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201109342 j . coutinue to pay to Lendcr thc amount of the separately desig�ated payments that were due when the insurance coverage ceaaed to be in effect.Lender will accept,use and retain these payatents as a �� non-refiindable loss reserve in lieu of Mortgage Tnsuranca Suc6 loss reserve shall be noo-refundable, . II notwithstanding the fact that the Loan is altimately paid in full,and Lepder shaq not be required to pay Borrower any interest or earninge on such loss reaerve.Lender can no longer require loss reserve paymeuts . , if Morlgage Insu�attce coverage(in t6e amouttt and for the period that Lender requires)provided by an insurer selected by Lender again becomes available,is obtaiaed,and Lender requirea separately designated paymenis ioward t6e premiums for Mortgage Insurance.If Lepder required Mprtgsge Ihsurance as a conditiott of making the Loan and Borrower was reqaired to make separntely designated payments toward the premiums far Mortgage Inswance,Borrower ahaU pay the premiutns required to maintain Mortgage ' Insurance in effect,or to provide a tton-refundable loss reserve,uutil Lender's requitement for Mortgage Insurance ends in accordance with any written agreement between Borrower and Lender providing for such terminatioa or until termination is required by Applicable Law.Nothing in this 5eetion!0 affects $orrower's obligation to pay intvest at the rate provided in t6e Note. Mortgage Insurance reimbiuses Lender(or any entity that purchasea the Note)for cetiain losaea it may incur if Boerower does not repay the Loan as agreed.Borrowtr is not a party to the Morlgage Insurance. Modgage insurera evaluate their total risk on all such insurance iu force from tiroe to time,end may enter I inta agreements with other parties that share or modify t6e'v risk,or reduce losses.These agreements are on terma end canditions that are satisfactory to t6e mortgage insurer and the other patty(or pacties)to ihese agreements.These agreements may require the mortgage insurer to make peyments using any source of funds that the mortgage iasurer may have available{which may iaclude fixuds obtaiaed&om Mortgage Insurancc premiums). As a result of these agreements,Lender,any purchaser of the Note,another inaiver,any reinsurer,any other i entiTy,or auy afftliate of any of the foregoing,may receive(directly or indirectly)amounts that derive Gom (or might be characterized as)a portioa of Bo�rower's paymeats for Mortgage Insuraneq ia exchange for sharing or modifying the morlgage insurer's risk,or reducing lossea.If such agreement providea that an af6liate of Lender takes a share of tho iasurer's risk in exchange for a sharo of t6e premiums paid to the . insurer,the anangemeat is often termed"captive reinsurance."Further: (a) Any anch agreemeots will not affect t6e amounts that Borrower has agreed to pay tor Mortgage Insurance,or any ot6er terms of the Loan.Such agreementa wiU aot increase the amount Borrower will owa for Mortgage Iusurance,and they will not entitle Borrower to any refund. (b) Any auch agreements will oot atTect the rigLta Borrower Las-if any-with resQect to ti►e Mortgage Inaurance under the Homeowners Protecdon Act of 1998 or any other law.T6ese rights may inclnde tbe right to receive certain disclosnres,to request and obtAin cancellatioo of the Mortgage Ineurance,to have the Mortgage Insurance terminated auMmaticalYy,andlor to receive a reTund of any Mortgage Iasurance pretpiama that were uneamed at t6e Gme of sach cancella6oa or termination. 11. Assignmentof MiseallaneousPrcee6ds;Forteiture.Ap MisceUaneous Proceeds are hereby assigned to iand shall 6o paid to Lender. If tLe Property ie damaged,such Miscellaneous Proceeds shaU be applied to resloratian or repair of the Property,if the restoratioo or repair is economically feasible and Lender's security is oot lessened.During such repair and restoration period,Lender eLal!have the right to hold sach Miacellaneous Proceeds until Lender has had an opportunity to inspect such Property to ensure the work has been completed to Lendet's NE8RA9KA-Sinpfe Familyfannie Mas�Freddie Mae UNIFORhA INSiRUMENT ��-�' Fam 3028 7/Ot VMP� ( VMP6{NE)i1106).OU -, woltaBKluwarFiiremiaiServicas . ��. Rnpa9of17 I