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201207510 continue to pay to Lendci the amount of Lhe separately designated payments that were due when the insurance cocerage ceased to be in effeet. Lender�vill accept, use and retain these payments as a non-refundable loss reserve in lieu of Mortgage Insurance. Such loss reservc shall be non-refixndable, notwithstanding thc fact that the Loan is ultimately paid in full, and Lender shall not be required to pay Borrower any interest or eainings on such loss reserve. Lender can ao longer reqirire loss reseive pa�ments iF Mortgage Insurance coverage(in the amount and for the period that Lender requires)provided by an insurer selected by I,znder again becoincs available, is obtained, and Lender rcquires sepazately designated payinznts towazd tlie premiums for Mortgage]nsurance. If Lender required Mortgage Insurance as a condition of xnaking the Loan and Borrower was required to make sepazatel�designate�i payments towazd the premiums for Mortgage Insurance; Borrower shaR pay the premiums renuired to maintain Mort�a.ge Insurance in effect, or to provide a aoa-xefiandable lpss reserve, wrtIl Lend�'s requiueffient for Mortgage I�vsurance ends in accordance with any written agreement between]3orrower and Lender provicling for such temrination or until ternunafion 3s required by Applloable Law. Nothing in this Section 10 affects $o�ower's obligation to pay interest at the r�te provided in The Note. Mortgage Insuranpe reimbu�sc:s Lender(or any entity that pucchases hhe Note) £or certain losses iT may inciu� if Borrowcr does not repay the Loan as a�eed. Borrower is not a party to the Mortgage Insurance. Mortgage insurers evaluate theu total risk on all such insurance in force from tisne to time, and tnay enter inta agieements with othcr parties that shaze Or modify their rlsk, or reduce losses. Th�e a�eeulente are on terms and conditions[hat aze satisfactory to the xnortgage insurer and the other parry(or par[ies) to these agreemems. These agreements may require the mortgage insurer [o inake payments using any source of funds that the mortgage insurer may have available(wl�ich may include fimds obtained from Mortga.ge Insurance premiums). As a result of These ageeements, Lender, any purchaser of the Note, anothes insurer, a:1y reuisurer, any other entity, or any affiliate of any of the foregoiag may receive(directly or indirectly)amounts that derive from (or might be characterized as) a portion of Borrower's payments for Mortgage Insurance, in exchange for sliaring tir modifyin�the mortgage insurer s risk, or reducing losses. If such aa eement pruvides that an affiliate of Lender takeB a shaze of the insurer's risk in eacchange£or a share of the premi7nns paid to the insurer; the arrangement is often termed "c;a�tive reinsurance." Purther: (al Auy snch agreements wiil not affect the amo�nts that Borrower has agreed to pay for Mortgage Insnrxnce, or any other terms of the Loan. Sach agrcements will not increase the amount Borrower will o�ve for iVPortgxge insutancc, and they witi not enfitle Boxrower to any reituid. (b) any such ugreemests will not xffect the rights Brzrrower has -if any-with respect to the Mortgage Insuranee nnder the Homeowners Protcction Act of 1498 or auy otlier Ixw. These rights � may include the right to reeei�ce eertain disclosures, to request and obtain canceIlskon of the Nfortgage Insurance, to have ffie Mortgage Insw-ance terminated automatically, and/or to receive a refi�nd of any Mortgage Insurance premiums that were unearned at the time of such cancellafion or termination 19. Assignment of M iscelianeous Proceeds; Porfeiture. All Miscellaneous Proceeds are hereby assigned to and shall be paid to Lender. If the Propertv is damaged, such Misccllaneous Proceeds shall be applied to restoration or repair of the Properry, if the restoration or repair is economically feasible and Lender's security is not lessened. During such repair and restorarion period, Lender shall have the right to hold such Mise€llaneoas Proceeds until Lender has had an opportunitp to ipSpect such Yroperty to esLsure the work has been.completed to Lender's 24002088 NE3R4SKA-SingfeFamily-FannielAae'FreddxhlacflNlFORh1 WSTRJf.1ENT Form3028 VOt VMP� VMP6(NE)(1 i05) Wolters Kluw er Financial Services Page 9 of?]