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201211196 continue to pay to Lender the amount of the separately designated paymeirts that were due when the �nsurance coverage ceased to be in effect. Lender will accept, nse and retain th�e payments as a non-ref"undable loss reserve in lieu of Mortgage Insurance. Such.loss reserve sha11 be non rcfundable, notwithstanding the fact t1aaY the Loan is ulrimate]y paid in full, and Lender shall not be required to pay Boxrower any interest ar earnings on such loss reseme. Lender can no longer require loss reserve pa}�ments if Mortgage Insurance coverage(in the aznount and for the period thaf Lend�requires)prooided by an rnsurer selecTed by Lender again becomes auailable, is obtained, and Lender requires separately designated paymeni towazd the premiums for Mortgage Insurance. If Lender required Mortgage Insurance as a condirien of xnaking the Loan and Borrower was required to make separately designated payments towazd the premiums£or Mortgage Insurancc, Borrower skall pay the premiums required to inaintain Mortgage Insurance in effect, or fo provide a noa-re£undable loss xeserve, until Lender's requirement for Mortgage Ins�ance ends ut accosdance with any w,-ilten agreement betweeu Bonower and Lender providing£or such termiaation or zmtil tennination is required by Applicable Law. Notlung in this Sec;rion 10 affecCs Borrower's obligalion to pay interest at the rate provided in the Note. Mortgage Insurance reimburses Lender(or any entity that purchases the Note) for certain losses it may incur if Borrower does not repay the Loan as agreed. Borrower is not a pazty to the Mortgage Insurance. Mortgage ins2�rers evaluate their total risk on all such insurance in force from time to time, and may enter into agrecments with other parties that shaze or modify their risk, or reduce losses. These agreeuzents are on terms and condirions that are satisfacEory to the mortgage insiffer and the other party(or parties) to these agreements. These agreements may require the mortn ge insurer fo make payments using any source oP funds that the mortgage insurer may have available(which may include funds obfained from Morfgage Insurance preiniuxns). As a result of these agreexnents, Lender, any purchaser of the Note, another insurer, any reinsurer, any other entity, or any affiliaYe of any of the foregoing, may receive(directly or indirec�ly) amounts that derive uom (ar mighC be chazacterized as) a portion of Borxower's payments fur Mortgage Insurance, in exchange for sharing or modiPying the mortgage insurer's risk, or reducing losses. If such ageement provides that an affiliate of Lender Takes a share of the insurer's risk in exchange for a shaze of the premiums paid to the insurer, the arrangcinent is often termed"captive reinsurance." Further: (a) Any such agreements will not affect the amounts tUat Borrower has agreed to pay for iVioxtgage Inaurxnce, or any othcr terms of the Loan. Such agreements will not increase tlie amount Borrower will owe for Vlortgage Insurance; and they�vill not entifle Barrotiver to any refund. (b) Any such ab eements rvill not affect the rights Sorrower has-if any-with respect to the Mortgage Insnranee under tUe Homeowners Protection Act of 1998 or anv othcr la.�i�. These rights may include the right to receive certaih disclosures, to request and obtain cancellati0n of the Mortgage Insurance, to have the Mortgage Insurance terminated automatically, and/or to receive a refund of any vlortgAge Insurance premiums that were unearned at the time of such cancellafion or ter��inafion, 11. Assignment of M iscellaneous Proceeds; ForfeRure. All Miscellaneous Proceeds are hereby assigned to and shall be paid to Lender. If the Property is damaged, such Miscellaneou�Proceeds shall.be applied to restoration or repai.r of the Property, if the restoration or repair is economically feasible and Lender's security is not lessened. During such repair and restoxation period, Lender shall have the right to hold such Miscellaneoue Pxoceeds until Lender has had an oppoxtunify to inspect sueh Prapexty to ensure tha work has been completed to Lender's zaooszei NFBrZASKASingle Famity-Fannie MaeJFretldie hlac UNIFOWd INSTRUM ENT Form 3028 V01 4MP� VMPB(H�(1105) W oliers Kluw er Flnancial Services Page 9 of'I]