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201209152 continue to pay to Lender the amount of the sepnr�Cely de�ignatcd pa}nncnts Uiat were due whan the insm�aAice coverage ceased to Ue in eftact. Lender will accept, use and retain CheFc paymcnts as a non-rcfimciablc loss r�eyerve in lieu of Mbrtgage Insm�anca. Such loss reserve shall be non-refundable, notwithstiancling the fact 4hat the Loan is ultimately paid in full, and Lender shnll not be�required to pay Barrower eny interest or eninings on euch loss reseive. Lendcr ca��no]onger rac�uire loss reserva paqments if Mortgage Insw�vica covarage (in the �mounE end far the period that Lender requirea)providcd by an insw'cr sclectcd by Lender agaui becomes available, is obCained, and Lenfter requires separately designaCed paymenta toward the preiniuws for Mortgagc Insm-ance. ff Lci�der required MorCgage Insura�ioe aa a condition of maleing the Loan and Borrower was required ro m�ke separaCely designatcd pa}�ments towud the preiniwns f'or Mortgage I��survice, Borrower eha11 pay flie pretniuma required to m�iniain Morlgago Inei¢euzce iii eLLea6, or Lu provida ei uon-refuuJable lunc �encrvo, �mtil Lcndcr`s requiremant for Mortgage Iusurtince ends in accordsuice wiYh any wrifteu agreement belweeu Bonower and L,c��dcr providing for sLich ternunation or witil termination is rec�uired by ApplicaUle I,aw. Noflung in this Seotion 10 nffeeca Ror�ower's obligafion to pay interest a�t tlie rate provided in the Note. MorCgage Insm ance reiinl�urses Lendex (or any entity that purchases the Note) for certain losses it mny incw if 13orn>wcr does not repay t1�c Loan.�s agrced. Borrowcr is not a party to t1�e Mortgage Insm•ance. Mortgage insurcrs cvaltiiate thoir total rislc�n all such insarai�cc in force from tiine to t3me, and may entier inCo agreements with other parlies [hat shnre or modify Cheir riak, or rednce loeses. Thcse agrccmcnts are on terms aud conditions that are eatisFactoiy to tSie morYgaga insurer end the o�lier p�u Cy(or p�rties)to these abreaune�ifs. These abn�eements may require the inort�;age insurer to malce payinenCs using any som�ce of fiuids that fhe inorCgage insurer n�ay have auailable(which maq include fimds obtained from 1Vlortgage 1ns2traatce � premiums}. As ti resulC of these agreemenCs, Lender, nuy pmrol�nser oP flie NoCe, anakher inrurer, any reinsurer, any other enHty, or any affiliaYe of�ny of the foregoing, may recaive(directly or indirectly) amounts thaC derive from (or inight be char�cterized as) a.portion of Rorrower's payments for Mortgage Insurance, in exchmige for sl�aring or iilodifying tihc mortgage instu�er's rislc, or rcduciv�;lonsc�, if such agreament provides that a�i ai'filiate of Lender tnlces n shnre o£tihe insnrer's risk in exohnnge fox a share of the premiums paid to the insurer, The arrTngeinent is ok'ten terined "cal�tiive reinstu'ance." Fm�ther: (a) �ny ypch agreements will nut affecC the amounts thxt Rm�rower h;�s agreed to pay Yor Mm•tgsige Insurmace, or airy otlier ternts of Clte Loan. Sncli agreements will nnt increase tl�e amount Borirowcr�vill owc for Mortgagc Insnrancc, and thcy will not entitle Borrowcr to nny refmid. (b) Any snclx agreeiuentc will nat nff'ect Uie rights Bor�rower h�s -if any-wiCh respect to E11e Mortgago Iusaranec miclor the Hoincowncrs Protcetian AcC of 1998 a� auy otlmr law. These rigLte m:�y incL�de the righf.to �•eceive cerGiin disclusares, to reqnest xnd obtsuu cancellatim��of the Mortgage Insnrauce, Co h.�ve Clee 1Vlorfgage Iusm•ance Cer�ninaCed anComaBct�lly, and/or to reeeive a refimd of any Mortgflgo Iusnraucc premi�nns tliat wcrc nncaiiicd at the 8me of sncL cnncellxtiun ur teri�in:�tion. 1 1. Assignment of M iscellaneous Proceeds; ForFeiture. All Miscellaneous Proceeds are hereUy assigned to and shall be��aid fo Lender. Lf tl�e Property iF dv��agcd, such�Miscellai�cous Prococds shall bc a��>plicd to restoratiou or repair of the Property, if hhe restoration or repnir is econoinieally feAsible and Lender's security ie nof lessened, llueiiTg such repair end restor�tion period, Lender shell heve the righY to hold auch Miseellaneous Prooeeds until Lender has had an opportunity to inspect such Pro�erty to enstu'e the work has Ueen coinl>leCed to Lender's 24002633 NEBFEASKA-Single Famlly-Fannle Mae7Fre�Ule Mac ONIFORM INSTRUMENT Form 3020 t107 VM P� VM P6(NE)(110 b 1 4Valters Klmv er Financlal Sarvices Papa 9 of 17