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201201356 conYinue to pay fo Lender�Yhe amount of the separately elesiguated payinents that were due when the insurance covcrage ceased to be in effecL Lender will accept, use anii retain these payinents as a non-refundable loss reserve in licu of Mortgage Insurance. Such loss reserve shall be non-refundable, nohs2thstanding the fact that the Loan is ultimately paid in full, and Lender shall nol be rcquired to pay Borrou•er any interest or earnuigs on such loss rescrve. Lender can no longer require loss reserve payments , if Mortgage Insurance coverage(3n the amount and for the period that I,ender requires)provided b}�an insurer sclected by Leuder again becomes available, is obtauied, and Lender requires sepazately designated paytnents toward the premiums for Mortgage Inst�rance. If Lender required Mortgage Insivance as a condition of making the Loan and Borroa-er was required to make separately designated payments toward the przmiums for Mortgage Insurance, Borrov✓er shall pay the premiums required to mairnain Mortgage Insurance in ef'fect, ar to pro�ide a non-refundable loss reservc, until Lender's requircment f'or VIDrtgage Insurance ends in accordance with any written agreement between B�rrower and Lender providing for such tennination or imtil temunation is required Uy Applicable Law. Ivohtiing in this Secuon 10 affects Borrov✓ei s obligation to pay interest at the rate provided in the Note. Moxtgage Insurance reimUurses Lender(oi aziy entity that purchases the Note) for certain los8es it may Ineur if Borrower does not repay the Loan a5 a�eed. Borrower is not a party to the Vlortgage lnsurance. Mortgage insurers evaluate their total risk on all such insurance in force froin tune to time, and may enter into agreements with other parties that ski.are or modify their risk, or reduce losscs. These agrczmenis are on terms and condirions that are sari�factory to the.mortgage insurer and thc other party(or pariies)to these agreemenEs. These agreeinents may require the mortgage insurer to make payments using any source of funds that the mortgage insurer�nay have available(wluch may]nclude funds obtained from Mortgage Insurance �iexniums). 1-1s a result o�these ageements, Lendex, any purchaser of the Note, anather insurer, any rainsurex, any other entity, or any affiliate of any of the foxegoing may receive(directly or indirectly) amounts that dcrive from (or migJif be chazac,-tcrized as) a portion of Borrowei s payments for Nlortgage Insurance, in exchange for sharing or modifying the morteage insurer's risk, or reducing losses. lf such a�eement provid.s that an affiliaCe oP Lendcr takes a share of the insurer s risk in exchange for a share of the}iremiums paid to the insurer, the arrangement is ofteu termed"captive reinsurance." Furflier: (a) Any such agrcements will not affect the amounts thnt Borrower has agreed to pav for Mortgage Insurance, or any other terms of the Loau. Such a�reements will not increase the amount Borrower will owe for Mortgxge Insurance, and they K�ill not enrifle Borrower to any refund. (b) Any snch agreements will not af'fect t7ie rights Borrower has- if any-wi�respeeC to the Mortgage Insura.nce under the Homeowners Protection Aet of 1998 or any other law. Thcsc rights mmy inelnde the righf to receive certain disclosures, to request and obtain cancellafion of the Mortgage Insuranre, to have the VIortgage In�arance terminated auEoffiafically, and/or to receive a refund of any Mortgage Insurauce premituns that were unearned at the time oF such cancellation or termination. 11. Assignment of M iscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds aze hereby assigned to and shall bc paid to Lendei. If the Property is damaged, such Miscellaneous Proce€ds shall be appl£ed to restoration or repaiz of flie Property, if the restoration or repair is econoinically feasible and Lender's security is not lessened. During sucfl repau and r�storation period, Lendzr shall have the riaht to hold such Miscellaneous ProceecLs Lurti] Lender lias had an opportunity to inspect such Property to ensure the wark has been coi�leted to Lender's N'�RASKA-SingleFaznily-Far.nieMaeiFretldieAhacUNI:ORhI WSTRfJh1EN? Po�m3028�130? VM P rg' VM Pb(NGf(i ip5) N/olters Kluwer Financixl Services pa9y g o{�y