will uot increase the amount Borrower will owe Eur Mortgage Iusnrance, and Chey will vot entitle Boi�•ower to auy ret'und. Ib) Any such agreements will not affect tl�e riglits Borrower lias - iF any -with respect Eo thc MorGgage Insnz•aiice u��der the Homeowners YroCecCion Act ot'1995 or any otl�er law. Tli�se rights may iuclude Ehe righC to rece9ve ccrtnin disclosures, to rcc�uest and obtai� canccllatioii uf Che Mortgage Insnrance, to l�ave the MorCgage Inem•auco terinluated automatically, and0or to recctve ti rePwid of any Mortgage Iusurance premiiw�s thut were uuearued at tlie tin�e of such caucellaYion m�terminution. 11. AssignmenY of Miscellaneous Proceeds; Forfeiture. AII Miscellaneous Proceeds ace IiereUy assigned Co and shall Ue paid to L.cnder. I'f the Property is damKged, such Miseellnneous Proceeds shall be applied ta restoratiqn or repair ol`Che ProperCy, if the restoraCion or repaii is econon�ically feaeible and Lender's securiYy is not lesse�sed. lltiring sucl�repair ai�d restoration period, Lender shall have Clie right to hold such Miacellaneous Proceeds ui�til Lender has had an opporCunity to inspecC such Piroperty to ensure Che work has Uee�i completed to Lender's 2400�693 NEeFA51(A-Sin�lo Famlly-Fnnnie MaelFradtiia Mac UNIFORM INSTftUM[NT Fonn 302�1I01 VMP� VMPBWE)111061 Woltem ICluwer Finanoial Snrvices Page 9 of 1]