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201201978 conCinue to pay to I,ender the amnunt oP Clie seUarately designated payments that wcrc due when Uie insuratice coverage ceased to be in e�fec[. Leuder will acc;ept, use and refain Chesa payments as a i7on-refu�xdable loss reserve in lieu of Mortgage Insurance. Such loss reserve sl�all be non-refund�Ule, notwithstanding tl�e P.ice th.tt the L.oan is ull'in�ately paid in full, and Lender shall not be required to pay Bocrower any interest or earnings on such loss reserve, Leuder can no loilger require ]oss rescrvcpayments if Mortgage Insurancc coverage (in the amoui�t and for the pexiod tl�at L,ender requires) provided by an insurer selecfed by I,ender again becomes available, is oUtained, and Lender requires separately designated payments toward the premiums for Moxtgage Ivsuxance, If L,ender required Mortgage Lisurai�ce as a condition of making the Loan and Borrower was requircd Co make separately designated pnyments toward lhe precuiums foc Mortgage Insurance, Borxower shal]pay the premiums requixed to m2int�2in Mortgagc Insurance in effeet, oc to provide a non-refund2ble loss reseTVe, until Lender's requiremenc for Mortgage Insurauce euds In accordnnce with.my w�itten agrecrricnC between Borrower and Lender providing for sucli terminarioii or until tennination is rcquired by Applieable Law. Nofhing in this Sectioii 10 affecPs Borrower's obligatioet Co pay interest at the rate provided in the Note. Mortgage Insur�mce ceiinburses Lendar (or any entiCy Cliat purel�ases tlie Note)for certain lossos lt may incur if Borxowec does not rcpay the Loan as agreed. Borrower is not a p[irty to the Mortga�;c]nsurance. Mortgage insurers evaluate thcir Cotal rislcon afl such insuruice in force froin tiine to time, and may enter into agreemenks with oCher parCies that sqare or modify their risk, or reducc losses. "1'hcse agreements are ot� fer�ns and conditions that are satisfactory to the mortg.ige insurer and thc other party (or parties) to Yhese agreemeuts, These agreemenCS may requue the motCgagc insurer to make paymenes using any source of funds that the mortgnge insurer inay have available.(which may include funds abfained Prom Mortgage Iusurance ��renliums). As a result of these agreeme�its, Lender, any purchaser of the NoCe, auother insurer, any reinsurer, any other �entity, or a�ry affiliate of any oP Che foregoing, �nay receive (direetly or indirecUy) amounts IhaC derive from (or mighC bc characterized as) a portion of Borrower's payments tbr Mortga�c lns�trance, in exehange for sharin� or modifying the morCgage insurer's risk, or reducivg losses. IP such agreement providea thnY an affiliate of Lender Cakes a slilre of the iilyurer's risl<in exchange for a share oP the premiums paid to the insm�er, Ylie acrlugeixient is often ternied "captive reinsurance." Purthei�: � (a) Auy snch agrcemcuts will not affecU the amouuts thaf Borrower has agrced to pt�y fur Mort�age Insurtmce, or uny uther terme of the Loau, Sneli agreements will nut increuse Ehe amonnC Boin•ower will owe for Mortg�ge v�stu�ance, and thcy will uut entiCle Borirower io miy refuncl. (b) Any such agreemeuts will not afFect tlie righte Borrowcr li�s- if auy- w3t1�re5pect to the MorCgage Iusw•ance under tlie$omeowucrs ProtecEion Act of 1998 or any other law. These rights inay include the�right to recoivc certt�in disclusures, Co requesC and obYain cancellaCion of the Mortgage Insucaneq to hnve the Mortgage L�surance terminated automatically, imd/ur to receive a refund of any Murtgage insurance premimns tl�at were uucariied at the time oP such cancellation m�CerrEiivation. 11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellancous Procceds are hereby assigned to and shall Ue paid to Le��der. lf the ProperCy is damaged, stich Miscellaneous Proceeds shall be applicd to resCoration or repair of Clie Yroperty, if the restoratioa or repair is economically feasiUle and Lender's security is not lessened. During such repair and restora[ion period, Lender shall have Che right to hold sucl�Miscellnneous Proceeds until I,ender l�as had tm oppoituiiity to inspect sneh Property Yo ensure tl�e work has been compleCed Co I ender's 2400060] NEtiHASKA-Slnflle Femily-Fennie Maa/FradAlo Mar.VNIFORM INSTFlUIvIENT Form 302e 1/01 VMP Q� VNIPGWEI I1106� Wolters I(luwer finanoisl Sar>taes Raga 9 ai 1]