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201208476 conrinue to pay to Leuder Lhe unount of the sepazately designated paymenis liat were due when the insurance coverage ceased to be in effect Lender wil7 accept, use and retain these paymcnts as a non-refundahle loss reserve in lieu of Mortgage Insurance. Such loss reserve 5ha11 be non-reftmdable, notwithstanding the fact that the Loan is ultimately ptid in full, and Lender shall not be required to pay Boaow•er any interest or earninos on such loss reserve. Lender can no longer requue loss reserve paymeats if Mortgage I�isurance coverage(in the aznownt and for the period that Lender requires)provided by�n insurer selected hy Lendcr again becomes available, is obtained, and Lender requires separately designated payments toward the premiums Por Mortgage lnsurance. If Lender required Mortgage Insurance as a conditian of making ihe Loan and Boxxowa was requised to make sepuately deszgnated payments towu�d the premiums for Mortnage Insurance, Bosower shall pay the premiums required te mainta?n?diortgage Insurance in effect, or to pxovide a non-zefundable loss reserve, Lmti]Lender's requirement for Mortgage Insurance ends in accordance with any writteu agreement bet��een Borrower and L.ender providina for such ternunation ox until tenitination is required by Applicable Law_ Nottung in this Section 10 affects Borrowar's obligation to pay intexest aT the rate provided in fhe Note. Mortgage Insurance reunburses Lender(or any entity that purchases the N�te) for certain losses it may incur if Borrower does not repay the Loan as agrezd. Borrower is not a party to the Mortga.ge Insurance. NIortgage insurers evaluate trleir total risk on all sueh insi�ranee in force from time to time, and may enter into agreements wiTh ofner parties that share or modify their risk, or reducz Lossea These agreements are on terms and conditions that are satisfactory to the mon.gage insurer and the other pazty(or parties)to these agree�nents. Tliese agreements may require the mortgage insurer W make�aymeats usiag any source of funds Yh�tit fne moxtgage;nsurer v7ay have available(whioh may include funds obtained from Mortgage Insuraace premiums}. As a result of tl�ese agreements, Lender, any purchaser of the Note, another Ins�ex, an.y reinsurer, any other entlty, or any affiliate of�y of tfie foregaing, may receive(directly oX indirectly) amounYs that derive from (or might be characCerized as) a portion of Borrower's payments for Moxtgage Insurance, 3u exchange fox sharing or modifying the mortgage insurcr's risk, or reducing losses. If such agreement provides that an affiliate of Lender takes a share of the instuer's risk in exchange fnr a shaze of fl�e premiums paid to the insurer, the arrangemern is often termed"captive reinsurance." Purther. (a) Any such agreements wilI not affect t7ae amomats thaf Borrower has agreed to pay for Mortgage Insurance, ar any other terms of the Loan. Such agreements will not increase t7ie amount Borrower will owe fur Mortgage Insurance, And they wilL not en8tle Borrowee to any aefmtd. (b) Any such agrecments�vill not afFect the rights Borrower has -if any-with respect to the Mortgage Insurance under the Homeowuers Protection Act of 1998 or a�ry other law. These rigLhs may include the right to receive certain disclosures, to request and obtain cancellaflon of the Mortgage Ynsuranee, to have the Mortgage Insurance Yerm�ated.autamxticall}+, and/or to receive a refund of any Mortgxge Insurance premiums that were unearned at the fime of such cancellutian or tcrmination. 11. Assignment of M iscellaneous Proceeds; Forteiture. All Miscellaneous proceeds are hereby assigned to and shail be paid to Lender. If the Proper[y is datnaged, such Miscellaneous Ptoceeds shall be applied to restoration or repair of the Property, if the restorafion or repair is economically feasi6le and Lender's security is not lessened. During such repair and restoration pexiod, Lender shall have the right to hold such_Vliscellaneoac Proceeds until Lender has had an opporhurity to inspect snch Properry to ensure the work has been complered to Lender s zaaozaao NEBRASKA-Sin31e Family-Fannie 41azlFreddie M ac UNIFORM INSTRUM ENF Form 302&1101 V61 P� VW P6(NE)(1105) Wolte�s Kimv e�Ftlanclal Services Pege 9 ofi t�