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201208740 cantrnue Yo pay to Lender the amount of che se��arllely designatcd yaymcnts that wet�e due when the insurance coverage ceased to be in offect. Lender will aocept, use�nd retain Chesc paytnc^��ts as a non-reftindaUle loss reserve in lieu oF Mortg�ge Insurance. Such loss reseive shall be non-refundable, nolwitlisCai�ding tl�o fact that tho Loan ie u1kimately paid in.full, and Lander sha11 not be required to pay� Borrower any interest or earnings on e'uch loss rescrva Lcndcr cen no 1onger require loss reseive paymants i£Mortgaga Insttrance coverage(in tlie amounE�nd for the period that Leiicler rcquiros)provided Uy an rttsurer aelectad by I,ender again l�ecomes availaUle, is obtained, and Lender requirea separate�y deaignahed paymanCa Coward 112e prcmimns for Mortgage lusurance. If Lende��required Mortgaga Instuttnce as a coudi6on of making the Lo�n and Bon o�ver was required ho innlce separatcly designated paynxents toward the preinimns f'or MorC�age Insin•ance, Borrower shall pny the premiums ruluired to u�nintain Morlgage Inyi�rance in efPeol, or Lu provide a nnn-refundablc loss rescrvc, m�til Lender's requirement �For Nlortigage TnsurAnce ende in nccordnnce with any wtitCen agreement between Borrowor aild Lendcr providing for s�tcl� termination or unYil Yermination is required by Applicnlile Law. Nothing in this Section 10 aPfects BorcoWer's oUligation to pay inYerest at Uie rate provided in tha NoYe. Moxtgage Iiisurauce reimbursas Lander (or any entity tliaE purchases the Note) for oertnin losses ic may incur if Rorrowcr does not repay t1�e I,ocui as agreed. Bon•ower is not a party to the Mortigage Instuauce. Mortgage insurers evaluate their Yotal risk on all auch insm ance in force Froin tiine to Yime, and may enter into agrccn�onts with otl�cr��arties That sl�arc or inodify thcir risle, or rcducc loses. Thesa a{;reements are on terms and eonditions that axe sntisPnctory to the mortgage inaurer and the o6het parCy(or pw��ics) lo these agreenients. These agreements may require the mortgege inswer to mAke payments using�uy eource of fimds tliat the mortgage insurer nu�y liave auailaUle(whioh inay iuclude iwids obtained from Mortgnge Insurauce �re»>iums). As a result of tl�ese agree�nents, l,euder, any purchaser of flie Note, auothex insu�er, any reivsmer, auy othar nnCity, or any aFfiliato of any of the forcgoing, may r�ecive(directly or indireeUy) ai2�ounts that derive from (or might be chaxacterized ns) a porfion of Borrower's p�yments for Mortgage Insurauce, in exchange for shasiug or modifying the martgage ii�smer's risk, or reducing losses. If'sikch agreement provides that a�i affiliate of Loi�dcr takcs a sltare of$�e insurer's rislc in oxcl�anbc for�a sl��tce of t11e premiuins paid�to the insnrer, the airnngement is often termed"captive reinsnxance." FurCher: (a) Any encli agrocmcnts will not aPfcet Ylic amoimts t6at Borrower l�ae ngrecd to pay for Mortgage Ins�u•;uice, ur smy otlier terins uf the Loan. Sucl� :igreements will not uicrcasc tlic ainount .13m�rower will owe fm•MorCgage Ingm�ance, and l7�ey will imt enCiNe Borrower to any refund. (b) Any such agreements Will not xffeet the right�s Borrower has-if any-witli rnspect to El�e Mortg�ge vtsurance nnder the IIomeowners Protec�imi Act of 1995 or auy ot'her law. '1'hesc iigUCs �nay inclade tlic rlglit to rcccivo ccrtain discloenrce, to roqnest ancl oUtain cancellnHon of the Morf.gagc Insurance, tu h.rve N�e MorCgage Insnrxnce terniinxCed amtwnndanlly, and/or I'o receive a refiwA of any MorCgage Inam�ance premimns ChaC were tmearned at the time of such eancollatiml m� terminnlion. 11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellniieous Proceeds are he�eby�ssigied to and shall be paid to Lender. I£ttie Property is d�maged, such Miscelleneous Proceeds shall be applied to restoration or repair of the ProperYy, if'the restoraEion or repair is econoinically FeasiUle aaid Leuder's secLuity ie not leaseuecl. Dnring sncl� re�zir and restoration ycm�iod, Lendct s1�a11 have the ribht to hold such Miscellaneous Proceeds until Lender l�ias hnd an opporliuuty fo inspecC srxch Properly to ensure the work hae bccn coinpletcd Yo Lendor's 24002468 NEBRASKASingle fnmily-Fannle M aelfredAie M ac l7N IFORM IN3TRUM ENT Form 3028 7 f01 V M P� VM Plf(N E)(1105)� Wolters Klowe�Finanolsl Services P¢ge 9 of 17