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201206682 continue to paq to Lendet the amount of t]se separ3tely designated paymants that were due when the insurance covera�e ceased to be in effect. Lender��ill accept, use and rztain these payments as a non-refuudable loss reserve in lieu of Martgage Insurance. Sucli loss reserve sha11 be non refundable, notwithstanding the fact that the Loaai is ultlmately paid in full, and Lender shall not be requir�d to pay Bonower any interest or earnings on such loss reserve. Lender can no longer require loss reserve payments� if Mortgage Insurance coverage(in the amount and for the p�riod that Lender requires)pro�ided by an insurer selected by Lender again becomes avallable, is obtained, and Lender requires separatelq designated payinents toward the premiums for Mortgage Insurance. IP Lender required Mortgage Insurance as a condition of makinn the Loan and Borrower�vas required to make sepazately designated payiuents toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to u�aintain Mortgage Insivance in effect, or Eo provide a non refimdable loss re;erve, unt91 Lender's xequirement for Mortgage Insurance ends in accordance�vith any written 2geeuient between Bortower and Lcnder providing for such tennivation or until terntiva[ion is rcquired by Applicable Law. Nofhing in this Section 10 affects Boaower's obligation to pay interest at the rate provided in the�Iote. Mortgage Insurance rei�nburses Lender(or any enfity rhat purchases the Note) Por certain 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 tptal risk on a11 such insuzauce in force from time fo fime, and inay enter inTo agreements«ith othec pazties that shaze or modify?heir riak, oi seduce losses. These agreements aze on terms and conditions that are saYisfactory to tke moxtgage insurer and ihe other paffy(or partics)to These �.greements. These agreements may require the mortgage ins�er tn make payments using any souice of fimds that the mortgage insurer maq have available(uchich may include funds oUtained from Mortgage Insurance premiums). As a result of these a�-zements, Lender, any purchaser of the Note, another insurer, any reinsurer, any other enfity, or any affiliate of any of the foregoiilg, may receive(directly ar indirectly) amowrts that derive from (or mighk be charactcrizcd as) a portion o£Borrower s payments for Mortgage Tnsurance, in exchange for sharin�or modifying the mortgage insurer's risk, or reciucing losses. If such agreement provides that an affiliate of I.ender takes a shara of the insiuex's risk in exchange for a shaie of the premiums paid to the insurex, the arrangement is often termed"captive reinsurance." Further: (a) Any such agreements will not afi'ect the amuunts that Borrower has agreed to pay for Mortgage Insurance, or any other terms of the Loxn Such agreements will not increase the amount Borrower will owe for Mortgage Insurance, xnd they will not entifle Borrower to any refund. (b) Any smch agreemeats will not affect the rights Bprrower has-if any-with respect to the Mortgage Iusurauce tutder Lhe Humeowners Protection Act of 1998 or an9 other law. These rights mxy include fhe right to receive certain discloswes, to request and obtain cancellation of the VIortgage Insurxnce, to have the Martgage Imsurance terminated automatically, and/or t0 receive a refund of any Mortgage Insurance premiums tiaxt�vere uneai�ied at the lime of such canCellRfion or termination. 11. Assignment of M iscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds aze hereby assigned to and shall be paid to Lender. If the Propeity is damaged, such Miscellaneous Procecds shall be applied to restoration or repair of the Properry, if the restoration or repair is economically feasible and Lender's security is not lessened During such repair and restcrration period, Lender shall have ihe right to hold such Miscellancous Proceeds until Lender Ijas had an opporhuuty to inspect such Property�to ensure the work l�as been completed to Lender's 24001]42 NE9RASKA-Sincle Family-FanNe A9 aelFreEdie M ac UN IFORM MSTRUM ENT Porm 3028 1l01 `/�P OO VM P6(NE)(1105) tNolters Kluw er Fnancial Services Page 9 of 1]