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201207092 continue to pay to I,ender the an�ow�t of the sepazately designated payments that were due when the insurance coveraoe ceased to be in eFfeci. Lendcr will accept, use and reYain t'tiese payinents as a non-refundable lqss reserve in lieu of Mortgage Insarauce. Such loss reserva shall be»on-xefuneabfe, notwithstandiug the fact that the Loan is ultimately paid in full, 2ud Lender shall noi be reqLured to pay Boxmarer any interest or earn'^gs on sµch loss xeserve. Lender cai2 no longer reqnire loss xesetve paqivents if Mortgage Insurance coverage(in the amount and for the period Chat Lender reguires)provided by an insuier selected by LendPa again hecomes available, is obtained, and Lender requizes separaTaly designated payments toward the premiums for Mortgage Inscu-ance. [f Lender required Mortgage Insurance as a conditiqn of makins the Loan and Borrower was requi[ed to make separately designated payments towazd the preiniLuns for Mortgaae Insurance, Bonower sha11 pay the premiums requireci to maintain Mortgage Insurance in effect, or to�rovide a nan-refundable loss resen-e, until Lender's requirement for Mortgage Insurance ends m accordance with any w�ritten a�n-eement Uetween Borrower and Lender providing for suck termination or unul termu�ation is required by Applicable Law. Not]�ing in t7�is Secfian 10 affects Borrower's ohligation to pay interest aT Tha rate provided in the Note. � Mortgage InsLu-ancc rcimburses Lender(or any entity that purchases the Noce) for ccrtain ]osses it snay incur if Bonower does not repay the Loazi as agced. Bon ower is not a party to the Mortgage Iasurance. Mortgage insurers evatuate their total xisk on all such insurance in force from tune to time, and may entex inio a�eemznis with other parties diat share or modify their risk, or reduce losses. These agreemc,-nts are on terms and conditions that are satisfactory to the mortgage insurcr and the other party(or parties) to these agreemeirts. "1'hese agreements mav rec�ure tha martgage insurer io make payments using any source of funds that the mortgage insia-er inay have available(which may iuclude funds obtained&am Mortgage tnsarauce premiums). As a result of thes0 agreements, Lender, any purchaser of the Note, another insurer, any reinsurer, any other entity, or any affilia[e of any of the foregoing, may receive(direcdy or ind'uectly) amounts that derive from (or might be chazacterized as) a portion of Borrower's payments for Mortgage Insurance; in exchange for sharing ar modifying the mortgage iasurer's risk, or reduc,ring losses. If such aereement provides that an affiliafe of Lender takzs a share of the insurer's risk in exchznge for a share oP the premiwns paid to the insurer, the arrangement is often termed "caplive reinsurance." Further: (a) Any sueh xgreements will not affect the avaounts that Borrower has agreed to pay for Mortgage Insarance, or any other terms of Che Loan. Such xgreements will npt increase fhe Amounf BorroFver wil] owe for Mortgage Insurauce, and thev�•ill not entitle Borrower to any refimd. (b) any such agreements will uot affect the rights Borro�ver has-if any-with respect to the 1VIortgage Insurancc wtdu� tlie lloiueowuer�Prutection Act of 1998 or any other iaw. These rights may include the right to receive certaiu disclosures, fo reqnest and obt:tin cancellafion of the dioxtgage Insurance, to have the Morkgage Insur�nce termivated anto�ttafically, and/or to receive a refund of any vIortgagc dnsurunce premiums that were unearned at the timc oP such caneellafion or terminafion. 11. Assignment of M iscellaneous Proceeds; ForFeiture. All Miscellaneous Procceds are hereby assigned to and shall be paid to Lcnder. If Ihe Prpperiy is damaged, snch Mlscellaneous Proceeds shall be applied to restotz#tou or repair af the Property, if fne restoration or repair is economically feasible and Lendcr's security is not Iessened During such ze�air and xestorarian period, Lender shall have the nght to hold such Miscellaneous Proceeds until Lender has had an opporhtniiy to inspect such Proparty 4o ensure Uie urork has been completed to Lender's zaoaissz NEBIWSKA-Single Family-Fannie bl ae/Freddie Mac UNIFOFid INSTROtd ENT Form 3028 1i01 VM P� VM P6(NE)(1105) VJolte:s Kluw u Fqanclal Services Page 9 oi'I]