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201210949 contiinue to pay fo Londcr tho an�oimt of the separate1y desi�gziated payments�liat were due when the iusuranoe coverage oeased to be in effeot. Lencler wi11 aecepf, use and retain those paymc�its xs a non-refundable loss reserve in lieu of Mortgnge Insurnnce. Such loss reseroe shall be non-refundlUle, notwithstuiding the fact that the Loan is ultimately paid in full, u�d Lender shall not be required to pay &�rrower any interest or aarnn2gs nn �uch loss rescrvo. Lendcr can no longar req�ure lose reserve payments if Mortgage Instiranoe wverage(in the amount nnd for Ihe perioci ChaC Lender requires)prwided by an insurar selecteci by Lender again bacoines auailable, is oUtained, and Londer requires sepnrntely desigu2ted payinents to�vaid the peemiums for Mortgage Insw�ance. lf l.ender required Mortgage li�sw'wca as a condiCion oP n�alting Lho Lozm anci Borrower wa�required to malcc ecpai atoly dcsign�ted payments toward thc premiums fox MorYgage Insurnnce, Borrower sliall pay the prenuums required lo n�ninkain Mortgage Iusm�auce in effect, or to provide a noii-refuudable loss reseive, nutil I,eiuler's requirement for Mortgage insurancc ouds in aocordancc with any wriftcn agrpcment betwccn Ben�rowor and Lendcr providit�g for such henninalion or unfil tennination is xeqtiired by Applicable L�w. Nothing in this Secuon 10�affects Borrower's obligation to pay interest at the rate provided in tUe Nota. Martgage Insuranoe reimburses Lendar (or any entiCy tliak pw•chases tha Note) for eerCain losses it may incur if'Borrower does nof repay the T.,oan Eis agreed. 13arrower is not a party to the Mortgage Ineurance. Nlortgaga insurers evaluate Uxea�tote�l rislc on all snch insurance in force ftom lime to kime, and may enter into agroementm with oUier parties that share or n�odify Cheir risk, or recluoe losaes. These agreemenka are on terms and conditions that nre aatis£nctory to the mortgege inaurer and the other party(or paa�ties)to tl�ese agreements. Thase egreements iney reqtiiira tlie martgzge instarer to maka payinents using any somce of fimds that t1�e mortgage insm�er may haue auail�le(��hich may include hmds ol�tained from Mortgagc Insuranee �7TCi:�"11UtllS�. As a result of t1i�ae agreeme�7ts, Loncicr, any purchascr of the Notq anothex ineurcr, atry rcinsurer, u7y ofher cntity, or any afGliafe of a�iy of tlie Foregoiug, mny receive(direotly or indireotly) amounts that derive fi�om (or might Ue characterized aa) a portion of Borrawer's�ayinents for Mortgaga Insurance, in excha��ge for sharin�;or modifyui�;t�he morfgage insurer's risk, or reducing losses, If such agrccmcnt providcs that an affiliate oF Lcnder takes t�shnre of[he insurer's risk in exohnnge for a share oE the premimns pnid to the insurer, the arr�uige�nent is often tenned"captive reinsurance." Furtl�er: (aj Any snch ngree�nents will uot affect the rmmmts that Rorrower has agreed to pay fuw Mortgage Insiu•unce, or any other terms oF Yhe Lomn. Sacl� ttgreemenCS will not increaeo C}ie amounf � 13orrower will owe for Mortgage visnrance, mid Ohey will not eutitle Bm�irower to any refmid. (b) Any such agreements wlll uoC afPecE fhe rig}iCs Borrower l�as-iF any-witlt respect[o the Mortgnge Iusnrnnce mider the IIomaowueis Protection Act of 1998 or nny othcr Ixw. These rights mny inclttdo tltc rig1�C to receive cert��ui disolosares, to reqnest nnd obtain cancellati,on of U�e Mm•tgxge Insurance, to have Ct�e Mm�Cgage Insm•ance teiv�inated an[o�nalicallg, mtd/or ta receive a refimd of auy Ma�t�nge Insnrancc preminms that�vcrc micarncd at tl�c Cimc o[such canccllntion or termin;ttiou. 1 1, Assignment of M iscellaneous Proeeeds; ForPeiture. A11 Miscellaneous Proceede are hereby assigncci to and shall Ue paid to T,ender. If the ProperCy is clTmaged, suoh Miscellaneous Proceeds s1�a11 bo zpplied to�restoration or ropair of The Property, if[l1e restoration nr rcpair is economically Peaaible and Lendar's security is not leseeueci. Diu•in� Fuch rep�ir and restoxation�eriod, Lender shell heve the right to hold such Miscellaneaus Proceeds mitil Lendel•hes had an opportunity to inspeci such Property to en�ure the worlc has been completed to I.enc9er's 24003152 NCORASKA-Sin!31e Pam ily�Fannie M ae7Pretltlle bl ac UNIPORh1 INST2UM ENT Form 3020 7101 VM P p9 VM Pe(NE)(1105J Wolters Kluw er Flnanclal Servlces Page b ot 7]