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201206748 continue W pay to Lender the amount of t#ie sepazately designated payments that were due when the insurance coverage ceased to be in ef2'ect. Lender will acczpt, use and retain these paymenks as a non-refundable loss reserve in lieu oPMortgage Insurance. Such loss reserve shall be non-refundable. notwithstanding tl�z fact that the Loan is ultimate]y paid in full, and Lendei shali not be required to pay Borrower any interest or carnings on such loss reserve. Lender can no longer require loss reserve payinencs if Mortgage Insurance coverage(in the amount and for the period that Lender requires)provided by an inswer selzcted by Lender again becoincs a�aIlable, is obtained, and Lender requires separately designated payments toward the preaniwns for Mortgage Insurance. If Lendec requised Mortnage Ineuravice as a conditi0n of m<m�king the Loan and Borrower was required to make sepazately desi�ated payments towazd the prciniums for Mortgage Insurance, Bonower shall pay the premiurns rc�uired to maintain Mortgage Insurance in effect, or to pro�nde a non-refundable loss reserve, unUl Lender's requirement for Mortgage Insurance ends in accordance with any u�ritten agreement betwcen Borrower and Lender providing €or such tc,�-mination or antil terrninarion is xequired by Applicabla Law. Nothing in this Sectipn 10 affects Boaawer's obligarion to pay interest at the rate provided in Ylie Note. Mortgage Insurance r�itnburses Lender(or any enfity that purcl�asea the Note) �foz certain iosses it may incur if Borrower does not repay thc Loan as agreed. Borrower is not a pazty to the Mortgage Insurance. Mortgage insurers evaluate their total risk on all such insurance in force from rime fo lime, and may enter into a�eements wiTh other pazties thaC shazc or�nodify their risk, or reduce losses. These agreements are on terrns and condirio�that ara satisfactory to the moFtgage 3nsurcr and the other party(o=parties)to these a�eements. These a�eements may requue thc mortgage insurer to make�aymcnt,using any source of funds thai tkie morCgage insurer may have available(which may inclucic fiinds obtained from Mortgage lnsiu-ance preu�iinns}. As a resulY of these agreemenwg, Lender, any pw�chaser of the Note, anothec inscuer, any reinsurer, any otiier enrity, or aay affiliafe of any o€the foregoing, may xeceive(dv-ectly or indirectly}amounts that derive from (or xnig$t be chasacterized as) a portion of I3orrower's payments for Mortgage Insurance, tn egchange for sharing or modifying the mortgage insurer's risk, or reducing losses. If such aereement provides that an affiliafe of Lendcr takes a share of the insurer's risk in exchange for a share of the premiums paid to the insurer, the arrangeinenC is often tcrmed"caprive reinsurance." Purther. (a) Any such agreements w�ill not affect the amonuts that Borrower has Agreed to pay for Vlortgage Insurance, or any otlier terms of the Loan. Snch agreements wil!aot inerease the amonnt Borrower�viIl owe for 1�Iortgage lnsurance, and tlie��will not entitle Borrower to xny refvnd. (b) Any such agreements wi(I noE affeCt the iights Burrower has-if any-with respect to ffie 1Vdortgage 3nsm•auce under t7te Homeuwueis Protection Act of t998 or any other law. These rights may include the right da receive certain disclosures, to reqaeat and oditam caneellxtion of the Mortgage Insarance, to have the 1Vtortgage Insurance terminated automatically, ztnd/or to receive a refund of any Nl6rtgage Insurance preminma tha.t were unexrned at the time of such cancellation or termination. 11. Assignment of M isce9laneous Proceeds; ForfeRure. Al11YIiscellaneous Proceeds are h�.-rcby assigned to and sl�all be paid to Lender. If tha Proparcy is damaged, such Miscellaneous Proceeds shall be appl3ed fo resToration or repair of the Praperty, if the restoratzon or sepan-is ecqnonueallp teasible and Lender's aecurity is not lessexied. Ducing suah repair and xestoxanoa period, Lender shall have the right to hold sucfi Miscellaneous Pmceeds u�ntil Lender has had an opportunity to inspect such Properry to ensure tlie work has been completed 4o Lender's 24001�83 NEBR4SKA-SincleFamily-FannieAqaelFred7ieMecUNIFORtd INSTRUbi6�T Form30281/bi VP.q P� VM P6(N�(1105) Wollers Kiuv✓er Fnencial5srvices Page 9 of 1]