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� �� 201210795 continue to pay to Lender the amount of the separately designated payments that were due when the insurance coverage ceased to be in effect. Lender will accept, use and retain thesc payments as a non-refundable loss reserve in lieu of_l�Iortgage Insurance. Such loss resen�e shall be non-refundable, notwithstanding the fact that the Loan is ultimately paid in full, anci Lender shall not be req_uued to pay Borrower any interest or earnings on such loss reserve. Lender can no longer require loss reserve payinents i f Mortgage Insurance coverage (in the amount and for the period that Lender requires)�rovided by an ivsi�rer selected by Lender again becomes available, is obtaiuetl, and Lender requires sepazately designated payznents toward tho premitmis for Mortgage Insurauea If Lender required Morta ge Insurance as a condition of malang che Loan and Borro�er was requued to make sepazately dcsigna[ed pa}nnents totivard the premiums for Martgage Insurance, Borrower shall pay fhe premi�uns required to maintain Mortgage Insurance in effect, or to provide a non-refundable loss reserve, until Lencier's requsewent for Mortgagz Insuranec ends in accordance with any written agtcement between Boirowei and Lender providing for such termulation or until termination is required by Applicable Law. Nothing in this Section ]0 affects Borrower's obligation to pay interest at the rate provided in the Note. Mortgage Insuranee reimbucses Lender(or�.ny entity tbat p�schases the Note) for certain losses it may incur if I3orrower does not repay the Loan as agreeci. Borrower is not a parry to the Mortgage Insurance. Mortgage insurcrs evaluate their total risk on all such ins2uance in force from dme to rime, and may enter into agreements with other pazries that share or modify their risk, or reduce losses. These agreements aze on terms and conditions That are satisfactory to the mortgage insurer and the o$ier pazty(or paRies)to these ageementa. These agceeme�fs may require the mortgage insiuer tq make payinents using any source of funds that the mortgage insurer mav lulve available(whicli may include funds obtaincd from Mortgage Insurance premiums). As a result of these agreetnents, Lender; any purehaser of the Note, another insurer, any reinsurer, any other 0ahty, or any affiliaYe o£any of the foregoing, may receive(3irectly or indirecfty) amottnts thaT derive from (or mighi be characterized as)a portion o£Borrowe_r's payments for Ivlortgage InsLsanee, in e,Xchange for sharing or modifying the mortgage insurer's risk, ar reducing lasses. If such agreemeat grovid�that an affiliate of Lender takes a shue of the uisurer's risk in exchange for a shaze of the premiums paid to the insurea-, the arrangement is often termed"captive reinsurance." FurEher: (a) Any such agreements will not affeM thc amoimts that Borrower has agreed to pay for Mortgage Insurnuce, or an��other terms of the Loan. Such agreements will not increase tlie amount Borrower wi41 owe for Martgag�Insurance, xnd Ehey will not entiUe Borrower to any refund. (b) Any such agreements will not affect the rights Borrower has-if any-with respect f,o the Mm�age Insurauce uuder tLe Hmueuwuers Protection Act of 1998 or any other law. These rights may include the right to receive certain disclosures, fo request and obtain canc¢llxtion of the Mortgage Ivsnrancc, to have the Mortgage Insurance terminated automaflcally, and/or to receive a refund of any Mortgage Insurance premiums that«^ere unearned at tlie time of such cancellation or termination 11. Assignment of M iscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds arc hereby assigned to and shall be paid to Lendei. � If Che Froperiy is dxu�aged, suqh Misce]]aneous Proceeds shall be ap�l3ed to restoration or repaiu af the Property, if the restoration or repair is economioally fcasihle and Lender's security is not lessencd. During such repair and restoration period, Lender shall have the right to hold sucl�Miscellaneous ProceOds unTil Y,ender Uas had au opportunity to inspect snch Property to ensure the work has been complefed to Lender's 24002484 NFHRASK2Single Famity-Fannie h1 aelFretldie M ac UNIFORh7 INSTRUId ENT Form 3028 1!O i VM P� VM P6(N�(1105) Woliere Kluwe[Fnanciel Services Page 9 of 19