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2� 1 ��7�25 payments that were due when the insurance coverage ceased to be in ef�ect. Lender�vill accept,use and retain these paymen�s as a non-refundable loss reser�e in lieu�f Martgage Insura.r�c�. Such�ass reser�e shal�be non-refundable,notwithsta.nding the fact that the Laan is u�timately paid in full,and Lender shall not�e requir�d to pay Borr�wer any interest or earnings on such loss reserve.Lender can no longer require loss reser�e payments if Martgage Insurance co�erage(in the amount and far the periad that Lender requires}pr��ided by an insurer sel�cted by Lender again becomes availal�le, is abtained,and Lender requires separately designated�ayments toward the premiums for Mortgage Insurance.If Lender required Mortgage Insurance as a c�ndition of making the Loan and Barrower was required to rnake separately designated paymen�s tovvard the premiums for Mortgage Insurance,Borrow�r shal�pay the premiums requir�d to maintain Martgage Insurance in ef�ect,or to pro�ide a non-r�fundable loss reserve, until Lend�r's requiremer�t for Martgage Insurar��e ends in accardance with a.r�y written agr�ement hetween Borrower and Lender providing for such termination or until termination is required by Applicable Law. N�thing in this Secti�n 1�af�ects Borrawer's abligation to pay interest at the rate provid�d in the Note. Mortgage�nsurance reimburses Lender(or any ent�ty that purchases the N�te}for certain��sses it may incur if Borrower does not repay the Loan as agreed.Borrower is nat a�arty to the Mortgag�Insuran�e. Martgage insurers e�aluate their tata�risk on all such�nsurance in force from time to time,ar�d may enter into agreements with other parties that share or modify their risk,ar reduce lasses.These agreements are an terms and canditi�ns that are satisfactory to the mortgage insurer and the�ther party�or parti�s}to these agreements. These agreements may require the mortgage insurer to make payments using any source of funds that the mortgage insurer may ha�e a�ailable�which may include funds obtained from Mortgage Insurance premiums}. As a result of these agreements,Lender,any purchaser of the Note, another insurer, any reinsurer, any other entity, or any affiliate of any af the foregoing,may receive�directly or indirectly}amounts that deri�e from(ar might be characterized as}a portion of Borrower's paym�nts f�r Mortgage Insurance, in exchange for sharing�r m�difying the mortgage insurer's risk,or reducing losses.If su�h agreement provides that an af�iliate of Lender takes a share of the insurer's risk in exchange for a share of the premiums paid to the insurer,the arrangement is often term�d"capti�e retnsurance." Further: (A} Any such agreements w�ll nat af�ect the amounts that Barrower has agreed t� pay for Martgage Insurance, or any other terms af the L�an. Such agreements will nat incr�ease thQ amount Borrower will owe for Mortgage Insurance, and they will not entitl� ��rroawer to any refund. (B} Any suCh agreements will not affect the rights Borrower has - if any - with respect to the M�rtgage Insurance under the Homeowners Protection Act af 1998 or any vther law. These rights may include the right to recei�� certain disclo�ures, to request and obtain cance�lati�n of the Mortgage Insurance, to ha�e the Mortgage Insurance terminated automatica�ly, andlor . to recei�e a refund of any Mortgage Insurance p�emiurns that were un�arned at the tim� of such cancellation or termination, 1'I.Assignment of Misc�llane�us Proceeds; Forfeitur�.All Mis�ellane�us Proc�eds are her�by assigned to and sha11 be paid ta Lender. 113882?543 19I�5 VMP� WUQolters Kluwer Financial Servives �a1fi1�31'ifi.1.�.353�-,l2�16D219Y Initiais: Page 9 of 17 � •