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201200550 conYinua to pay to Lender the amount of the sep�•atcly deyignated payments that were duc when the insurance coverage ceased to Ue in efPect. Lznder will aocept, use and retain these paymenfs as a non-refundablo 3oss reservo in lieu of Mortgage Tnsurance. Su�h loas resarve shall be non-refundable, notwifhstanding the fact ihat the Loan is ulfr�vat�elypaid in full, and Lender shall not be required to pay I�orrowar any interest or earniugs on such loss rescrve. Lender can no longer require lose resorve payments if Morfga�;c Insurance covetage (in the amount An6 for the�eriod fhat I.ender requires)pxovided by an insiuer selected by Lender again becomes available, is obtained, nnd Lendcr requires sepaz�a�tely designated payinents toward the premiums £or Mortgage Insurance. Tf Lender required Mortgagc Insurance as a condition of iru�king the Loan and Boirower was required to�nake separataly designated payme��ts toward tlie preminms for Mortgage Iu5uranca, Boxrawer shnll pny Che prcmimns required to maintain Mortgage Iusnranco in offect, or to provida a non-refiindable loss reserve, unEil Lendcx'h roquiremenC for Mortgage Insurance ends in accordnnoe with any writlen agrecme�zf betweeix Borrower nnd Lender providing f�ar such tarmination or until Yermination is requixed by Applicablc Law. Not1�ing m tlua Saction 10 affecus Botrower's obligakion to pay inteaest ati tiha rata provided in the Nofe. Mortgage Iusurance reiinUm�ses Leuder (or�ny entity thnt purchases 13�c N'ote) for certain losses it may inour if}3orrowcr does not r�7ttq ths Loari as af,need. Borrower ie not a pftrty ho Lhe Mortgabe Insurance. Mortgabe insnrere evaluate their total risk on all such insuranoe in force&om time to time, and may enCer info agrecmcnte wil9�oilier parties thak s1�are or modify fheir risk, or rechtce loasog. Those agreements aTe on terms aud conditions fhat nre saCisfactoiy to thc mortga�;e insuier and the othex perty(or parCics)to fl�esc ngreements. These agxeements may require the mortgagc insm�er Yo make paymente using any souroe of fimds t1iaY the mortgage insw�er may hava available(which may includo funds oUtained fron�Mortg�ge Insurnnce premituns). As a cesult of Yhese agreements, Lender, nny pnrchaser of fhe Note, another uiswer, any reinemer, any othex entity, or any affiliate of�iiy of the foregoing, may receive(directly or inclirectly) amoLmts that derive fiom (or might be characCerized as) a pprCion of B�rroweP s payments for Mort�age Insurance, in exch2nge for sharing or modifying the mortg�ge insi�rer's risk, or reducing losscs. ]f such agreeinent provides that aai a£filiate of Lender Cakes A skare of tl�e insurer's rislc in exchange fo1'n share of tho premitiuns paid to the inyurer, tUe arrangemont is ofte�� te�nled "captive reinsurauce." Further: (a) Any Ruch agreemenfs will not affect the :unoimts tl�nt Borrowcr hns agreed Co pay for Mortgage Ins��rance, or any other terms of the Loan. Sneh agreenients will not incrense the amonut Borrower will owe fm�MortgAge I�sm�nnce, and Cl�ey w911 noC entitle Borirower to any reFimd. (b) Any sach agreenients will not affect Sho rights Bm•rower lias-if any-with rcapect Co tlie Mortgn�c Tnsarancc midor C7�c IImneow�iers ProUection AcC rv[1998 or any utLer lnw. These i�glits mxy inclade the right to receive certuin discloei�rce, to aroqnest and o6tain c�ncella4ion of Che MorCgage Insurance, Co have Che Mortgage lnsurance teiviinnted nntomatically, ancl/or to receive a refnnd of any Mortgage Inanrnnce preminrne LLat were irnearned:it tlie tinle of sncli onnadlatiou or tei•ininntion. 11. Assignment of M iscellaneous Proceeds; ForFeiture. All Misccllaneous Proceeds are hereby nssigned to and ahtill be��id to Lendar. If the ProperCy is dnmaged, suoh Miscellaneous Proceeds shall be applied to restoration or repAir of the Property, if the resEoration oi�rapnir is econornically feasible and I,end�'s security is not lessened. Diving such repair and restoration period, Lender yliall haue Y1ie righC tu hold auch Miscellaneotis Proccccls �mtil Lender lia�had an opporhiniCy to iuepecE s�ich Property to ensure the worlc has been completed ro Lendex's za0000aa NEBRASKA-Singla Femlly-FannleFlae7Fretldle PAac UNIFORM INSTftUMENT Farm 3028 1lOi VMP� VMP6(NE)(1705) Wol�eYS IClUwef FinenClal Sefvlces page 9 df 17