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MAY. 29. 2013 3:00PM 2 01304339 WELLS FARGO HM MTG NO. 8159 P. 29 continue to pay to Lender the amount of the separately designated payments that were due wheu the insurance coverage ceased to be in cwt. Lender will accept, use and retain these payments as n non - refundable loss reserve in lieu of Mortgage Insurarce, Seek loss reserve shall be non - refundable, notwitbstandmg the fact that the Loan is ult rnatcly paid in fail, and Lender 811ll not be required to pey Borrower spy interest or earnings on Such loss reserve. Lender cats no longer require Loss reserve payments if Mortgage Insurance coverage an the amotmt and for the period that Lender requires) provided by an Insurer Selected by Lender again becomes available, is obtained, and Lender requires separately designated payments toward the premiums for Mortgage Insurance. Yi" Lender required Mortgage Insurance at a condition of making the Loan and Borrower was required to matte separately designated payments toward the premiums for Mortgage Insurance. Borrower shall pay the premiums requited to maintain Mortgage Insurance in effect. or to provide a non- refundable loss reserve, until Lender's requirement for Mortppgp Insurance eeda in aceerdeece with any written agreement between Borrower and Lender providing for ends lunation or Until termination is required by Applicable Law. Nothing in this Section 10 affects Borrower's obligation to pay inteereSt at the rate provided in the Note. Mortgage insurance reimburses Lender (or any entity that purchases the Note) for certain Tosses it may incur if Borrower does not repay the Loan as agreed. Borrower is not a party to the Mortgage Insurance. Mortgage insurers evaluate Oster total risk on all such insurance in force from time to time, and may enter inm agreements with other parries that share or modify their risk, or reduce IoSeee. These agreements are on tcrma and conditions tear are satisfactory to the mortgage insurer and the other party (or parties) to these agreements. These agreements may require the mortgage insurer to make payments tieing any source of funds that the mortgage insurer may have available (which may include funds obtained from Mortgage Insurance premluav ). As a result of them age:emcees, Lender. any purchaser of the Note, another insurer, any rehsenrrr, any orhtr entity. or arty affiliate of any of the foregoing, may receive (may or indirectly) amounts that derive from (or might be characterized as) a portion of Borrower's payments for Mortgage Insurance, in exchange for sharing or modifying the mortgage insurer's rielt, or reducing lessee. If such agreement provides that an affiliate of Lender takes a share of the insurer's risk in exchange fora share of the premium: pair] to the insurer, the auiangemem b often termed 'captive reinsurance." Further: (al Any melt agreements will not affect the amounts that Eorrarar has agreed to pay for Mortgage Iostininee or tray other terms of the Loan. Such egra.ements WIII not increase the amount Borrower will owe for Mortgage Insurance, and they will not entitle Borrower to any refund. (b) Any sit agreelneats will not affect the rights Borrower has - if any • with raped to the Mortgage Iasmnrtco Under the Hontoowntrs Protection Act of 1998 or any other law. These rights niay include the rlaht to receive oertale disclosures, to request end obtain cancellation of the Mortgage Instrrsrnee, to have the Mortgage Insurance tcrmotated automatically, andtor to receive A refund of slay Mortgage lbatirancc prsst ium6 that were unearned at the time of such eafCeRation or termination. 11. Assignment of Misotdtanapus Proceeds; Forfeiture. All Mieoe hate is Proceeds are hereby assigned to and shall be paid to Lender. If the Property is da nested, such Miscellanceus Proceeds shall be aped to restoration or repair of the Property, if Chic restoration or repair is economically feasible and Lender's reeurity is not lessened. During Such repair and restoration period. Lender shall have the right to bold such Miseellaneous Proeeeds until Lender has had an opportunity to inspect such Pmperly to ensure the work has been completed to Lender's NE B m s 3b Fur y fsnoie Moolrrabie Mee UNrOR rNaTfttAfffr V 1tsva Kammer riMVMZI 3ert4MS 05/29/2013 4:01PM (GMT- 05:00) Perm VWPB1kC 10 5).00 PepeS sr 17