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201208477 concinue to�ay Go Lender the amount of the aepn�•ntely designeted payn�e�its Ytiat wcre due wheu the inaurxnco covcragc c ot�sed to Ue iii effect. Lender will accept, use and reYain these paymenfs �s a non-xefund�ble loss reserve in lieu of Mortg�igc Insurance. Sucllloss reaerve shall be uon-refimdable, noYwitl�standing Yhe Paot that the Loan is ulrimately paid in fiill, and Lcndcr sha11 not be required Eo pay ]3orrower airy interest or earnings on such loes reserve. Lender oen no longer rcquire loss reserve payment� � if Mprtgage G�surance coverage(in Uie ainount aud i''or the peiiod that Lender reqniresf provided by an in.sL�rer aolccted Uy Lcndcr again becoiues available, is oUtained, and Lender requires separnCely deeignaCed paymei2tis toevtucl tihe�remiums for Mortgagc Tnsuranc�. Jf I,u��der requtred Mortgmge Insurance as a condiYion of mAleing the Lonn and Barrower wns required So n�akc scparatcly desi�iated payinenYs Eownrd tlie premiums f'or Mortgage Insmance, Borrower ahall pay the premiums required to ma3ntain Mwtgage Inaurtuice iu effect, or to provide a i2on-refundaUle]nse roscrvc, until l.endzr'a requirament for Mortgage Inauranoe ends in aeoordance with nny written Agreement between Borrowor and Lcnder providing for such tennination or m�til tenninntion is reqnired by Agplicabla L�w. Nothing in thia Seetion 10 affecte Borrower's o6ligaCion to pay ivterest at Y7�o rate ptovided in tlie Note. MorCgagc Instirancc reimburses Lender(or a.ny entity that purchases the Note) for certain losses it may inour if Borrower does noC repaq the Loan as agecd. 13�rrowet is nof apa�'ty to Uie Mortgaga Insurnnee, MorCgago ii�surors ovahiate their total risk on all such iusw�aiice in Force from time to time, pnd mRy enter inW agreements wiCh otl�cr parties tHat sharc or modify their rlslc, or reduce losses. These agraements [u•e on terins and eonclitiona that Are satisfactory to tha morlg�ge it�sw�er and 4he othor(�arty (or pacties)to these agreements. The�e ageeemenCs inay reqLiire tiie morYgage insw•er to malce paymenta using uiy sotiircc of fimds thaf flie mortgage ineurer inay havc availab1c(which inay include fuuds obtained fi'om Mortgage Insurance pre�niums). As a result of these ¢greements, Leixder, anq pLu�ch<iser pf uhe Note, another i�isurer, any reinsu�er, any otl�er entity, or erly affilia�te of any of the foregoing, may reeeive(d'n�eotly or nidirecCl�) amount�that derive from (or mighC be cl�araoterized as) a poruon oP Iiorrower's paymente for Mortg�ge Insurauce, in exchazige for sharing or modifqing the n�ortbage insurer's risk, or redncin�losses. If such agreement provides that nn nffiliale oP Lende.�' Calces a share of Lhe insurcr's risk in cxchango for a sUare of fhe premiums paid to Uie insurer, the arrnngement is often tetrned"oaprive reinauranoe." Purther: (a) Airy such xgreements will uot affect tho nmom�te that Boxirowcr hns ngrced to pay for Mm�lgage Instiirance, or any otlier terma of the Loan. Sucli ngreenients will not iucrease che amonnt Borrower will owe for Mm�tgage Insurnnce, and they will noC enfitle I3m•rower to xny refund. (b) Any sncli agreements will not affect the righl��Bon�ower Las -if any-with respect Eo tlie Mortgngc Insurancc nuder Clie FIomoowncis ProtecYlon Act of 1998 or any oClier law. Tl�ese riglits may i�iclude the right tu reeeive certnin discloaurce, to reqncet ancl obtain cancellation of the MorCgage insurance, Uo have the Mortg:��;e Tosnr�nce termiuxted �ntm�la�tically, and/or to reccivs a refund of any Mortgage Lis�u•auce premiiuns Cl��t were mionrned Ht the time uf duch cnnccllatimi or tcrminntion. 11. Assignment of M iSCellaneouS PYOCeeds; FoYfeituYe. All Miscelltmeous Proceeds 1re hereby assigncd [o and sha11 be paid to T>ender. If the Property is damaged, snch Miscellaneous Proceeds shall Ue applied to resCoratiosz or repair of Lhe Property, if the resCoratioit or repair is econoniically fcasiblo and Lcnder's security is not lessened. Dwin� such repatir nnd restor�tion period, Lender shall have the right to holcl sucl�i Miscel7aveone Yrc�ceeds until Lender has had a�i opportunity to insyeot sueh Property to ensure the worlc hns Ucen completeci to Lender's 24002427 N[oR�SKA-Single Fam ily-Fannie M aolFrodtlle M ac UN IFORM INSTRUM ENT Form 3028 17U 1 Vfri P(ry VM Pfi(NC)(71051 Wolters ICluwer Flnflnolel 8ervices PeAc 9 af 17