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201208227 contiime to pay to J.,endcr Thc amount of the separately designated payments fhaC were due when the insuraiico coverage eeased to be in effeet. Lender will accept, usc and retain these paymenYs as a ❑on-reftmdable loss reserve in 1iet� of Mortgaga Ilzsurance. Such loss reserve shall be uon-refundable, notwithsY�lnding the fact tliat tlie I,oan is ulfimately paid in full, and Lender sha11 not bc required to pay Borrower airv interest or earnings on sueh loss reserve. Lender can no lon�cr require loss resexve papments if Mortgage lnsuranee coverage(in the atnount aud for the period that Lender requires)provided by an insuror selected by Lender again becomes auailable, is obtained, and Lender requires separataly designatad payments towlyd the pramiums for Mortga�;e]nsurance. If Lender required Mortgage lnsurance as a eondition of malcing tlie Loan and Borrower was required to make separately desigitaled payments toward tlie pre�niums for Mortgage fnsurance, Borrower shall pay the premiums rcquircd lo maintain Mortgnge insi�rance in effect, or to provide a nonnef'undable losa reserve, until Lander's requirement for Moxtgage Insurance ends in aceordance witl� any written agreement between Borrower uid Londer providing for snch ternunation or unYil tcnninatinn is requixed by ApplieaUle Law. Nothrng in this Section 10 affeots Borrowar's obligation to pay interest nt the raYe provided in the Note. Moxtgage Insurance reimburses Leuder (or any entity th�t puroha�es the Note) for oext�lin losses it may incur if Borrower does not repay the Loan as a�reed. Borrower is not a p2rty to the Mortgage lnsurance. Mortgage insurers evaluate theIr total risk on all sucli insurance in force from time to time, azzd may entar into agreements witU other pa��ties Uiat share or m�dify their risk, or xaduce lossea These agreemcnfs are on terms flnd conditions that are satisPactory to the mortgage insurer and the other party (or parties)to these agreements. These agreements may require the moetgage insurer to mako paymonts uaing any source of funds Yhat the mortgaga insurer may haue available(which may include funds ohtainad from Mortgnge Insur¢nce premiums). As a resiilt pf these agreements, Lender, any purchasor of the Note, another insurer, any reinsurer, any other entity, or any affliate of auy of tlie foregoing, may receive(directly or indirectly) a�nouiits that derive from (or miglrt Ua characterized as) a portion of Borrowex`s payments for Mortgage Insurance, in exchange for sharing or modiTying the morYgage insurer's rislc, or reducin� Iossas. If'such agreement provides tliat au affiliaTe of Lender Yakes a sha�•e of'the iosurer's risk in exchange for a share of tha pratniums paid to the insurer, the arrangement is often termed "capfive reinsurnnce." Further: (a) Any snch agreemenhs will not aff'ecf She amounts tliat Borrower has agreed to pay for Mortgage Insw�nnce, or any oSher terms of the Loan. Sucli ugreements will not increasc Clio amount Borro�ver will owc for Mortgage Insarunce, and they will nok entiEle Borrower to eny reYund. (b) Any such agreemenfs will not nffect the riglits 13orcowar has- if any-with respect to the MorGgage Insurance under the Homeowners Protection AcC of 1995 or aqy other law. These rights may include the right to reoeive cerfain disclosures, to request and obtain cancellaCion of thc Mortgage Insurance, to have the Mortgage Insurance terminafed auttimatically, and/or to receive a refund oP any Mor6gage Insurance premiums thaf were unearned aE the time of such caneellation or termivation. 11. Assignment of M iscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby assigned to and shall be pvd to Lender. If the Property is dcunaged, suoh Miecellaneous Proeeeds shall be applied to restoration or repair of the Property, lfthe restoration or repair is economically fe�sible and Lender's security is not Iessened. During such repair ai�d restoration period, Lender shall ha�e tlie right to f�old auch Miscellaneous Pxoceetls until Lender has had an opportunity to inspect such Property Eo onsurs the work has been oompleted to Lcnder's 24002328 N[BRASKA-Single Famlly-Fennle MeelFreddie Mua UNIFORM INSTRUMENT Form 302.8 1701 VMP VMP6(NE)(1105) Wolmr�s Kluwor Financiol Sonlmc PageB af 1]