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201200170 contiizue to pay to Lender the amount of the separately designated payments that were clue when the insurance coverage ceased to Ue in effect. Lender will accept, use anci retain these payments as a non-refundable loss reserve iii lieu of Mortgage Insurance. Such loss reserve shall Ue non-refundable, notwithstanding the�act thaC tihe Loa11 is ultimately paic�in full, and Lender sha11 not l�e reqaired to pay Borrower any interest or earnings on such loss reserve. Lender can no longer reqttire loss reserve paymevts if Mortgage Ineurance coverage(in the aznount a�id for the periotl that Lender requires)p��ovidad by an insurer selected by Lender again becoines available, is obtained, and Lencler requires separ�tely designated payments toward tlle preiniun�s for Mortg�ge Insurance. If Lender reqtiiired Mortgage Insurance as a condition of malcing the Loan and Borrower was required to malce separately designated payments toward the premiuins foi•Mortg�ge Insurance, Borrower shall pay tlie pi•einiums required to inaintain Mortg�ge Insurance in effect, or to provide a non-refundable loss reserve, until Lender's requiremeilt for Mortgage Insurance ends in accordance with�ny wiitten agreeinent Uetween Borrower and Lender providing for such termination or until tersiunation is required l�y Applicable Law. Nothing in this Section 10 affects Borrower's obligation to pay interest at the rate provided in the Note. Mortga�e Insurailce reimUurses Lencler(or any entity tliat purchases the Note) for certain losses it may incur if Borrower does not rep�y t11e Loail as agreed. Borrower is not a party to the Mortg�ge Insurance. Mortgage instuers evalu�te tlzeir total rislc on all sucli insurance in force from tiine to ti�lze, and in�y enter into agreements with other parties th�t share or inodif�their rislc, or�educe losses. Th�se 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 tha mortgage insurer to malcs paymeilts usiug aiiy souz ce of fiinds tliat the mortgage izisurer inay have availaUle(which may include fiinds oUtained froin Mortgage Insurance prenuuins). As a result of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer, any other entity, or any af�liate of aszy o�the fore�oing, m�y receive(directly or nidixectly) a�notu7ts that derive froin (or might be characterized as) a portion of Borrower's payments for Mortgage Insurance, in exchailge for sharing or modifying the inortgage insurer's rislc, or reclucing losses. If such agreement provides that an affiliate o£Lender talces a sliara of the insurer's rislc in axchange for a sllare af the preiniums paid to the insurer, the arrangament is often termed"captive reinsL�rance." Turther: (a) Aiiy sticli R�reements will uot affect the a�nounts thnt Borrower lils agreed to p�y for Mortgnge Insur�nce, or nny other ter�ns of the Lo1n. Such ngreements will not increlse tlie nmomit Bori•ower will owe for Mortgnge Insurnnce, and tliey will not entitle I3orrower to nny refiuid. (b) An�snch agreements will not nffect the rights Borrower hRS-if 1ny-with respect to the Mort�age Lisur�uce under the Homeowners Pi�otection Act of 1998 or any other law. These rights may include�he righi to receive certaiu clisclosures, to request aud abt�in cancellatiou of tlie M[ortgage Insnrnnce, to laave tlie 1Vlortgnge Insurnnce ter•inin�ted autoinntically, nnd/or to receive � refluid of�ny Moi�tg��e Lisurance preinitims that were nnenrned at the time of snch cnncellltion or terininitiou. 11. Assignment of M iscellaneous Proceeds; Forfeiture. All Miscella��eous Proceeds are hereUy assigned to aud shall ba paid to Lender. Tf the Property is dan7agad, sueh Miscellaneous P�•oceeds sha11 be applied to restoration or repair of t11e Property, if the 1•estoration or rep�ir is economically£e�sible and Lender's security is uot lessened. During such re�air anci restoration period, Larider shall h��a the right to holel stiich Miscellaneous P�•oceeds until Lender 11�s liad an opportunity to inspect such Property to ensure the worlc lias beeil coinpleted to Lender's 24000026 NEgRASKA-Single Famlly-Fannie Mae/Freddie M ac UNIFORM INSTRUM ENT Form 302II 1I01 UM P� VM PB(NE)(11�05� Wolters Kluwer Financial Services Page9 of 1