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201201292 conticiue �o pay to Iznder the amount of tl�e sepu�ately deslgnated payments that were due when the insurance coverage ceased to Ue in effect. Lender will accept, use and reYain Yl�ese payments as a non-refitndable loss reserve in licu of Mortgage Insurance. Sucl� loss reserve shall be non-raCundable, notwithstunding thc PacC Chat fhe Loai� is uftimately paid in Yull, and i,ander shaq not be required Yo pay Borrower any interesC or earnings on such ]oss reserve. I„endae can np longer require loss ieseive paymcnts � if MorCgage Insurance coverage (in the amounC and for Che period that Lender requirea} provided by an ii�surer selecteci by Lender ugain bocomes available, is obtained, �tnd Lender requires scparacely designated payments towa�d the prcmiums fo�Mortgage Insueance. If Lender required Mort�a�e Insurance as a condition of maiking Ctie Loan and Borrower was xequired to inake separa[ely designated paymeats towacd the premiums for Mortgage insuranee, Borrower sl�all pay the premiums required to mainYain Mortgage Ineurauce in efPect, or to provide a nun-�el'undable loss reseive, until Lender's requirement for Mor4gage Lisurance ends in accm�dttnce wiCh any written agr�eement between Borrower ancl Iznder providing for�such termination or until tcxminaCion is required 6y Applicable Lxw. Nolhing in tfiis Seetion 10 affects Boerower's obligation to pay interest at the rate provided in the Note. Mo�tgage lnsurance reimburses Leuder (or any entiCy thaY purchases the Note) Por cectain losses it niay incur iC Borrower doee not repay the Lou�as a�reed. Borrower is not a parey to the Mortgage Insurancc. Ivloxt�agc insurers evaluate their tatal iislc on all suoh lnsurance in foree from time to time, and may cnCCr iato agreameats with oCher paiYies that shHre or n�odify Cheir iisk, or reduce losses. These agrecmcnCs are on terms and�condiTions that aie sntisfactory to the morhgage instu'er and tlie otlier party (or parCies) to these agreemants, Thes€agreeinents iiuy require the morCgage insurer to inake pay�nents using any sonrpe of funds Hiat the mortgage insuxei may have avaifable (which may include funds obcained feom Mortgage Insuaance preiniums). As a result of these agreements, Leuder, avy purch.isee of thc Noca, another insurer, any reinsuier, any ol'tier enCiLy, or any affiliate of viy of the foregoing, may receive(direcCly oi indirectly} ainounts fhat derive from (or miglit be cliarneterized as) a portion oC Bc�rrower's payments for Mortga�e Insurauce, in exchange for sharing or nioditying fhe mortgage insurer's risk, or reducin�; losses. IP such agreemenY provides that an aYfiliate of Lender takes a share of elie insurer's rislc in exchange for a sUare of Che premiums paid to lhe insurer, lt�a an'angemenC i� often Yermed 'baptive rcinsurauce." FurCher: �a) �4ny suc4 agreements will not flY'Fect the umou�its that Borrower Itas agrced tu pay l'or MorCgage Inaur�nce, or any otlter torms of the Loan. .9uch agreements will not i�icrease Che amouut Borrower will owe for Mortgage Ineurance, aud they will not entitle Bm�irower W any refimd. (b) Any such agreements will not r�ffecC the righCS Borrower has - if'any-with re5�iecC to the Mortgnge Insurnuce a��der Uie Homeowners Protectiou Act of 1998 or any otper law. Tl�esc rights muy include tlie righC Co receive certain disclosures, tu requesC and nbt�vn cancell�tion ot'tlie Mortgage Iu&urance, to have the Mortgage lusurance tierminated automatic�lly, und/or to receive a refuud oe any Mortgagc Insurunce premiums that were nueai•ncd at the time of such cancellatlon or teruiuzatiuu. 1'1. Assigntneni oi Miscellu��eous PPOCeeds; Forfeituve. All Miscellaneous Procceds are ]�ereby assigi�ed to and shall Ue paid to Lender. If CYie Properry is da�naged, such Miscellancous Proceeds shall be applied to restotation or repair oP Ehe Property, if tlie restoration or repair is economicapy fensible and Leiidex's securitq is nnC lessened. Duri¢g such repair 2i1d restoracion pcciod, Lznder ehall fiave the right to hold snch Miseellaneaus Pcoceeds unti] Lei�der has had an opportuniry to iuspect sucl� Property to cnsure the work has been coinpletexl to Lender's ^ 2400036G NEBRPSKA�Sinqle FamilY�f nnie P4aelFreddia Mec UNIfORM INSTRUMENT Form 30Y8 1/01 � VMP(ry VtviP6�NC)I110G� Wol�era Kluwer Finenolel Servlces Pepo B of 1]