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201201532 conrinue to paj�to Lender the amount of the sep�ately designated payments that were diu�when the insuranGe covesage ceased to be in effeck Lender will accept, use and retain these payments as a non-refm�daUle loss re;erce in lieu of Mortgane Insurance. Such loss rese�e sball he non-refundable, notwicl�standing the fact fhaf fhe Loan is ultimately paid in fidl, and Lend� s1u111 not be required to pay Borrowex any interest or earnings on such loss reserve. Lendet can no longer require loss xeserve payments if MorCgage insurance coverage(in the aniount and for the period that i,ender requires)provided by an insurer selected by Lender again becoines available, is obtained, and Lender requires separaCely des3gnafed payments toward the premiums for Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan and Bonower was required to make separately desigiated payments toward thc premiums Por Martgagz Insurance, Borrower sl�all.pay the premiums required to maintain Mortgage Insnrance iu effecC, or to provide a non-refizndable loss reserve, until Lender's requirement for Mortgage InsLUance ends in accordance with auy an-itten agreement betwcen Eorrower and I,ender providing for such temuuation ox miril tern�ation is required hy Appficable Law. Nothing in tlus Section 1Q affects Borrower's obligation to pay interest at tYie rate provided in the Note. Mottgaae Insucanee reiinburses Lcnder(ox any eatity that purchases the Note) for certaiii losses it may Iacts if Borrower does not repay the Loan as agrccd. Borrower is not a pazry to the Martgage Insurance. Mortgage insurers evaluate their total risk on a11 such insurancc in force from time Lo time, and may enter into agreemenCs with other paNies that stu.tre or modify their risk, ot'ieduce]osses. These agceements are on terms and eondi2ions LhaY are satisfactory to the mortgage 3nsurer and the ofher pariy(or parties) to tkese agreements. These agreements may require the mprtgage visurer fn malce payments using any souxce of fimds that the mortgage insurer may have availa6le(which may include funds obtained from Moifgage I�isurance premiumsJ. As a result of these ageeuients, Lender, any purchaser of thc I�TOte, another insurer,. any reitisurer, any other entity, or atry a�liate of any of the foregoing may receive(directly or inclirectly) amounts that derive from (or might be characterized as)a portion of Borrower s paymeuts for Mortgage Insurance, in exchanga for sharing or modifying the mortgage insurer's risk, or reducing losses. If such agreement provides that an aftiliate of Lender takes a share of tl�z insurer's risk in exchange for a share of the premiums paid to the incurer, the auangement is often temied"captive relnsurance." Furthei: (aJ Any snc�agreeffients wili not afl`ect the amnunfis that Borrorver has agreed to pay for Mortgage Insu�ance, or any other terms of the Loan. Snch agreements�vill not iucreuse the�monnt Borrower will owe for Mortgage Insurxnce, and they will nQt enfitle Borrower tu uny refnnd. (b) Any such agreements�vill not affect the rdghts Borrower has-if any-with respect to the Morfaage insurance under the Homeow�ievs Pirotectiou Acl uL 1998 or any ot7icr law. Tkese rights may iriclude the right fo reeeive certain disclosures, to request and obtam cancellation of tke Mortgage Insurxnee, to have the Mortgage Insuranee termi�ated auComaticxlly, and/or to receive a refund oF anc l'Iortg:tge Insurance premiums that were iweamed at tlie timc of such camcellafion or termination. 19. Assignment of M iscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds�e hereUy assigned to and shall be paid to Iznder. If the Froperiy is d�aged, such Miscellaneous Procceds shall be applied to restoration or repair of the Propea-ry, if the restorafion or repas is economically feasible and Lender's security is not lessened. Duiing such tepair and restoration period, L�der shall have the right to hold such Miscellaneous Proceeds until Lender l�as had an opportunity Co inspect such Properry io ensure the work has been completed to Lender's z400cazz NGBRASKA-Single Family-Fannie A1aelFretltlie b1 sc UNIFORIvi INSTRUM ENT Form 3C28 1l0� VM P(n� V�A P6(NEJ(11�5) Wolters KWwe�Financial Services Page 9 M i l