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201207542 oontinue Co pay fo Lendcr tUc em�ount of fl�o separate7y dcsignatcd Xr�.yrncnts that were due�vlien Che insurance covexage oe�sed to be in ef£ect. Lender will nooept, use ancl re6lin Lhese�Yayments a�a non-refundaUle loss reserve in liau of Mortgage Insura�ice. Suoh loss reseive shnll be non-refuncinble, notwit1�etanding tho fact that the I.oan is ultimately paid in full, and Lender sha11 not ba required Po pey Borrower any inlexest or et�rnings on such loes rescrvc. Le�2drn�cnn no lrn�gcr require loss reserve paymeats if Mortg�ge Tnsw•ence coverage(in the amonnt and for the period tliet Lencier rec�iires)providod by an inemer seleoCed by Lender agein becoines auailaUla, is obtained, and I,ender requires aeparately designAted paytnants toWard tl�e premiwns for Mortgage InsLtrance. If l,ender reqttiirecl Mortga�ga Insurancn as a eondition of�nal<ing lhe Loaz�and Borrower was rcquired tio make scry�aratcly designated payments toward t1�e pren2ium.s for Moctgage Insuranee, Borrower ehall pny Che premimna required to maint2.in Mnrtgago Insw•ance in aFfect, or to provide a noii-refwidaUle loss reserve, wrtil Lender's requireinant for Mortgage Insurance ends in aocordance with any��n�itten a6�•eeme��t between Boreower and Lender providing for such tort'nivation c�r unlil Termivafion is required by Applic�ble L2tv, Noll2ing in hhis Sec�ion I(7 affeots Bonnwer's oblig�tion to pay intexest at the rate�n ovided in the Note. Mortgnge Insui-nuoe reimburses Lender(or any entity thnt purchases the I�7ote) foL ceA•tain losees lt may incur if Borro�ver does not repay the Loa�x as agreeci. Borrocuer is not a parCy Co Uie Mortgage Inswance. Mortgage insurecs evalu�te their total risk on mll stich insmaaiee in force froin tiine to tiine, aaid may enter into agreements wiflx other parties tliat sliare or modify their risk, or reduce losses. These agreements nte oi� termn and condiNons that are satisFautory to tiha morhgagc insrirer and Clip othcr p�rty(or partics)to thoso agrc:c;ments. Thesc agreemenCs niay reqnire the niortg�ge insurex to make paytnenCa using nny source of funds th�[the mortg2ge insurer mny have avulable(which m2y include hmds obtained fi•om Mortgnge Lisurnnce premiums). As �result of Yhe,se agreeinentis, Leuder, any purchaser of the Note, anoUier insurer, uiy rainsueer, any other antity, or�ny affiliate of any of tl�a forcgoing, may rcccivc(dircofly or i�idircctly)ainouniv til�at dcrivc from (oc mighC be oharacEerized as) a porCion of Boxrower'a��}nnents for Mortgage Insurruice, in exchange for shering or modifying the mortgage insarer's risk, or reduoing losses. If such agreement provides Yliak en af'f liate of Lender teices a sl�are of the insurer's rislc in exchhngc for a ehHre of the premiums paid to flie ir�ytiu'er, thcarrangement is oftcn tcrnied "captivc reiu�urance." Fnrfher: (a) Any snch agreemenfs will not affect tlie nmonnts tl�at Borrower lias agreed ito pay for Mm�tgage Insurnvcc, or any otJier terms of thc Lonn. Snch ngremnents will not incrcasc tl�c amonnt Borrowcr will owc for l�Iortgagc Lisnr.mce, and tliey will not entitle 13orrower to s�ny refund. (b) Auy sucli agreemente will not affect tlic riglits Borrower l�as- if'tmy-wiCh respecC to tl�o Murtgxge Insurance under the Hon�ieowners YrotecGm�Act of]998 or any other law. These rigl�Ys may inclnde the rigl�t to receive eertflin disclosnres, to rerynest and obtain cancellatimi ot the 1�Iortgaac Lism•ancc, to havc tlic 1Vlortgngc Insnrsuice terminntcd anl:omaticnlly, nnd/or to iroccivc n ref�m�l of xny Mm•tgage Insw•ance preminms Cl�af were nnearrred at the time of snch caucellaLim�or te»ninatimi. 11. Assignment of NI iccellaneous P�'oceeds; Forfeiture. All Mieoellaiieous Procecds arc l�creby assigneci Co t�nd sfu2ll be p�id to Lender. Pf Lhe Properly ia dt�maged, siich Miscellaneons Proceeds shnll be�pplied to restora[ion or repair of lhe Property, if the restoraGion or repur is economically feasiUle and Lendar's secnriky is not lassoned. Diiriug such xepair aod restoration peiiod, Lender sha11 have thc rigl�t to l�old yuch Miscellaneous Proceeds until Lendc�r has had an opporlunily lo inspect sucli Pro�erty to ensure the work hns been eompleCed to Lender'a -- '_"--- � — -- 240020'J6 NEBk45KA-Single Family-Fennle M aelFretldle M ac UNIFORA4 INSTRUM ENT frorm 3028 V01 VMP(� VMP6(NE)(1MOu Nlolters Kluwer Financlal.5crvices Pago�3 of 1