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201206256 con6itme to pey to Lender Yhe amount of the separaYely designated payments fliat were dne when Uie insuruice coverage eeased to be in effect. I.ender will accept, use aud retain thesc paymcnTe as a non-refiuidablc loss rc�erve in lieu oPMortgage H�surance. Such loss reserve sh�ll be non-refundable, notwiihstand'uig the £aot that the Loan is tilYimntely paid in Full, and Lendar shall not be required to pay Borrower any iuteresti or eaznings on such loss reserve. Londar can no lc3ngcr requirc loss rescrve paymc�itg if MorCga�ge histivance cove�'age(in the amount and for fhe period I-haC Lender requires)provided by�an insw•er se1octad by Lencier again beeoines available, is obtnined, and Lencler reqnires se�axately designated payments toward tho pxeuuLuns for Mortgage Insurance. If Lenc1er requirul Mortgage Insurauce ae a. condition of m�ldng the Loa�i nnd Boxrower wne requireci to ineke sepaeately desi�na�ted payme�iCs toward the prenuums for Mortgage Insurance, Rorrawer shall pay the premiums requircd to maintain Mortgagc Tngurancc in cffect, or to�rovide n i'ion-refund�ble loss reseive, unfil Lender's requireinent for Mortgt�ge Insuranoe ends in acoordance with Any�*n'iCten agreament between Borrowe�' and I,e�1de��providing fm stiich terminat�on or untiil Cennniation is required by Applicable Law. NotMng in 11�iis Section 10 aPFecfs Rorrot�e�'s c�bl�gafion t<r pay intcrest aC fhe xate provided in the Note. Mort�age h�sw ai�co r�imisursas Lcnder(or any enti6y thet purchases the Note)for cert�in losses it may inew� if Borrowcr does not repay[he Lo�n as egreed. Borrower ls uoti a party to tlie Mortgage H�sLuance. Mortgage u�stiu��s evaluato tl�oir to4a1 risk on n11 snoh insurance in force fi�om time Yo Yime, a�id may enter iiito n�,neomcnts wifli ot'her p�r[ies lhat share ar moclify Yheir risk, or redttca losses. These agreemeirts are on tcnns and condilions that are safiafectory to tiie inortgage insm�er and the other pnrty(or partics) to thc;se �g�eementa. These a�greements may require t1�e mortgage insm�er k7 u7alce pnymen�irsing any sonxce of funds tiiaE Uia inortgage insm er may havo available(wluch may inolude fimds obtained from Mortgege Iusw�ance prcmiwns). As a result of these agreeinenCs, Lender, any purch�sei of the NoCe, Tnother insurer, any reinsm�er, any othor enCily, or auy affiliete of any of the 1'oregoing, may reeeive(direcHy cir indircc;tly) kunounts 4liat derive from (or might be characCerized as) a porLion of Borrotvcr's payn�ents �For Mortgage Inaiirnuce, in exchange for sharing or modifying thc mortgage insurer's rislc, or reducing losses. IF such agreementi provides that an affiliate of Lender takcs a shtue of�l�e insurer's risk in exchange'For a shace of tlie prem[mns puid to the insur�v, the arr�ngement is ofteu termed"captive reinsuxance." Purther: (a) Any sneli agreements will uot nff'ect the xniounts ChaE 13orrower has�greed to pay for Mortgago Insarnuce, or any othea•terms uf Cl�e Loau. Snch agreements will uot increasc Chc nmwmt Rm•rower wlll nwe for Mortgs�ge Ltsnrancc, and H�ey will not enfltle Rurrower to any reflmd. (b) Any sueh �greomeriCs will not o-�ffecC Ylto riglita Borrower has- if niry-Wifh respecf to the Mm•tglge Bism�anec undcr Chc Hoineowners Proteetlon AcC of 1998 oe any other law. Tl�ese �4glita may inclade the right to receive cerCatn discloem�es, to rec�uesY and obtaiu enncellaGou of tho Murkgase Tngnrance, Co Lave fhe Mortgage viam•nnce Eci�ninated:uitomnticxily, an[I/or to receive ri refmid of�ny Mortgage Bism•anco prcmiuins tlu�t were unea�Tied aU the C'rtne of snch cnncellaCimi or tcrminatiov. 11. Assignment of M iscellaneous ProCeeds; Forfeiture, All Miscollaneous ProceeCls �re hereby nssigned to end shnll be paid Eo Lender. If Ehe Property is damaged, such Miscellancous Yroceeds shall be applied to restrn•etion or repair oC�1ie Property, if the reetoration or rcpair ie economicnlly feasible and Lender's security is not lessenecl. During sud�repair and resfoxalion period, Lendar shall have The tibht to hold such Mieccllaneous Proceeds unCil Lender has had an opportututy tio inspect such Vroparty co enaure Che work has Ueen completed to Lendar's znoutcs2 N EBRASKA-Single Family-Fannic M aelFfeAAle A7 ac UNIFORM IN STfiW1 ENT Form 3020 1 f01 VM P Cy VM PB(Nr)(110G1 Wollers Kluwar Financiel 9ervlcea Page B of 79