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201206723 coTTtin[ic to pay to l.aader the ainounti o�P Uie separately designated p�yments LhaC were duo whcn the inaur¢uce ooverage ceaecd to be in cffoct. l.euder will accept, nse and rekain tllese p�tymenta ns a non-tefiuidable loss xeserve iii lieti of Moxtgage�Instu�ancc. Such loss reserve shall be non-refimdable, nohvithsfanding tiie fact that Uie Loau is ultimately paid in full, and Lender shall not be i'cqu9red to pay Borrower u�y inLerest or cat-ninge o» such lo�s reserve. Leixder can no longer require losa reaerve palyn�ents if Mortga�ge Insur�nee coverage(in the amolmC and for tkie perind that Lender eequires)pcovidecl by en institrer selected by I.ender a�gaui beoomes a�vailable, is obtained, and Lender reqiures reparately designated paymence to�vard tUc prc��iums for Mortgage Insurauce. If Leiider reqtured Ma tgage Ineueauce as � condition of making fhe Lo�n and Borrowcr was required to n�alce separately designated payments townrd the premiums for Mortgflge Insurvice, Borrower shall pay Yl�e prcmiums �roquired to mvntain Mortg�ge Insurvice in effecC, nr to provide a non-refuudaUleloss rasei've, wilil Lender's requirerneuC fur MurC�age Inauranee endE in awordai�cc witlz any written ag'eement Uetween Borrowar uid Lender providing fox �uch termination or unril te��min�tion is requiied by Applicable Law. Nothing ia1 fhis Section 10 afY'ecYs Borirower's obligatlon to pay interest at the rataprovidecl in the 1Vote. Mortg�ga Insuiaxioe reiixiburses Lendex (or�ny entity that piirchases the Note) £or ccrtain losses it may incur if Borrowet does nof repay the I,oan as agreed. Borrower is not a party to the 1Vlortgage Insnxauoe. Mortgage insw�ers�evaluate their tota�l risk on all such insm'ance in force from time to tnne, and n��2y enter into agrccn�ents witli otl�c� parYi�s that sl�eu�e or modify theie rislc, or reduce losses. These ngreemente are on terms and ooncii[ions Cbaf are satisfacCor}�i�thc mortgage insurer and tl�e other party(or paa�tias)fo t$ese agreements. These�agreements may require the mortgage insurer So make paymente using rniy source of funcis that tiie mortglge insurer may have avail�ble(which may inelude fwids obtained &oin Mortga�a Tnsm�aiicc prenuums). As a result oP these agreeinents, I,ender, auy purchaser of'tha NoCe, another insurer, any reinsurer, niiy other entity, or any affiliatc of a�ry of thc fot�cgoing, may receive(direetly or indirectlg)amom�ts thnY derive fiom (or might Ue clisuacferized as) a portiou of Bortower's payments far Mortgage Instu'aneq in cxch�nge for shEu�ing or modif'ying the mortgage insmer's risk, or reducing losses. If such tigreament provides thnE an afPiliaLe of Lender take� a share oP tho insurc�'s rislc in exchange for a share of the premimns paid to tihe insurer, the arrengement is often termed "captive reinsnrance.° Ftu�Cher: (a) Auy snch ngrcca�onts will not nFfcct the amo�uits that 13oirower hns agreed to pay fm•Morfgxge 7n5urnnce, or any uf.l�er terms of the Loa�i. Snch agrcements will not incrense the amonnC Borro�ver will owe for Mm�tgage Insnrance, and they will not enfitle Bm��rowcr to any rafund. (b) Auy cnch agreen�ents will not ait'ect the ri�;tiks Rurrower has -if xny-with respect to tlie Mortgttge Insm•aame mider tlte IImneownerg Protection AcC af 199R m� any ofher luw. Tl�ese rfght�s may u�clnde tlic riglit to recoivc cortain discloenres, to reqnest and obta�n c�ncellation oF CLe Mm�lgage lneurance, tu have the Mortgage insur;mce termivated natomnticall3�, andPor to reccive fl refintd of s�ny Mortgnge Insnrnnce premiiwis th�f were �menrned at the time of sncli cnnccllation ar Ccrmination. 11 . Asslqnment of IN iscellaneous Proceeds; ForfeiYure. All Miscellaneous Procecds aro 1�ereUy�tssigncd to and shall be paid to Lender. If the Properry is damaged, such Miscellaneons Proeeeds shall be applied fo reaCorafion or rcpair of thc Property, if the restoration or xepair is econoiniczlly feasiUle a�id Lender's aecurity is not lessened. DLu•ing snch re�ztir and restoration peri�d, L�nidcr nh�ll have fl1e iight to l�old sucli Miscellaneot�s Proceeds until Lender has had au opporhmity to inapect such Property lo ena�ire the work hae bcon coniplctcd to I.endcr's aaoovvs NEBf3A51<ASingle Famlly-Pannfe MaxlFreUdle Mac UMFORM INSTRUMCNT Form 302D 1101 VMP� VMPB(NE)(11a5) Wolters Kluwer Flnenclel 9ervlcas page B oF 17