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• 201207541 paymen[s that were due when the insurance coverage ceased to be in effect. Lender will accept, use and retain these payments as a non-refwidable loss reserve in lieu of Mortgage Insurance. Such loss reserve shall be non-refundable, norivithstanding the factthat the Loan is ultimately paid in full,and Lender shall not be required to pay Borrower any interest or eamings on such loss reserve. Lender can no longer require loss reserve paymen[s if Mortgage [nsurance 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[nsuranca [f I.ender required Mortgage Insurance as a condition of making[he Loan and Borrower was required to make separa[ely designated payments toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to maintain Mortgage[nsurance in effect,or to provide a non-refundable loss reserve, until Lenders requirement for MoRgage[nsurance ends in accordance with any written agreement between Borrower and Lender providing for such termination 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 entity that purchases the Note) for certain losses it may incur if Bon�ower does not repay the Loan as agreed. Borrower is not a party to the MoMgage Insurance. Mortgage insurers evaluale 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 terms and conditions that are satisfactory to the mortgage insurer and the other party (or parties)to these agrecmcn[s. These agreements may require the mortgage insurer to make 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 ofthese agreements, Lender,a�ry purchaser ofthe Note, another insurer, any reinsurer, any other entity, or any affiliate of any of the foregoing, 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 sharing or modifyin�the mortgage insurer's risk,or reducing losses. If such agreement provides [hat an affiliate of Lender takes a share of the insurer's risk in exchange for a share of die premiums paid to[he insurer, the arrangement is often termed "captive reinsurance." Purther: (A) Any such agreements will not a1'1'ect the amounts that Borrower has agreed to pay for Mortgage Insurance, or any other terms of the Loan. Such agreements will not increase the amount Aorrower will owe for Mortgage Insurance, and they will not entitle Borrower to any refund. (B) Any such agreements will not aft'ect the rights Borrower has - if any - with respect to the Mortgage Insurance under the Homeowners Protection Act oi 1998 or any other law. These rights may include the right to receive certain disclosures, to requcst and obtain cancellation af thc Mortgage Insurance, to have the Mortgage lnsurance terminated automatically, andlor to receive a refund of any Mortgage Insurance premiums that were unearned at the time uf such cancellation or termination. 11.Assignment of Miscellaneous Proceeds; Forfeiture.All Miscellaneous Proceeds are hereby assigned to and shall be paid to Lender. /� .,�� iaoaz��oo� NEBRASI(H-Single Family-Fannie MaelFreddie Mac UMFORM INSTRUMENT �1'/ � Form 3028 1101 VMP� 03l'I� Nblters Kluwer Flnancial Services 201206294.00.0.4002-J2011 W28Y Imtials' Pa�e 9 of 1] IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII�IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII(IIIII