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201201859 contviue t4 pay to Lender the amount of the sepazaYely designated p3yments that w�e due when the inc�,rance coverage ceased to be in effect. Lender will accept, use and retain these pa5�nents as a non-refundable Ioss reseroe in lieu of Mortgage Insurance. Such loss reserve Shall be non-refundable, notwithstanding the fact tt�at the L,oan is ultimately paiel in full, and Lender shall not be requireci to pay Borrower any interest or eatnings on such loss reseroe. Lender can no longer requu�e loss reserve pa}nnents if Mortgage Insurance coverage(in the amoLUit and for the period tlklt Lender requires)provided by an insurer selected by Lcnder again becomes available; is obtained, and Lender requires separately designatad. payments toward the premiwns for Mortgage Insusance. If Lender required Mortga.ga Insurance as a condition of maldng the Loan and Borrow er was required to make sepazately desi�ated paymen.�i towazd tlxe premiums for Morteage hzsurance, Borrower shall pay the preiniLUrts required to maintain Mortgage _ Insurance in effect, or to provide a non-refundabla loss reser�=e, unkl Lendcr's requ�ement�or Mortgage Insuraucc ends in accordance with any anitten ageement between Borrower and Lendcr providing for such Yeru�ination oi until terininarion is requued by Applieable Law. Nothing in this Secrion 10 affects Porrower's obligation to pay interest at the rate provided m the Note. Mortgage insurance xeunburses I,ender(or any eatity fhat purchases Yho NoTe) fox eectain losses it may incur if Borrower does not repay the Loan as agrea;ei. Sorrower is not a party to the Mortgage Insurance. vIortgage insurets evaluate their 4ota1 risk on all such insuranee ia fosce froin tiine to tlme, and may enYer into agreements with other pazties that share or modify their risk, or reduce losses. These agreements are on tenns and conditions thai ate sarisfactory to the mortgage insurer and tlie other partp(or parties) to these agreements. These a.greeweuts may require the mortgage insurer to make payments using any source of fitnds ttiat the mortga�e insurer may have available(which may include funds obtained&om 1Vlortgage Insurance premiums). - As a result of these aereements, Lender, any purchaser of thc Note, another ivsurer, any reinstucr, any ottler entity, ox any af�tliate of any of the foregoing, may receive(directly or indirectly) amounts that derive from (or inight Uc characterized as} a portion of Borrower's payincnts for Mortgage Insurance, 'xn exchange for sharing or modiPyzng ihe mortgage insurer's risk, or reducing losses. If such agreement pro��des that an affiiate of Lender Yakes a share of fhe iusLUer's risk in e�change for a share of the piemiums paid to the insurer, tl�e arran�gement Is often termed"captive reinsurance," Further: (a) Aiay such agreements will not affect the amounts that Borrower has agreed to pay for Mortgage 7usurxnce, or any other Yenns of the Loan. Such agreements will not increasc the amoiutt Borrower�vill owe for Mortgage Insurxnce, and tliey�vill not enktle Borrower to any refund. (b) Amy such agreement5 will not affect the righfs Borrower has-if any-with respect to the Mortgage Insurance under the Homeowners Protocfiou Act of 1998 or any other taw. These rights may imclude the right to raceive certain[Uisdosures, to request and obtaiu canccllation of the Mortgage Insurance, to have the AZortgage Insurance terminated automa&cally, xnd/or to receive a refiend of auy MorCgage Insurance premium5 that were unearned at the time of such cancellation ortermination. 11. Assignunent of M iscellaneous Proceeds; PorfeRure. AII Miscellaneous Proceeds are hereby assigned to and shall be paid to Lender. If the Property is damaged, such Vliscellaneous Proceeds shall he applied to restoration or re�au of flic Proper[y, i�the restoxation or repaiz is economically feasible and Lender's securttq Is not lesseaed. During such repair and restoration perioci, Lender shall have thc right to hold such Miscellaneous Procecds until Lendes has had an opportmuty to inspect such Properiy fo ensure the work has been completed ta Lender's 2a000ssa NE3RASKA-Singla Famlly-Fannie MaelFedtlie Mac JNIFORf�i INSTRUldENT Form 302fi 1loi V P.q P� Vb!P6(NE)(1105) Wollers Kluwer Financial Services Pege9 0�1]