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��14��5 not be required to pay Borrower any interest or earnings on such loss reserve.Lender can no longer require loss reserve payments if Mortgage Insurance coverage(in the amount and for the period that Lender requires}pr��ided l�y an insurer�elected l�y Lender again l�ecome�availal�le, is fll�tained,and Lender requires separately designated payments toward the premiums for Mortgage Insurance.If Lender reyuired Mortgage Insurance as a condition of making the Loan and Borrower was reyuired to make separateiy designated payments toward the premiums for Mortgage Insuranc�,Barrow�r�hall pay the premiums reyuired to maintain Mortgage Insurance in ef�ect,or to provide a non-refundable loss reserve, until Lender's reyuirement for Mortgage Insurance ends in accordance with any written agreement between Borrower and Lender providing for such termination or until termination is required by Applicable I�aw. Nothing in this Section �� af�ects Borrower's obligation 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 B�rrower does not repay the Loan as agr�ed.Borrower is not a p�rty ta the Mortgage Insurance. Mortgage insurers evaluate their total risk on all such insurance in force from time to time,and may enter into agreements with other parties that share or modify their risk,or reduce losses.These a�reements are on terms and conditions that are satisfactory to the mortgage insurer and the other party(ar parties}to these agreements. These agreements may reyuire the mortgage znsurer to make payments using any source of funds that the mortgage insurer may have available(which may include funds obtained from Mortgage Insurance premiums}. As a result of these agreements,Lender,any purchaser of the N�te, another insurer,any reinsurer, any other entity,or any affil iate of any of the foregoing,may receive(directly or indirectly}amounts that derive from(or m ight be characterized as}a portion of Borrower's payments for Mortgage Insurance, in e�change for sharing or modifying the mortgage insurer's risk,or reducing losses. If such agreement provides that an affiliate of Lender takes a share of the insurer's risk in e�change for a share of the premiums paid to the insurer,the arrangement is often termed "captive r�insurance."Further: [A} Any such agreements will not affect the amounts that Borrower has agreed to pay for Mortgage Insurance, or any other terms af the Loan. Su�h agreements wi11 nat increas� th� amount Borrower will owe for Mortgage Insurance, and they will not entitle Borrower to any refund. {B) Any such agreements will not affect the rights Borrower has - if any - with respect to the Mortgage Insurance under the Homeowners Protection Act of 1998 or any other law. These rights may include the ri�ht to recei�e certain disclosures, to request and obtain cance�lation of the Mart�a�e Insurance, ta ha�e the Mortgage Insurance terminated automati�al�y, andlor to recei�e a refund of any Mort�a�e Insurance premiums that were unearned at the time of such cancellation or termination. 'I'I.Assignment of IVliscellaneous Proceeds; Forfeiture.All Mis�ellaneous Proceeds are hereby assigned to and shall be paid to Lender. If the Property is damag�d, such Misc�llane�us Pr�ceeds shall l�e applied ta rest�ratian ar repair of the Property,if the restoration or repair is economically feasib�e and Lender's security is not lessened.During such repair and restoration period,Lender shall ha�e the right to hold such Miscel�aneous Proceeds unti� Lender has had an opportunity ta inspect such Praperty to ensure the wark has been campleted to Lender's 1195800301 ME9F�A5KA-5ingle�ami�y-Fannie RU4aeIF�eddie RU4ac�NIF�RN4 INSTRIlMENT Forrn 3fl281ffl1 VMP� �� 021'�4 Woiters Kluwer Financia!5ervi�es 201409154.'�.'�.2529-J20�31226Y �nitials: Page 9 vf 17 ''H � 58DQ3��1 * �