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��109�52 continue to pay to Lender the amount of the separately designated payments that were due when the ;n�,�nse coverage ceased to be in effect. Lender will accept, use and retain these payments as a non-refundable loss reserve in lieu of Mortgage Insurance. Such loss reserve shall be non-refundable, notwithstanding the fact that the Loan is ultimately paid in full, and Lender shall 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) provided by an insurer selected by Lender again becomes available, is obtained, and Lender requires separately designated payments toward the premiums for Mortgage Tnc�ransp. If Lender required Mortgage Insurance as a condition of making the Loan and Borrower was required to make separately designated payments towazd the premiums for Mortgage Insurance, Borrower shall pay the premiums required to maintain Mortgage Insurance in effect, or to provide a non-refundable loss reserve, until Lender's requirement 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 Law. Nothing in this Section 10 affects Borrower's obligation to pay interest at the rate provided in the Note. Mortgage Tnc�,�n� reimburses Lender (or any entity that purchases the Note) for certain losses it may incur if Borrower does not repay the Loan as agreed. Borrower is not a pariy to the Mortgage Insurance. Mortgage insurers evaluate their total risk on all such �nc,�*a*anse in force from time to time, and ma.y enter into agreements with other parties that share or modify their risk, or reduce losses. These agreements are on terms and conditions that 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 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 Note, another insurer, any reinsurer, any other entity, or any aff'�liate of any of the foregoing, may receive (direcdy or indirecfly) amounts that derive from (or might be characterized as) a gortion of Borrower's payments for Mortgage Insurance, in exchange for sharing or modifying the mortgage insurer's risk, or reducing losses. If such agreement provides that an aff'�liate 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 termed "captive reinc� Further: (a) .�ny snch agreements will not at�ect the amounts that Borrower has agreed to pay for Mortgage Insurance, or any other terms of the Loan. Snch agreements will not increase the amount Borrower will owe for Mortgage Insurance, and they will not entitle Borrower to any refnnd. (b) Any snch agreements will not affect the rights Borrower has - if any - with respect to the Mortgage Insnrance under the Homeowners Protection Act of 1998 or any other law. Thege rights may include the right to receive certain disclosnres, to request and obtain cancellation of the Mortgage Insurance, to have the Mortgage Insurance terminated sutomatically, and/or to receive a refund of any Mortgage Insurance premiums that were unesrned at the time of snch cancellation or termination. 11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby assigned to and shall be paid to Lender. If the Property is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of the Property, if the restora.tion or repair is economically feasible and Lender's security is not lessened. During such repair and restoration period, Lender shall have the right to hold such Miscellaneous Proceeds until Lender has had an opportunity to inspect such Property to ensure the work ha.s been completed to Lender's NEBRASKA-Single Family-Fannia Mae/Freddfa Mac UNIFORM INSTRUMENT Form 3028 1/01 VMP � VMP6(NE) (11061.00 Woltera Kluwar Financial Sarvicea Page 8 ot 17