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201207436 contiinie to pay to Lencler the nmount of the sepv'ataly designated payments th�t were due wl�cn tl�c insurauce coverage cetased to be in effect. l,e�ider will accept, uec aiid reLain uheso pnymonfs as n. non-refiuidaUle losy rese�ve in licu of Morfgage Insurance. Such loes reaeeve shall be non-refiuidable, notwit7�stanciing the facC lliat the Lo�n is ultimatelp paid in fi�ll, and Lender ehall not be required to pay Bon�ower any intierest or earninge on such loss reseive. l.euder can no longcr requ'rro loss roscrvc pxyrnen[s if Mortgage Inswauea conerage(in the amount and for Lhe perioci Chnt Lender requires)providecl by an insurer seleoted hy Lcncior again becomes availflble, is obtanied, and Lender reqttires separatiely designated paymnenL's Coward the premiums for A7ortgage Lisarance. If Leuder requircd Mortgagc Tnyurancti as a condition oPmaking tlie Loau and Borrowe��vas required to make separalely designated pnyments toward the pramiums for Mortgage In.sw��a�ce, Borrower shall pny the premiums required to maintain NIarYgage Insurance in ePPeot, ar to providea non-refundable los3 reserve, nntil Lei�dcr's rcquircmcnt for Mortgage Insurance ends in accordance witih auy written agreemcnt bctwoon Borrowe��and Lencler providing for such terminntion or unY�il termiiutition is reqtilired by Applicnble Law. Nothing in this Section 10 affeets Borrower'e obligalion to pay intotcsti at h1�e rate provided'ni the Note. Mortg�ge Instiu�aice reimUm�ses Lendor(or any entity thak purchnaes the NoYe) fror certain lossee it may incur if Rorrower doce not rc��ay the Lonn As agreecl. Borr�ower is not a party to tl�e Mortgage]neL�rance. Mortgage insurcrs cvttluate tlielr Cotal risk on ell such insurance in force from time Co time, and may cntcr intio agreeinenis with other pardies that shtua or modify their�is1c, or reducc losecs. Theae agreements are ort tei�rns aYid conditions that are saCistactory to tho martgagc insurer aud the other pertq(or pfu•ties) to fliese agreements. Thase agreements may requirc the inortgage inai�rer to make payments using �ny somce of ftuids � that Uie�nortgago insurcr may have av�il�ble(which may include fuuds obtauied fi�om Mortgage]nswaflcc prcti�iums). As a residC of Hiese agreemenfs,Lender, any purchasei aP the Note, another insurer, any reinsm�er, any other entity, or any affxlia�te of any of lhe�foregoing, inay recoive (dir•ectly or indireot�ly) an�ounCs thaf derive fiom (or might be char�oterized as) a(�ortion of Borro�ver'a p�ytnents for MorYgage Insurance, in exchange Por sharing or n�odifying the inartgnge iusurer's risk, or redttcing lossas. PF such agreement provides t6at an Af�iliate oP Lender Yakes a share ot'the insurer's riblc in cxch�r�gc for a share of the promimns�aid to'Lhe insurey flie eurzngeme��t is oftcn tcrnicd"capCive reinsurauce.° P'urther; (a) Any enc}i agceemente will noE affect Che amonnte tl�at Borrowcr hns agrced to pay f'or Mortg��ge Insm•ance, or nny other terms of tl�c Lonn, Snch i�gree�nents will nuE increase tlte ;imomif. Bot•rowcr will owe for MorCgnge Insurnnce, xnd tLey will not euHNe Bmrower to auy refand. (b) Any such agrecmenCe wiil not nffect the rights Borruwer has-if:my -witl�respect to the Mortgage Insnra��ce mider the Hmneowners Proteclion AeC of 1998 or auy oL7ier law. TLesa rigl�te may include Che rigLC Co receive certain dieclosnres, to request snd obtain cancollation of thc Mortgage Iueiu�ance, to liavc thc Mortgagc Insm•ance terminated tnitumatic:ills, and/or to receive n refmid of any Mortgage Iusucauice preminms Chxt were itnearned at.the lime of sricli caneellatlon or Ccrnunnliou, 11. Assignment of M iscellaneous Proceeds; Forfeiture. All Miscell�uieous Proceeds nre hereby nssigned to and shall Uc paid Lo Lcnder. Lf tlie Proparty is da�»aged, such Misccllaneous Proceeds shall be appliecl tio restorntion or repair of the Prope�•ty, if t�he restoi�2tion or xepair is economically feasible azid Lender's securiky is not lessened. Durin� such repair and restor��dion period, Lender sluilllia�ve the rigl�t to holcl such Miscellaneous Proc2eds until Lender l�as had an opportuni[y to ins��cct such Property Co ensiue Che work has l�een compleCed Co Lender's — — ------- ---- zaooza�i NENRA9KA-9ingle Femlly-Fqnnle MaelFreddle Meo UMPORM IN9TRUM ENT Farm 3028 110'I vMPp vmi=s�Ne��to5� W niters Klmv er Finannlal Sr:rvinnx Paye B of 1]