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201200339 payments Ihat were due when the insurxnce coverage ceased to be in cffcct. Lender will accept, use and retain these payments as a non-refundable loss reserve in lieu of Mortgage Insurance. Such loss reserve shafl be non-refimdable,notwithstanding the fact that thc Loan is ultimately paid in full,and I,cnder shall not bc required to pay Borrower any interest or earnings on such loss reserve. Lender can no longcr require loss rescn�e payments if Mortgage Insurance coverage(in the amount and for the pzriod that Lender requires)provided by an insurer selected by Lender again becornes availablc, is obtained. and Lender rzquires separatcly designated payments toward the premiums for Mortgage Insurxnce. If Lender required Mortgaec Insurance as a condition of making the Loan and Borrowcr was required to make separately designated payments to��-ard thc premiums for Mortgage Insurancc, Burrwver shall pay the premioms required to maintain Mottgage Insurance in eflect,orto provide a non-rcfundable loss reserve, until Lender's requiremcnt for MoMgage Insurancc cnds in accordance with any writtc;n agmement between Borrower and Lender providing for such termination or until termination is required by Applicable Law. Nothing in this Section 10 affects Rorrower's obligation to pay ii�lerest at the rate provided in the Notc. MoMgage Insurancc reimburses Lender(or any entiry that purcUases the Notc)for certain losses it may incur if Borrower does not repay the Loan as agreed. Borrower is not a parry to the Mortgage insurance. Mortgage insurers evaluate thair total risk on all such insurance in force from time to time,and may enter into agreements with other parties tha�share or modity their risk,or rcduce losses.These agreements are on terms and conditions that are satisfacto�y to the moitgage insurer and the othcr party (or parties)to these agreements. These agreements may require the nrortgage insurer to make payments using any source of funds tha[the mortgage insurer may have available(which may include fiands obtained trom Mortgage Insurancc premiums). As a result of these agreemenls, Lender, any purchascr of the Note, another insurer, any reinsurer, any other entiry,or any affiliate of any of lhe foregofng, may receivc(directly or indirecYly)amounts that derive from (or might be characterized as)a portion of Borrower's�ayments for Mortgage insurance, in exchange for sharing or moditying the mortgage insurer's risk, or reducing losses. If such agreement provides that an affiliate of Lender takes a share of thc insurer's risk in exchange for a share ofthe premioms paid ro the insurer,the arrangement is often termcd "captive reinsurance." Further: (A) Any such agreements will not at'fect the amounts that 6orrower has agreed to pay for MoMgage Insurance, or any other terms of the Loan. Such agreements will not increase the amount Borrower will owe for Mortgage Insurance, and they will nol entitle Borrower to any refund. (B) Any such agreements will not aFfect the rights Borrower has - if any - with respect to thc Mortgage Insurance under the Homeowners Protection Act of 1998 or any other law. These rights may include thc right to receive certain disclosures, to request and obtain cancellation of thc Mortgage Insurance, to have the Mortgage Insurance termioated automatically, and/ur to receive a refund of any Mortgage Insurance premiums [hat were unearned at the time of such cancellation or [ermination. 11.Assignmentof Miscellaneous Proceeds; Forteiture.All Miscellaneous Proceeds are hereby assigned to and shall be paid to Lender. 195866]5�9 NEBRASKA-Single Femity-Fannre MaeiFretltlie Mec UMFORM INSTRIIMENI � Y Form 302b 1/01 ��+'w 09110 VMPW WoltersKluwe�FmencialSarvmes 2pt1121540�04002-J20110209V Ini@Lals� Page9ofl] I IIIII I IIIIII I�II IIII IIIII IIIII IIIII IIIII III�I�Il�i II��IIII IIIII II II IIIII IIIII IIIII IIII IIII