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201202001 continue to pay to Lender the amount of the separately desiguated payments diat were due when lha insurance coverage celsed to be in effeot. Lender will accept, use and retaiii Uiese paymente as a non-refundable loss reservc in lieu of Mortgage Ii�suranco. Such loss reserve shall Ue non-reftmdll�le, notwithstanding die YacC that Che Loan is ultimaCely paid in Pull, and L,ender sh111 �iot be reqail'ed to pay Borrower auy intcrest or earnings on such ]oss reserve. Lender can no longer require loss reservc papments if Moitgage Insurance coveragc(in Che amount and for the period tliaY Lendor requices) provided by aia insurer selecCed by Lender again qeaomes available, is obtained, and Lendcr requires separataly desigiaCed payments Coward klie premiums for M�rtga�e insurance. If Lender required Mortgage lnsm'ance ns a eondition of making thc Loan and Borrower was required to make separately designated payments toward the pren�iums for Mortgage insurance, Borrower shall pay the premiwns required to mainCain Mortgage Insurance in ePCe�;I, or to provide a non-refundablc loss reseive, �mtil Lender's rcquirement tbr Mortgage Insucance ends in aeeoidance with any written agreemei�t between Bonrower and Lender providing for sucli tecmination or until tenninati�n is required by Applicable Law. NoHiin�;in Chis Section 10 affects Borrower's obligation to pay interesC aCtlie iaCe pxovided in the Note. Mortgxge Tnsurance ccimburses Lendcr(or�i�y entrty fhat purchases Ihe NoCe)Por ccrlain losses it may incur if Borrower does noC repay the Loav as agreed. Bocrower is i�ot a party to the Mortigage Insurance, Mortgage insurers evaluate their Wkil risk�on all such insurance in forcefrom time Co Cime, and may enter iuto agreements witki other paxties that sha�e ox modify their risk, or reduee losses. 'fhese agreeincnts are oii terms and conditions ftaat u�e satisPaetocy to Che mortg�age insurec and tlie otlier party (or part3es) to tfiese agreements. These�agreenlents may require the mortgage insurer to make payments using tmy source oY funds thaY the ii�orlgage insurer may have available (which m�y include funds obtained from Morl'.gage Insuranee preiniums). , As a resulC of these agrecmen�s, I,ender, any purchaser oP the Note, �inofher i��surer, any reinsucer, tmy oHier entity, or any aff'tliatc of any of the foregoing, may receive(directly or iudirectly) amounYs that derive from (or migliY Ue churacterized 2s) x porlion of Borrower's paqmenCS Por Mortgage Insurance, in exchange for sharing or modifyiug the niorCgage insurer's risk, or reducing lossas. If sLich agreement provides that an nffiliate of Lender takes a share of the insurer's risk in exchange fox �i share oP the pren�iums paid to the iusurer, Che arrangemeuC is often termecl "captive reinsuranee." PurUzer; (a) Any such agrcemenCs will not affect Yhe amounts Chat Borruwer tias agrced tio pay Por Mortgage Insuranco, or Any other tcrm5�of the LoAn. Such agreoments will not increase the amooiit Borrower will owe for Yloctgage Insurance, and Bl�cy will not entitle Burrower to a�1y reFund. (b) Any such agrceraents will noE affect tl�e rights 13orrowcr I�t�s - if auy-with respect to the Moi�tgagc Insiu�ance imder flie I�omcowiiers Protectlon Aeti of 1998 or ui�y otliex•law. 'Phese rights inay include khe riglrt fo receive certain d9sclosnres, to request and ubtain canccllation of Yhc Moitgage Insm�ance, lo liave the MorCgage Insnrs�nce terminated automatically, andlor to receive ti refund of a�1y Mortgage Insurance premiu�ns Ch�t werc uueai��ed at fhe tin�e oe such cancellatiou or terinination. 11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscella��eous Proceeds are hereby assigned t� tmd shall be paid to Lender. Tf the Property is daiilaged, such Misccllaneous Proceeds shafl Ue applied to restoration or repair of Che Froperry, if the resCOratiou or repair is eewiomically Peasible and Lender's security is no�lessenad. During such repair and reseoratioii period,�Lender sl��ll have tl�e right Co hold such Miscellaneous Proceeds until Leuder has had an oppoctunity to inspect such Piroperty to ensure Yl�e wbrk has been comploCed to Leilcler's _.. 14D0o620 NEBR�SKA-Slnplo Famlly-�annie MaelFmddle Mau UNIFOHM INSTRUMENT Fonn 3018 1101 VMP6WE��11951 VM P p puge B oi'17 W�Itcrs I(luwer f-Inanelal Servims