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201208228 aontisme to pay to Lendcr$ic amonnt of the separately desiguflted pnyu�enla that were dLie when}lie insurance covetage ceAsed to be in effect. LcK�dor wi17 accept, use and retain these payments as a no»-rcftindaUle loss raserva in lieu of Mortgage Insm�2noe. Sucl� loss reserva shalI be non-refunc1a61e, notwithsl<�nciing thc fact 8iat Yhe T.oan is ultimately paid in full, and Levdcr tihall not be required to�ay Boirower eny interese or earninge oti such loss reserve. Lender ceu no longer require]oss rescrve paymenCs if Mortgage Ii�surence coverage(in the an�olmC�nd for tli�period tl�at Lender requires)provided by au insurer selected by Lender again becomes avulAble, is obtained, ai�d l.atider requires sepaz•akely designaCed paym�n��s toward the premiiims for Mortgage Insw�ance. If Lender required Mortgage Insurance as a nonclition oF�nalring tl�c Loan and Ronawer was raquired to make separaCely designated payments toward the premiums far Martgage Insucance, Borrowcr sl�all pay the preiniwns required to mainC�in MorCgagc Iusurance in effect, or to provide a non-refundflble loss xeserve, until Lendc�'s reqLiirement For Mortgage Insiu�tnce ends in accordancc wifh any writEen agreamenP beCween Borrower nnd Leiidor providing for such termination or unfil terminalion ie requircd by Applicable l,aw. Notl�ing�in this Section 10 affects Rorrower's obliga�tion to pay interest at the tate provided 'u�tl�e Nc�tc. Mortgaga Insivance ceimburses Lender (ar�ny entily ChaC purchaecs the Note).for cerCai�i lossas it may incur if Borrnwer does not repay the Loau as ag•eed. Bor1•ower is not tt parfy to fhe Mortgage insurance. Mortgabe insurers evalunte their total risk on all such insivanoa in Porce froin Hmc to time, and may enter into agreements with other parties Uiati share or modify Yheir riflk, or reduoe loseee, Theso a�rcements are on tecme and conditions that Tre satisfactoty to the morEgage insttrar and the other pnrfy(or p�rtie�)in thcsc agreements. These agreemenCs may requirc the mortgage i�vsurer Co malca�ayinentis asing any source of fimds that tlie morCgage insurer mny hnve�v�il�ble(which may inclucio funds oUtained fioin Mortgage Instuauce premimns). � As a result of these agreeineuts, Leuder, any pw chnser oP the Note, another insueer, any rcins�n'er, aity other enCiCy, or any a�liate of any of the foregoing, mny receive(directly or indirectly) amounts fihat derive�&on2 (or might be chaxac[erized as) a port�ion oP Bon�ower's payincnts for Iviortgage Insurauce, in exchange for sharing or inodifying Yhe mortgago insucer'a risk, or reducing losses. TP euoh agrccment provides fhat an uffiliate of t,ender takes a shace of[he insurer's risk in excheuge for a shnre of the grcnniums paid to the in.surrn�, tl�c areangement is often t�;rmed "captive reiiisuranee." Fm•t$er: (a) Any snch flgreeinents will not affecY tl�e amoimfs that]3orrower hns agreed to pay for Mortgage v�snranca, or any otlier terme of tl�e Lonn. Sncli ngreements will not inerense the amu�mt Burrorver will owe for Mortgagc v�eneancc, and tltcy will not eutitle Borrower Co v�y refimd. (b) Any sucli agreemcnt�will not nffeet thc rigltYs Borrower ltae-if ang-witL reapect Co Che NIorhgage Insnrance m�der the Homeowners]'xroteotim�Act oP 199$ or any otlter law. Tltese rigltts may inclnde tl�e right to receive certain dieclosures, Co i eqnest and obtxin c�nceIl,otion of thc Mortgage Inem�xucq to hnvc thc Mm•tgngc Tnsnrance Cerminated antomatically, nnd/or to receive a refnud of any Mortgage Insurxnce premim�is tliat Were unoarncd at the Hme of such cancellatimi or termina�ion. 11. Assignment of M iscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds nre hereUy assigned to end ahall be paid to Lender. If the Property ia dnmaged, such Miscellaneous Prooceds shall Uc applied to restoratiion or repair oi'flte Proparty, if the reatorAtion or repair is economically£enaible and Lender's sccurity ie uot lessened. Daring such reptur aud restoratioil period, Lender shall have the riglrt to hold such Miscellaneoua Proceeds unUil Leuder has had nn opporliuiity Co inepeot snch Yroperty to cnsure the work l�as Ueen completed tio Lender'e 24002352 NF.f3RASKA-Single Family-Fnnnie�AeelFretldle Mnc UNIFORM INSTRUMEN f Farm 3020�1l01 VMP�v VMP6(NE)(1105) Woltars Kluwor Flnen¢lal 9ervloes Pege 0 oP 17