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20120797� continue to pay tu Lender lhe umounl of Lhe separdlely detiignated paymenls lhat were clue when the iusurance coverage ceaseci to be in eFfect. Leuder will accept, use aud retain tliese pa}�uients as a non-refiutdable loss reserve in lieu of Mortgage Insurance. Such loss reserve shall be non-r�fwidable, notv�7thstanding the fact that the Loan is ultitnately paid in full, and Lender shal] not be required to pay Borrower any interest or earnings on such loss reserve. Lender can no longer reauire loss reserve payments if l�4ortgagc Insurancc: covcragc {in thc amount and fi�r thc period that Lcndcr rcquires) providcd by an insuter selectc;d by Lender again becomes availabte, is obtained, and Lender re�uires sep�rately designated p�yments tow�rd the pretniiuns for Morigage Insurance. It Lender requirzd Mortgage Insur:�nce as a condition of making the Loan and Borrower was rec�uired to make separately designated payments toward the premiums for Mortgage Insurance, Borcower shall pay the premiums required ta maintain Mortgage Insurance in effect, or ta provide a non-reiundable loss reserve, until Lznder's rec�uirernent for Mortgage Insurance ends in accordance with any written a�reement betwecn Borro��er and Lender providing for such termination or until termination is required by Applicable Law. Nothing in this Section I(? affects Borro�v�.�r's obligation to pay interest at the rate provided in the Note. Mortguge Insurance rcimbtuses Lender (or any entrty lhat purchases the Note) for certain losses it may incur if Bonower does not repay the Loan as agreed. Borrower is not a party to the Martgage Insurance. Mnrtgage intiurers ev3luete their total risk c>n �11 tiuch insurdnce in fi�rce freirn time to Iirne, ancl rnay enter iuto agreemcnts with othc;r parties that sl�are or niaaiiy their risk, or ruiuce losses. '1'hcse agreem�uts are on tenns and conditions that are satisfactory to the mortgagc insurer and the oth party (t�r parties) to these agreements. 'I'hese agreements may require the morlgage insurer to make payments using any source of funds that the mortgage insurer may have available (which tna}� include fiuids obtainr:d f'rom Mortgage Insurance prcmiums). As a result of these agreements, Lender, any pivchaser of the Note, another ins�►rer, any reinsurer, any other entity, or any afiiliate of any of the foregoing, may receive (direc;tly or indirectly) amounts that derive from (or might be chdrdcteri•r.ed a�) a portion of Borrower'ti paynients liir Murlgege Imur�nce, in exchnnge Cor sharing or modifying t}�e murtgage insurer's risk, or reduciug losses. If such agreement prc�vides t}iat an affiliate of Lender takes a share of the insurer's cisk in exchange for a share of the premiums paid to the insurer, the arrangement is often termed "captive reinsuraucr." I'urthcr: (a) Any such agreements will not affect the amounts that Barrawer has agreed to pay for Mortgage Insurance, or any other terms af the Loan. Such agreeraents will not increase the amount Borrower will owe for Mortgage Insurance, and they will not entitle Borrower to any refund. (b) Any such agreements will nat affect the rights Borrower has - if any - with respect to the Mortga�e Ineurance under the IInmeorrners Pratection Act of 1998 or any other law. These rights may inelude the right to receive certain diselosure�, to request and obtain cancella6on of the Mortgage Insurance, to ha��e the Mortgage Insurance terminated automarically, andlor to receive a refund of any Mortgage Insurance premiums that were unearned at the time of such cancellation or termination. 11 Assignmentof MiseellaneousQroceeds;Forfelture.All Miscellaneous Proceeds are hereby assigned to and shall be paid to Lender. Tf lhe Properly is damagecl, such Misc;ellaneous Proceeds shall he applied to resluralicm �ir repair of the Property, if the restoration or r�pair is econotnically Feasible and Leu�ler's security is ur�t lessened. During such repair and restoration period, Lender shall ha�•e the right tc� l�o]d s Miscellaneous Proccc;ds until Lender has had an o��pc�rtunity to inspf:ct such Pro�crty io ensure the work has been complcted to Lcnder's NEBRASKASingls FamilyFannie �1ae/Freddie Mac UNIFORM INSTRUMENT VMP C� Wolters Klwver Financiel Sarvices Form 3028'I701 V�1P8(NE) ('1105).09 Page 9 of 17 .� �