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�0�204�76 continue to pay to Lender the amount of the separately designated payments that were due when the +n�r�nce coverage ceased to be in effect. Lender will accept, use and retain these payments as a non-refimdable loss reserve in lieu of Mortgage Insurance. 5uch loss reserve shall b�e non-refuadable, notwithstanding the fact that the Loan is ultimately paid in full, and Lender shall not be required to pay Boaower any interest or earnings on euch loss reserve. Lender can no longer require loss reserve payments if Mortgage Insutance coverage (in the amount and for the period that Lender requires) provided by an insurer sel�ted by Lender again becomes available, is obtained, and Lender requires separately designated payments toward the premiums for Mortgage Insursnce. If Lender required Mortgage Insurance as a condition of maldng the Loan and Bortower was required to make separately designated payments towazd the premiums for Mortgage Insurance, Borrower shall pay the premiums required to maintain Mortgage Insutance in effect, or to pmvide a non-refimdable loss reserve, until Lender's requirement for Mortgage Insurance ends in accordance with any written agreement between Borrower and Lender providing for such termination or until termination is required by Applicable Law. Nothing in this 5ection 10 affects Boaower's obligation to pay interest at the iate provided in the Note. Mortgage Insurance reimburses Lender (or any entity that purchases the Note) for certain losses it may incur if Borrower does not repay the Loan as agreed_ Borrower is not a parly to the Mortgage Insuiance_ Mortgage insurers evaluate their total risk on all such insurance in force from time to time, and may enter into agreements with other parties that sl�ate or modify their risk, or reduce losses. Theae agreements aze on terms and conditions that are satisfactory to the mortgage insurer and the other party (or parties} to these agreements. Tbese agreements may require the mortgage insurer to make payments using any source of funds that the mortgage insurer may have available (which may include fcmds obtained from Mortgage Insurance premiums). As a result of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer, any other enrity, or any affiliate of any of the foregoing, may receive (dire�tly or indirectly) amounts that derive from (or might be characterized as) a portion of Borrower's payments for Mortgage Insurance, in exchange for sharing or modifying the mortgage iasurer's risk, or reducing losses. If such agreement provides that an affliate of Lender takes a shate of the insurer's risk in exchange for a shate of the premiums paid to the insuter, the artangement is often tetmed "captive rei„�rance." Further: (a) Any such agreementa will not a8'ect the amounts that Borrower has agreed to pay for Mortgage Inxurance, or any other terms oi the Loan. Such agreements will not increase the amount Borrower will owe for Mortgage Inaurance, and they will not entifle Borrower to any refund. (b) Any auch agreemente will not affect the right� Borrower has - if any - with respect to the Mortgage Insurance under the Homeowners Protection Act of 1998 or any other law. These rights may include the right to receive certain discloaurea, to request and obtain cancellation of the Mortgage Insurance, to have the Mortgage Insurance terminated automatically, and/or bo receive a refund of any Mortgage Insurance premiums that were unearned at the time of such cancellatioa or termination. 11 Assignmentof MiscellaneousProceeds;ForFeiture+ All Miscellaneous Proceeds are hereby assigned to and shall be paid to Lender. If the Property is damaged, such Miscellaueous Proceeds sha11 be applied to restoration or repair of the Property, if the restoration or repair is economically feasible and Lender's secutity is not lessened. During such repair and restoration period, Lender shall have the right to hold such Miscellaneous Proceeds until Lender has had an opporhmity to insp�t such Property to ensure the work has been completed to Lender's NE9RASKA Single Famlly-Fennia Mae/Freddte Mac UNIFORM INSTRUMENT �^� � 1 � VMP � VPAFB(NE) (11Q5).OD Wolteis Kfuwar Ffrrertdel &ervicea Page 9 af 17