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201207691 eontinue ko pay to Lender the amoimt of the eeperetely designnted payments that were due whan the insw�uice covere�ge ceased to be�in affect. Lender will accept, use and reYain tliese pa�yments as a non-refundable loss reserve in 1ieu of Mort�abe Insurance. S�ich loss rescrve shall bo non-refwtdable, notwithsC�nding the PaeC thaC the Loa��is �ilfiv�nCely paid in full, and Lender shall not be raqtured to pay Borrower�ny interest or earnings on such lose reserva. Lander caai no longer requi�•e loss reserve payments if Mortgage Insurance cove�'a�e(in tl�e a�nomiY end for thc period tl�at Lender cequires)provided by�an insurcr scloetad by Lcndcr again becomcs �ivailablc, is o6fairted, and Iznder reqitires separ�tclq dceignated payn�e�itQ towa�-cl the premiuma far Mortgage Inscu•auce. If Lender required Morlgage Insur�uice as n condition of mnking the Loan and Borrower wes required to make separutely deaignnteci pa�ymenYs toward tha premituns for Mortgage Iustuance, Borrower shnll pay the premiums required to maintain Mortgage lns�u•aisce in eFFect, or�o provide a nou-ref�ndable loss reserve, until Lender's requirement fox Mortgage Ivsurnnce ends 'vi nccor�lnnce with any written agreement Uetween Borrower And Lender providing f'or such tiennination oc uutil tennina�tion is required by Applicab]e I,aw. Nothing in tlris Section 10 affects }3orrower's obligation fo pay intcrest ati tihc rdtc provided in Che NoCe, Mortgage fnsurance i•eimbtiirses Lendcr (or any enri4y Shalpurchases lhe Note) Por certain losses iC may inour if Borrower cloea noi repay che Loan as agceed. Borrower is not a p�ury to the Moxtgage T�ism�nnce. Mortgag�insurers cvaluaCc their t�otal risk on all such insurance in foxee fi•om time to tiine, And may enter inCo agreemenls with other pnrties that share or modify their rislc, or reduce losses. These agreemeuts aze on terms and conditions that aze satisfaaCoiy Yo the morCgage insu�er and Uie other paety(or paaties)to thesa agreeinants. These agreements ma�y reqnire tlie mortg�go iiisurcr to rnakc pa}nncttfs using any so�ircc of funds that the mortgage insurer inay havo nv�ilable(which inny inolnde fimcls obtained from Moxtgage I�isurance piemiinx�s). As a resull of thesc agreeinents, Lender, azry purchaser of the Note, aiiother insurec, nny reinsurer, uiy other entity, or any�affiliate oF any of the foregoing�, may receive(directly or indirectly) amomits that derive from (or nvghti Ue characterized as) a portion o�F Borrower's paymante for MorCgage H2sur�noe, in exchange for eharing or n�odifyin�tl�e mor�gage insnrer's risk, or reducing lo5ses. If suc11 agreemeuY provides that an aPflliaCe of Lender talces n share of the ineurer's riak in excl�ange for a sl�aa'e of'Uie premiuins paid Yo tl�e nism•er, the arrtuigemenE is o�ften Yermed"captive reinstivance." I�tiukher; (a) Any sucli agreemeiits will not affect the xmotmt8 thnt Borrower lins agreecl to pny for D'Iorignge Insurnnce; or auy oCl�er Certrre of the Loan. 5nch agrecm¢nts will not iucroaec Ihc arnonnt Borrower will owe for MorCgage Insurnncc, nvd they will not enkitle Rurruwer to xny refund, (b) Any such agreements wlll not nffeet thc rights Borz•ower has -if any- rvith respect tu the Mortgaec Inam•ance mider the Hmneownecs Yroteclim�AcC rvF 1998 or any oll�er Inw. 'I7iese rigl�ts inny iiiclade the riglit Co receive cef�[niu disclosures, to reqnest aud obtain canecilation of tlic Mortgo-ig¢Hianrance, to hs.ve Ylte Mortgnge Inaur:�nce terininated ��nt�om.�kicnlly, and/ur to �-2ceive a rcfund of nuy Mortgnge Lism•ance premiums fhat were onearued aC ll�e fi�ue of sncli csu�cellafion ur kerminxGon. 71. Assignment of M iSCellAneous Proceeds; ForFeiture. All Miscellaneous Proceeds nre hereUy 2ssigned to and eliall be paid to I.ender. If'the 1'ro�etly is ck�maged, sLid1 Miswllancous Proceeds shall be applied to i�estor�ttion or repaix oPt1�e R'ope��ty, if thc ractor�tion or repair is ecouomicttlly feasible and Lender's securiCy is noC lessened. Durin�; auch xepair and restiora�tion period, Le,��der sha11 have the iight to hold such Misccllancous Procecds �mtil Lendar has had an opportunify to inspcct such Properfy Co ensnre the work has been con�leted to Lender's f znooizsn NE6RA51(�-Single Famlly-Fnnnis MaelFredtlle Mao UMIFORM WSl'RUM tN'I' Form 3020 7(07 vMP� v�nPe(Ne��t�on� Wolters IUuwar f-inanclal Servlcea Page 9 of 1'!