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201109471 continue to pay to Lender the aznount of the separately designated payments that were due when the insurance coverage ceased to be in effect. Lender will accept, use and ret�tiin these payments as a non-refundlble loss reserve in lieu of Mortgage Insurance. Such loss reserve shall be non-refund�Ule, notwithstanding the facti that t11e Laan is ultimately paid in fu11, ai�d Lencler shall not be required to pay Borrower any interest or eainings on such loss reserve. Lender can no longer require loss reserve payments if Mortg�ge Insurailce coverage(in the ainount and foi•tlie period that Lender requires)provided by an insurer selected by Lenc�er again becoines availaUle, is obtainecl, and Lender requires separafely clesignated payments toward the premiuins for Mortgage Insurance. If Lender required Mortg�ge Insurance as a condition of malcing�l�e Loan and Borrower w�s reqtiired to inal�e sepas•ately clesignated payments toward the premiums for Mortgage Insurance, Borrower shall�ay the pi•einiuins required�o maintaitz Mort�;age Insur�nce in e�feat, or to prbvic1e a i�on-refiinclable loss reserve, until Lender's requirement for Mortgaga Insurance ends in accordance with any wiititen agreeinent between Borrower and Lender providing for such terrnination or untiil termination is reqLlired by Applical�le Law. No�hing in this Section 10 af�ects Borrower's ovligatioi�to p�y interest at�he rate provic�ed in the Note. Mortgage Insurance reiinUtirses Lender(or any entity tkat purchases the Note) for certain losses it may incur if Borrower does not repay the Loan as a�reed. Borrower is not a party to tlle Mortgage Insurance. Mortgage insurars evaluate their total rislc on a11 such insurailce in Force fiom time to 'tiine, a�1d may enter iilto agreeinents with other parties that shar�or inoc�ify tlieir rislc, or reduce lossas, These agrseinents are on tei�ms and conditions�hat are satisfactory to the mortgage insurer and tlze ather party(or par�ies)to thesa agreements. Tliese agreeil7ents inay require tha mortgage insLirer to inalce payments using any source of funds that ihe inortgage insurer inay have available(whicli�nay include funds obtainecl from Mortgage Insurance premii.uns), As a result of these agreeinents, Lent�er, a�ly purchaser of the IVote, another insurer, any reinsurer, any other entity, or any aft"iliate of any of the foregoing, may receive(directly or indirectly) asnouilts�l�at de�•ive Proin (or might Ue cliaracterized as) a portion of Borrower's payinents for Mortgage Insurance, in exchange for sharin�or rnodifyillg the mortgage irisuter's rislc, or reducing lasses. If such agreement provides that a1i affiliate of Lender talces a slzare of the insurer's rislc in exchange for a share of the premiums p�id to the insurer, the�rrangement is often tierined"clptive reinsurance." rurther: (a) Any such,�greeinents will uot lffect the Rinounts t1iRt Borrower lils ngreed to p1y for Mortgage Insiu•nnce, or�tny other terms of the Lonu, Sudi agreernents will not incre�se the nmomit Borrower will owe for Mort�age Insi�rance, �nd they will uot entitle 13orrowei•to any refimd. (b) Any snch;�gree�nents will liot�ffect tlie riglits Borrower lias-if�ny-with respect to tlie Mortglge Insurince mider the�Ioineowners Protection Act of 1998 or any other law. These riglits m1y inchade the right to receive cert�►in disclosures, to request �nd obtain cance111tion of the Mortgnge Insurnnce, to have tlxe 1Vlortg7ge Insurance terminnted automntically, Rnd/or to receive n refitud of any Mortgnge Insurnnce premiums that wot•e urie�rned af the time of st►cli c�ncellatio�i or terininntion. 11. Assignment of M iscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds a�•e herevy�ssigned to and sllall be paid to Lender, Tf the Property is dau7aged, such Miscellaneous Proceeds sha11 l�e appliecl to restoi•atioi7 or repair of the Property, if the restoration or repair is economically faasivle aud Lender's security is not lessened. Dtu�ing such repair and restoration period, Lender sha11 have the right to liold such Miscelraueous Proceeds until Lender has had�ii�opportunity to inspect such Property to ensure the worlc h�s beeii coiilpleted to Lender's 231235 NEBRASKA-Single Family-Fannle MaelFreddle Mac UNIFORM INSTRUMENT Form 3028 1/01 VM P p VM P6(NE)(1105) Wolters Kluwer Financlal Services Page 9 of 17