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201208298 continue to pay to Le�idcr the�amount o�f t6e separately designated paymonfs thnt were due wlie�� the insurance covera�o c��sed to be in effect Lender will accapt, usc and retaiu these paymcnts as a non-refundable loss reserve in licu of Mortgage Insurance, Such loss reserve sUall he noti-refundable, notwith8tanding tlie fact khat 4he Loazi is tiltimatcly p�id in full, and].endc.r ah�ll not ba required to pay Boirower any interest or earnings on such loes reserve. Lender can uo long�r require loss rescrve payments if Mnrtgage Insurance coverAge(in tljc amount and for the period that Lender requires)}�rovideci by nn inaurer selected by Lendee again bccomea available, is obtained, and Leuder requires separately desiguated payments fovatud the preiniiuns f�r Mortg¢ge Insurara c. IF Lender eequired Martgage Insurance as a condition o£makuig tlie Loan and Borrotuer was required to make�epar�tely designated payments Cownrd the �reiniums for Mortgage Insm'Fu7ce, Borrowcr shaR�ay Yhe pramiums required Yo maintain MorCg2ge Insuranco in eft'ect, or to provide a non-refitndnUle loss reserve, uutil I.endcr's requirement�For Mortgage Lnsuranoe ends in accordance with nny�n'Itten agreement between Borrower and Lendet providing for such terminaCion or until fermination is required by ApplicaUle Law. Nothing in YUis Sec6on 10 affecta Borrower's obligation to pay 'v�tcre.sC flE the raCe provided in th�Note. Mortgage Insurance xeimbw�ses Lender(or any entity that pLuohases tha Note) for certain losses it may.ine�u� if Borrc�we� does not repay tho Loan ae agreed. I3orrower is not a party to tl�e Mortgage Insivanoo. Mortgage insurers evaluate their total risk on ell such insuranee 9n force froi��tiine to time, aud may entcr into agrecn�e�iCa with ol�ie�'partic;e Chnt share or mociify Lheir risk, a reduco losaes. These agreements are on terms and conditions that are satisfactory to fl1c n2ortgage uisurer and Che other'parCy (or parties) to these agreements. Tl�ese agreeinenta inay req�iire Che mortga�e insurer to make payments usuig any som'ce of fiinds that the tnortgage iusnrer may have availaUle (which mrry inolude'fiwds obtainul from Mortgagc% [ti�tiranae jJI01TItU117B�. As a result of these agreemcnts, Lender, auy pnrchaser of the Notc, anohher insurer, any rcinsurer, nny other enfity, ot any��filiate of any�of tha foregoing, may receive(direotly or indirectly) amounts that deiive frrnn (or nvght be oharacterized ns) a portior� of Borrower's payuienCa£ar Mortgage Ineurance, in exalia�tge for shu•isig oe modifying the morCgage insurer'e rislc, or rcduoing lossas. If such agxeemenC provides thal an nffiliate of Lcnder tekas a share oP the insmer's risk in exchauge for a sh�re of tihe premim��s paid to the iusur�r, the airangemeirt is ofCen termed"caprive r�inem•auce," b'�u'Cher: (a) Any sucli agreomenls will nof affecf the amonnts t1�aC Borrowcr has agreed to pay for MorCg�ge Insm•ance, or any other terms of thc Los1n. Sucl� agreemc�its will not incrcase tlie amomrt Aorrower will owe f'or Iortgago Insuranae, and thcy will not enYi�le Barrower fo any rcfm�d. (b) Airy s��ch ngirocinents will not affect the i4ghls Borrower hss -if any-wit6 respect ho Yhc Mort�ngc Iusurance nnder Uie�lomeowners Protection�ct oP 1998 or any oflier law. Tl�ese righte may include L}ie righY to�receive�cerEt�in disclusures, to reqnest and obtain cancellation of tlie Mortg.�qe Insnrnnce, to h;ive the Mortgnge Iusut�ance tcrminxCed automntically, :�ucl/or Co iroccive R retund of any Mortgage Insnrnnec�rem9u�vs t1�aC were unearned at tl�e time of snch cancellaUlan or terminflHon. 11. Assignment of M iscelfaneous Proceeds; Forfeiture. All Miscellaneous P,occede are hereUp�ssigneci co and shnll be paid to Lendex. Tf liie Propecty is damaged, suoh Misccllaneous Proceeds shall be npplied to reskoiAtion or repttir of the ProperCy, if thc restoration or re��air is econonucally Pensible and Lender's secm�ity is not lessened. Dur'vig such xepair anci restioration period, Lender shall hflve the rigrt fo hold such Mlecollaneous Prooeeds until Lend�'hns had ui opporhuiity to inspect such Property to eneure tha work l�as been cou�pleted to Lender's 2aoaza�� NFARA51(A-Single Famlly-Fannle Mae(fredtlle Mec UNIFORM INSTRUMEN'f Form 3020 1107 vMNt� v�n Pa�Ne�(��oo� Wol(ers Kluwer Pinancial Services Pa9e 9 nf 17