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201201199 continue to pay to Lender Che amounY of rhe separately designated payments Utak were due when the insurance coverage ceased to be in effect. Lender will accept, use and retain these paymenfs as a non-refundable loss reserve in lieu of Mortgage Insurance. Sueh loss reseive sl�all be non-refundable, noCwithstanding Che fact that the Loan is ulLimately paid in full, and Lender shall noC be required to pay Borrower any interest or eurnings on such loss reserve, Lender can no longcr require loss reseiva payments if Mortgage Insurance coverage(in the atnount and for the period thaC Lender requires) provided by an insurer selected by Lender again becomes availaUle, is abtained, and Lender requires separaCely designated payinents Coward Che premiums Por Mortgage Insurance, If Lender required Mortgttgc lnsuranee as a condition of making tlie Loan aild Borrower was required ro make separately designated payments toward tl�e premiums for Mortgnge Insurance, Borrower shall pny the premiun�s required ho mainrai��Mortgtigc Insurance in effect, or to pxovide a non-refundable]oss reserve, until Lender's iequirement for Mortgxgc Insuranpe ends iu accordance with any wr3tten agreement betweei�Borrowei and Lender prouiding fac such termination or until terinination is required by Applicable Law. Nothing in this Section 10 affects Borrower's oblig�tion to pay interesC at the rate provided in Che Note. Mortgage I��surance rein7burses I,ender(or any enti[y that purchascs Che Note) for certain losses it may incur if Borrower cioes not repay the Loau as �greed. Borrower is noC a party to the Mortgage Insurance. Moctgage insurers evaluate fheSr total risk on all euch iiisutance in Porce from ti�ne to time, and may enter into agreements with other parties Chat share or modiPy their ris[c, or reduce ]osses. These agreements are on tem7s and condidons ehnt are s2tisfactory to thc mortgage instu�ec and d�e otl�er pttrty (or parties) to these agreemenYs. Tl�ase agreements rnay require fhe mortgage insurer to make payments using any source oP funds that t�e mortgage insurcr may have available(which may include funds obtained from Mortgage Insuranee premiums). As a resttlt of these agreemcnfs, I.ender, any purchaser of the Note, another insurer, any reiiisurer, any otl�er entity, or.mp affiliatc oC any of tfte foregoing, may receive (directly or indire¢tly) 2mounts Ihat derive from (or might be characteriaed as) a porfion of Borrowcr's payments Por Mortgnge Insurancc, in exchauge For sharing or niodifying the mortgage insurcr's risk, or reducing losses. If such agrecment provides tl�at an a�Cfiliate qf Lender tnlces a sl�are of the insurer's risk in exclinnge�for a share oP Che premiums pnid to thc insurer, the arrangenieiit is ofCCn termed "captive reinsurance.° Further; (a) Any sucli agreemeiite will not affect thc amonnts that Borsower has agi'ead to pxy fm�Mortgage I�vsurance, or ang other tet7ns oF tlie Loan. Such agreements wlll not iucrease#he amount Borrower will owe for Mortgr�ge Insw•ance, end tl�ey will not eutitle Burrower to any reYund. (b) Auy suc6 agreements will not affect the i�lghl;s Borirower has-if auy-with respect to the Mm�tgage Iusurancc uuder the FIomeowuere Protection Aet oY'1)98 or any other law. Thesc rights mey ineludc tlin right to receive certaiu disclosures, Eo request and obtaiu canccllation of tlre Nlortga�e Tusurance, Cu have the NlortgagcIusurance terminated auYOmatically, ra�id/m� Co receive A refu�zd of any Mortgage Insurance premfums ChaC were unearued at the time of such cancellation or terminntion. 11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Praccecls are herehy assigned lo and sltall be paid to Lender. If�he Yroperty is damaged, such Miswllaueous Proeeeds shall be al��lied Co cesloration or repair of tl�e Properey, if Yhe restoration or repair is economically feasible and Lcnder's security is not lesseiied. During� such iepair azid restoration period, Lender sliall have the righC fo hold sueli Miscell�meous Procccds until Lender has had an opporCunity to inspect such ProperCy ro ensure Yl�e worlc has Ueen compleCed to Lender's . . . . . _ ..�- 24000281 NEBRASKA-Sinqlo Fnmily�Fannio Mae/�redJie Mac UNIFORM INS'fRUMENT � Forin 302q 1l01 VMP(a VMPBWEI(1105) Wolters Kluuvar Finenclel Services Pa�e'J ul 1�