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20 �20�3�� and Borrower was required to make separately designated payments toward the premiums for Mortgage Insw�ance, Borrower shall pay the premiums required to obta�n coverage substantially equivalent to the Mortgage Insurance previously in effect, at a cost substsnttally equivalent to the cost to Borrower of the Mortgage Insurance previously in effect, from an alternate mortgage insurer selected by Lender. If substantially equivalent Mortgage Insurance coverage is not available, Borrower shall 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 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 Lender sha11 not be required to pay Borrower any interest or easnings on such loss reserve. Lender can no longer require loss reserve payments if Mortgage Insurance coverage (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 Insurance. If Lender required Mortgage Insuraace as a condition of making the Loan and Bonower was required to make separately designated paymettts toward the premiums for Mortgage Insurance, Borrower shall pay the premiums reyuired to maintain 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 ternunation or until termination is required by Applicable Law. Nothing in this Section 10 affects Borrower's obligation to pay interest at the rate provided in the Note. Mortgage Insurance reimburses Lender (or any enrity that purchases the Note) for certain losses it may ittcur if Borrower does not repay the Loan as agreed. Borrower is not a party to the Mort�age Insurance. Mortgage Insurers evalua.te their total risk on all such insurance in force from time to time, and may enter into agreements with other parties that share or modify their risk, or reduce losses. These agreements are on tenns and conditions that are satisfactory to the mortgage insurer and the other party (or parties) to these agreements. These agrcements may require the mortgage insurer to malce payments using any source of funds that 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 affiliate of any of the foregoing, may receive (directly or indirectly) 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 mortgage insurer's risk, or reducing losse.s. If such agreement pnovided that an affiliate 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 reinsurance:' Further: (a) Any snch agreements wlll not affect the amonnts that Borrower has agreed to pay for Mortgage Insnrance, or any other terms of the Loan. Snch agreements wlll not increase the amount Borrower will owe for Mortgage Insnrance, and they will not en�Stle Borrower to any refund. (b) Any such agreements will not affect the rlgLts Borrower has — if any — with respect to the Mortgage Insurance under the Homeowners Protection Act of 1998 or any other law. These rIghts may include the right to receive certain disclosares, to reqnest and obtain cancellatYon of the Mortgage Insnrance, to have the Mortgage Insnrance terminated automaHcally, and/or to receive a refand of any Mortgage Insnrance premiums that were unearned at the time of sach cancellatlon or termination. 11. Assignment of Miscellaneons Proceeds; Forfeitnre. All Miscellaneous Proceeds are hereby assigned to and sha11 be paid to Lender. If the Property is damaged, such Miscellaneous Proceeds sha11 be applied to restoration or repair of the Property, if the restoration or repair is ecronomically feasible and Lender's secutity is not lessened During such repair and restoration period, Lender shall have the rlght to hold such Miscellan�us Proceeds unttl Lender has had an op�rtunity to inspect such Property to ensure the work has been completed to Lender's satisfactton, provided that such inspection sha11 be undertaken promptly. Lender may pay for the repairs and restoration in a single disbursement or in a series of progress payments as the work is completed. Unless an a�reement is made in writing or Applic,able Law requires interest to be paid on su,ch Miscellan�us Proceeds, Lender shall not be required to pay Borrower any interest or earnings on such Miscellaneous Proceeds. If the restoration or repair is not economic�lly feasible or Lender's security would be lessened, the Miscellaneous Proceeds sha11 be applied W the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such Mis'cellaneous Proceeds shall be applied in the order provided for in Section 2. NEBRA3KA �ingie Family-Fannle Mae/Freddie Mac UNIFORM INSTRUMENT Fo 3 1/ 1� Page 7 of 12 i�, ir�c. Borrower(s) IniUals