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201207612 continne to pay to l,ender ttie amount of the separately designated payments that were due when The insLuance coverage ceased to be in effect Lender will accept, use and retain these payments as a aon-refundable loss reservc in lieu of Mortgage Insurance. Such Ioss reserve shall be non-refundable, notwithst�nding fhe Pact that the Loan is ultlinz#ely paid in full, and Lender shall not be required to pay $orrpwet any interest or eami�gs on such losS reserve. Lender cau no longer require loss reserve payments if DZo�taage Insurance coverage(in tfie amount and for tlie period that Lender requires)provided by ac jTcucer selected by Lcnder again becomes auailable, is obtained, and Lender xequires Separately designated payments toward the pr�niums for Mortgage Insurance. If Lender required Mor�gage Insurance as a condipon of making the Loan and Borrower was required to make separately designated payxnents towud the preiniums for Mortgage Insurance, Borrower shall pa5r the premiums raquired to maintain Mortgage Insurance in cffect, or to provide a non-refundable loss reserve; until Lender's requirement for Mortgage Insurance ends in accordance vrith any��ritten agreement beiween Borrower and Lender providing for such terminarion or unril tennuia[ion is required by Applicable Law. Nothing in this Section 10 affects Borrower's obligarion to pay in#eresf at the rate provided in the Note. Mortgage Insurance reimburses Lender(qr any entity that pwchases the Note) for ecrtain losses it may incur if Sorrower does not repay the Loan as agreeci. Borrower is not a party to the Mortgage Insurance. Mortgage insurers evalu<ue the's total xisk an all such nvsurance in force from time to time, �d may enta inlo agreements with other parties that share or modify theu risk, or reduce losses. These agrcements are on terms and conditions that are satisfactory to the mortgage insLuer and the other pazty(or parties) to these agceements. These agreements may rcqnire the�nortgage insurer to make payments using�y soi�rce of fimds tUz#the mortgage insurer may have available(wlueh may include fimds obtained from Mortgage Tnsurance premiums). As a result of these agreements, I.ender, any purchzser of the Note, another insurer, any reinsLffer, any other enrity, or any afGliaTe of any of the foregoing may receive(directly ar indirectly) amounts that deaive from (or might be characterized as) a portion of Borrower's payments for Mortgage Insurance, in�change for sharing or modifyiilg the mortgage ins�er's iisic, or ceducing losses. If sueh agreem�t�provides that an affiliate of Lender takes a share of the insurer's risk in exchangc for a share of t7ze premiwiv paid to tue insurer; the arrangement is often termed"captive reinsurance." Purther. (a) Auy such agreements will not affect the amounts that Borro«�er has agreed to pay for'_Vlurtgage Insurance, or auy other terms of the Loan. Such agreements will not increase the am,ount � Borrower rviIl owe for MortgagC Insararice, and they well not entifle Borro�ver t0 a'ny refilnd. (b) Any sach agreaments will not affect the rights Borrower has-if any-with respect to the VIortgage Insurauce uuder the Homeo�cuers YrotecGou Acl of 1998 or nny otiher lxw. These rights mxy inclnde We right to receive certxin disclosures, to request and obtain cancellation of thc 1VIortgage Insurance, to hxve the Mortgage Insurance terminated atitomatically, and/ar to receive a refund of mny Vdortgage Insnrnnce premiums that«�ere uuearned at the rime of such cancellation or ternunation. 19. Assignment of M iseellaneous Proceeds; ForFeiture. All Miscellaneous Proceeds aze hereby assigncd to and shall�c paid fo Lender. If the Property is clamaged such Miscellaneous Procccds shall be applied to restoration or repair of the Properry, if the restoration or repaiz is economically feasible and Lender s security is not lcsscned. During such repair and restoration period, Lender shall ba.ve the right to hold such Nliscellaneous Proceeds unYil Lender has had an opportunity to in�pect such Property Lo ensure the work hds bcen completed to Lender's zaaozisi NEBRF,SKA-Single Family-Fannie h1ae/Fretldiel4ac UNI.=ORM INSTRI1hABJT Porm 3028 1I01 VMP� VM P6(N�(1 t05) N.'olte�s Xlwier Financial Services Fage 5 0`1]