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�4�20��00 continue to pay to Lender the amount of the separately designated payments tha.t were due when the insurance coverage ceaserl 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 that the Loan is ultimately paid in full, and I.ender 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 Insurance covera$e (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 Insarance. If Lender required Mortgage Insu�rance as a condition of making the Loan and Borrower was required to make separately designa.ted payments toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to ma.intain Mortgage Insurance in effect, or to provide a non-refundable loss reserve, until Lender'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 I.aw. Nothing in this Section 10 affects Borrower's obligation to pay interest at the rate provided in the Note. Mortgage Tnc„ra� reimburses Lender (or any entity that purchases the Note) for certain losses it may incur if Bonrower 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 i.,c�„��p ln force from time to time, and may enter into agreements with other parties that share or modify their risk, or reduce losses. These agreements aze on terms and condidons that aze satisfactory to the mortgage insurer and the other party (or parties) to these agreements. These agreements may require the mortgage insurer to make payments using any source of funds thax the mortgage insurer may have available (which may include funds obtained from Mortgage Insurance premiums). As a result of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer, any other entity, or any aff'�liate of any of the foregoing, may receive (direcfly or indirecfly) amounts that derive from (or might be characterized as) a portion of Borrower's payments for Mortgage Insurance, in exchange for sharing or modifying the mortgage insurer's risk, or reducing losses. If such agreement provides that an aff'�liate of Lender takes a share of the insurer's risk in exchange for a share of the premiums paid to the insurer, the arrangement is often termed "captive re�nc� Further: (a1 Any snch agreements will not affect the amounts that Borrower has agreed to pay for Mortgage Iasurance, or any other terms of the Loan. Such agreements will not incresse the amonnt Borrower will owe for Mortgage Insurance, and they will not entitle Borrower to any refnnd. (b) Any snch agreements will not affect the rights Borrower has - if any - with respect to the Mortgage Insnraace under the Homeowners Protection Act of 1498 or any other Iaw. Th�e rights may inclnde the right to receive certain disclosur�, to r�uest and obtain cancellation of the Mortgage Insurance, to have the Mortgage Insurance terminated antomatically, and/or to receive a re£und of any Mortgage Insurance premiums that were unearned at the time of such cancellation or termination. 11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are 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 seeurity 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 ha.s been completed to Lender's NEBRASKA-Singla Famlly-Fannia Mae/Freddia Mec UNIFORM INSTRUMENT Farm 3028 1/07 VMP � VMP6(NE) (1706i.00 Wolmra Kluwer Finerxial Services Paga 8 of 17