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201209435 continue to pay to Lender[he aznount of the separately designa[ed payments that were due when the insurance coverage ceased ro be i�effect. Lender will accept, use and re[ain these payments as a non-refundable loss reserve in lieu of Mortgage Insurance. Such loss reserve shall be non-refundable, , notwiths[anding the fact thaz the Loan is ul[imately paid in full, and Lender shall not be requir�l[o pay Borrower any interest or earnings on such loss reserve. I.ender can no longer require loss reserve payments if Mortgage Insurance coverage(in the amount and for the period that Lender requires)provided by an insurer selected 6y Lender again becomes available, is obtained, and Lender requires separately designa[ed payments toward the premiums for Mortgage Insutance. If L.ender required Mortgage Insurance as a condition of making the Loan and Borrower was required to make separately designated payments towazd the premiums for Mortgage Insurance, Borrower shall pay the premiums required ro maintain Mortgage Insurance in effect, or ro provide a non-refundable loss reserve, until Lender's requirement for MoRgage Insurance ends in accordance wi[h any wri[[en agreement between Borrower and Le�der providing for such ternunation or until termina[ion is required by Applicable Law. No[hing in this Section 10 affects Borrower's obligation ro pay interest at the rate provided in the Note. Mortgage Insurance reimburses Lender(or any en[ity tha[purchases the No[e) for certain losses it may incur if Borrower does not repay the Loan as agreed. Borrower is not a party to the Mortgage Insurance. Mortgage insurers evaluate their total risk on all such insurance in force from time ro time, and may enter inro agreements wiW other parties that shaze or modify their risk, or reduce losses. These agreements aze on terms a�d conditions that aze satisfacrory ro the mortgage insurer and the other party(or parties)to these agreemenzs. These agreements may require the mortgage insurer to make payments using any source of funds that the mortgage insurer may have available(which may include funds obtained from Mortgage Insurance premiums). As a result of these agreements, Lender, any purchaser of the Note, ano[her insurer, any reinsurer, any o[her entity, or any affiliate of any of the foregoing, may receive(directly or indirecdy) amounts that derive from (or might be chazac[erized as) a portion of Borrower's payments for Mortgage Insurance, in exchange for sharing or modifying the mortgage insurer's risk, or reducing losses. If such agreement provides that an affilia[e of Lender takes a share of the insurer's risk in exchange for a shaze of[he premiums paid to[he insurer, the arrangement is ofren termed "cxptive reinsurance." Further: (a) Any such agreements will not affec[t6e amounts that Borrower has agreed to pay for Mortgage Insuranm, or any other terms of the Loan. Such agreemenfs will not increase the amouut Borrower will owe for Mortgage Insurance, and they will not entitle Borrower to any refund. (b) Any such agreements will not affect the rights Borrower has-if any-with resp�t to the Martgage Insurance under the Homeownecs Protec[ion Act af 1998 or any other law. These rights may include the right to receive certain disclosures, to request and obtain cancellation of the Mortgage Insurance, to have the Mortgage Insurance terminated automatically, and/ar to receive a refund of any Mortgage Insurance premiums that were unearned at the time of such cancellation or termination. 71. Assignment of Miscellaneous Proceeds; Forf�iture. All Miscellaneous Procceds are hereby assigned to and shall be paid to Lender. If the Property is damaged, such Miscellaneous Procceds shall be applied ro restoration or repair of the Property, if the restoration or repair is economically feasible and Lender's security is not lessened. During such repair and restoration period, Lender shall have the right 2o hold such Miscellaneous Proceeds until Lender has had an oppommity to inspect such Property to ensure the work has been completed ro Lender's NEBRASKA-Single Femity-Fannie Mae/Fre00ie Mac UNIFOFM INSTFUMENT Form 3028 1/01 VMP�'� VMP6ME)(11051.00 Wol[ere Kluwer Financial Services Page 9 0l 1]