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201201012 conCinue Yo pey to Lender Chc amount of die separacely des3gnetcd paymepts thaC were due when Che insurance coverage ceased to be in effect. Lender will acccpC, use and retain these payments as a non-refundable loss reserve in lieu of Mortgage Insurance, Such loss reseeve shall bc non-refundable, notwiChstanding the fact that the Lonn is ulCimately paid in full, 2nd Lender shall not be required to pay Borrower any interest or ear�ings on such loss reseive, Lender can no longer require loss resecve payments if MorCgnge Iusura�ice coveragc (in the amount and for the period Uiat Lender requires) ��rovided by an insurer selacted by L,ender again beeomes available, is obtained, and Lender requires sepaca[ely designated payments toward Che premiums for Moxtgage Insurance. If Lender required Mortgagc lnsurance as a condition o'f making Yhe Loan and Borrower was requirad Co make separaitely designaCed paymenta toward the pxcmiums for MorCgage Insurance, Borrotver shall pay the premiurns required to maintain Mortgagc Hisurance in effect, or to provide a uon-refundable loss raserve, unCil Lendex's cequircment for MortgFige Insurance enda in awordance witli any written agreement beCween Bocxower xnd Lender p�roviding for such terminaCion or until termination is required by Applicable Law. Nothing in this Section 10 affects Borrower's obligation to pay interesC aC Che raCe provlded in tl�e Note. MorCgagc Iusurance reim6ucses Leildex (or any antity Yhat purchases the Notc) for certain losses it may incur it'Borrower does not repay U�e Loan as agreed. Borrower is not a party to tha Mortgage Insuiance. Mortgago insurers evaluate their tota] risk on all suelt insurance in f�rce froix� Gime to tune, and �nay en�er iiito agreements witli other parties that share or modify their risl<,vr reduce losses. These agreemenls are on Cecros and eouditiovs that are saCisfactory to the mortgage insurer and the other party (or partics) to these agreements. These agrcements may require the mortga�;e insurer Co make payments using any source of funds tliat the mortgage insurer may liave avttilable (which may inelude funds obtained Prom MorYgnge Insurance premiums). As a result oP these agreemenYS, Leuder, any purchaser of the Note, another insurer,any reinsurer, auy other entity, or any affiliate of any of the Poregoing, may reeeive (directly or inclirectly) amounts that derive from (or might be characterized ns) a porCion oP Borrower's pE�ymenCS Por Mortgage Insui<vice, in exchange foc slia�•ing or modifying the n�ortgage insurer's iisk, or reducing ]osses. If such agreement provides thaY an affiliate of Lender Cakes a share of the insurer's i•isk in exchange for a sli2re of the premiums paid to the insurer, the ai'rangement is often termed "oaptive relnsurance." Purtl�er: (al Any such agreemeuts will nof uffect the amounts that Borrower lias agreed to pay for Mortgage Insurance, or avy othor terms of the Loan. Snch ngrccments will not iucrease the umouut Borrower will owe for MorCgage Insuraucc, aud tiiey will uot entitle Borrower to any refuncl. �b) Auy such agreements will not affect the rights Borrower has -if any -with respect to tlie Mortgage Iusucance under Che Homeowuers Profection Acti of 199A or auy other law. These rights may include the right Co receive ceitain dieclusures, to request and obtain cancellatim� of tl�c Mortgage Insui auce, to have fhe Mortgage Insurauce tet�ninated automt�tically, and/or to receive a refuud of auy Mortgage Insucaiice premiums that were imeur�ied et the time oY snch cancellation or fermination. 11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellancous Proceeds are hereUy assigned to and shall be paid Yo Lender. � If thc Property is damaged, such Miscellaneous Proceeds shall be applied to reatoration or rep2ir of the P[operty, if the restoration oc repair is economieally feasiblc and I,ender's security is noC lessened. During sucli repair and restoxafion period, Lendee shall l�ave the right Co f�old sueli M3scellaneous Proceeds u�itil Lender has had an opportuniCy to inspect such Properry to ensure the work has been eompleted to Lender'a 24000232 NEBRASKA-5lnqle Famlly-Fonnle Mee7ReddleMecUNIFORM MSTRVMENT Porni 3010 1101 VMP(ry VMP6WE��1105) Wolters Kluwer Flnenolal Servlaes PaAe 8 of�]