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201201696 contiuue to pay to Lei�der 11io c�inoLUrt of the separately designated payn�cnts that ware due when the insurance covarage ce�sed to be in efPect. L�ider will accepti, use and retain these payn�cvts as a noii-rcfundablu loss i�eserve in liau of Mortgage Insm�nucc. Such loss reserve shall be non-refundablc, notwithst�nding Che fact fl�at the I.oan is ultima�taly paid in fiill, and Lcndcr sl�atl not be required Yo pay Rarrower auy interest or evnings on such loss reserve. Lander oan no longer requiro loss Pcseive payinantis if Mortgage lusurance coverage(in the amoime nnd for th�period that Lender requires)provided lsy an insurer sdccted Uy Le�ider again Uecomes availAble, is obCained, and l,eildex reqLifres aeparakely designa�eci payme��ts toward thcpretniuins for Mortgage Insurance. If Lender rcquired Mortgage Insu��lnce as a condition aF inaldng tho Loan and I3on�ower was reqtured to inake sepzratoly dcsignafed payments toward the premiums £or Moxtgage v�aurance, Rorrower shall pay fliepretviunva reqiureci Io maintain Mbrtgage Insurance iq effect, or to provide a no�-refimdnUla loss reseivo, uutil Zender'e requireiuenl L�r Morlge�ge Insur�u�ce onds in acc:ordauce wifli ury writCen egxeement between Borrowor and I,eixcler providing for such termination or unfil Cermination is required by Applicable Law. Nothing in this Sccti�n 10 affects Rorrower's oUligation to pay interesC nC Che rate�irovided i� the Note. MarCgaga Insm�ance ceimbt�rsea Lender (or any ontity that ptiuchasas the NoYe)for cerkain loeses it may incur if,RoiS�owex does not repay Yhe Lonn es agreed. Bon�owa�is not aparty to the Mortgaga Inst�ranoe. Mortgage ins�irers evahiaCe Cheir total rislc on all such insurance in force from rime to �ime,and may�enter into agreements with other parties G1�aC sharc ar modify tl�eir risk, or ruluce loeses. These ngreeinents are on tenns and conditions that tue sntief¢ctory Co [he niorCgage insurer and tl�e oUier party(or parties)to these agroc�mcnts. These agreemeatis ma�y require Yhe mortgage in.si�rer to malcc paymcnt�using a�iy soucce of funds thaC Che inorCg�tgc ivsuror may hc�ve available(which may include fuuds obfained frotii Mortgago it�sura��ce pre�niums)�. As �reaiilt of these�greeinents, Lcmiier, any purchaser of Che Note, another insurer, any reinsui•er, any olher entitiy, or any�S'Fili�te of any of the faregoing m1y receive(dirccUy or ind'u•ectly) amomit�s thati derive from (or n�ight bu characterized as) a�o�•tion of Bornower's p�.yments Por Mortgttge Ins�iranco, in exohaatge for shnring or moclifying iho mortgage insurer's risk, or reducing losses. If such�greemenk prov'sdes iliat an aff"iliafe of Lendex takes n ahare of tl�c rns4ircr'5 rislc in exchEUige for a share af'Uie preminms paid to Che inamer, ilie arrangoment is often termed"captive reinsuranco." Furt1�er: (a) Any sach agreemcnte will uot affecC the amonnts �l�at Borrower has ygreed to pny 1'or Mortgngc Inaiirance, or any other terms of'tlic Loan. Sncl� agrcements will uot increaSe fhe amount Borrower will owe for Mortgage'I'nsarance, �md tl'�e,y will not onYitlo Borrower Cu any refimd. (b) A�=ettcli agreeiuenCs will uot affect tl�e riglxts 13orrower hae -iY any-witli respect to the Mortgxgc Insm•anco muler the IIoineowners PiroCection Act of I)98 or auy oCher law. Tl�osc righte ' may inclx�de the rigllt ko reccivc ccrtain discloetn•es, to rerynesC nnd oUCnin cancellation of the Morfgnge L��n�ance, fo have the Mortgs�ge Insurnncc tcrminnCed nntmnnticall3�, and/or Co receive n refnnd of any Mortgage visurance preminms Hi�t were nncnrnod nt Ihe time nf sucli cnnccllntion or tcrmiuntion. 11. Assignment of M iscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby nssigued co vid shall be p�id to Lender. If tlie Property is damnged, such Miscellaneoue Procceds shall be applied to restora�tion or repnu��af the Yroperty, if the restoration or repair is economically feASrbla nnd Lendor's sceuri}y is not lessened. Dm�ing suoh repair and restoration period, ].evder sliallliave the right to hold such Mieoellaneonr Proceeds unfil Lende�•has had an opportuiuty Co inspec�such Property to aiTSUre the�orlc has Ueen completed to Lender'a 240004fi3 NEBRASICASingle Famlly-Fannle M Ae/Freddie M ea UNIFORM_INS"fRUM ENl' F'orm 3028 1101 V67 P/g` VM Po�NE)(11051 Wolters Kluwar Flnancinl5ervices P¢go B oi 17