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201208791 continue to pay to Lender the nmount of the sep�rately designated paymeuCs lhlt were due whe��tlie insw�ance coverage ceased to Ue m effect. Lender will accept, use and retain these pnymenls as a non-refundable loes reserve in lieu oF Mortgage Ins'urv�w. Such lose 1 eserve sliall be non-refimdable, notwithstancling the fact that Uie Loen is ultimntely peid in full, end Lender shall not bo required to pay Borrower any interest or earnings on suc11 loss reserve. Lender can no longex reqnire loss reseroe payn2enLc if Mortt;age insw�ance coverago{in fhc amount and for tlic period thaY Lender requires)t�rovided by an insurer selected by Lender again becoine� avvlable, is obtainod, and Lcuder requires separately desigAialed paymeuCs toward the premiums for Martgage Insurance. If Lender required Morlgage Insurancc�s a conditiou of m�king the Loan and Borrower was required Yo make aeparately designated pnymenl� Coward flie premiwns For Mortgage Inatuance, Borrower shall paty the premimns required to lntiiutain Mortgage Insiunnce in effeot, or to provide n non-reT'undable lose resexve, usitil Lender's requircmene f�rMortgage Insurence ends in aceordence with viy writteu agreemant Uetween Borrower end Lender providing for euch termuiation or w�til termivation is reqti�ired by Ayplicnb1a I.aw. Notl�ing in this SecCioix 10 afPacts Borrowcr`s tibliga�tion W pay intere.sC aC Che rate provided in the NoCe. Martgage [nstiirancc reimb�irscs Lender(or any enliCy Chak purehascs tho Notc) for ccrt�in losses it may incur if Bon-ower does not xepay the Lonn ns agTeed. IIorrower is not�c party io Lfie MorCgage I�ienrarn;c. Mortgagc insurcn's eval�ia3o Cheir toCal riak on all sucl�i insuranoe in Porce from timo tio timq and mxy enter info agceemente wiCh other parties thnt share or modify their rislc, or reduce losses. Theae�greeinenfs are on fetrne and �onditions that aze satlsPactary to Yhe morlgage Insw`er tmd the other pArty(or pArCies) to these agreements. These agreements mmy require the mortga{;e ii�surer to i'nake payinante using aity som�ce of faids that the mortgage insurer mag l�avo available(which may include fnnde obtiaineci frnn2 Mortgage Insurdncc �remiuins). As a xesult of these ng•eemente, Lender, eny pm•cheser of Yhe Note, another insurer, 2ny reinsurer, any other entity, or any a£Filiate o�P auy af the fbregoiug, may reccive(direetly or indirectly)aanounCs that derive'Fram (or might be cl�aractcrizcd an) a portion of Borrower's paynYenke Por Mortgago I�3surancc, in cxchzu�gc for slraring or modifying the mortgage ineurer's riak, or reduciug lossea. If suoh agreement providea lh�t an af'filinte of Lender t�kes � shnl•e of the rnsurer's rislc in exchange lor a share of tlie premiwns pnid to the iiisurer, the arcangement is often termed"captive rcinsuranec." Fm ther: (a) Any anch agreemet�fs will not affecC the fliuonnts.that Borrower LaS agreed to pny fm�1VTnrCgage Inanrance, or any oHier kerms of tl�e Lonn. 6nc1� ngrcements will not inercaeo tl�e amoimt Borrower will oFve fbr MorCgn�e Insur.�nce, nnd tl�ey will�rot entitle}3orruwer tu nny refimd. {b) Any eneli agrocmenCe will not s�ffect tlie riglits Rurrower hxs-if�u�y-with respect to t11e Mm•t�;:ige litisurance under the Homenwners Pirohectimi Act oF 199R or any oCher la�y. 'Cl�eso�9ghts n��ay i��clude the right to rece9ve certain iflsclosnrce, Yo requcet�nd obtain cancellaHon of the MorYgage Znsnraneq to havo tlic Mortgnge Insuramee termiiixted xntomatiaal�}-, nnd/or to rccolvc a refiuid of nny Mortg.ige dn5m�anee premiuma that were imearned at the 6me ot'sncli cancellaHon or Cerminatiou. 11. Assignment of M iscellaneous Proceeds; Forfeiture. All Miscallancot�s Procceds are hcr�;by assigncd to and shzdl l�o paid to Lender. Tf the t'ro��erty iF daniaged, auoh Misoellaneous Proceods shall be applied to restaretion or repair of lhe Piropexty, if th€restoration or repair is econoinically fe�sible and Lender's seettriCy is noC lessened. Dw•ing Buc17 repair Tnd restoratton�poriod, Loildor shal] have the right to h�ld such Misocllaneous Yroccui9 �mtil Lender hr�s had au opportnnity to inspect snch Property Yo enaure the work hns been completed to Lenciar's ------- -- -------- rznoosnas NEBR451(A-Sin�le Family-Fannle M17ae/Freddie Mac 11NIFORM INSTRUId[NT Farm 3020 7/01 vnqP� vMNs�Ne��itas� INnllars Kluwer Finanaial Snrvinev Pa9e 9 0l 1