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20�20140� continue to pay to Lender the amount of the separately d�ignated payments that were due when the insurance coveiage ceased to be in effect. Leader will accept, ttse and retain these payments as a non-refundable loss r�serve in lieu of Mortgage Insurance. Such loss reserve shall be non-refundable, notwithstanding the fact that the Loan is ulrimately paid in full, and Lender shall not be required to pay Bortower any interest or earnings on such loss reserve. Lender can no longer require loss resetve payments if Mortgage Insurance coverage (in the amount and for the period that Lender requires) provided by an insurer selected by Lender again b�omes available, is obtained, and Lender requires separately designated payments toward the premiums for Mortgage Insurance. If Lender required Mortgage Insuiance as a condition of making the Loan and Borrower was required to make separately designated payments toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to maintain Mortgage Insurance in effect, or to provide a non-refundable loss aeserve, until Lender's requirement for Mortgage Inswance ends in accordance with any written agreement between Borrower and Lender providing for such terminarion or until termination is required by Applicable Law. Nothing in this Section 10 affects Borrower's obligation to pay interest at the rate provided in the Note. Mortgage Insurance reimburses Lender (or any enrity that purchases the Note) for cettain losses it may incur if Bonower does not repay the Loan as agreed. Borrower is not a party to the Mortgage Inawance. Mortgage insurers evaluate their total risk on all such insuiance in force &om time to time, and may enter into agreements with other parties that share or modify their risk, or reduce losses. These agreements are on terms and conditions that are satisfactory to the mortgage insurer and the other party (or patties) to these agreements. These agreements may require the mortgage insurer to make payments using any source of funds that the mortgage insurer may have available (which may include funds obtained from Mortgage Insurance premiums). As a result of these agreements, Lender, any purchaser of the Note, another insuret, any reinsuter, any other enrity, or any affiliate of any of the foregoing, may receive (directly or indirectly) amounts that derive from (or might be characterized as) a portion of Borrower's payments for Mortgage Insurance, in exchange for sharing or modifying the mortgage insurer's risk, or reducing losses. If such agreement pmvides that an affiliate of Lender takes a share of the insurer's risk in exchange for a share of the premiums paid to the insurer, the ariangement is often termed °captive reinsurance." Further: (a) Any such agreements will not affect the amounts that Borrower has agreed to pay for Mortgage Insurance, or any other terms of the Loan. Such agreements will not increase the amount Borrower will owe for Mortgage Insurance, and they will not entitle Borrower to any refund. (b) Any such agreements will not affect the rights Borrower has - if any - with respect to the Mortgage Insurance under the Homeowners Protection Act of 1998 or any other law. These rights may include the right to receive certain disclosures, to request and obtain cancellation of the Mortgage Insurance, to have the Mortgage Inaurance terminated automatically, and/or to receive a refund of any Mortgage Insurance premaums that were unearned at the time of sueh canceUation or terminat�on. 11. Asslgnmentof Misc�llaneousProceeds;Forteiture. f�il lVi�scellaneous Proceeds are hereby assigned to and shall be paid to Lender. If the Properly is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of the Property, if the r�toration or repair is economically feaeible and Lender's security is not lessened. During such repair and restoration period, Lender shall have the right to hold such Miecellaneous Proceeds until Lender has had an opportunity to insp�t such Property to ensure the work has been completed to Lender's NEBRASKASingle Femily-Fenn(e Mea/Freddle Mec UNIFORM IN&TRUMENT F°rtn 3028 �ro� VMP � VMPB(NE) ('1105).00 Woitew Kluwer P(nancial SeMces Pega 9 of 17 � r