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201205416 10. Mortgage Insurance. If Lcndcr required Mortgage Insurance as a condition of making the Loan. Borrower shall pay the premiums required to maintain the Mortgage Insurance in effect, IF. for any reason, the Mortgage Insurance coverage required by Lender ceases to be available from lue mortgage insurer that previously provided such insurance and Borrower was required to make separately designated payments toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to obtain coverage substantially equivalent to lie Mortgage Insurance previously in effect, at a cost substantially equivalent to the cost to Borrower of the Mortgage Insurance previously in effect, from am alternate mortgage insurer selected by Lender. If substantially equivalent Mortgage Insurance coverage is not available, Borrower shall condnue 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 Insurance. Such loss reserve shall be non-refundable. notwithstanding the fact that the Loan is ultimately paid in &ill, and Lender shall not be required to pay Borrower any interest or earnings on such loss reserve. Lender can no longer require loss reserve payments if Mortgage Insurance coverage (in the amown 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 die prenriuns for Mortgage Insurance. If Lender required Mortgage insurance as a condition of making (he Loan and Borrower was required to make separately designated payments toward the premimns for Mortgage Insurance, Borrower shall pa'v the premiums required to maintain 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 Borrower and Lender providing for such termination or until termination is required by Applicable Law. Nothing in this Section 111 affects Borrowers obligation to pay interest el the rate provided in the Note, Mortgage Insurance reimburses Lender (or any entity brat purchases die Note) for certain losses it may incur if Borrower does not repay the Loan as agreed. Borrower is not a party to rite Mortgage Insurance. 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 share or modity their risk, or reduce losses. These agreements are on terms and conditions that are satisfactory to the mortgage insmer and the other party (or parties) to these agreements. These agreements may require the mortgage insurer to make payments using any source of Rinds 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 rouusurer, any other entity, or any affiliate of any, of the foregoing, may receive (directly 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 insurer's risk, or reducing losses. If such agn;enreu(. provides that an aftiliale of Lender takes a share of the insurer's risk in exchange for a share of the premimns paid to the uisurer. the arrangement 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 any other terms of the Loan. Such agreements will not increase the amount Borrower will owe for Mortgage Insurance, and they will not entitle Borrower to any refund. (b) Any suchagreements will not affect the rights Borrower has - if any - with respect to the Mortgage Insurance under the Homeowners Protection Act of 1998 or any other ins. These rights may include the right to receive certain disclosures, to request and obtain cancellation of the Mortgage Insurance, to have the Mortgage Insurance terminated automatically, and(or to receive a refund of any Mortgage Insurance 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 shall be paid to Lender. NEERASKA5n310 Frady-Fnonie Idneffreddle Mac UNIFORM IN51'PWUll- Fmm 30]8 Vol VMP a VMKNE) (1105)00 Wdt1 ,r I ., F.e ,M SeMces P,. ao115 111111111111111111111 VIII II OD0DNE1ON E97727727 11111111111111111111111 86