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20�20587C continue 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 tfiat the Loan is ultimately paid in full, 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 Ins��n� coyerage (in the 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 Tnc�ran� as a condition of making the Loan and Borrower was required to make separately designated payments towazd the premiums for Mortgage Insurance, Borrower shall pay the premiums required to maintain Mortgage Incnrunsp lII CffeCt or to provide a non-refundable loss reserve, until Lender's re�uirement for Mortgage Insurance ends in accordance with any written agreement between Borrower and Lendez providing for such termination ar untit 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 entity that purchases the Note) for certa.in losses it may incur if Borrower does not repay the Loan as agreed. Borrower is not a party to the 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 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 tha.t the mortgage insurer may have available (which may include funds obtained from Mortgage Insurance premiums). As a result of thes�e agreements, Lender, any pnrchaser of the Note, another insurer, any reinsurer, any other entity, or any affiliate of any of the foregoing, may receive (direcfly or indirectly) amounts that derive from (or might be chara.cterized as) a portion of Borrower's payments for Mortgage Tn�,ransp, in exchange for sharing or modifying the mortgage insurer's risk, or reducing losses. If such agreement provides that an aff'Iliate of Lender takes a share of the insurer's risk in exchange for a share of the premiums paid to the insurer, tbe arrangement is often termed "cap�ive reinsurance." Further: (a) Any snch agreements will not affect the amonnts that Borrower has agreed to pay for Mortgage Insurance, or any other terms of the Loan. Snch agreements will not increase the amount Borrower will owe for Mortgage Insurance, and they will not entitle Borrower to any refnnrl. (b1 Any snch agreements will not aff�t the rights Borrower has - if any - with r�pect to the Mortgage Insnrance under the Homeowners Protection Act of 1948 or any other law. Th�e rig�ts may inclnde the right to receive certain disclosures, to reqnest and obtain cancellation of the Mortgage Insnrance, to have the Mortgage Insurance terminated sutomaiically, and/or to receive a refund of any Mortgage Insnrance preminms that were unearned at the time of such cancellation or termination. 11. Assignment of Misceflaneous Proceeds; Forfeiture. All Miscellaneous Proceeds aze hereby assigned to and shall be paid to Lender. If the Property is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of the Property, if the restoration or repair is economically feasible and Lender's security is not lessened. During such repair and restoration period, Lender shall have the right to hold such Miscellaneous Proceeds until Lender has had an opgortunity to inspect such Property to ensure the work has been completed to Lender's NEBRASKA-Single Family-FanNe Mae/Fradtlfa Mac UNIFORM INSTRUMENT VMP � Woltsrs Kluwar Flnerxial Servicas Form 3028 1lO7 VMP81NE) t71061.00 Paga 8 af 17