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201206537 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 ❑on-refundable loss reserve in lieu of Mortgage Insurance. Such loss reserve shall be non-refundable, nohvithstanding the fact that the Loan is ultimately paid in full, and Lender shall not be required to pay Borrower any interest or eaznings on such loss reserve. Lender can no longer require loss reserve payments if Mortgage Insurance covenge(in the amount and for the period that Lender requires)pmvided by an insurer selected by Lender again becomes available, is obtained, and L.ender requires separately designated payments towazd the premiums for Mortgage Insurance. If Lender required Mortgage Insurance as a wndition of making ihe Loan and Borrower was required to make separately designated payments toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to maintain Mortgage Insurance in effect, or to provide a non-refundable loss reserve, until Lznder'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 1D affects Borrower's obligation ro pay interest at the rate provided in the Note. Mortgage Insurance reimburses Lender(or any entity that purchases the Note)for certain losses it may incur if Bonower dces not repay the Loan as agreed. Borrower is not a party 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 thaz shue or modify their risk, or reduce losses. 1'hese agreemeats are on terms and conditions that aze satisfactory to the mortgage insurer and the other party(or pazties)[o 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 Inswance premiums). As a result of these agreements, Lender, any purchaser of[he Note, another insurer, any reinsurer, any other entity, or any af6liate of any of the foregoing, may receive(directly or indirecUy) amounts that derive from (or might be chazacterized as)a portion of Borrower's payments for Mortgage Insurance, in exchange for sharing or modifying the moRgage insurer's risk, or reducing losses. If such agreemen[provides that an affiliate of I.ender takes a shaze of the insuret's risk in exchange for a share of the premiums paid ro the insurer, the arrangement is often termed "captive reinsurance." Further: la) Any such agreements will not affect the amaunts that Borrower has agreed to pay for Mortgage Inaurance, 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 such agrcements will not afFect the rights Borrower hes-if any-with respect to the Mortgage Insurance under t6e Homeowners Protection Act of 1998 or any other law. These rigNts may include the right to receive certain disclosur�, to request and obtain cancellation ot the Mortgage Insurance, to have the Mortgage Insurance terminated automatically, and/or to rece3ve a refund of any Mortgage Insurance premiums that were unearned at the time of such cancellatlon ar terminaHon. 11. Asaignment of Miscellaneous Proceeds; Forfeitura. All Miscellaneous Proceeds are hereby assigned to and shall be paid to L.ender. If[he Property is damaged, such Miscellaneous Procceds sha11 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 t6e right to hold such Miscellaneous Proceeds until L.ender has had an opportunity to inspect such Property to ensure the work has been comple[ed to Lender's NEBRASKP-Single Femlly-Fennle Mee/Fretltlle Mac ONIFORM INSTRUMENT Farm 3028 1/07 �MP� VMPB�NE)�71051A� Wohere Kluwe�Finenciel Servicea PeBe B of 1�