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201208987 <br /> continue to pay to Leuder tiie nmount of tlie separ�tely desig�ated payments that were due whcit the <br /> insuruice coverage cexsed tn Ue in effeot. Lcudcr will acccpf, use ancl retain fhese plyme��Cs ns a <br /> nnn-refundable loss reseive in lieu of Mortg�ge Ineurance. Suoh loas reaerue shall Ue non-reFundnble, <br /> notwitfistanding the fact th2t the Loan is ultnnataly paid in full, and Lender shall not be required to pay <br /> Borrower any interest or earnings on stiich 1ose rese�ve. Londcr can no loiiger requirc loss reserve pa�n2zents <br /> if Mortgagc Tndurai�ca coverage (in the amoimC anci Por lhe period tha[Lender requires)provided by an <br /> insurer selecteci by Lender again beoomes available, is obtaiued, nnd Lender reqLures sepa�ately designateci <br /> pnyments toward the premiLime for Mortgage Insuranae. If Lender required Mortg�ge In�Luavice as a <br /> condition of making Uie Loan and Borrower was reqnired to �nalre septuatcly�designatcd paymciits toward Che <br /> prenntuns for Mortgage InsurAnoe, Horrowcr shall pay thc�remiun�s required 4o mainCnin Martgage <br /> i�isi�rnnce in eFfect, or to provide a non-refundable loss reserve, until Lender's requirement for Mortgage <br /> Snsurnnce ends in accordtmce with ttiiy written agreement between Bm•rowcr and Lcnder providing For euch <br /> tennination or until termination is rcqurr��3 by Applicablo Law. Nothing in this Sectiori 10 affects <br /> Bortowcr's obligation fo pay int�eres[at Lhe rnte providecl in the Nofe. <br /> Mortgagc insurance reimburaes Lender (or any entity thnk purchases the Note) for certain losses it may incur <br /> iP Borrower doea noE repay the Zoan as agreed. Borrower is not a party to flie 1Vlortgagc fnsurance. <br /> 1V[ortgage ineurere evaluate tlieir total riak on n11 such insw'auce iv�force ii'om time to fime, and may a�tcr <br /> into ng��eemenls with o8ier parties that share or inodify their risly or rcduco lossos. 'I'hesa agreenie�its are on <br /> terms end oonditions that are satisf�ctory tc�thc mortgagp inetuer�nci [he other party(or parties) to these <br /> agrezments, "fllesc agrccmc��ts may rec�Lure Che morCgage insurer to make paymenPs using aaty sonrce of�.mds <br /> t�at the mortgage inaurer may have flunilable(which may include 1�unds obtainecl froin Mortgago Insuranoe <br /> pxemiums). <br /> Ae a result of theae agreements, Lender, any pnrcl�aser of thc Noto, znnther insi�rer, aTry reinsurer, any othar <br /> entiCy, or any af�filiate of any of thc forcgoing, may reoeive(directly or indirectly) aniomits�thak derive fiom <br /> (or migl�t be cl�zuacterized as) a por6ion o£Boxrower's payme�nts foc Mortgage Lism�ance, in exchango for <br /> sharing or modifying the mortgage insurax's rislc, or redueing ln3ses. if siich agra;ment provic{es Lh�[an <br /> af'fili�tte of Lander takes a share oF t6e insurer's risk in cxchange for a shere of the premiums pud tio the <br /> insttrer, tlxe arraageu�ent is oftcn termed "caplive reinsurflnce."Pvrther: <br /> (a) Any sucL agreemenCs will not affect tho amoimts thnt Borrower hns a��reed to pay for NI�orCgage <br /> Insnrnnce, or any othor tcin�s of tlic Loan. Such agreements will nnti increase Che amount <br /> Bnrrawcr will owe for Mortgxge 1'nslrcance, and Chey will not entlHe Borirower to nny refm�d. <br /> (b) Any snch agrcemouts will not uffect the rights 13m•rower l�ae - if any-with respect ta tlio <br /> Murtgage Insm•ance nnder Che Hon�eowners ProtecNou Aot of 1998 or nny otlier law. Tlxese rights <br /> may 9nclade tlte riglit to reccive ccrtain dieclosnres, to reqnest nnd ubfain enncellnHon of fhe <br /> Mortgage Insurance, tu hnve the Murtgage f�xSnrance terminaCecl auCmuatically�, nnd/or to reccivc <br /> n refimd of any lYlurtgageTneur;�nce prenaiim�s thaU were miearned at the time of sncli <br /> cancollatimi or Cernw�ation. <br /> 11. Assignment of Miseellaneous Proceeds; �orPeiture. All Misaellanaous Proceeds are hereUy assigned lo <br /> and shall be pnid to Lender. <br /> IP fhe Properly ia d�mAged, such Miseellaaieous Proceeds shall be applied to restoration pr mpair of lhe <br /> Property, if'the restoretiioix or repair is econoii�iceilly fc�sible and I,endex's security is not lesaeued. During <br /> such repei�� arid restorntron peciod, Lender ahall have the right to hold sneh Miscell�neous Proceeds mitil <br /> Lender has hnd an opyortunity to inspect suoh Property to ensure the worlc hns Ueon wmpleled to Ler�der's <br /> zaaossaq <br /> NEBRI�SKA-SingleFemity-Fnnnle Meelfreddla�Mao UNIfORM MSTFIIM[NT Form 3028 1AD1 <br /> V M P n VM PB(NE)(11051 <br /> Wollors Kluwor Finoncial Servlcea Pape 9 nf 1Y <br />