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� 201207384 confinue to pay to Lender the amount of�tne sepazately designatzd paytnents fliat were due when fhe a�surance coverage.^.eased to be in effect. Lender will 3cc�pt, use and reraiv These payments as a non-refundable loss reseroe in lieu of Mortgage InsLuance. Such loss resen�e shall be non-rcfundable, notwithstanding the fact that the Loau is ultimately paid in full; and Lender shall not be required to pay Bor±�ower any intcrest or earnings on such loss reserve. Lender can no longer rzquire loss r�.seroe payinents if Mortgage Insurance coverage(in the ainount and for the period that Lender requires)provided by an insiner szlzcted by LendeX again becomes available, is obtained, and L�der requires sepaxately desi�xated payments towazd iha premiwr� for Mortgage Insuranc�. If Lender required Mortnage Insurapce as a condition of making the Loan and Borrower was requiredtp make sepazately desi�ated paywents toward£ne prexniums for Mortga�;e Insurance, Borrower shall pay the nremiwns required to maintain Mortgage Insurance in efFeci, or to provide a non-refundable loss reseroe, until Lender's requiremeni fox Mortgage Insurance ends in accordance with any�v✓rittcn agreement between Borrower and Lender providing for cuc'tt temunation or until termination is requixed by Applicable L.aw. Nokhing in this Section 10 affects Bozrower's obligatioti to pay intaest at the rate provided in the Note. Mortgage Insurance reimburses Lendet(or any entity that purchases the Nofe) far certain losses it may incur if Borrower does not repay the Loan as agreed. B6rrower is nok a party to flie Mortgane Insurance. Mortgage insurers evaluate their total risk on all such insurance in forcc fram rime to tune, and may enter into agreements with other parties that share or modify their risk, or r.duce losses. These a�eements are on tenrs and condikions that aze satisfactoiy to The morfgage in,uxex and the other party(or pazties) to khese agreements. Thcsc a�-eements may require the mortgage insurer Yo make payments using any source of funds 6hat the mortgage insurer may have available(which rnay include funds obtained froxn Morigage InsLuanoe premiuins). As a result of these agreements, Lender, any purcbaser of the Note, another insurer, any reinsurer, any other entity, or anp ai3iliate of any of the foregoing, may xeceive(directly or indirwtly) amounts tUat derive from (or might be eharacterized as) a portion of Borrower's payments for Moxtgage Insurance, in exchange fox sharing or modifying the mortgage insarei s risk, or reducing losses. If such agreement provides thaf an affiliate of Lender takes a share of the insurer's risk in exchange fc�r a share of thz premiums paicl to the insurer, the airangeinent is oftcn termed"captive reinsurance." Further: (a) Any such agreements will not aFfect the amounts that Borro��er has a.greed to pay for�'Iorfgxge Insuranee, oa any other terms of the Loan. Snch agrcements will not ssicrexse the amount Borrower�vill owe for Mortgage InsurAnce, and the��vili not entitie Borrower to any refund. (b) Any such agreements will uot affect thc rights Borrower has -if any-with respect to the MorCgage Insarance under the Iiomeow�ners Psotection Act of 1998 or auy other law. TLese rigLls may include the right to recei��e certain disclosures, to request and obtain camcellation of the Vlorfgage Insm�ance, to have the Mortgage dnsurance ter�ninated automaticallv, and/or to receive a refund of any 1Iortgage Insurunce premiums that were unearned at the time of such cancellation or terminafion. 11. Assigroment of M iscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are licreUy assigned to and shali be paid to Lender. I£the Property is dama.ged, su�h Miscellaneous Proceeds shall be applied to restozation ox repair of the Progerty, if the zesYqYatiRn or repair is cconauucally feasble and Lender's Security is not lessened, During such repair and restoration period, Lender shall ha.ve the right to hold such Misccllaneous Proceeds until Lender has had an opporiunity to inspect such Properiy to ensure the work has been completed to Lender's zaaozon� NEBRHSKA-Single Family-Fannie P!zelFredcie M11 ac ONIFORM INSTFptd ENT Form 302 B 1I01 Vb:P� VbiP6(NE)(1905) ',Nolters Klu�mer Financiai Services Page 9 0�17