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� � 20120209G coutinue to pay to Lender the amount of the separately designated payments that were due when the insurance coverage ceased to be in effect. Lender will accept, use and retain these payments as a non refundable loss reserve in lieu of Mortgage Iusurance. Such loss reserve sha11 be non-refundable, notwithsta.nding the fact thaz the Loan is ultimately paid in full, and Lender shall not be required to pay Bonower any interest �r earnings on such loss reserve. Lender can no longer require loss reserve payments if Mortgage Insurance coverage (in We amount and for the period that Lender requires) provided by an insurer selected by Lender again becomes available, is obtained, and Lender requires separately designated 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 designated payments toward the premioms for Mortgage Insurance, Borrower sha11 pay the premiums required to mainta.in Mortgage Insurance in effect, or to provide a non-refundable loss reserve, until Lender's requirement for Mortgage Insurance ends in accordance with any written agreement between Bonower and Lender providing for such termination or until termination is required by Applicable Law. Nothing in this Section 10 affects Borrower's obligation to pay interest at the rate provided in the Note. Mortgage Insurance reimburses Lender (or any entiry thax purchases the Note) for certain losses it may incur if Borrower does not repay the Loan as agreed. Borrower is not a parry to the Mortgage Insurance. Mortgage insurers evaluate their total risk on a11 such insurance in force from time to time, and may enter into agreements with other parties that share or modify their risk, or reduce losses. These agreements are on terms and conditions that are satisfactory to the mortgage insurer and the other parly (or parties) to these agreements. These agreements may require the mortgage insurer to make payments using any source of funds that the mortgage insurer may have available (which may include funds obtained from Mortgage Insurance premiums). As a result of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer, any other entiry, or any affiliate of any of the foregoing, may receive (directly or indirectly) amounts that derive from (or might be cha.racterized as) a portion of Borrower's payments for Mortgage Insurance, in exchange for sharing or modifying the mortgage insurer's risk, or reducing losses. If such agreement provides that an affiliaxe of Lender takes a share of the insurer's risk in exchange for a share of the premiums paid to the insurer, the anangement is often termed "captive reinsurance. " Further: (a) Any such agreements will not affect the amounts that Borrower has agreed to pay for Mortgage Insurance, or aaq other terms of the Loan. Such agreements will nat increase the amount Borrower will owe for Mortgage Lisurance, and they will not entitle Borrower to any refund. (b) Any such agreements will not affect the rights Borrower has - if any - with respect to the Mortgage L�surance under the Homeowners Protection Act of 1998 or any other law. These rlghts may include the right to receive certain discl�ures, to request and obtain cancellation of the Mortgage Insurance, to have the Mortgage Insurance terrninated automatically, and/or to receive a refund of any Mortgage Insurattce premiums that were unearned at the time of such cancellation or termination. 11. Assignment of Miscellaneous Proceeds; ForFeiture. All Miscellaneous Proceeds are hereby assigned to and sha11 be paid w Lender. If the Property is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of the Properry, if the restoration or repair is economically feasible and Lender's securiry is not lessened. During such repair and restoration period, Lender shall have the right to hold such Miscellaneous Proceeds until Lender has had an opportuniry to inspect such Property to ensure the work has been completed to Lender's NEBRASKA•Si�le Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/O1 VMP Cy� VMP6INE) (11051.00 Wokers Kluwer Financial Servicea Paee 8 of 17